$1,250,000

1083 Seashore Rd Cape May, NJ 08204

Estimated payment $7,224/month

Total Views 13,448
8 Beds
5 Baths
3,710 Sq Ft
$337 Price per Sq Ft

Highlights

  • Sun or Florida Room
  • Interior Lot
  • Laundry Room
  • Breakfast Area or Nook
  • Living Room
  • Forced Air Heating System

About This Home

This fantastic opportunity is available now. Close to Cape May in a quiet yet accessible neighborhood, this expansive property is for homeowners and developers alike. This pre-existing non-conforming home exudes charm and character, boasting generous square footage that allows endless options for customization. The layout features multiple rooms with high ceilings, abundant natural light. The property includes an expansive yard, perfect for outdoor living spaces, gardens, or parking needs. While the home requires renovation, its bones remain strong, with a solid foundation ready to support modern upgrades. Updates include a tankless, on demand water heater, a new deeper high capacity well and two new septic systems, one for the main house and a second for the rear apartments. Updated bathrooms and a washer and dryer in each unit. The current property is configured as follows: The main house lower level has 4 bedrooms and 2 full baths. There is a large eat-in kitchen, dining area and expansive living room. A very large sun porch is on the side of the house. As you head down the hallway off the kitchen are the two additional bedrooms and a laundry room. The second floor apartment has a private entrance on the left side of the front house with a living room area, kitchen, 2 bedrooms and full bath. The front house can easily be converted to a single family. The garage has been re-fitted into 2 apartments prior to the current seller's purchase. Both the 2nd floor apartment and downstair apartment are 1 bedroom 1 bath units. The second floor has recently been remodeled. This could offer a lucrative opportunity in the rental market or a chance to establish a community-oriented housing solution. This spacious residence presents a valuable opportunity for those with vision, especially with the new winery going in across the street! The main floor is rented annually for $2,700 a month, including utilities. The upstairs apartment is a summer lease for $2,700 with utilities included. The garage apartments are both rented year-round. The lower level for $1,250 with utilities and upstairs at $1,200 per month with utilities.

Listing Agent

Janice Conwell

HOMESTEAD REAL ESTATE CO. INC. Listed on: 06/09/2025

Co-Listing Agent

Trisha Kellaway

HOMESTEAD REAL ESTATE CO. INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,771

Year Built

  • Built in 1930

Lot Details

  • Interior Lot
  • Cleared Lot

Parking

  • 3 Parking Spaces

Home Design

  • Quadruplex

Interior Spaces

  • 3,710 Sq Ft Home
  • Partially Furnished
  • Living Room
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Private Water Source
  • Gas Water Heater
  • Private Sewer

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 1.01 / 759

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,771

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Four-Plex
  • Location: Cleared Lot, Inside Lot
  • District Township: 05-Lower Township
  • Near: Winery and Garret Family
  • Also Includes: Partial Furniture
  • Estimated Year Built: 1930
  • New Construction: No
  • Second Address Number: 1083
  • Listing Office2: 44
  • Lot Size2: 31,681
  • Selling Agent1: 5879
  • Selling Office1: 44
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Total Bathrooms: 5
  • Basement: Full, Outside Entrance, Inside Entrance
  • Total Sq Ft: 3710
  • Other Rooms: Living Room, Eat In Kitchen, Breakfast Nook, Laundry/Utility Room, Florida Room

Garage/Parking

  • Parking: 3 Car

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: Private
  • Water: Private

Lot Info

  • Lot Number: 1.01
  • Lot Size: 1/2 Acre to 1 Acre

Tax Info

  • Taxes: 6771
  • Tax Year: 2024

Multi Family

  • Number Of Units: 4
  • Total Rent: 8150.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,771 $346,200 $204,900 $141,300
2024 $6,771 $346,200 $204,900 $141,300
2023 $6,671 $346,200 $204,900 $141,300
2022 $6,459 $346,200 $204,900 $141,300
2021 $6,259 $346,200 $204,900 $141,300
2020 $6,155 $346,200 $204,900 $141,300
2019 $5,995 $346,200 $204,900 $141,300
2018 $5,847 $346,200 $204,900 $141,300
2017 $5,854 $346,200 $204,900 $141,300
2016 $5,760 $346,200 $204,900 $141,300
2015 $5,566 $346,200 $204,900 $141,300
2014 $5,376 $346,200 $204,900 $141,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $1,250,000 +66.7% $337 / Sq Ft
12/18/2024 12/18/24 Sold $750,000 -16.7% $294 / Sq Ft
08/02/2024 08/02/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $899,900 -10.0% $353 / Sq Ft
07/02/2024 07/02/24 Price Changed $999,900 -8.7% $393 / Sq Ft
06/09/2024 06/09/24 Price Changed $1,095,000 -8.4% $430 / Sq Ft
05/22/2024 05/22/24 Price Changed $1,195,000 -4.4% $469 / Sq Ft
04/26/2024 04/26/24 For Sale $1,250,000 -- $491 / Sq Ft
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $750,000 Shore Title
Bargain Sale Deed $750,000 Shore Title
Bargain Sale Deed $750,000 Shore Title
Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Closed $600,000 New Conventional
Previous Owner $10,000 Credit Line Revolving
Source: Public Records

Source: Cape May County Association of REALTORS®

MLS Number: 251676

Cape May County Association of REALTORS®

APN: 05 00759-0000-00001- 01