NOT LISTED FOR SALE

5501 Atlantic Ave Unit 307 Wildwood, NJ 08260

The Wildwoods Neighborhood

Estimated Value: $884,000 - $962,000

4 Beds
2 Baths
1,524 Sq Ft
$456/mo HOA Fee

Last Sold October 24, 2022

Last sale price $799,000 $524 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,794/month

23 Days on Market

Highlights

  • Water Views
  • Island Location
  • Furnished
  • Property is near a beach
  • Corner Lot
  • 4-minute walk to Scoop taylor memorial park

About This Home

As of October 2022

Schedule showings on www.ShowingTime.com. Breakdown of rentals and income for 2022 is in associated documents.

Last Agent to Sell the Property

Jessica Lees

LEES REAL ESTATE License #9803301 Listed on: 06/28/2022

Last Buyer's Agent

Tracy Neri

KELLER WILLIAMS REALTY JERSEY SHORE wc License #13299285

KELLER WILLIAMS REALTY JERSEY SHORE wc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,329

Year Built

  • Built in 2006

Lot Details

  • 44

HOA Fees

  • $456 Monthly HOA Fees

Interior Spaces

  • 1,524 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Location

  • Island Location

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 21 / 6.03

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,329

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: Corner, Island, Water View
  • District Township: 15-Wildwood Crest
  • Near: Beach
  • Also Includes: Curtains, Blinds, Furniture
  • Estimated Year Built: 2006
  • 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, 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: 1524
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: 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, Cable TV, Outside Shower, Pool
  • Condo Fees: $456/mo.
  • Unit Features: Fireplace, Wall To Wall Carpet, Laminate Fooring
  • Unit Location: Top Floor, Water View

Lot Info

  • Lot Number: 21
  • Zoning: M-1C

Tax Info

  • Taxes: 5329.19
  • Tax Year: 2021-2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Sep 15, 2022
Sold by
Ferrante Richard and Ferrante Diana
Bought by
Zaki Mario and Zaki Nancy
Seller's Agent
Jessica Lees
LEES REAL ESTATE
Buyer's Agent
Tracy Neri
KELLER WILLIAMS REALTY JERSEY SHORE wc
List Price
$825,000
Sold Price
$799,000
Premium/Discount to List
-$26,000
-3.15%
Current Estimated Value
$923,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,911
Avg. Annual Appreciation
4.77%
Original Mortgage
$474,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2021
Sold by
Stephen Foley
Bought by
Ferrante Richard and Ferrante Diana

Purchase Details

Closed on
Mar 13, 2013
Sold by
Demasi Greg and Garcia John R
Bought by
Foley Stephen and Turrisi John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,400
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 10, 2008
Sold by
Holiday Developer Inc
Bought by
Demasi Greg and Garcia John R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zaki Mario $799,000 Bespoke Title And Settlement S
Ferrante Richard $122,000 Shore Title
Foley Stephen $413,000 Shore Title Agency Inc
Demasi Greg $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zaki Mario $474,000
Previous Owner Foley Stephen $330,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2022 10/24/22 Sold $799,000 -3.2% $524 / Sq Ft
09/25/2022 09/25/22 For Sale $825,000 0.0% $541 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $825,000 -- $541 / 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 $5,735 $401,900 $210,000 $191,900
2024 $5,735 $401,900 $210,000 $191,900
2023 $5,651 $401,900 $210,000 $191,900
2022 $5,490 $401,900 $210,000 $191,900
2021 $5,329 $401,900 $210,000 $191,900
2020 $5,180 $401,900 $210,000 $191,900
2019 $5,140 $401,900 $210,000 $191,900
2018 $5,056 $401,900 $210,000 $191,900
2017 $4,955 $401,900 $210,000 $191,900
2016 $4,799 $401,900 $210,000 $191,900
2015 $4,726 $401,900 $210,000 $191,900
2014 $4,622 $401,900 $210,000 $191,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jessica Lees

    LEES REAL ESTATE

    (609) 723-5087

    193 in this area

    203 Total Sales

    Jessica Lees
    Section Image
  • Tracy Neri

    Buyer's Agent in 2022

    Tracy Neri

    KELLER WILLIAMS REALTY JERSEY SHORE wc

    (609) 972-9438

    41 in this area

    61 Total Sales

    Tracy Neri
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 222050

Cape May County Association of REALTORS®

APN: 15-00006-03-00021-0000-C0307

New Jersey Cape May County Wildwood 08260 The Wildwoods

5501 Atlantic Ave Unit 307, Wildwood, NJ

Not Listed for Sale

Condos

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