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5502 Atlantic Avenue

5502 Atlantic Avenue, Wildwood, NJ 08260
Condo in Cape May
5502 Atlantic Avenue is a condo located in Cape May, Wildwood. The lot that the building was built on is 800 feet wide and 1,125 feet long. 5502 Atlantic Avenue has a total of 2 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. There are 6 closings on record, of which we have matching data for 2 listings. In the past 3 years, a listing in this building will typically remain on the market for about 163 days and tend to sell below the original asking price of $217,277 by 0.82%. The transaction that took the longest to complete was listed on Jan 21, 2021 for $134,777. This particular unit ultimately sold 249 days later for $199,000. The most recent transaction which was first advertised on Jan 21, 2021, sold for $199,000 on Sep 27, 2021. Fun fact, the oldest transaction we have on record took place on May 01, 2020. See the full transaction history for 5502 Atlantic Avenue below.

Cape May, where 5502 Atlantic Avenue is located, has a median asking price of $377,000 for condo buildings. Meanwhile, the building itself has a median asking price of $217,277. For interested buyers, that means the building's median asking price is around 0.42% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Driveway

Driveway

Parking

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

11 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210811 Unit 4
08/11/2021
4
1 Bed
1 Bath
-
$214,900
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Jaime Steere
BLUE HOMES REAL ESTATE LLC
20210121
01/21/2021
Studio
1 Bath
-
$134,777
bedrooms
Studio
bathrooms
1 Bath
$199,000 +47.65%
09/27/2021
-
Brian T. Reed
20210121 Unit 9
01/21/2021
9
Studio
1 Bath
358 ft²
$134,777
bedrooms
Studio
bathrooms
1 Bath
square feet
358 ft²
-
-
-
-
20200221 Unit 8
02/21/2020
8
1 Bed
1 Bath
-
$177,777
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214 Unit 7
02/14/2020
7
1 Bed
1 Bath
-
$177,777
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214
02/14/2020
3 Bed
2 Bath
-
$299,777
bedrooms
3 Bed
bathrooms
2 Bath
$152,000 -49.30%
05/01/2020
Brian T. Reed
20200214 Unit 4
02/14/2020
4
1 Bed
1 Bath
-
$147,777
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214 Unit 5
02/14/2020
5
1 Bed
1 Bath
-
$147,777
bedrooms
1 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214 Unit 2TOPFLR
02/14/2020
2 Bed
1 Bath
-
$259,777
bedrooms
2 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214 Unit 3
02/14/2020
3
3 Bed
1 Bath
-
$249,777
bedrooms
3 Bed
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av
20200214 Unit 6
02/14/2020
6
Studio
1 Bath
-
$114,777
bedrooms
Studio
bathrooms
1 Bath
-
-
-
Brian Reed
LONG & FOSTER REAL ESTATE, INC av

Building Info

Overview

    General

  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,999
  • Lot Size Depth Feet: 1,125
  • Lot Size Frontage Feet: 800
  • 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: 0.207
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: ADDITIONAL LOTS: L5,6

Ownership

  • Current Owner : LODA LLC
  • Previous Owner : BAKER JANUARY M
  • Previous Owner 2: BAKER ROBERT G
  • Owner Before Previous Owner: MATTHEWS JUSTIN D
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Wildwood Crest Borough School District
  • Census Tract: 021600

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 35
  • District: 15
  • Parcel: 15 00006- 02-00004- 02
  • Block: 6.02
  • Lot: 4.02
  • Municipality: WILDWOOD CREST BORO
  • Latitude: 38.9784
  • Longitude: -74.8259

    Address

  • Full Address: 5502 Atlantic Ave
  • Address - House Number: 5502
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Wildwood
  • Carrier Code: C010
  • 4-Digit Zip Code: 4304
  • Zip Code: 08260

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $6,703
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.1192
  • Valuation Date: Oct 13, 2021
  • Confidence Score: 76
  • Final Value: 573,281
  • High Value: 641,634
  • Low Value: 504,927

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $159,000
  • First Open Lien Mortgage Lender: OCEANFIRST BANK
  • First Open Lien Mortgage Recording Date: Sep 27, 2021
  • First Open Lien Mortgage Loan Amount: $159,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2051

    Market Valuation

  • Market Total Value: $520,000
  • Market Land Value: $399,200
  • Market Improvement Value: $120,800

    Assessments Valuation

  • Assessed Year: 2020
  • Assessed Total Value: $520,000
  • Assessed Land Value: $399,200
  • Assessed Improvements Value: $120,800

    Sales

  • Current Sale Contract Date: Sep 18, 2021
  • Current Sale Recording Date: Sep 27, 2021
  • Current Sale Transaction ID: 11859376309
  • Current Sale Price: $199,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021043331
  • Previous Sale Recording Date: Sep 22, 2021
  • Previous Sale Contract Date: Sep 10, 2021
  • Previous Sale Amount: $202,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCEANFIRST BANK
  • First Mortgage Transaction Date: Sep 27, 2021
  • First Mortgage Loan Amount: $159,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Oct 01, 2051

About Wildwood Crest



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5502 Atlantic Avenue located in?
The 5502 Atlantic Avenue is a condo located in the neighborhood of Cape May in Wildwood Crest, Wildwood.
What is the average sales price for listings in 5502 Atlantic Avenue?
The average sales price for units in 5502 Atlantic Avenue is $217,277 currently.

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