NOT LISTED FOR SALE

11 Beach Ave Unit 316 Cape May, NJ 08204

Estimated Value: $1,156,794 - $1,551,000

2 Beds
2 Baths
932 Sq Ft
2.04 Acres

Last Sold September 09, 2016

Last sale price $750,000 $805 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $7,558/month

156 Days on Market

Highlights

  • Beach Front
  • Clubhouse
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Sauna

About This Home

As of September 2016

Top floor, corner unit, best view in building! Over $81,000 in gross incomes for the 2015 season! The Sandpiper Beach Club is setting a higher standard in Cape May. It has been the most respected and well run condotel in Cape May, each furnished with a breezy seashore feeling to bring the Sandpipers uncompromising views of the sky, sea and sand right through your private veranda into your living room. The property includes a swimming pool, saunas and fully equipped fitness room. The Sandpiper is perfect for owner's own personal use, as a rental property or as blend of both. The monthly fee includes insurance, utilities (exterior lighting, water/sewer, gas for central heat boiler, central cooling tower and hot water) in-house super, pool, health club, his/her spa areas, trash removal, on-site manager, landscaping, etc. Unit 316 has panoramic Ocean Views and is perfect to see the breathtaking sunsets Cape May has to offer. This is the most sought after unit in the complex and the revenues rival that of most 3 bedroom beachfront condos in town.

Last Agent to Sell the Property

Chris Bezaire

Coldwell Banker Sol Needles Real Estate Listed on: 03/07/2016

Coldwell Banker Sol Needles Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,941

Year Built

  • Built in 2006

Lot Details

  • Building is beachfront but unit may not have water views
  • Beach Front

Parking

  • Assigned Parking

Interior Spaces

  • 932 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Drapes & Rods
  • Blinds
  • Living Room
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Outdoor Shower

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1,2,3 / 1020

Community Details

Amenities

  • Sauna
  • Clubhouse
  • Elevator

Recreation

  • Community Pool

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,941

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Location: Beach Block, Beach Front, Water View
  • District Township: 02-Cape May City
  • Near: Beach
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • Estimated Year Built: 2006 reno
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 2006

Interior Features

  • Appliances Included: Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 932
  • Other Rooms: Living Room, Kitchen

Garage/Parking

  • Parking: Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Unit: 316
  • Common Area Features: Elevator, Storage Facilities, Cable TV, Outside Shower, Pool, Sauna, Clubhouse/Clubroom
  • Condo Fees: 1078/mth
  • Unit Features: Hardwood Floors, Wall To Wall Carpet, Cathedral Ceiling
  • Unit Location: Top Floor, Water View, Corner

Lot Info

  • Lot Number: 1,2,3
  • Total Assessment: 802400
  • Zoning: R-S

Tax Info

  • Taxes: 6940.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2016
Closed on
Sep 9, 2016
Sold by
Lance Scott
Bought by
Rapone Patricia
Seller's Agent
Chris Bezaire
Coldwell Banker Sol Needles Real Estate
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Current Estimated Value
$1,290,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,949
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Jan 2, 2007
Sold by
Sandpiper Beach Associates Llc
Bought by
Lance Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,300
Interest Rate
6.15%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rapone Patricia $750,000 The Title Company Of Jersey
Lance Scott $933,000 Surety Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lance Scott $93,300
Previous Owner Lance Scott $653,100
Previous Owner Sandpiper Beach Associates Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $750,000 -6.1% $805 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
03/07/2016 03/07/16 For Sale $799,000 -- $857 / 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 $8,481 $802,400 $575,000 $227,400
2024 $8,481 $802,400 $575,000 $227,400
2023 $8,618 $802,400 $575,000 $227,400
2022 $8,281 $802,400 $575,000 $227,400
2021 $7,920 $802,400 $575,000 $227,400
2020 $7,783 $802,400 $575,000 $227,400
2019 $7,920 $802,400 $575,000 $227,400
2018 $7,470 $802,400 $575,000 $227,400
2017 $7,093 $802,400 $575,000 $227,400
2016 $6,676 $802,400 $575,000 $227,400
2015 $6,941 $802,400 $575,000 $227,400
2014 $6,941 $802,400 $575,000 $227,400
Source: Public Records

Agents Affiliated with this Home

  • Chris Bezaire

    Seller's Agent in 2016

    Chris Bezaire

    Coldwell Banker Sol Needles Real Estate

    (609) 884-8428

    11 in this area

    35 Total Sales

    Chris Bezaire
    Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 168917

Cape May County Association of REALTORS®

APN: 02-01020-0000-00001-0000-C-316

New Jersey Cape May County Cape May 08204

11 Beach Ave Unit 316, Cape May, NJ

This home is located at 11 Beach Ave Unit 316, Cape May, NJ 08204 since 07 March 2016 and is currently estimated at $1,290,949, approximately $1,385 per square foot. This property was built in 2006. 11 Beach Ave Unit 316 is a home located in Cape May County with nearby schools including Cape May City Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes