NOT LISTED FOR SALE

108 1st Ave Cape May, NJ 08204

Estimated Value: $2,562,718 - $3,987,000

4 Beds
3 Baths
-- Sq Ft
0.27 Acres

Last Sold August 01, 2016

Last sale price $1,625,000

Est. 108% increase in value since last sale

Current estimated payment $19,684/month

57 Days on Market

Highlights

  • Water Views
  • Deck
  • Great Room
  • Island Location
  • Wood Flooring
  • Screened Porch

About This Home

As of August 2016

Stellar ocean views and captivating sunsets abound from this 4 BR/3.BA custom New Construction offering by Paul Burgin Builders, just 1.5 short blocks to The Cove Beach. This stunning home offers luxury finishes including hardwood and tile flooring; tiled bathroom shower surrounds; chef's kitchen; 4 decks; and an elevator which accesses all levels. Level one offers a foyer; 2 car garage; and spacious storage room with windows. Level two consists of a junior suite with private bathroom; two additional bedrooms with shared "Jack and Jill" bathroom; and a deck which overlooks First Avenue. Level three boasts an open floor plan with the living, dining, and kitchen areas. The kitchen offers custom cabinetry; granite and marble counters; stainless steel appliances; center island; and screened rear porch. The living room includes a gas fireplace with custom mantle along with custom built-in shelving. The master suite encompasses level four along with a private sitting room and deck.

Last Agent to Sell the Property

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877 Listed on: 05/06/2016

Co-Listed By

Todd deSatnick

deSatnick Real Estate LLC - Cape May License #9806297

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,267

Year Built

  • Built in 2016

Lot Details

  • Interior Lot
  • Sprinkler System

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Gas Fireplace
  • Great Room
  • Living Room
  • Dining Area
  • Screened Porch
  • Storage
  • Laundry Room
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

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

Outdoor Features

  • Outdoor Shower
  • Deck

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 2 / 1015

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,267

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Island, Water View
  • District Township: 02-Cape May City
  • Near: The Cove
  • Estimated Year Built: 2016
  • Beach Proximity: 2 Blocks
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2016

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Elevator, Fireplace- Gas, Wood Flooring, Kitchen Center Island, Storage, Walk in Closet, Tile Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 11
  • Other Rooms: Living Room, Kitchen, Eat-In-Kitchen, Dining Area, Pantry, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Vinyl
  • Frontage: 90
  • Outside Features: Deck, Screened Porch, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, Parking Pad, Attached, Auto Door Opener, Concrete Driveway, 4 car parking

Utilities

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

Lot Info

  • Lot Number: 2
  • Lot Size: 90X130
  • Lot Size Range: 10000-20000 SqFt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2016
Closed on
Aug 1, 2016
Sold by
Burgin Salmons Llc
Bought by
Dente Thomas G and Dente Elizabeth S
Seller's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
List Price
$1,595,000
Sold Price
$1,625,000
Premium/Discount to List
$30,000
1.88%
Current Estimated Value
$3,374,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,749,680
Avg. Annual Appreciation
8.49%

Purchase Details

Closed on
Aug 18, 2014
Sold by
Badal John T and Badal Robert A
Bought by
Burgin Salmons Limited Liability Company
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
Dente Thomas G $1,625,000 None Available
Burgin Salmons Limited Liability Company $449,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burgin Salmons Limited Liability Company $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2016 08/01/16 Sold $1,625,000 +1.9% --
07/02/2016 07/02/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $1,595,000 -- --
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
2025 $17,267 $1,633,600 $448,000 $1,185,600
2024 $17,267 $1,633,600 $448,000 $1,185,600
2023 $17,545 $1,633,600 $448,000 $1,185,600
2022 $16,630 $1,633,600 $448,000 $1,185,600
2021 $16,630 $1,633,600 $448,000 $1,185,600
2020 $15,846 $1,633,600 $448,000 $1,185,600
2019 $16,124 $1,633,600 $448,000 $1,185,600
2018 $15,209 $1,633,600 $448,000 $1,185,600
2017 $14,441 $1,633,600 $448,000 $1,185,600
2016 $3,727 $448,000 $448,000 $0
2015 $3,875 $448,000 $448,000 $0
2014 $18 $2,100 $2,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 170171

Cape May County Association of REALTORS®

APN: 02 01015-0000-00002- 01