NOT LISTED FOR SALE

5300 Lake Rd Unit 200 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $906,000 - $1,078,000

3 Beds
2 Baths
2,157 Sq Ft
6,926 Sq Ft Lot

Last Sold October 31, 2019

Last sale price $525,000 $243 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,523/month

21 Days on Market

Highlights

  • Boat Dock
  • Den
  • Building Patio
  • Property Fronts a Bay or Harbor
  • Elevator
  • Living Room

About This Home

As of October 2019

As of October 2019 the condo fees will decrease to $400/month. Boat slip can accommodate up to a 35 ft boat

Last Agent to Sell the Property

Toni R. O'Connell

CAPE ISLANDS REALTY, LLC Listed on: 08/08/2019

Co-Listed By

Bill OConnell

CAPE ISLANDS REALTY, LLC

Last Buyer's Agent

Bill OConnell

CAPE ISLANDS REALTY, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,455

Year Built

  • Built in 2007

Lot Details

  • Property Fronts a Bay or Harbor

Interior Spaces

  • 2,157 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Partially Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Living Room
  • Dining Area
  • Den
  • Storage Room
  • Tile Flooring
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • Garage
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Bulkhead

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 5 / 1

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Elevator

Recreation

  • Boat Dock

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,455

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Water View
  • District Township: 14-Wildwood City
  • Also Includes: Drapes, Partial Furniture
  • Estimated Year Built: 2007
  • New Construction: No
  • Second Address Number: 5300
  • Listing Office2: 628
  • Price per Sq Ft: 243.39
  • Selling Agent1: 1083
  • Selling Office1: 628
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 2007

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Central Vacuum, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 2.1
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 2157
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Garage, Assigned Parking

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Gas Natural
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 200
  • Common Area Features: Elevator, Patio, Deck/Porch, Dock/Boat Slip, Bulkhead, Outside Shower
  • Condo Fees: 500/month
  • Unit Features: Kitchen Center Island, Tile Floors
  • Unit Location: Water View

Lot Info

  • Lot Number: 5

Tax Info

  • Taxes: 12455.02
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2018
Sold by
Shore Management Co
Bought by
Demarco Lawrence
Current Estimated Value
$998,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Outstanding Balance
$264,305
Interest Rate
4.44%
Estimated Equity
$733,983

Purchase Details

Closed on
Jan 5, 2018
Sold by
Shore Management Co Of Delaware Valley I
Bought by
Demarco Lawrence J

Purchase Details

Closed on
Sep 6, 2017
Sold by
U S Bank National Association
Bought by
Shore Management Co Of Delaware Valley I

Purchase Details

Closed on
Mar 23, 2007
Sold by
5300 Lake Llc
Bought by
Scherfel Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Demarco Lawrence $475,000 --
Demarco Lawrence J $475,000 None Available
Shore Management Co Of Delaware Valley I $328,000 None Available
Scherfel Stephen $1,100,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demarco Lawrence $308,000
Closed Demarco Lawrence --
Previous Owner Scherfel Stephen $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $525,000 -4.5% $243 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/08/2019 08/08/19 For Sale $549,900 -- $255 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,957 $498,400 $300,000 $198,400
2024 $14,957 $498,400 $300,000 $198,400
2023 $14,598 $498,400 $300,000 $198,400
2022 $14,115 $498,400 $300,000 $198,400
2021 $13,731 $498,400 $300,000 $198,400
2020 $13,407 $498,400 $300,000 $198,400
2019 $12,929 $498,400 $300,000 $198,400
2018 $12,455 $498,400 $300,000 $198,400
2017 $11,932 $498,400 $300,000 $198,400
2016 $11,583 $498,400 $300,000 $198,400
2015 $11,398 $498,400 $300,000 $198,400
2014 $12,394 $548,400 $350,000 $198,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Toni R. O'Connell

    CAPE ISLANDS REALTY, LLC

  • B

    Seller Co-Listing Agent in 2019

    Bill OConnell

    CAPE ISLANDS REALTY, LLC

    (609) 780-1500

    17 in this area

    17 Total Sales

    Bill OConnell
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 189071

Cape May County Association of REALTORS®

APN: 14-00001-0000-00005-01-C0200

New Jersey Cape May County Wildwood 08260 The Wildwoods

5300 Lake Rd Unit 200, Wildwood, NJ

This home is located at 5300 Lake Rd Unit 200, Wildwood, NJ 08260 since 08 August 2019 and is currently estimated at $998,288, approximately $462 per square foot. This property was built in 2007. 5300 Lake Rd Unit 200 is a home located in Cape May County with nearby schools including Glenwood Avenue Elementary School, Wildwood Middle School, and Wildwood High School.

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