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115 Sheridan Drive

115 Sheridan Drive, Cape May, NJ 08204
Land in Cape May
Sold Dec 06, 2021
$385,000
$70,000 by Allied Group Mortgage Co
Mortgage
Sold Apr 07, 2021
$61,000
115 Sheridan Drive has been categorized by the local assessors in Cape May, NJ as a residential type of property. The linear feet between the front and back of the lot is 1,080 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 5,401 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 115 Sheridan Drive was last sold in Nov 5, 2021 for $385,000. Prior to that sales transaction, the property was sold for $61,000 in Mar 29, 2021. Current property owners are expected to pay $4,826 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2017. The property on 115 Sheridan Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $240,800. To break that down further, the land itself was valued at $40,300. While improvements to the property were assessed at a total of $200,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,401
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 500
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.124
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : NEVILLE PATRICIA
  • Previous Owner : SALASIN ROBERT
  • Owner Before Previous Owner: JTG GROUP LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021804

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 4.02
  • District: 05
  • Parcel: 05 00426- 02-00016
  • Block: 426.02
  • Lot: 16
  • Municipality: LOWER TWP
  • Latitude: 39.0027
  • Longitude: -74.9253

    Address

  • Full Address: 115 Sheridan Dr
  • Address - House Number: 115
  • Address - Street Name: Sheridan
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C010
  • 4-Digit Zip Code: 3843
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,826
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2333
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 516,463
  • High Value: 636,971
  • Low Value: 395,954

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $70,000
  • First Open Lien Mortgage Lender: ALLIED GROUP MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Dec 06, 2021
  • First Open Lien Mortgage Loan Amount: $70,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $369,608
  • Market Land Value: $61,857
  • Market Improvement Value: $307,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $240,800
  • Assessed Land Value: $40,300
  • Assessed Improvements Value: $200,500

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Transaction ID: 11875056471
  • Current Sale Price: $385,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021052924
  • Previous Sale Recording Date: Apr 07, 2021
  • Previous Sale Contract Date: Mar 29, 2021
  • Previous Sale Amount: $61,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALLIED GROUP MORTGAGE CO
  • First Mortgage Transaction Date: Dec 06, 2021
  • First Mortgage Loan Amount: $70,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 115 Sheridan Drive located in?
The 115 Sheridan Drive is a land located in the neighborhood of Cape May in Villas, Cape May.
What is the average sales price for listings in 115 Sheridan Drive?
The average sales price for units in 115 Sheridan Drive is $398,000 , or $267/sqft. currently.

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