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161 East Pacific Avenue

161 East Pacific Avenue, Villas, NJ 08251
House in Cape May
Sold Dec 16, 2020
$165,000
$110,000 by Caliber Home Loans Inc
Mortgage
Sold Feb 24, 1995
$45,000
Local assessors in Villas, NJ have categorized 161 East Pacific Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 3,751 square feet. The linear feet between the front and back of the lot was measured at 750 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 161 East Pacific Avenue has a total of 760 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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, 161 East Pacific Avenue was last sold in Dec 4, 2020 for $165,000. According to our calculations, that's $217.11 per sqft. Prior to that sales transaction, the property was sold for $45,000 in Feb 22, 1995. Current property owners are expected to pay $1,972 in taxes per year. The property on 161 East Pacific Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $99,000. To break that down further, the land itself was valued at $68,000. While improvements to the property were assessed at a total of $31,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,751
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 500
  • Total Building Area: 760
  • Building Area: 760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.086
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: L38

Ownership

  • Current Owner : SIPPEL MARK M
  • Previous Owner : WHITE WILLIAM P
  • Previous Owner 2: WHITE JENNIFER N
  • Owner Before Previous Owner: HANNAN THOMAS

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 2.02
  • District: 05
  • Parcel: 05 00085-0000-00037
  • Block: 85
  • Lot: 37
  • Municipality: LOWER TWP
  • Latitude: 39.0284
  • Longitude: -74.9278

    Address

  • Full Address: 161 E Pacific Ave
  • Address - House Number: 161
  • Street Direction: E
  • Address - Street Name: Pacific
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Villas
  • Carrier Code: C002
  • 4-Digit Zip Code: 2633
  • Zip Code: 08251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,972

    Appraisal Valuation

  • Standard Deviation: 0.2751
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 257,293
  • High Value: 328,081
  • Low Value: 186,504

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $110,000
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Dec 16, 2020
  • First Open Lien Mortgage Loan Amount: $110,000
  • 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: $151,958
  • Market Land Value: $104,375
  • Market Improvement Value: $47,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $99,000
  • Assessed Land Value: $68,000
  • Assessed Improvements Value: $31,000

    Sales

  • Current Sale Contract Date: Dec 04, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Transaction ID: 11810185919
  • Current Sale Price: $165,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020045124
  • Previous Sale Recording Date: Feb 24, 1995
  • Previous Sale Contract Date: Feb 22, 1995
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Dec 16, 2020
  • First Mortgage Loan Amount: $110,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

About Villas



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2004 Bayshore Road, Villas, NJ, 08251 Listing by KATHLEEN HARRON

Frequently Asked Questions

What neighborhood is 161 East Pacific Avenue located in?
The 161 East Pacific Avenue is a house located in the neighborhood of Cape May in Villas, Villas.
What is the average sales price for listings in 161 East Pacific Avenue?
The average sales price for units in 161 East Pacific Avenue is $0 currently.

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