NOT LISTED FOR SALE

1040 New York Ave Cape May, NJ 08204

Cape May Area

Estimated Value: $2,640,000 - $2,644,315

2.46 Acres
$1,074,048 Price per Acre
107,158 Sq Ft Lot

Sale Details

Date Sold: November 27, 2024

Last sale price $2,450,000 $2,320 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $15,134 / mo

11 Days on Market

About This Lot

As of November 2024

This home is located at 1040 New York Ave, Cape May, NJ 08204 since 14 October 2024 and is currently estimated at $2,642,158, approximately $2,502 per square foot. 1040 New York Ave is a home located in Cape May County.

Last Agent to Sell the Property

Brian Groetsch

RE/MAX SURFSIDE License #0451111 Listed on: 10/14/2024

RE/MAX SURFSIDE

Co-Listed By

Christine Lynn

RE/MAX SURFSIDE License #0336886

Last Buyer's Agent

Gail Wilsey-Morrison, CRS, ABR

LONG & FOSTER REAL ESTATE, INC cm

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,346

Lot Details

  • Lot Dimensions are 107x125
  • Interior Lot
  • Level Lot
  • Property is zoned R-2

Listing and Financial Details

  • Legal Lot and Block 23-25 / 1102

Property Details

Property Type

Land

Est. Annual Taxes

$7,346

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Inside Lot
  • District Township: 02-Cape May City
  • Near: Beach
  • Beach Proximity: 2 Blocks
  • Listing Office2: 858
  • Lot Size2: 107x125
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 107

Lot Info

  • Lot Number: 23-25
  • Lot Size: 10000 to 20000 SqFt
  • Zoning: R-2
  • Improvements: Paved Road, Curb, Sidewalk, Gas, Electric, Water, Sewer
  • Topography: Level
  • Zoning: Residential

Tax Info

  • Taxes: 7346.15
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Nov 26, 2024
Sold by
Bought by
Seller's Agent
Brian Groetsch
RE/MAX SURFSIDE
Buyer's Agent
Gail Wilsey-Morrison, CRS, ABR
LONG & FOSTER REAL ESTATE, INC cm
List Price
$2,450,000
Sold Price
$2,450,000
Views
2
Current Estimated Value
$2,642,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,158
Avg. Annual Appreciation
4.60%

Purchase Details

Closed on
May 4, 2021
Sold by
Bought by

Purchase Details

Closed on
Dec 28, 2020
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2009
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2008
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Cape May, NJ

  • Courtney Romberger Real Estate Agent - JERSEY CAPE REALTY

    Courtney Romberger

    JERSEY CAPE REALTY

    (609) 780-9248

    63 Total Sales

    7 in Cape May

    $435K - $2.1M Price Range

    Courtney Romberger
     Section Image
  • Christopher Ferzoco Real Estate Agent - KELLER WILLIAMS REALTY JERSEY SHORE - SIC

    Christopher Ferzoco

    KELLER WILLIAMS REALTY JERSEY SHORE - SIC

    (855) 635-3436

    203 Total Sales

    3 in Cape May

    $480K - $2.5M Price Range

    Christopher Ferzoco
     Section Image
  • Debbie Particelli Real Estate Agent - Compass RE

    Debbie Particelli

    Compass RE

    (610) 510-6783

    42 Total Sales

    1 in Cape May

    $1,925,000 Price

    Debbie Particelli
     Section Image
  • Bradley Vogdes Real Estate Agent - ATLANTIS REALTY

    Bradley Vogdes

    ATLANTIS REALTY

    (609) 849-3780

    98 Total Sales

    3 in Cape May

    $760K - $2.2M Price Range

    Bradley Vogdes
     Section Image
  • Fredric Spackman Real Estate Agent - Cape May County Real Estate Brokers, LLC

    Fredric Spackman

    Cape May County Real Estate Brokers, LLC

    (609) 913-3008

    50 Total Sales

    5 in Cape May

    $515K - $1.6M Price Range

    Fredric Spackman
     Section Image
  • Francis Jannotta Real Estate Agent - COASTAL ELITE REALTY

    Francis Jannotta

    COASTAL ELITE REALTY

    (609) 542-2738

    87 Total Sales

    2 in Cape May

    $560K - $1.4M Price Range

    Francis Jannotta
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,450,000 Infinity Title
$1,525,000 Shore Title
-- None Available
-- None Available
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/27/2024 11/27/24 Sold $2,450,000 0.0% $2,320 / Sq Ft
10/25/2024 10/25/24 Pending -- -- --
10/14/2024 10/14/24 For Sale $2,450,000 -- $2,320 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,346 $645,500 $645,500
2025 $7,346 $645,500 $645,500
2024 $7,346 $695,000 $645,500 $49,500
2023 $7,464 $695,000 $645,500 $49,500
2022 $7,172 $695,000 $645,500 $49,500
2021 $7,075 $695,000 $645,500 $49,500
2020 $6,742 $695,000 $645,500 $49,500
2019 $6,860 $695,000 $645,500 $49,500
2018 $6,470 $695,000 $645,500 $49,500
2017 $6,144 $695,000 $645,500 $49,500
2016 $5,782 $695,000 $645,500 $49,500
2015 $6,012 $695,000 $645,500 $49,500
2014 $6,012 $695,000 $645,500 $49,500
Source: Public Records

Agents Affiliated with this Home

  • Brian Groetsch Real Estate Agent - RE/MAX SURFSIDE

    Seller's Agent in 2024

    Brian Groetsch

    RE/MAX SURFSIDE

    (609) 972-6339

    111 Total Sales

    Brian Groetsch
    Section Image
  • Christine Lynn Real Estate Agent - RE/MAX SURFSIDE

    Seller Co-Listing Agent in 2024

    Christine Lynn

    RE/MAX SURFSIDE

    (609) 780-7344

    95 Total Sales

    Christine Lynn
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 243078

Cape May County Association of REALTORS®

APN: 02-01102-0000-00023

New Jersey Cape May County Cape May 08204

1040 New York Ave, Cape May, NJ

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Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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