NOT LISTED FOR SALE

118 Reading Ave Cape May, NJ 08204

Estimated Value: $1,972,000 - $2,170,000

5 Beds
2 Baths
2,050 Sq Ft
$1,008/Sq Ft Est. Value

Last Sold January 06, 2017

Last sale price $910,000 $444 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $11,602/month

161 Days on Market

Highlights

  • Deck
  • Furnished
  • Porch
  • Wood Flooring
  • Fenced Yard
  • Living Room

About This Home

As of January 2017

This home is located at 118 Reading Ave, Cape May, NJ 08204 since 29 April 2016 and is currently estimated at $2,065,972, approximately $1,007 per square foot. 118 Reading Ave 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.

Last Agent to Sell the Property

Brian Giancola

RE/MAX SURFSIDE Listed on: 04/29/2016

RE/MAX SURFSIDE

Last Buyer's Agent

Joseph Fisher

HOMESTEAD REAL ESTATE CO. INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,454

Lot Details

  • Lot Dimensions are 63x80
  • Fenced Yard

Parking

  • Garage

Interior Spaces

  • 2-Story Property
  • Furnished
  • Drapes & Rods
  • Living Room
  • Dining Area
  • Wood Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 12 / 1116

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,454

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 02-Cape May City
  • Also Includes: Drapes, Shades, Furniture
  • New Construction: No
  • Lot Size2: 63X80
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances Included: Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Wood Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Total Rooms: 10
  • Other Rooms: Living Room, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Two Story
  • Outside Features: Deck, Porch, Fenced Yard, Outside Shower

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 12
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 6453.75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2016
Closed on
Jan 6, 2017
Sold by
Morris Robert M and Morris Irene T
Bought by
Roche Robert R and Roche Linda T
Seller's Agent
Brian Giancola
RE/MAX SURFSIDE
Buyer's Agent
Joseph Fisher
HOMESTEAD REAL ESTATE CO. INC.
List Price
$995,000
Sold Price
$910,000
Premium/Discount to List
-$85,000
-8.54%
Current Estimated Value
$2,065,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,155,972
Avg. Annual Appreciation
9.75%
Original Mortgage
$684,000
Outstanding Balance
$563,034
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$1,502,938

Purchase Details

Closed on
Dec 30, 1997
Sold by
Traverso Henry J
Bought by
Morris Robert M and Morris Irene T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Roche Robert R $910,000 Mutual Title Agency Inc
Morris Robert M $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roche Robert R $684,000
Previous Owner Morris Robert M $243,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $910,000 -8.5% $444 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
04/29/2016 04/29/16 For Sale $995,000 -- $485 / 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 $9,456 $894,600 $700,800 $193,800
2024 $9,456 $894,600 $700,800 $193,800
2023 $9,608 $894,600 $700,800 $193,800
2022 $9,232 $894,600 $700,800 $193,800
2021 $9,107 $894,600 $700,800 $193,800
2020 $8,678 $894,600 $700,800 $193,800
2019 $8,830 $894,600 $700,800 $193,800
2018 $8,329 $894,600 $700,800 $193,800
2017 $6,851 $775,000 $650,000 $125,000
2016 $6,198 $775,000 $650,000 $125,000
2015 $6,454 $775,000 $650,000 $125,000
2014 $6,454 $775,000 $650,000 $125,000
Source: Public Records

Agents Affiliated with this Home

  • Brian Giancola

    Seller's Agent in 2017

    Brian Giancola

    RE/MAX SURFSIDE

    (609) 602-8988

    31 in this area

    81 Total Sales

    Brian Giancola
    Section Image

  • J

    Buyer's Agent in 2017

    Joseph Fisher

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 780-1216

    1 in this area

    25 Total Sales

    Joseph Fisher
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 169983

Cape May County Association of REALTORS®

APN: 02-01116-0000-00012

New Jersey Cape May County Cape May 08204

118 Reading Ave, Cape May, NJ

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