2602 Lake Avenue

2602 Lake Avenue has been categorized by the local assessors in Wildwood, NJ as a residential type of property. The building on the property was first built in 1958 and is 66 years old. The building has a total of 2 stories. In addition, 2602 Lake Avenue has 1,092 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 800 ft and across the front of the lot is 730 ft. The area measurement of the land has been determined as 5,841 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. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note 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, 2602 Lake Avenue sold most recently in Feb 10, 1995 for a total of $59,500. If you work out the math, that's approximately a cost of $54.49 per sqft. Before that, the property was also sold for $65,000 in Sep 21, 1989. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $7,164 in taxes each year. 2602 Lake Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $244,600. If we break it down further, the land itself was valued at $151,700. Improvements to the property, however, were assessed at a total of $92,900. 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.