NOT LISTED FOR SALE

5300 Lake Rd Unit 300 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $1,012,000 - $1,167,000

4 Beds
2 Baths
2,439 Sq Ft
$375/mo HOA Fee

Last Sold November 01, 2022

Last sale price $999,000 $410 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $7,509/month

140 Days on Market

Highlights

  • Boat Dock
  • Spa
  • Den
  • Property Fronts a Bay or Harbor
  • Furnished
  • Elevator

About This Home

As of November 2022

This rare custom waterfront penthouse with panoramic water views and perfectly situated boat slip is a rare opportunity so the Seller respectfully requests serious and qualified buyers only. A Lender Prequalification letter is required to schedule showings. Lock Box for convenient access once the showing is approved.

Last Agent to Sell the Property

Michael Mitchell

LONG & FOSTER REAL ESTATE, INC nww Listed on: 03/28/2022

LONG & FOSTER REAL ESTATE, INC nww

Co-Listed By

Craig Ungaro

LONG & FOSTER REAL ESTATE, INC nww License #0229137

LONG & FOSTER REAL ESTATE, INC nww

Last Buyer's Agent

Craig Ungaro

LONG & FOSTER REAL ESTATE, INC nww License #0229137

LONG & FOSTER REAL ESTATE, INC nww

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,202

Year Built

  • Built in 2007

Lot Details

  • 6,926

HOA Fees

  • $375 Monthly HOA Fees

Interior Spaces

  • 2,439 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Living Room
  • Dining Area
  • Den
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Carport
  • Assigned Parking

Pool

  • Spa
  • Outdoor Shower

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Bulkhead
  • Property Fronts a Bay or Harbor

Listing and Financial Details

  • Legal Lot and Block 5 / 1

Community Details

Amenities

  • Community Deck or Porch
  • Elevator

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,202

Year Built

Built in 2007

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Water Front, Water View
  • District Township: 14-Wildwood City
  • Near: Intracoastal Waterway
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 2007
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 5300
  • Listing Office2: 266
  • Price per Sq Ft: 409.59
  • Selling Agent1: 1236
  • Selling Office1: 266
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2007

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Estimated Living Sq Ft: 2439
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: Carport, 2 Car, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Unit: #300 PH
  • Common Area Features: Elevator, Deck/Porch, Dock/Boat Slip, Bulkhead, Cable TV, Outside Shower
  • Condo Fees: 375.00
  • Unit Features: Kitchen Center Island, Whirpool/Spa, Foyer
  • Unit Location: Top Floor, Water View

Lot Info

  • Lot Number: 5

Tax Info

  • Taxes: 14202.03
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
Nov 1, 2022
Sold by
Cameron James
Bought by
Walter Nicholas R and Walter Shaney L
Seller's Agent
Michael Mitchell
LONG & FOSTER REAL ESTATE, INC nww
Buyer's Agent
Craig Ungaro
LONG & FOSTER REAL ESTATE, INC nww
List Price
$1,275,000
Sold Price
$999,000
Premium/Discount to List
-$276,000
-21.65%
Current Estimated Value
$1,105,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,662
Avg. Annual Appreciation
3.46%
Original Mortgage
$899,100
Outstanding Balance
$860,595
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$245,067

Purchase Details

Listed on
Jan 23, 2019
Closed on
Apr 8, 2019
Sold by
Klauder Gerald J
Bought by
Cameron James
Seller's Agent
Donna Leyland
COASTAL ELITE REALTY
Buyer's Agent
Brian Reed
LONG & FOSTER REAL ESTATE, INC nwnj
List Price
$689,900
Sold Price
$592,500
Premium/Discount to List
-$97,400
-14.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%

Purchase Details

Closed on
Dec 8, 2006
Sold by
5300 Lake Llc
Bought by
Klauder Gerard J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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
Walter Nicholas R $999,000 Shore Title
Walter Nicholas R $999,000 Shore Title
Cameron James $592,500 Shore Title
Klauder Gerard J $1,350,000 Commonwealth Land Title Insu
Klauder Gerard J $1,350,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Nicholas R $899,100
Closed Walter Nicholas R $899,100
Previous Owner Klauder Gerard J $877,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2022 11/01/22 Sold $999,000 0.0% $410 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
06/02/2022 06/02/22 Price Changed $999,000 -21.6% $410 / Sq Ft
03/28/2022 03/28/22 For Sale $1,275,000 +115.2% $523 / Sq Ft
04/08/2019 04/08/19 Sold $592,500 -12.9% $266 / Sq Ft View Prior Sale
01/24/2019 01/24/19 Price Changed $679,900 -1.4% $305 / Sq Ft
01/23/2019 01/23/19 For Sale $689,900 -- $309 / 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 $15,470 $515,500 $300,000 $215,500
2024 $15,470 $515,500 $300,000 $215,500
2023 $15,099 $515,500 $300,000 $215,500
2022 $14,599 $515,500 $300,000 $215,500
2021 $14,202 $515,500 $300,000 $215,500
2020 $13,867 $515,500 $300,000 $215,500
2019 $13,372 $515,500 $300,000 $215,500
2018 $12,882 $515,500 $300,000 $215,500
2017 $12,341 $515,500 $300,000 $215,500
2016 $11,980 $515,500 $300,000 $215,500
2015 $11,789 $515,500 $300,000 $215,500
2014 $11,650 $675,500 $460,000 $215,500
Source: Public Records

Agents Affiliated with this Home

  • Michael Mitchell

    Seller's Agent in 2022

    Michael Mitchell

    LONG & FOSTER REAL ESTATE, INC nww

    (609) 217-9291

    124 in this area

    129 Total Sales

    Michael Mitchell
    Section Image
  • Craig Ungaro

    Seller Co-Listing Agent in 2022

    Craig Ungaro

    LONG & FOSTER REAL ESTATE, INC nww

    (609) 425-8199

    79 in this area

    84 Total Sales

    Craig Ungaro
    Section Image

  • D

    Seller's Agent in 2019

    Donna Leyland

    COASTAL ELITE REALTY

    (610) 584-0749

    79 in this area

    92 Total Sales

    Donna Leyland
    Section Image
  • Brian Reed

    Buyer's Agent in 2019

    Brian Reed

    LONG & FOSTER REAL ESTATE, INC nwnj

    (609) 967-3001

    279 in this area

    310 Total Sales

    Brian Reed
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 220831

Cape May County Association of REALTORS®

APN: 14-00001-0000-00005-01-C0300

New Jersey Cape May County Wildwood 08260 The Wildwoods

5300 Lake Rd Unit 300, Wildwood, NJ

This home is located at 5300 Lake Rd Unit 300, Wildwood, NJ 08260 since 28 March 2022 and is currently estimated at $1,105,662, approximately $453 per square foot. This property was built in 2007. 5300 Lake Rd Unit 300 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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Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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