NOT LISTED FOR SALE

103 S Lake Dr Cape May Point, NJ 08212

Estimated Value: $1,875,000 - $2,463,000

4 Beds
3 Baths
2,105 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $1,559,000 $741 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $12,625/month

5 Days on Market

Highlights

  • Property is near a beach
  • Island Location
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of April 2020

A few hours notice is requested for showings. Easy to show, electronic lockbox.

Last Agent to Sell the Property

Dagmer Chew

HOMESTEAD REAL ESTATE CO. INC. Listed on: 03/06/2020

Co-Listed By

Micah Yerk

deSatnick Real Estate LLC - Lower Township

Last Buyer's Agent

Brian Groetsch

RE/MAX SURFSIDE

RE/MAX SURFSIDE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,133

Year Built

  • Built in 2015

Lot Details

  • Lot Dimensions are 50x100
  • Building is beachfront but unit may not have water views
  • Fenced Yard

Home Design

  • Upside Down Style Home
  • Wood Siding

Interior Spaces

  • 2,105 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Great Room
  • Living Room
  • Dining Area
  • Den
  • Storage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 2 Car Garage
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Patio
  • Outdoor Storage

Location

  • Island Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 2 / 39

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,133

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Island
  • District Township: 03-Cape May Point
  • Near: Beach, Lake, Beach Access
  • Also Includes: See Remarks
  • Estimated Year Built: 2015
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 103
  • Listing Office2: 44
  • Lot Size2: 50x100
  • Price per Sq Ft: 740.62
  • Selling Agent1: 1540
  • Selling Office1: 612
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2015

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Security System, Storage, Walk in Closet, Tile Flooring
  • Total Bathrooms: 3.2
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 8
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2105
  • Other Rooms: Living Room, Den/TV Room, Dining Area, Laundry/Utility Room, Great Room, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Wood
  • House Color: Cedar
  • Outside Features: Patio, Fenced Yard, Storage Building, Outside Shower

Garage/Parking

  • Parking Garage: 2 Car, Stone Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 2
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 6132.63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 11, 2013
Sold by
Britt Gerald J and Britt Anita D
Bought by
Turvey Thomas Douglas and Turvey Deborah Ruth
Current Estimated Value
$2,219,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Outstanding Balance
$605,866
Interest Rate
3.62%
Mortgage Type
Construction
Estimated Equity
$1,613,941

Purchase Details

Closed on
Aug 24, 2007
Sold by
Estate Of Dorothy M Orr
Bought by
Britt Gerald J and Britt Anita D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.71%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Turvey Thomas Douglas $675,000 The Title Company Of Jersey
Britt Gerald J $770,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turvey Thomas Douglas $825,000
Previous Owner Britt Gerald J $770,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2020 04/10/20 Sold $1,559,000 +0.6% $741 / Sq Ft
03/11/2020 03/11/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $1,549,000 -- $736 / Sq Ft
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
2025 $7,474 $1,010,000 $660,000 $350,000
2024 $7,474 $1,010,000 $660,000 $350,000
2023 $7,363 $1,010,000 $660,000 $350,000
2022 $7,121 $1,010,000 $660,000 $350,000
2021 $6,532 $1,010,000 $660,000 $350,000
2020 $6,213 $998,800 $660,000 $338,800
2019 $6,133 $998,800 $660,000 $338,800
2018 $5,913 $998,800 $660,000 $338,800
2017 $5,853 $998,800 $660,000 $338,800
2016 $5,733 $998,800 $660,000 $338,800
2015 $5,210 $710,000 $710,000 $0
2014 $3,536 $710,000 $710,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 200980

Cape May County Association of REALTORS®

APN: 03-00039-0000-00002