$70,000
SOLD FEB 8, 2016

7 Locust Rd Villas, NJ 08251

3 Beds
1 Bath
1,012 Sq Ft
2.3 Acres

Recently Sold

$69 Per Sq Ft

18% Below List Price

58 Days on Market

Highlights

  • Fenced Yard
  • Detached Garage
  • Laundry Room

About This Home

As of November 2020

2 story with large fenced yard. Offered for sale strictly AS IS. No Seller or Listing agent war/guar. Buyer responsible for all costs & inspections related to Lender certs, C/O, utilities, etc. All offers must be submitted by the Buyers Agent via OfferSubmission.com. (1120985) Buyer pays $300 fee at closing. No Paperwork required until offer accepted.

Last Agent to Sell the Property

Adam Palmisciano

BALSLEY LOSCO REAL ESTATE Listed on: 11/12/2015

BALSLEY LOSCO REAL ESTATE

Co-Listed By

Sharon Palmisciano

BALSLEY LOSCO REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1950

Parking

  • Detached Garage

Interior Spaces

  • 1,012 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Fenced Yard
  • Well

Listing and Financial Details

  • Legal Lot and Block 25 / 252

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,322

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • Estimated Year Built: 1950
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 7
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1012
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Construction: Two Story
  • Outside Features: Fenced Yard

Garage/Parking

  • Parking Garage: Garage, Detached

Utilities

  • Sewer: City
  • Water: Well

Lot Info

  • Lot Number: 25
  • Lot Size: 100x100
  • Total Assessment: 143600
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: 2322
  • Assessor Parcel Number: 05002520000000250000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2020
Closed on
Nov 17, 2020
Sold by
Osmundsen Gary
Bought by
Gassler Kerry and Dickson Kelley
Seller's Agent
Thomas Shagren
JERSEY CAPE REALTY
Buyer's Agent
Courtney Romberger
JERSEY CAPE REALTY
List Price
$289,000
Sold Price
$265,000
Premium/Discount to List
-$24,000
-8.3%
Current Estimated Value
$404,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,919
Avg. Annual Appreciation
8.89%

Purchase Details

Listed on
Nov 12, 2015
Closed on
Feb 8, 2016
Sold by
Pnc Bank Na
Bought by
Osmundsen Gary
Seller's Agent
Adam Palmisciano
BALSLEY LOSCO REAL ESTATE
List Price
$85,600
Sold Price
$70,000
Premium/Discount to List
-$15,600
-18.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.96%

Purchase Details

Closed on
Sep 29, 2015
Sold by
Barnes Robert T and Barnes Sandra M
Bought by
Pnc Mortgage

Purchase Details

Closed on
Jul 29, 2009
Sold by
Mccloskey Joann E
Bought by
Barnes Robert T and Barnes Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,240
Interest Rate
5.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 29, 2003
Sold by
Starynski Mae F
Bought by
Mccloskey Joann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.02%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $265,000 Misc Company
Special Warranty Deed $70,000 None Available
Sheriffs Deed -- Attorney
Bargain Sale Deed $162,000 The Title Company Of Jersey
Deed $145,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $165,240 Purchase Money Mortgage
Previous Owner $100,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $265,000 -8.3% $262 / Sq Ft
10/25/2020 10/25/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $289,000 +312.9% $286 / Sq Ft
02/08/2016 02/08/16 Sold $70,000 -18.2% $69 / Sq Ft
01/09/2016 01/09/16 Pending -- -- --
11/12/2015 11/12/15 For Sale $85,600 -- $85 / 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 $2,906 $143,600 $90,000 $53,600
2024 $2,906 $143,600 $90,000 $53,600
2023 $2,861 $143,600 $90,000 $53,600
2022 $2,776 $143,600 $90,000 $53,600
2021 $2,689 $143,600 $90,000 $53,600
2020 $2,645 $143,600 $90,000 $53,600
2019 $2,582 $143,600 $90,000 $53,600
2018 $2,523 $143,600 $90,000 $53,600
2017 $2,523 $143,600 $90,000 $53,600
2016 $2,489 $143,600 $90,000 $53,600
2015 $2,410 $143,600 $90,000 $53,600
2014 $2,322 $143,600 $90,000 $53,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Thomas Shagren

    JERSEY CAPE REALTY

    (609) 774-1425

    17 in this area

    101 Total Sales

    Thomas Shagren
    Section Image

  • C

    Buyer's Agent in 2020

    Courtney Romberger

    JERSEY CAPE REALTY

    (609) 741-5278

    20 in this area

    70 Total Sales

    Courtney Romberger
    Section Image

  • A

    Seller's Agent in 2016

    Adam Palmisciano

    BALSLEY LOSCO REAL ESTATE

    Section Image
  • Sharon Palmisciano

    Seller Co-Listing Agent in 2016

    Sharon Palmisciano

    BALSLEY LOSCO REAL ESTATE

    (609) 703-1358

    5 in this area

    52 Total Sales

    Sharon Palmisciano
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 167162

Cape May County Association of REALTORS®

APN: 05-00252-0000-00025

New Jersey Cape May County Villas 08251

7 Locust Rd, Villas, NJ

This home is located at 7 Locust Rd, Villas, NJ 08251 and is currently priced at $70,000, approximately $69 per square foot. This property was built in 1950. 7 Locust Rd is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick School, and Maud Abrams School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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