$375,000
SOLD NOV 30, 2023

1011 Lafayette St Unit 302 Cape May, NJ 08204

1 Bed
1 Bath
548 Sq Ft
$275/mo HOA Fee

Recently Sold

$684 Per Sq Ft

21% Below List Price

345 Days on Market

Highlights

  • Island Location
  • Building Patio
  • Laundry Room
  • Corner Lot
  • Living Room
  • 4-minute walk to Cape May Kiwanis Community Park

About This Home

As of December 2024

Home Owner's insurance: $293 premium with Liberty Mutual. The quarterly condo fee for Unit 302 is currently $825. A prospective buyer should be aware that there is usually a special assessment each year for projects that are decided on at the Annual Meeting. For the past few years, the assessment was the equivalent of one quarter’s fee. There is no one time payment at purchase.

Last Agent to Sell the Property

Holly O'Donnell

COASTLINE REALTY, LLC License #1435745 Listed on: 11/07/2022

Last Buyer's Agent

Stacy Hutchinson

deSatnick Real Estate LLC - Cape May

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 1870

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 548 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Storage Room
  • Laundry Room

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating
  • Electric Water Heater

Additional Features

  • Outdoor Shower
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 60 / 1061

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,034

Year Built

Built in 1870

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island
  • District Township: 02-Cape May City
  • Near: Kiwanis Duck Pond
  • Estimated Year Built: 1870
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 1011
  • Price per Sq Ft: 684.31
  • Selling Agent1: 3720
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1870

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: Three
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1
  • Estimated Living Sq Ft: 548
  • Other Rooms: Living Room, Kitchen, Storage Space

Garage/Parking

  • Parking: Assigned Parking, Other

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Electric, Multi-Zoned
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 302
  • Common Area Features: Patio, Deck/Porch, Storage Facilities, Outside Shower, Other (See Remarks), Laundry Room
  • Condo Fees: 825.00
  • Unit Location: Corner, Other (See Remarks), Top Floor

Lot Info

  • Lot Number: 60

Tax Info

  • Taxes: 2033.96
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Dec 2, 2024
Sold by
Penman Stuart Eric and Oneill-Penman Megan Marie
Bought by
Grimes Jeremy J and Grimes Alia L
Seller's Agent
Stacy Hutchinson
deSatnick Real Estate LLC - Cape May
Buyer's Agent
James McBride
Coldwell Banker Sol Needles Real Estate
List Price
$450,000
Sold Price
$457,500
Premium/Discount to List
$7,500
1.67%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.77%

Purchase Details

Listed on
Nov 7, 2022
Closed on
Nov 30, 2023
Sold by
Sloan David and Sloan Rina
Bought by
Penman Stuart Eric and Oneill-Penman Megan Marie
Seller's Agent
Holly O'Donnell
COASTLINE REALTY, LLC
Buyer's Agent
Stacy Hutchinson
deSatnick Real Estate LLC - Cape May
List Price
$475,000
Sold Price
$375,000
Premium/Discount to List
-$100,000
-21.05%
Views
2281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.76%
Original Mortgage
$337,950
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 11, 2018
Closed on
Jun 12, 2018
Sold by
Johnson Stewart and Johnson Joan
Bought by
Sloan David and Sloan Rina
Seller's Agent
Mary Moore
COASTLINE REALTY, LLC
Buyer's Agent
Mary Moore
COASTLINE REALTY, LLC
List Price
$225,000
Sold Price
$218,900
Premium/Discount to List
-$6,100
-2.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.36%

Purchase Details

Closed on
Mar 20, 2015
Sold by
Wolansky Robert J and Wolansky Francis
Bought by
Gower Fred and Gower Lorraine

Purchase Details

Closed on
Dec 4, 2014
Sold by
Gower Fred and Gower Lorraine
Bought by
Johnsohn Stewart and Johnson Joan

Purchase Details

Closed on
Oct 14, 2000
Sold by
Linde John E
Bought by
Gower Fred and Gower Lorraine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
7.83%

Purchase Details

Closed on
Jun 23, 1999
Sold by
Herrold Glenn
Bought by
Linde John and Linde Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $457,500 Shore Title
Deed $375,500 Seaboard Title
Deed $218,900 --
Deed $310,000 Seaboard Title Agency
Deed $204,500 The Title Company Of Jersey
Deed $84,000 --
Deed $63,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $337,950 New Conventional
Previous Owner $65,600 No Value Available
Previous Owner $50,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $499,000 +9.1% --
12/02/2024 12/02/24 Sold $457,500 +1.7% $835 / Sq Ft
08/16/2024 08/16/24 Pending -- -- --
08/15/2024 08/15/24 For Sale $450,000 +20.0% $821 / Sq Ft
11/30/2023 11/30/23 Sold $375,000 -6.0% $684 / Sq Ft
10/18/2023 10/18/23 Pending -- -- --
08/13/2023 08/13/23 Price Changed $399,000 -3.9% $728 / Sq Ft
07/10/2023 07/10/23 Price Changed $415,000 -2.4% $757 / Sq Ft
06/16/2023 06/16/23 Price Changed $425,000 -5.3% $776 / Sq Ft
06/09/2023 06/09/23 Price Changed $448,800 0.0% $819 / Sq Ft
05/30/2023 05/30/23 Price Changed $448,900 0.0% $819 / Sq Ft
04/24/2023 04/24/23 Price Changed $449,000 -5.5% $819 / Sq Ft
11/07/2022 11/07/22 For Sale $475,000 +117.0% $867 / Sq Ft
06/15/2018 06/15/18 Sold $218,900 -2.7% --
05/16/2018 05/16/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $225,000 -- --
Source: Cape May County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,112 $199,800 $100,000 $99,800
2023 $2,146 $199,800 $100,000 $99,800
2022 $2,062 $199,800 $100,000 $99,800
2021 $1,972 $199,800 $100,000 $99,800
2020 $1,938 $199,800 $100,000 $99,800
2019 $1,972 $199,800 $100,000 $99,800
2018 $1,860 $199,800 $100,000 $99,800
2017 $1,766 $199,800 $100,000 $99,800
2016 $1,662 $199,800 $100,000 $99,800
2015 $1,728 $199,800 $100,000 $99,800
2014 -- $199,800 $100,000 $99,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 223446

Cape May County Association of REALTORS®

APN: 02-01061-0000-00060-0000-C-302