NOT LISTED FOR SALE

5501 Atlantic Ave Unit 106 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $797,154 - $951,000

4 Beds
2 Baths
-- Sq Ft
$456/mo HOA Fee

Last Sold August 30, 2021

Last sale price $660,000

Est. 34% increase in value since last sale

Current estimated payment $5,545/month

42 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Community Pool
  • Property is near a beach
  • Furnished
  • 4-minute walk to Scoop taylor memorial park

About This Home

As of August 2021

The 4th bedroom is the Den with French Doors off the kitchen area. A detailed list of scheduled rentals for this coming 2021 season upon request. There is a 3 month Capital Contribution payable by buyer at closing.

Last Agent to Sell the Property

Debra D'Acqua

CENTURY 21 ALLIANCE wc Listed on: 03/30/2021

Last Buyer's Agent

Jessica Lees

LEES REAL ESTATE License #9803301

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,796

Year Built

  • Built in 2006

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard

HOA Fees

  • $456 Monthly HOA Fees

Interior Spaces

  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Den
  • Storage Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 3-21 / 6

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,796

Year Built

Built in 2006

Lot Details

0

HOA Fees

$456 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Water View
  • District Township: 15-Wildwood Crest
  • Also Includes: Blinds, Rugs, Furniture
  • Estimated Year Built: 2006
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • New Construction: No
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 2006

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Dining Area, Pantry, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Garage, 2 Car, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Elevator, Patio, Deck/Porch, Fenced Yard, Storage Facilities, Cable TV, Outside Shower, Pool, Whirlpool/Spa
  • Condo Fees: 456.00
  • Unit Features: Wall To Wall Carpet, Tile Floors
  • Unit Location: Water View

Lot Info

  • Lot Number: 3-21

Tax Info

  • Taxes: 4796.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Aug 30, 2021
Sold by
Labate and Rosanne
Bought by
Desessa Michael and Desessa Sarah
Seller's Agent
Debra D'Acqua
CENTURY 21 ALLIANCE wc
Buyer's Agent
Jessica Lees
LEES REAL ESTATE
List Price
$695,000
Sold Price
$660,000
Premium/Discount to List
-$35,000
-5.04%
Current Estimated Value
$883,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,289
Avg. Annual Appreciation
7.06%
Original Mortgage
$528,000
Outstanding Balance
$479,724
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$403,565

Purchase Details

Closed on
Mar 24, 2006
Sold by
Holiday Developer Inc
Bought by
Labate Thomas and Labate Rosanne
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
Desessa Michael $660,000 Monzo Catanese Hillegass Pc
Labate Thomas $569,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desessa Michael $528,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2021 08/30/21 Sold $660,000 -5.0% --
05/11/2021 05/11/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $695,000 -- --
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 $5,310 $372,100 $190,000 $182,100
2024 $5,310 $372,100 $190,000 $182,100
2023 $5,232 $372,100 $190,000 $182,100
2022 $5,083 $372,100 $190,000 $182,100
2021 $4,934 $372,100 $190,000 $182,100
2020 $4,796 $372,100 $190,000 $182,100
2019 $4,759 $372,100 $190,000 $182,100
2018 $4,681 $372,100 $190,000 $182,100
2017 $4,588 $372,100 $190,000 $182,100
2016 $4,443 $372,100 $190,000 $182,100
2015 $4,376 $372,100 $190,000 $182,100
2014 $4,279 $372,100 $190,000 $182,100
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Debra D'Acqua

    CENTURY 21 ALLIANCE wc

  • J

    Buyer's Agent in 2021

    Jessica Lees

    LEES REAL ESTATE

    (609) 723-5087

    193 in this area

    203 Total Sales

    Jessica Lees
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 211198

Cape May County Association of REALTORS®

APN: 15-00006-03-00021-0000-C0106

New Jersey Cape May County Wildwood 08260 The Wildwoods

5501 Atlantic Ave Unit 106, Wildwood, NJ

Not Listed for Sale

Condos

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