NOT LISTED FOR SALE

532 E Cape May Ave Ocean Gate, NJ 08740

Estimated Value: $335,000 - $381,379

3 Beds
1 Bath
1,188 Sq Ft
$302/Sq Ft Est. Value

Last Sold June 21, 2017

Last sale price $150,000 $126 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $2,277/month

63 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Outdoor Storage
  • Shore Colonial Architecture
  • Crown Molding
  • Forced Air Heating and Cooling System

About This Home

As of June 2017

Wonderful Beach community. Short walk or bike ride to the beach for swimming,jogging on the one mile boardwalk.crabbing, boating and much more. This historic home features 3 bedrooms, updated kitchen and bath.Sip some lemonade or watch the kids play in the charming enclosed front porch.
Lot goes from E.Cape May to E.Atlantic. Lots of potential for addition, pool or garage/workshop.

Last Agent to Sell the Property

Doris Recchion

Weichert Realtors-Forked River License #8631045 Listed on: 02/27/2017

Last Buyer's Agent

Carissa Turner

RE/MAX at Barnegat Bay License #0897942

RE/MAX at Barnegat Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,625

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 40 x 150
  • Historic Home

Home Design

  • Shore Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,188 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Crawl Space

Kitchen

  • Gas Cooktop
  • Stove

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Outdoor Storage
  • Storage Shed

Schools

  • Central Regional High School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: All personal Items
  • Assessor Parcel Number 22-00061-0000-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,625

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Washer, Dryer, Stove, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Historic, Shore Colonial
  • Reso Flooring: Linoleum/Vinyl, Wood
  • Reso Interior Features: Dec Molding
  • New Construction: No
  • Reso Other Structures: Storage Shed
  • Year Built: 1928
  • Contract Info List PriceSqFt: 130.47
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 150
  • General Property Info Farm: No
  • Living Room Floor - Wood2: Yes
  • Cooling Central Air: Yes
  • Exterior Storage: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Kitchen Floor - LinoleumVinyl4: Yes
  • Water Heater Natural Gas2: Yes
  • Out Buildings Storage Shed: Yes
  • Interior Dec Molding: Yes
  • Garage None4: Yes
  • Dining Room Dec Molding4: Yes
  • Living Room Dec Molding3: Yes
  • Style Shore Colonial: Yes
  • Style Historic: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: All personal Items
  • Exterior Features: Storage
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Lot Dimensions: 40 x 150
  • Parcel #: 22-00061-0000-00006
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3625.0

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2017
Closed on
Jun 20, 2017
Sold by
Budnicki Morgan P
Bought by
Earle Robert J and Earle Diane
Seller's Agent
Doris Recchion
Weichert Realtors-Forked River
Buyer's Agent
Carissa Turner
RE/MAX at Barnegat Bay
Sold Price
$150,000
Current Estimated Value
$358,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,595
Avg. Annual Appreciation
10.84%
Original Mortgage
$122,100
Outstanding Balance
$101,142
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$257,453

Purchase Details

Closed on
Aug 7, 2009
Sold by
Morrell Marion E and Morrell William N
Bought by
Budnicki Morgan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,283
Interest Rate
5.36%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Earle Robert J $150,000 --
Budnicki Morgan P $150,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Earle Robert J $122,100
Previous Owner Budnicki Morgan P $147,283
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2017 06/21/17 Sold $150,000 -- $126 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional 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 $4,677 $284,500 $147,600 $136,900
2024 $4,399 $284,500 $147,600 $136,900
2023 $4,052 $145,700 $63,900 $81,800
2022 $4,052 $145,700 $63,900 $81,800
2021 $3,879 $145,700 $63,900 $81,800
2020 $3,909 $145,700 $63,900 $81,800
2019 $3,814 $145,700 $63,900 $81,800
2018 $3,682 $145,700 $63,900 $81,800
2017 $3,654 $145,700 $63,900 $81,800
2016 $3,625 $145,700 $63,900 $81,800
2015 $3,919 $192,300 $105,100 $87,200
2014 $3,936 $192,300 $105,100 $87,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Doris Recchion

    Weichert Realtors-Forked River

  • Carissa Turner

    Buyer's Agent in 2017

    Carissa Turner

    RE/MAX

    (609) 276-3704

    3 in this area

    98 Total Sales

    Carissa Turner
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21707341

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00061-0000-00006

New Jersey Ocean County Ocean Gate 08740

532 E Cape May Ave, Ocean Gate, NJ

Not Listed for Sale

Detached

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MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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