$278,500
SOLD NOV 22, 2024

540 Sheridan Ave Cape May, NJ 08204

2 Beds
1 Bath
834 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$334 Per Sq Ft

12% Below List Price

48 Days on Market

Highlights

  • Corner Lot
  • Fenced Yard
  • Forced Air Heating and Cooling System

About This Home

As of November 2024

This home is located at 540 Sheridan Ave, Cape May, NJ 08204 and is currently priced at $278,500, approximately $333 per square foot. This property was built in 1940. 540 Sheridan Ave is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

Last Agent to Sell the Property

Richard Perrin

KELLER WILLIAMS ATLANTIC SHORE License #0999688 Listed on: 08/15/2024

KELLER WILLIAMS ATLANTIC SHORE

Last Buyer's Agent

Sarah Mormello

deSatnick Real Estate LLC - Lower Township

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,469

Year Built

  • Built in 1940

Lot Details

  • Fenced Yard
  • Corner Lot

Parking

  • Gravel Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 834 Sq Ft Home
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 12.01 / 450

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,469

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner
  • District Township: 05-Lower Township
  • Estimated Year Built: 1940
  • New Construction: No
  • Second Address Number: 540
  • Lot Size2: 5249
  • Price per Sq Ft: 333.93
  • Selling Agent1: 3785
  • Selling Office1: 937
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Appliances Included: Range, Refrigerator
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 5
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 834

Exterior Features

  • Exterior: Vinyl
  • Outside Features: Fenced Yard

Garage/Parking

  • Parking Garage: Gravel Driveway

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural, On Demand
  • Sewer: Public
  • Water: Well

Lot Info

  • Lot Number: 12.01
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 123200

Tax Info

  • Taxes: 2468.93
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Nov 22, 2024
Sold by
Mccullough John J and Mccullough Karen M
Bought by
Ruiz Samantha Jean Marie and Cowell Cassidhe T
Seller's Agent
Richard Perrin
KELLER WILLIAMS ATLANTIC SHORE
Buyer's Agent
Sarah Mormello
deSatnick Real Estate LLC - Lower Township
List Price
$315,000
Sold Price
$278,500
Premium/Discount to List
-$36,500
-11.59%
Views
122
Current Estimated Value
$299,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,353
Avg. Annual Appreciation
7.35%
Original Mortgage
$273,455
Outstanding Balance
$272,447
Interest Rate
6.44%
Mortgage Type
FHA
Estimated Equity
$21,063

Purchase Details

Closed on
Jan 12, 2022
Sold by
Romer-Mccullough Karen M
Bought by
Mccullough John J and Romer-Mccullough Karen M

Purchase Details

Closed on
Oct 16, 2018
Sold by
Mccullough John J
Bought by
Romer-Mccullough Karen M

Purchase Details

Listed on
Aug 10, 2015
Closed on
Sep 21, 2015
Sold by
Fannie Mae
Bought by
Mccullough John J
Seller's Agent
Paul DiFilippo
RE/MAX SURFSIDE
List Price
$38,000
Sold Price
$39,905
Premium/Discount to List
$1,905
5.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.51%

Purchase Details

Closed on
Nov 25, 2014
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 25, 2014
Sold by
Dimotta Joseph G
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jan 9, 1988
Bought by
Dimotta Joseph A and Dimotta Jane L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $278,500 Shore Title
Deed -- Keywood Thomas D
Deed -- --
Deed $39,305 American Land Title
Quit Claim Deed -- None Available
Deed In Lieu Of Foreclosure $42,000 None Available
Deed $58,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $273,455 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $278,500 -7.1% $334 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/05/2024 09/05/24 Price Changed $299,900 -4.8% $360 / Sq Ft
08/15/2024 08/15/24 For Sale $315,000 +689.4% $378 / Sq Ft
10/23/2015 10/23/15 Sold $39,905 +5.0% --
09/23/2015 09/23/15 Pending -- -- --
08/10/2015 08/10/15 For Sale $38,000 -- --
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 $2,507 $123,200 $80,300 $42,900
2024 $2,507 $123,200 $80,300 $42,900
2023 $2,469 $123,200 $80,300 $42,900
2022 $2,394 $123,200 $80,300 $42,900
2021 $2,316 $123,200 $80,300 $42,900
2020 $2,282 $123,200 $80,300 $42,900
2019 $2,220 $123,200 $80,300 $42,900
2018 $2,168 $123,200 $80,300 $42,900
2017 $2,170 $123,200 $80,300 $42,900
2016 $2,140 $123,200 $80,300 $42,900
2015 $2,071 $123,200 $80,300 $42,900
2014 $2,003 $123,200 $80,300 $42,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 242388

Cape May County Association of REALTORS®

APN: 05 00450-0000-00012- 01