NOT LISTED FOR SALE

1215 Lafayette St Cape May, NJ 08204

Estimated Value: $1,314,000 - $1,640,000

5 Beds
3 Baths
2,800 Sq Ft
$531/Sq Ft Est. Value

Last Sold May 27, 2022

Last sale price $1,150,000 $411 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,772/month

71 Days on Market

Highlights

  • Island Location
  • Breakfast Area or Nook
  • Porch
  • Deck
  • 2 Car Detached Garage
  • Interior Lot

About This Home

As of May 2022

This home is located at 1215 Lafayette St, Cape May, NJ 08204 since 16 February 2022 and is currently estimated at $1,487,312, approximately $531 per square foot. This property was built in 1823. 1215 Lafayette St 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

Kathleen Satt

deSatnick Real Estate LLC - Cape May Listed on: 02/16/2022

Co-Listed By

Stacy Hutchinson

deSatnick Real Estate LLC - Cape May

Last Buyer's Agent

Colleen White

Tim Kerr Sotheby's International Realty License #1005222

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,593

Year Built

  • Built in 1823

Lot Details

  • 1.66

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex

Interior Spaces

  • Living Room
  • Dining Room
  • Storage Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Basement

  • Partial Basement
  • Exterior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Interior Lot
  • Island Location

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 87 / 1061

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,593

Year Built

Built in 1823

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Inside Lot, Island
  • District Township: 02-Cape May City
  • Near: Marina District
  • Estimated Year Built: 1823
  • New Construction: No
  • Second Address Number: 1215
  • Listing Office2: 479
  • Lot Size2: 72 x 200+-
  • Selling Agent1: 3406
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1823

Interior Features

  • Total Bathrooms: 3
  • Basement: Partial, Outside Entrance
  • Other Rooms: Living Room, Dining Room, Eat In Kitchen, Breakfast Nook, Dining Area, Pantry, Laundry/Utility Room, Storage Space

Exterior Features

  • Outside Features: Deck, Porch, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking: Garage, 2 Car, Detached

Utilities

  • Separate Meter: Electric, Gas, Sewer, Water
  • Cooling: Wall Air Conditioning
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City
  • Cable Available: Survey

Lot Info

  • Lot Number: 87
  • Lot Size: 10001 to 20000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 5592.89
  • Tax Year: 2021

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2022
Closed on
May 27, 2022
Sold by
Sandra Mucha
Bought by
Kgiii Realty Llc
Seller's Agent
Kathleen Satt
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Colleen White
Tim Kerr Sotheby's International Realty
List Price
$1,625,000
Sold Price
$1,150,000
Premium/Discount to List
-$475,000
-29.23%
Current Estimated Value
$1,331,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,155
Avg. Annual Appreciation
5.55%
Original Mortgage
$825,000
Outstanding Balance
$789,547
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$578,258

Purchase Details

Closed on
Mar 9, 2006
Sold by
Mears Lawrence D and Mears Doris D
Bought by
Mucha Sandra D

Purchase Details

Closed on
Jul 24, 1997
Sold by
Est Mary Mears
Bought by
Mears Laurence
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
Kgiii Realty Llc $1,150,000 Infinity Title
Mucha Sandra D -- None Available
Mears Laurence $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kgiii Realty Llc $825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2022 05/27/22 Sold $1,150,000 -29.2% $411 / Sq Ft
04/28/2022 04/28/22 Pending -- -- --
02/16/2022 02/16/22 For Sale $1,625,000 -- $580 / 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 $5,807 $549,400 $320,000 $229,400
2024 $5,807 $549,400 $320,000 $229,400
2023 $5,901 $549,400 $320,000 $229,400
2022 $5,670 $549,400 $320,000 $229,400
2021 $5,584 $549,400 $320,000 $229,400
2020 $5,329 $549,400 $320,000 $229,400
2019 $5,423 $549,400 $320,000 $229,400
2018 $5,115 $549,400 $320,000 $229,400
2017 $4,857 $549,400 $320,000 $229,400
2016 $4,571 $549,400 $320,000 $229,400
2015 $4,752 $549,400 $320,000 $229,400
2014 $4,752 $549,400 $320,000 $229,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Kathleen Satt

    deSatnick Real Estate LLC - Cape May

    (609) 884-1300

    10 in this area

    58 Total Sales

    Section Image
  • Stacy Hutchinson

    Seller Co-Listing Agent in 2022

    Stacy Hutchinson

    deSatnick Real Estate LLC - Cape May

    (609) 884-1300

    26 in this area

    60 Total Sales

    Section Image
  • Colleen White

    Buyer's Agent in 2022

    Colleen White

    Tim Kerr Sotheby's International Realty

    (609) 231-6943

    24 in this area

    71 Total Sales

    Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 220398

Cape May County Association of REALTORS®

APN: 02-01061-0000-00087

New Jersey Cape May County Cape May 08204

1215 Lafayette St, Cape May, NJ

This home is located at 1215 Lafayette St, Cape May, NJ 08204 since 16 February 2022 and is currently estimated at $1,487,312, approximately $531 per square foot. This property was built in 1823. 1215 Lafayette St 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