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3400 Atlantic Avenue

3400 Atlantic Avenue, Wildwood, NJ 08260
Commercial in Cape May
1 Units For Sale
Unit for sale at 3400 Atlantic, Wildwood, NJ 08260

$11,799,000

  • Commercial
3400 Atlantic, Wildwood, NJ 08260 Listing by Fredric (Fred) DiAntonio, CCIM, GRI

Local assessors in Wildwood, NJ have categorized 3400 Atlantic Avenue as a commercial type of property. The home was built in 1974 and is 50 years old. The property's lot size has been calculated to be 28,000 square feet. The linear feet between the front and back of the lot was measured at 1,400 ft and the front of the lot was measured at 2,000 ft. This is a 5 story home so residents will need to have climb at least one set of stairs on a daily basis.

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 concrete block control joints. Lots of concrete block were used in the construction of the exterior walls of the home. 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, 3400 Atlantic Avenue sold most recently in May 4, 2007 for a total of $5,925,000. 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 $171,001 in taxes each year. 3400 Atlantic Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $5,420,000. If we break it down further, the land itself was valued at $1,450,000. Improvements to the property, however, were assessed at a total of $3,970,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.

Building Features

Exterior

Concrete Exterior
Metal Exterior

Parking

Assigned Parking
Off Street Parking
This property description is generated based on publicly available data.

3 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20201104
11/04/2020
Loft
-
-
$8,499,000
bedrooms
Loft
bathrooms
-
-
-
-
Fredric (Fred) DiAntonio, CCIM, GRI
SHORE POINTS REALTY
20191111
11/11/2019
Studio
-
-
$9,499,000
bedrooms
Studio
bathrooms
-
-
-
-
-
20181201
12/01/2018
Studio
-
-
$9,499,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Exterior Walls Type: Concrete block
  • Floor Count: 5
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 28,000
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 2,000
  • 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: Commercial
  • Land Acres: 0.643
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : CALMSEA PROPERTIES LLC
  • Previous Owner : BEACH TERRACE MOTOR INN INC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wildwood City School District
  • Census Tract: 021400

Zoning

  • Zoning: TE

Geography

  • Assessors Map Reference: TAX MAP 37
  • Account Number: 00063500
  • District: 14
  • Parcel: 14 00186-0000-00001
  • Block: 186
  • Lot: 1
  • Municipality: WILDWOOD CITY
  • Latitude: 38.9885
  • Longitude: -74.8122

    Address

  • Full Address: 3400 Atlantic Ave
  • Address - House Number: 3400
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Wildwood
  • Carrier Code: C019
  • 4-Digit Zip Code: 4804
  • Zip Code: 08260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $171,001

    Market Valuation

  • Market Total Value: $8,239,586
  • Market Land Value: $2,204,317
  • Market Improvement Value: $6,035,269

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,420,000
  • Assessed Land Value: $1,450,000
  • Assessed Improvements Value: $3,970,000

    Sales

  • Current Sale Contract Date: May 04, 2007
  • Current Sale Recording Date: May 11, 2007
  • Current Sale Transaction ID: 1191755109
  • Current Sale Price: $5,925,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0381

    Last Sale Mortgage

  • First Mortgage Lender: CREST SAVINGS BANK
  • First Mortgage Transaction Date: May 11, 2007
  • First Mortgage Loan Amount: $3,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial
  • Second Mortgage Lender: BEACH TERRACE MOTOR INN INC
  • Second Mortgage Transaction Date: May 11, 2007
  • Second Mortgage Loan Amount: $1,500,000
  • Second Mortgage Terms: 360
  • Second Mortgage Loan Type: Stand Alone Second

About Wildwood




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Nearby Rentals

Unit for rent at 101 E Oak, Wildwood, NJ, 08260

$2,800 /mo

  • 3 Beds
  • 1.5 Baths
101 E Oak, Wildwood, NJ, 08260 Listing by LYNDA GREAVES

Frequently Asked Questions

What neighborhood is 3400 Atlantic Avenue located in?
The 3400 Atlantic Avenue is a commercial located in the neighborhood of Cape May in Wildwood, Wildwood.
How many listings are currently for sale in 3400 Atlantic Avenue?
This is a single-family home. The property is currently on the market for sale.
What is the average sales price for listings in 3400 Atlantic Avenue?
The average sales price for units in 3400 Atlantic Avenue is $11,799,000 currently.

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