NOT LISTED FOR SALE

1107 Beach Ave Unit B3 Cape May, NJ 08204

Estimated Value: $1,492,301 - $1,656,000

3 Beds
3 Baths
1,728 Sq Ft
$550/mo HOA Fee

Last Sold December 04, 2020

Last sale price $1,160,000 $671 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $9,548/month

84 Days on Market

Highlights

  • Beach Front
  • Corner Lot
  • Great Room
  • Cathedral Ceiling
  • Furnished
  • Fireplace

About This Home

As of December 2020

Please contact agent then showing time - must be shown - Saturday's only from 12noon - 3pm.

Last Agent to Sell the Property

Judith Buck

Tim Kerr Sotheby's International Realty Listed on: 07/10/2020

Last Buyer's Agent

Craig Soens

FERGUSON-DECHERT, INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,402

Year Built

  • Built in 1983

Lot Details

  • Beach Front

HOA Fees

  • $550 Monthly HOA Fees

Interior Spaces

  • 4-Story Property
  • Furnished
  • Cathedral Ceiling
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room
  • Dining Room
  • Tile Flooring

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Garage
  • Parking Pad
  • Assigned Parking

Utilities

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

Community Details

  • Community Deck or Porch
  • Fire and Smoke Detector

Listing and Financial Details

  • Legal Lot and Block 28 / 1115

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,402

Year Built

Built in 1983

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Front, Corner
  • District Township: 02-Cape May City
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Fireplace Equipment, Furniture
  • Estimated Year Built: 1983
  • New Construction: No
  • OFFICELIST_ADDRESS2: Unit B3
  • OFFICELIST_STATE: NJ
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1983

Interior Features

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

Garage/Parking

  • Parking: Garage, Parking Pad, 2 Car, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Deck/Porch, Cable TV
  • Condo Fees: 1650
  • Unit Features: Fireplace, Cathedral Ceiling, Foyer, Tile Floors

Lot Info

  • Lot Number: 28

Tax Info

  • Taxes: 7402.5
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Dec 4, 2020
Sold by
Beyond Sea T
Bought by
Haug Richard and Kearney Cara M
Seller's Agent
Judith Buck
Tim Kerr Sotheby's International Realty
Buyer's Agent
Craig Soens
FERGUSON-DECHERT, INC
List Price
$1,277,000
Sold Price
$1,160,000
Premium/Discount to List
-$117,000
-9.16%
Current Estimated Value
$1,592,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,825
Avg. Annual Appreciation
6.69%
Original Mortgage
$928,000
Outstanding Balance
$826,197
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$766,628

Purchase Details

Closed on
May 9, 2006
Sold by
Miller Donald H and Miller Claire F
Bought by
The Cape May Land Trust
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
Haug Richard $1,160,000 Misc Company
Haug Richard $1,160,000 Seaboard Title
The Cape May Land Trust $963,000 Surety Title Corporation
Scridge Realty Trust $107,000 Surety Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haug Richard $928,000
Closed Haug Richard $928,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $1,160,000 -9.2% $671 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,277,000 -- $739 / 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 $7,928 $750,000 $600,000 $150,000
2024 $7,928 $750,000 $600,000 $150,000
2023 $8,055 $750,000 $600,000 $150,000
2022 $7,740 $750,000 $600,000 $150,000
2021 $7,403 $750,000 $600,000 $150,000
2020 $7,275 $750,000 $600,000 $150,000
2019 $7,403 $750,000 $600,000 $150,000
2018 $6,983 $750,000 $600,000 $150,000
2017 $6,630 $750,000 $600,000 $150,000
2016 $6,240 $750,000 $600,000 $150,000
2015 $6,488 $750,000 $600,000 $150,000
2014 $6,488 $750,000 $600,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Judith Buck

    Tim Kerr Sotheby's International Realty

    (609) 408-4435

    9 in this area

    16 Total Sales

    Judith Buck
    Section Image

  • C

    Buyer's Agent in 2020

    Craig Soens

    FERGUSON-DECHERT, INC

    (215) 982-0372

    1 in this area

    61 Total Sales

    Craig Soens
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 202366

Cape May County Association of REALTORS®

APN: 02-01115-0000-00028-0000-C-06

New Jersey Cape May County Cape May 08204

1107 Beach Ave Unit B3, Cape May, NJ

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