NOT LISTED FOR SALE

Estimated Value: $895,000 - $1,137,000

3 Beds
3 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold November 15, 2016

Last sale price $475,000

Est. 109% increase in value since last sale

Current estimated payment $6,148/month

244 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Wood Flooring
  • Furnished
  • Island Location
  • Corner Lot
  • Fenced Yard

About This Home

As of November 2016

This bay block home sits one unit from the bay overlooking Jarvis Sound. Enjoy the summer breezes and vibrant sunsets while relaxing on the low maintenance covered porch. This property is conveniently located minutes from the Wildwood Boardwalk, beaches, recreational boating, and all of the finest restaurants and shopping that the Victorian Cape May island has to offer. No detail has been overlooked in the 1,858 square feet of well maintained living space. When you enter the main door you are welcomed by an open living area that allows for plenty of friends and family to gather. This home is being conveyed fully furnished less personal items (see exclusion list). The kitchen offers a natural gas range, ample space for preparing food, entertaining, and plenty of storage. The first level also features a full bath, dining area with direct access to the rear deck, interior access to the garage with automatic garage door opener And additional refrigerator and so much more. As you head up the staircase you are greeted by two large bedrooms, an additional bath, and the master suite. The master bedroom boasts a spacious on-suite, two separate closets, one walk-in and an oversized double slider and additional storage. The exterior offers maintenance free vinyl siding, spacious rear deck, stone yard, storage building, vinyl surround outdoor shower for those sandy toes, off street parking and plenty of entertaining space. Don't miss out on this one. The interior and exterior of this home showcases the owner's pride. This home was utilized as a family vacation home and was never rented to the public. Its condition speaks for itself! Owner installing new granite counter tops in the kitchen along with an under-mount sink on August 28th. Adjacent Bay front unit also available at 103 E. Austin. MLS# 165010

Last Agent to Sell the Property

April Vanaman

LONG & FOSTER REAL ESTATE, INC cm Listed on: 02/15/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,380

Year Built

  • Built in 2001

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard

Interior Spaces

  • 2-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener
  • Driveway

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Outdoor Shower
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 16 / 712

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,380

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Location: Bay Front, Island, Water Front, Water View
  • District Township: 05-Lower Township
  • Also Includes: Drapes, Curtains, Blinds, Rugs, Furniture, Partial Furniture
  • Estimated Year Built: 2001
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2001

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 3
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Space

Garage/Parking

  • Parking: Auto Door Opener, Garage, Parking Pad, Attached, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Patio, Deck/Porch, Fenced Yard, Storage Facilities, Cable TV, Outside Shower
  • Unit Features: Hardwood Floors
  • Unit Location: Corner

Lot Info

  • Lot Number: 16
  • Total Assessment: 464600

Tax Info

  • Taxes: 7379.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2016
Closed on
Nov 15, 2016
Sold by
Galo Felix and Galo Lisa D
Bought by
Draper Matthew F and Draper Pamela V
Seller's Agent
April Vanaman
LONG & FOSTER REAL ESTATE, INC cm
List Price
$528,888
Sold Price
$475,000
Premium/Discount to List
-$53,888
-10.19%
Current Estimated Value
$991,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,600
Avg. Annual Appreciation
8.74%
Original Mortgage
$380,000
Outstanding Balance
$307,180
Interest Rate
3.47%
Mortgage Type
New Conventional
Estimated Equity
$684,420

Purchase Details

Closed on
Sep 15, 2004
Sold by
Raniszewski William J and Raniszewski Mary A
Bought by
Galo Felix and Galo Lisa D

Purchase Details

Closed on
Jul 13, 2001
Sold by
Pelican Development Inc
Bought by
Raniszewski William J and Raniszewski Mary A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.2%
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
Draper Matthew F -- None Available
Galo Felix $470,000 The Title Company Of Jersey
Raniszewski William J $239,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Draper Matthew F $380,000
Previous Owner Raniszewski William J $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2016 11/15/16 Sold $475,000 -10.2% --
10/16/2016 10/16/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $528,888 -- --
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 $8,934 $439,000 $209,000 $230,000
2024 $8,934 $439,000 $209,000 $230,000
2023 $8,798 $439,000 $209,000 $230,000
2022 $8,530 $439,000 $209,000 $230,000
2021 $8,253 $439,000 $209,000 $230,000
2020 $8,130 $439,000 $209,000 $230,000
2019 $7,911 $439,000 $209,000 $230,000
2018 $7,726 $439,000 $209,000 $230,000
2017 $7,731 $439,000 $209,000 $230,000
2016 $7,625 $439,000 $209,000 $230,000
2015 $7,810 $464,600 $209,000 $255,600
2014 $7,554 $464,600 $209,000 $255,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168515

Cape May County Association of REALTORS®

APN: 05-00712-0000-00016-0000-C-105