NOT LISTED FOR SALE

1225 New Jersey Ave Cape May, NJ 08204

Estimated Value: $3,127,000 - $3,698,000

8 Beds
4 Baths
2,856 Sq Ft
$1,199/Sq Ft Est. Value

Last Sold July 25, 2015

Last sale price $1,250,000 $438 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $19,934/month

271 Days on Market

Highlights

  • Water Views
  • The property is located in a historic district
  • Wood Flooring
  • In Ground Pool
  • Property is near a beach
  • Furnished

About This Home

As of July 2015

This is a Cape May Diamond Ocean Views abound offering ample parking for your guests. This cedar Shake home is a typical Cape May Charmer featuring an in ground swimming pool, pool guest cottage detached with central air 1.5 baths and 1 bedroom, Main home is three stories offering 7 bedrooms 3.5 baths, central air and natural gas utilities. This home is being offered turn key fully furnished and ready to go. Excellent rental history!! Formal dining room, large living room, den, breakfast nook, large modern kitchen, front oversized covered porch to enjoy the ocean views, ocean breezes and sounds. Being shown by appointment only easy access with electronic lock box feature.

Last Agent to Sell the Property

Dagmer Chew

HOMESTEAD REAL ESTATE CO. INC. Listed on: 09/27/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,169

Lot Details

  • 0.28

Interior Spaces

  • 3-Story Property
  • Furnished
  • Gas Fireplace
  • Blinds
  • Drapes & Rods
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Water Views
  • Storage In Attic

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Detached Garage
  • Stone Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Property is near a beach
  • Outdoor Storage
  • Porch

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Interior Lot
  • The property is located in a historic district

Listing and Financial Details

  • Legal Lot and Block 22 / 1131

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,169

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Water View, Historical District
  • District Township: 02-Cape May City
  • Near: beaches
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture, Window Treatments
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Stove Natural Gas
  • Interior Amenities: Fireplace- Gas, Wood Flooring
  • Total Bathrooms: 4.2
  • Full Bathrooms: 4
  • Bedrooms: 8
  • Total Rooms: 16
  • Basement: Crawl Space, Outside Entrance
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Breakfast Nook, Pantry, Laundry/Utility Room, Storage Attic

Exterior Features

  • Construction: Three Story
  • Exterior: Shingle
  • Frontage: 96
  • House Color: brown
  • Outside Features: Porch, Storage Building, Cable TV, Sidewalks, Outside Shower, In Ground Pool

Garage/Parking

  • Parking Garage: Garage, Detached, Stone Driveway

Utilities

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

Lot Info

  • Lot Number: 22
  • Lot Size: 96x125
  • Zoning: res
  • Lot Size Range: 10000-20000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 12169.44
  • Assessor Parcel Number: 02011310000000220000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2014
Closed on
Jul 27, 2015
Sold by
Gould Esq Alan I and Mcgough Linda
Bought by
1225 New Jersey Avenue Llc
Seller's Agent
Dagmer Chew
HOMESTEAD REAL ESTATE CO. INC.
List Price
$2,100,000
Sold Price
$1,250,000
Premium/Discount to List
-$850,000
-40.48%
Current Estimated Value
$3,423,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,173,791
Avg. Annual Appreciation
9.76%
Original Mortgage
$1,000,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2005
Sold by
Leone Charles C and Leone Barbara A
Bought by
Mcgough Joseph W and Mcgough Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
5.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2002
Sold by
Mcdowell Frank P
Bought by
Leone Charles C and Leone Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.03%
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
1225 New Jersey Avenue Llc $1,250,000 First American Title Ins Co
Mcgough Joseph W $1,950,000 The Title Company Of Jersey
Leone Charles C $960,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1225 Nj Ave Llc $817,000
Closed 1225 New Jersey Avenue Llc $1,000,000
Previous Owner Mcgough Joseph W $1,500,000
Previous Owner Leone Charles C $632,000
Previous Owner Leone Charles C $352,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2015 07/25/15 Sold $1,250,000 -40.5% $438 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
09/27/2014 09/27/14 For Sale $2,100,000 -- $735 / 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 $15,350 $1,452,200 $962,000 $490,200
2024 $15,350 $1,452,200 $962,000 $490,200
2023 $15,597 $1,452,200 $962,000 $490,200
2022 $14,987 $1,452,200 $962,000 $490,200
2021 $14,537 $1,452,200 $962,000 $490,200
2020 $14,086 $1,452,200 $962,000 $490,200
2019 $14,333 $1,452,200 $962,000 $490,200
2018 $13,520 $1,452,200 $962,000 $490,200
2017 $12,837 $1,452,200 $962,000 $490,200
2016 $12,082 $1,452,200 $962,000 $490,200
2015 $12,562 $1,452,200 $962,000 $490,200
2014 $12,562 $1,452,200 $962,000 $490,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    Dagmer Chew

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 884-1888

    15 in this area

    48 Total Sales

    Dagmer Chew
    Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 160303

Cape May County Association of REALTORS®

APN: 02-01131-0000-00022

New Jersey Cape May County Cape May 08204

1225 New Jersey Ave, Cape May, NJ

This home is located at 1225 New Jersey Ave, Cape May, NJ 08204 since 27 September 2014 and is currently estimated at $3,423,791, approximately $1,198 per square foot. 1225 New Jersey 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.

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