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264 Franklin Avenue

264 Franklin Avenue, Villas, NJ 08251
Property in Cape May
Sold Jun 02, 2022
$383,500
$376,553 by Home Point Financial Corporati
Mortgage Due Jun 01, 2052
Sold May 04, 2005
$229,900
$226,348 by First Magnus Financial Corp
Mortgage Due May 01, 2035
Local assessors in Villas, NJ have categorized 264 Franklin Avenue as a residential type of property. The home was built in 1995 and is 29 years old. The property's lot size has been calculated to be 8,398 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 700 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 264 Franklin Avenue has a total of 2,016 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, 264 Franklin Avenue was last sold in May 27, 2022 for $383,500. According to our calculations, that's $190.23 per sqft. Prior to that sales transaction, the property was sold for $229,900 in Apr 29, 2005. Current property owners are expected to pay $4,400 in taxes per year. The property on 264 Franklin Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $220,900. To break that down further, the land itself was valued at $80,200. While improvements to the property were assessed at a total of $140,700. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1995
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,398
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.193
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCHUBERT BRIAN K
  • Current Owner 2: SCHUBERT GREGORY PATRICIA
  • Previous Owner : DIGUGLIELMO
  • Previous Owner 2: ROSEMARY
  • Owner Before Previous Owner: KENNEDY MICHAEL P
  • Owner Before Previous Owner 2: KENNEDY MAUREEN S
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 2.04
  • District: 05
  • Parcel: 05 00191-0000-00006- 01
  • Block: 191
  • Lot: 6.01
  • Municipality: LOWER TWP
  • Latitude: 39.0219
  • Longitude: -74.9299

    Address

  • Full Address: 264 Franklin Ave
  • Address - House Number: 264
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Villas
  • Carrier Code: C007
  • 4-Digit Zip Code: 2209
  • Zip Code: 08251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,400

    Appraisal Valuation

  • Standard Deviation: 0.2572
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 483,392
  • High Value: 607,729
  • Low Value: 359,055

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $376,553
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Jun 02, 2022
  • First Open Lien Mortgage Loan Amount: $376,553
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $339,064
  • Market Land Value: $123,101
  • Market Improvement Value: $215,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $220,900
  • Assessed Land Value: $80,200
  • Assessed Improvements Value: $140,700

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Transaction ID: 11890188096
  • Current Sale Price: $383,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 18901
  • Previous Sale Recording Date: May 04, 2005
  • Previous Sale Contract Date: Apr 29, 2005
  • Previous Sale Amount: $229,900
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Jun 02, 2022
  • First Mortgage Loan Amount: $376,553
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST MAGNUS FINANCIAL CORP
  • Previous Mortgage Transaction Date: May 04, 2005
  • Previous Mortgage Loan Amount: $226,348
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: May 01, 2035

About Villas



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Frequently Asked Questions

What neighborhood is 264 Franklin Avenue located in?
The 264 Franklin Avenue is a located in the neighborhood of Cape May in Villas, Villas.
What is the average sales price for listings in 264 Franklin Avenue?
The average sales price for units in 264 Franklin Avenue is $0 currently.

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