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56 East Pacific Avenue

56 East Pacific Avenue, Villas, NJ 08251
Property in Cape May
Sold Apr 30, 2021
$110,000
$177,000 by Visio Financial Services Inc
Mortgage Due Feb 01, 2053
Sold Mar 10, 2021
$75,820
$117,100 by Lendinghome Funding Corp
Mortgage
Local assessors in Villas, NJ have categorized 56 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 7,501 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod 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 56 East Pacific Avenue has a total of 970 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, 56 East Pacific Avenue was last sold in Apr 9, 2021 for $110,000. According to our calculations, that's $113.40 per sqft. Prior to that sales transaction, the property was sold for $75,820 in Dec 16, 2020. Current property owners are expected to pay $2,327 in taxes per year. The property on 56 East Pacific Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $116,800. To break that down further, the land itself was valued at $80,000. While improvements to the property were assessed at a total of $36,800. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: Cape Cod
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,501
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 970
  • Building Area: 970
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 970
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: L36,37

Ownership

  • Current Owner : SOLTERRA PROPERTIES LLC
  • Previous Owner : ARA ENTERPRISES LLC
  • Owner Before Previous Owner: KAMMER CLAUDIA R
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 1.03
  • District: 05
  • Parcel: 05 00088-0000-00035
  • Block: 88
  • Lot: 35
  • Municipality: LOWER TWP
  • Latitude: 39.029
  • Longitude: -74.931

    Address

  • Full Address: 56 E Pacific Ave
  • Address - House Number: 56
  • Street Direction: E
  • Address - Street Name: Pacific
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Villas
  • Carrier Code: C002
  • 4-Digit Zip Code: 2630
  • Zip Code: 08251

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,327

    Appraisal Valuation

  • Standard Deviation: 0.2751
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 60
  • Final Value: 246,619
  • High Value: 314,470
  • Low Value: 178,767

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $177,000
  • First Open Lien Mortgage Lender: VISIO FINANCIAL SERVICES INC
  • First Open Lien Mortgage Recording Date: Jan 12, 2023
  • First Open Lien Mortgage Loan Amount: $177,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2053

    Market Valuation

  • Market Total Value: $179,279
  • Market Land Value: $122,794
  • Market Improvement Value: $56,485

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $116,800
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $36,800

    Sales

  • Current Sale Contract Date: Apr 09, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Transaction ID: 11835366146
  • Current Sale Price: $110,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021021705
  • Previous Sale Recording Date: Mar 10, 2021
  • Previous Sale Contract Date: Dec 16, 2020
  • Previous Sale Amount: $75,820
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRICORE CAPITAL LLC
  • First Mortgage Transaction Date: Apr 30, 2021
  • First Mortgage Loan Amount: $134,325
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING CORP
  • Previous Mortgage Transaction Date: Mar 10, 2021
  • Previous Mortgage Loan Amount: $117,100
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Villas



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Frequently Asked Questions

What neighborhood is 56 East Pacific Avenue located in?
The 56 East Pacific Avenue is a located in the neighborhood of Cape May in Villas, Villas.
What is the average sales price for listings in 56 East Pacific Avenue?
The average sales price for units in 56 East Pacific Avenue is $0 currently.

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