NOT LISTED FOR SALE

122 Decatur St Cape May, NJ 08204

Estimated Value: $1,175,000 - $2,066,000

6 Beds
2 Baths
2,352 Sq Ft
$769/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $837,500 $356 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $10,290/month

52 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Flooring
  • Den
  • Building is beachfront but unit may not have water views
  • Victorian Architecture
  • 2-minute walk to Cape May Rotary Park

About This Home

As of August 2018

This home is located at 122 Decatur St, Cape May, NJ 08204 since 01 April 2018 and is currently estimated at $1,807,902, approximately $768 per square foot. This property was built in 1886. 122 Decatur 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

Carol Menz

COASTLINE REALTY, LLC Listed on: 04/01/2018

Last Buyer's Agent

MARYANN DONAHUE

deSatnick Real Estate LLC - Cape May

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,013

Year Built

  • Built in 1886

Lot Details

  • Lot Dimensions are 26x113
  • Building is beachfront but unit may not have water views
  • Fenced Yard
  • Interior Lot

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 2,352 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Den
  • Storage
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Location

  • The property is located in a historic district
  • Island Location

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 6 / 1041

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,013

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Inside Lot, Island, Historical District
  • District Township: 02-Cape May City
  • Near: Cream
  • Also Includes: Window Treatments
  • Estimated Year Built: 1886
  • New Construction: No
  • OFFICELIST_ADDRESS2: Beeshive Cottage
  • Second Address Number: 122
  • Lot Size2: 26x113
  • Price per Sq Ft: 356.08
  • Selling Agent1: 3762
  • Selling Office1: 710
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 1886

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Wood Flooring, Storage
  • Total Bathrooms: 2.2
  • Full Bathrooms: 2
  • Bedrooms: 6
  • Total Rooms: 10
  • Basement: Partial, Inside Entrance
  • Estimated Living Sq Ft: 2352
  • Other Rooms: Living Room, Den/TV Room, Eat-In-Kitchen, Breakfast Nook, Pantry, Laundry/Utility Room

Exterior Features

  • Construction: Victorian, Three Story
  • Exterior: Wood
  • Frontage: 26
  • Outside Features: Patio, Porch, Fenced Yard, Storage Building, Sidewalks

Utilities

  • Cooling: Ceiling Fan, Window Air Conditioning
  • Heating: Gas Natural, Baseboard, Hot Water
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 6
  • Lot Size: 6001-10000 SqFt
  • Zoning: R

Tax Info

  • Taxes: 7012.93
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2018
Closed on
Aug 31, 2018
Sold by
Beeshive Cottage Llc
Bought by
Young William B and Young Emily M
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
MARYANN DONAHUE
deSatnick Real Estate LLC - Cape May
List Price
$919,900
Sold Price
$837,500
Premium/Discount to List
-$82,400
-8.96%
Current Estimated Value
$1,807,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$970,402
Avg. Annual Appreciation
12.72%
Original Mortgage
$660,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 5, 2017
Sold by
Lorestani Bernadette De Castro and Lorestani Farivar S
Bought by
Beeshive Cottage Llc

Purchase Details

Closed on
Mar 13, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Lorestani Bernadette Decastro and Lorestani Farivar S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2007
Sold by
Mclaughlin Emily A and Mclaughlin Joseph L
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
May 11, 1998
Sold by
Jachim Richard S
Bought by
Mclaughlin Joseph L and Mclaughlin Emily A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
7.05%
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
Young William B $837,500 --
Beeshive Cottage Llc -- None Available
Lorestani Bernadette Decastro $750,000 First American Title Ins Co
Hsbc Bank Usa Na -- Land Title Services Nj Inc
Mclaughlin Joseph L $240,000 --
Mclaughlin Joseph L $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blair-Young William $647,000
Closed Young William B $660,000
Previous Owner Lorestani Farivar S $400,000
Previous Owner Lorestani Bernadette Decastro $417,000
Previous Owner Mclaughlin Joseph L $750,000
Previous Owner Mclaughlin Joseph L $187,500
Previous Owner Mclaughlin Joseph L $875,000
Previous Owner Mclaughlin Joseph L $0
Previous Owner Mclaughlin Joseph L $620,000
Previous Owner Goldman Leonard $72,794
Previous Owner Mclaughlin Joseph L $80,000
Previous Owner Mclaughlin Joseph L $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $837,500 -9.0% $356 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $919,900 -- $391 / 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 $8,909 $842,900 $606,700 $236,200
2024 $8,909 $842,900 $606,700 $236,200
2023 $9,053 $842,900 $606,700 $236,200
2022 $8,699 $842,900 $606,700 $236,200
2021 $8,581 $842,900 $606,700 $236,200
2020 $8,176 $842,900 $606,700 $236,200
2019 $8,319 $842,900 $606,700 $236,200
2018 $7,847 $842,900 $606,700 $236,200
2017 $7,451 $842,900 $606,700 $236,200
2016 $7,013 $842,900 $606,700 $236,200
2015 $7,291 $842,900 $606,700 $236,200
2014 $7,291 $842,900 $606,700 $236,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 181152

Cape May County Association of REALTORS®

APN: 02-01041-0000-00006