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112 West Richmond Avenue

112 West Richmond Avenue, Wildwood, NJ 08260
House in Cape May
Sold Nov 05, 2020
$574,000
$459,200 by Citizens Bank
Mortgage
Sold Jun 02, 1994
$68,900
$120,000 by Covenat Bk For Sav
Mortgage
112 West Richmond Avenue in Wildwood, NJ was first built in 1994 and is 30 years old. This has been categorized as a residential property type. There are a total of 2 floors. 112 West Richmond Avenue has 2,038 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 800. In total, the area measurement of the land is 6,399 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 112 West Richmond Avenue sold most recently in Oct 9, 2020 for a total of $574,000. If you work out the math, that's approximately a cost of $281.65 per sqft. Before that, the property was also sold for $68,900 in May 27, 1994. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,264 in taxes each year. 112 West Richmond Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $512,200. If we break it down further, the land itself was valued at $330,200. Improvements to the property, however, were assessed at a total of $182,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,399
  • Lot Size Depth Feet: 800
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,038
  • Building Area: 2,038
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,038
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.147
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: L32

Ownership

  • Current Owner : GULLAKSEN SCOTT
  • Current Owner 2: BENSON BROOKE
  • Previous Owner : HAINES LINDA
  • Owner Before Previous Owner: VINTAGE HOMES OF CAPE MAY

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021702

Geography

  • Assessors Map Reference: TAX MAP 1208
  • District: 05
  • Parcel: 05 00701-0000-00031
  • Block: 701
  • Lot: 31
  • Municipality: LOWER TWP
  • Latitude: 38.9633
  • Longitude: -74.8546

    Address

  • Full Address: 112 W Richmond Ave
  • Address - House Number: 112
  • Street Direction: W
  • Address - Street Name: Richmond
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Wildwood
  • Carrier Code: C015
  • 4-Digit Zip Code: 1060
  • Zip Code: 08260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,264

    Appraisal Valuation

  • Standard Deviation: 0.2488
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 935,715
  • High Value: 1,168,591
  • Low Value: 702,838

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $459,200
  • First Open Lien Mortgage Lender: CITIZENS BANK
  • First Open Lien Mortgage Recording Date: Nov 05, 2020
  • First Open Lien Mortgage Loan Amount: $459,200
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $786,185
  • Market Land Value: $506,830
  • Market Improvement Value: $279,355

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,200
  • Assessed Land Value: $330,200
  • Assessed Improvements Value: $182,000

    Sales

  • Current Sale Contract Date: Oct 09, 2020
  • Current Sale Recording Date: Nov 05, 2020
  • Current Sale Transaction ID: 11802272477
  • Current Sale Price: $574,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020038815
  • Previous Sale Recording Date: Jun 02, 1994
  • Previous Sale Contract Date: May 27, 1994
  • Previous Sale Amount: $68,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIZENS BANK
  • First Mortgage Transaction Date: Nov 05, 2020
  • First Mortgage Loan Amount: $459,200
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: COVENAT BK FOR SAV
  • Previous Mortgage Transaction Date: Jun 02, 1994
  • Previous Mortgage Loan Amount: $120,000
  • Previous Mortgage Term: 360

About Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 112 West Richmond Avenue located in?
The 112 West Richmond Avenue is a house located in the neighborhood of Cape May in Cape May, Wildwood.
What is the average sales price for listings in 112 West Richmond Avenue?
The average sales price for units in 112 West Richmond Avenue is $549,000 , or $269/sqft. currently.

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