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7 Eider Lane

7 Eider Lane, Cape May, NJ 08204
Property in Cape May
Sold Oct 28, 2002
$215,000
$170,000 by Gmac Mtg Corp
Mortgage
Sold Jun 17, 1997
$130,450
$110,000 by Long Island Savings Bank
Mortgage
7 Eider Lane has been categorized by the local assessors in Cape May, NJ as a residential type of property. The building on the property was first built in 1997 and is 27 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7 Eider Lane has 1,245 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 1,050 ft and across the front of the lot is 750 ft. The area measurement of the land has been determined as 7,876 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. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. 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, 7 Eider Lane sold most recently in Oct 23, 2002 for a total of $215,000. If you work out the math, that's approximately a cost of $172.69 per sqft. Before that, the property was also sold for $130,450 in Jun 13, 1997. 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 $4,292 in taxes each year. 7 Eider Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $228,000. If we break it down further, the land itself was valued at $112,100. Improvements to the property, however, were assessed at a total of $115,900. 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. 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.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,876
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,245
  • Building Area: 1,245
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,245
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SALINARD JOSEPH
  • Current Owner 2: SALINARD MARY
  • Previous Owner : TAYLOR JAMES P
  • Owner Before Previous Owner: BAY GARDENS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021805

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 6.17
  • District: 05
  • Parcel: 05 00496- 29-00094
  • Block: 496.29
  • Lot: 94
  • Municipality: LOWER TWP
  • Latitude: 38.9923
  • Longitude: -74.9308

    Address

  • Full Address: 7 Eider Ln
  • Address - House Number: 7
  • Address - Street Name: Eider
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C016
  • 4-Digit Zip Code: 5504
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,292

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 479,187
  • High Value: 602,067
  • Low Value: 356,307

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $170,000
  • First Open Lien Mortgage Lender: GMAC MTG CORP
  • First Open Lien Mortgage Recording Date: Oct 28, 2002
  • First Open Lien Mortgage Loan Amount: $170,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $349,961
  • Market Land Value: $172,064
  • Market Improvement Value: $177,897

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $228,000
  • Assessed Land Value: $112,100
  • Assessed Improvements Value: $115,900

    Exemptions

  • Veteran Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 23, 2002
  • Current Sale Recording Date: Oct 28, 2002
  • Current Sale Transaction ID: 1053647274
  • Current Sale Price: $215,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jun 17, 1997
  • Previous Sale Contract Date: Jun 13, 1997
  • Previous Sale Amount: $130,450
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GMAC MTG CORP
  • First Mortgage Transaction Date: Oct 28, 2002
  • First Mortgage Loan Amount: $170,000
  • First Mortgage Terms: 360

    Previous Mortgages

  • Previous Mortgage Lender: LONG ISLAND SAVINGS BANK
  • Previous Mortgage Transaction Date: Jun 17, 1997
  • Previous Mortgage Loan Amount: $110,000
  • Previous Mortgage Term: 360

About Cape May



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Frequently Asked Questions

What neighborhood is 7 Eider Lane located in?
The 7 Eider Lane is a located in the neighborhood of Cape May in Cape May, Cape May.
What is the average sales price for listings in 7 Eider Lane?
The average sales price for units in 7 Eider Lane is $0 currently.

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