NOT LISTED FOR SALE

1016 Stockton Ave Cape May, NJ 08204

Estimated Value: $2,411,000 - $2,801,278

5 Beds
4 Baths
2,489 Sq Ft
$1,043/Sq Ft Est. Value

Last Sold May 29, 2024

Last sale price $3,000,000 $1,205 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $14,421/month

251 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Furnished
  • Building is oceanfront but unit may not have water views
  • 1 Fireplace
  • No HOA

About This Home

As of May 2024

Ocean Views from every floor and fabulous location highlight this beach block pristine Cape May home. This home features original craftsman millwork and upgrades as well as many modern enhancements. A beautiful, classic Dutch colonial with stunning Bermuda shutters has been professionally decorated throughout the entire home by First Street Studio. Upgrades to the home include: 3 year new cedar roof, Trane, multi- zone central HVAC system, updated kitchen with hardwood floors and awnings, Solid surface countertops and stainless steel appliances, recently updated bathrooms and freshly painted coastal color rooms along with many historic details incorporated with modern amenities. Offering 5 bedrooms, 2 full, 2 half baths you will have plenty of room for family and guests. Step inside the living room with original built in bookcases, grand staircase and original woodwork and enjoy the open floor plan leading to the large dining room and spacious kitchen complete with back staircase. The sunny laundry room offers a modern half bath, additional storage and secondary entrance. The second level has a wonderful master room with hardwood floors, private bath and dressing area. This level also offers two additional large, bedrooms and a second updated full bath with granite countertops and double sink. The third floor offers two spacious bedrooms with oversized, updated, half bath. The stunning, quintessential Cape May front and back porches offer retractable awnings for enjoying your morning coffee or afternoon nap while listening to the ocean waves. The private, fenced in backyard includes mature trees, stone patio with grilling area, beautiful garden complete with fig tree, blueberry bushes, herb garden and hydrangeas along with a large lawn for those family evenings of activities. There is off street parking for 2 cars and street parking for guests. This home also offers a full basement for storing all your bikes, patio furniture, surfboards, kayaks, beach gear and gardening essentials. Just steps to Queen Street Beach, the Boardwalk, and walking distance to downtown.

Last Agent to Sell the Property

Gail Wilsey-Morrison, CRS, ABR

(609) 884-1007 Gail.Wilsey-Morrison@LongandFoster.com Long & Foster Real Estate, Inc. License #9807643 Listed on: 07/30/2023

Long & Foster Real Estate, Inc.

Last Buyer's Agent

Jeremy Bowers

(215) 370-9107 jeremycbowers@kw.com Keller Williams Main Line

Keller Williams Main Line

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,734

Year Built

  • Built in 1920

Lot Details

  • 4,896 Sq Ft Lot
  • Lot Dimensions are 40.00 x 122.40
  • Building is oceanfront but unit may not have water views
  • Property is in excellent condition
  • Property is zoned R-S

Home Design

  • Frame Construction
  • Shake Roof

Interior Spaces

  • 2,489 Sq Ft Home
  • Property has 3 Levels
  • Furnished
  • 1 Fireplace
  • Awning
  • Wood Flooring
  • Ocean Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

  • 90% Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 02-01095-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,734

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Inclusions: Partially Furnished
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2489
  • Living Area Sq Ft: 2489
  • Price Per Sq Ft: 1325.83
  • Above Grade Finished Sq Ft: 2489
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Upper Level 2 Bathrooms: 1.00
  • Main Level Half Bathrooms: 1
  • Upper Level 2 Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Awning(s), Outside Shower
  • Roof: Shake
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Paved Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 40.00 x 122.40
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4896.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Excellent
  • Zoning: R-S

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9734.00
  • Assessor Parcel Number: 02-01095-00004
  • Tax Lot: 00004
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CAPE MAY CITY SCHOOLS

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2023
Closed on
May 9, 2024
Sold by
Morabito John J and Morabito Kathleen A
Bought by
Gelb Matthew and Geib Leslie
Seller's Agent
Gail Wilsey-Morrison, CRS, ABR
Long & Foster Real Estate, Inc.
Buyer's Agent
Jeremy Bowers
Keller Williams Main Line
List Price
$3,300,000
Sold Price
$3,000,000
Premium/Discount to List
-$300,000
-9.09%
Views
1108
Current Estimated Value
$2,596,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$403,680
Avg. Annual Appreciation
-9.74%

Purchase Details

Closed on
Sep 8, 2008
Sold by
The Augustine J Rhodes Living Trust and Rhodes Augustine J
Bought by
Morabito John J and Morabito Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 2008
Sold by
Rhodes Augustine J
Bought by
The Augustine J Rhodes Living Trust

Purchase Details

Closed on
Jul 20, 1994
Sold by
Nations Bk & Trust
Bought by
Rhodes Autustine

Purchase Details

Closed on
Nov 1, 1990
Sold by
Thomsen George E Executor
Bought by
Thomsen,George E Trustee
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Gelb Matthew $3,000,000 Fidelity National Title
Gelb Matthew $3,000,000 Fidelity National Title
Morabito John J $999,000 The Title Company Of Jersey
The Augustine J Rhodes Living Trust -- None Available
Rhodes Autustine $325,000 --
Thomsen,George E Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morabito John J $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2024 05/29/24 Sold $3,000,000 -9.1% $1,205 / Sq Ft
04/06/2024 04/06/24 Pending -- -- --
07/30/2023 07/30/23 For Sale $3,300,000 -- $1,326 / Sq Ft
Source: Bright MLS

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
2025 $9,971 $943,300 $764,200 $179,100
2024 $9,971 $943,300 $764,200 $179,100
2023 $10,131 $943,300 $764,200 $179,100
2022 $9,735 $943,300 $764,200 $179,100
2021 $9,603 $943,300 $764,200 $179,100
2020 $9,150 $943,300 $764,200 $179,100
2019 $9,310 $943,300 $764,200 $179,100
2018 $8,782 $943,300 $764,200 $179,100
2017 $8,339 $943,300 $764,200 $179,100
2016 $7,848 $943,300 $764,200 $179,100
2015 $8,160 $943,300 $764,200 $179,100
2014 $8,160 $943,300 $764,200 $179,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM2002400

Bright MLS

APN: 02-01095-0000-00004