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Off market
  • $1,333,400

    405 E 7th Ave, North Wildwood, NJ 08260

    --beds
    0baths
    3,344sqft
    MultiFamily
    Built in 1960
    -- sqft lot
    $1,333,400 Zestimate®
    $399/sqft
    $2,054 Estimated rent

    Home value

    $1,333,400

    $1.17M - $1.51M

    $2,054/mo

    Zestimate® history
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    $8,491/mo

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    What's special

    HUGE PRICE REDUCTION!! This large and beautifully Rehabbed Multiplex consists of two separate buildings that have been beautifully redone with a prime location just 1.5 blocks from the free beaches of North Wildwood, walking distance to the pub district and many restaurants and entertainment. Boasting a total square footage for all combined units of 3,200 s.f. of living space exclusive of decks and storage/utility areas. Starting with the Beautiful front house that can accommodate two families with ease the space includes two complete living and sleeping spaces, with great rooms, wet bar, kitchen with stainless appliances, beautiful countertops and backsplash, porch on the first level and a large 2nd floor deck - the front house is open and airy. New Pergo flooring throughout, completely remodeled baths, lots of new windows, new heat pump/ac unit. The front house rents for $25K to $30K for the season and is coming completely furnished including a new washer and dryer. Moving to the back building, there are two completely redone identical efficiency units on the first floor - both with full kitchens with stainless appliances, granite countertops, remodeled bath new flooring and crown molding - equipped with flat screen TV that can be viewed from anywhere in the units and coming completely furnished. The efficiency units rent for $7,000 per season per unit. 2nd floor is the larger unit in the back building and has 2 bedrooms, new pergo flooring, complete stainless steel appliances in kitchen, granite countertop, a new HVAC system (heat pump with c/a) and newly remodeled bath and is also coming completely furnished. This large 2nd floor unit rents for $13,000 per season. There is a nice yard to share and 2 outdoor showers. All units have outdoor decks for the tenants enjoyment. The off-street parking is for the front house only, however there is a loading and unloading spot for all tenants to use. Estimate of $55 to $60K rental income for the season. Too many other upgrades to mention. Must see to appreciate.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Heat pump
    Cooling
    • Central, Wall
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator
    Features
    • Basement: Crawl Space
    Interior area
    • Total interior livable area: 3,344 sqft

    Property

    Parking
    • Total spaces: 3
    Features
    • Exterior features: Cement / Concrete
    Lot
    • Size: 3,998 Square Feet
    Details
    • Parcel number: 0700307000000021

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: City

    Community & HOA

    Location
    • Region: North Wildwood

    Financial & listing details

    • Price per square foot: $399/sqft
    • Tax assessed value: $642,500
    • Annual tax amount: $9,972

    Price history

    DateEventPrice
    12/27/2017Sold$650,000-7.1%$194/sqft
    Source: Public Record Report a problem
    9/1/2017Price change$699,900-11.4%$209/sqft
    Source: DON MARTIN REALTY, INC #175270 Report a problem
    3/20/2017Listed for sale$789,900+100%$236/sqft
    Source: DON MARTIN REALTY, INC #175270 Report a problem
    4/16/2016Listing removed$30,000$9/sqft
    Source: PBM Properties, LLC Report a problem
    1/28/2016Listed for rent$30,000$9/sqft
    Source: PBM Properties, LLC Report a problem
    5/8/2015Sold$395,000+348.9%$118/sqft
    Source: Public Record Report a problem
    4/8/1997Sold$88,000$26/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,972 $642,500
    2024$9,972 +2.2%$642,500
    2023$9,760 +8.4%$642,500
    2022$9,001 +3.7%$642,500
    2021$8,680 +3.4%$642,500
    2020$8,391 +36.3%$642,500
    2019$6,158 $642,500
    2018$6,158 -21.3%$642,500
    2017$7,826 +18.9%$642,500
    2016$6,581 +2.5%$642,500 +10.1%
    2015$6,423 +2.1%$583,400
    2014$6,289 +0.4%$583,400
    2013$6,266 +0.2%$583,400
    2012$6,254 -1.4%$583,400
    2011$6,343 +3.6%$583,400 -22.3%
    2010$6,125 +3.9%$750,600
    2009$5,892 +7.5%$750,600
    2008$5,479 +4.3%$750,600
    2007$5,254 $750,600
    2006-- --
    2005-- $140,500
    2004$2,980 $140,500
    2003-- $140,500
    2002-- $140,500
    2001-- $140,500
    Find assessor info on the county website

    Neighborhood: 08260

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,333,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,333,400