NOT LISTED FOR SALE

1238B Wilson Dr Unit 2 Cape May, NJ 08204

Estimated Value: $1,433,000 - $2,559,000

4 Beds
2.5 Baths
2,670 Sq Ft
$752/Sq Ft Est. Value

Last Sold July 28, 2020

Last sale price $1,365,000 $511 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $12,806/month

Highlights

  • Curved or Spiral Staircase
  • Wood Flooring
  • Upgraded Countertops
  • Coastal Architecture
  • Combination Kitchen and Living
  • Fireplace

About This Home

As of July 2020

Custom built waterfront luxury town home with one 50 foot deep water boat slip. This home offers spectacular views and sunsets overlooking Cape May's inlet. Walking distance to many popular eateries and shops. Interior features include, exotic hardwoods, travertine tile, granite tops, custom cherry built-in cabinetry in master, and much more as listed! Hardwood floor vents on second floor made of matching mahogany New Canvas retractable awning installed on porch June 2019. Has wind retracting sensor Two bathrooms have heated floors Santos mahogany hardwood floor throughout. No scratches. Showers have multiple jets Exterior is made of wood cedar shakes. 2017 were hand painted and caulked completely 2018 Fiberglass Decks were refinished with additional layer of fiberglass Master bedroom has a wall of Mahogany custom-made cabinets . Ground level entryway Upgraded tile with 1/2 wall tiled Showers also have upgraded tile. Two fireplaces, living room fireplace has carved wood mounts of billfish Sound-system (Sonos) on all three floors. Speakers have option to be played in master, Third floor level, and all three levels of decks outside Dock decking was replaced in 2018 with Brazilian cherry Elevator shaft has been installed for the option of an elevator Entire ground level is done in pavers driveway sidewalks and Canal front area. Arch on third floor between kitchen and rear bedroom. Has been filled in with a door making it into a bedroom. It can easily be removed for a second living room /office. Call today and schedule your Private Showing!

Last Agent to Sell the Property

Andrew Miller

(856) 498-4948 andy@reevesandmelvin.com Reeves & Melvin License #8642252 Listed on: 01/29/2020

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $17,672

Year Built

  • Built in 2006

Lot Details

  • 5,663 Sq Ft Lot

HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Coastal Architecture
  • Frame Construction

Interior Spaces

  • 2,670 Sq Ft Home
  • Property has 3 Levels
  • Curved or Spiral Staircase
  • Built-In Features
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace
  • Window Treatments
  • Combination Kitchen and Living

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Upgraded Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$17,672

Year Built

Built in 2006

Lot Details

0

HOA Fees

$500 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 2, Main
  • Year Built: 2006
  • Remarks Public: Custom built waterfront luxury town home with one 50 foot deep water boat slip. This home offers spectacular views and sunsets overlooking Cape May's inlet. Walking distance to many popular eateries and shops. Interior features include, exotic hardwoods, travertine tile, granite tops, custom cherry built-in cabinetry in master, and much more as listed! Hardwood floor vents on second floor made of matching mahogany New Canvas retractable awning installed on porch June 2019. Has wind retracting sensor Two bathrooms have heated floors Santos mahogany hardwood floor throughout. No scratches. Showers have multiple jets Exterior is made of wood cedar shakes. 2017 were hand painted and caulked completely 2018 Fiberglass Decks were refinished with additional layer of fiberglass Master bedroom has a wall of Mahogany custom-made cabinets . Ground level entryway Upgraded tile with 1/2 wall tiled Showers also have upgraded tile. Two fireplaces, living room fireplace has carved wood mounts of billfish Sound-system (Sonos) on all three floors. Speakers have option to be played in master, Third floor level, and all three levels of decks outside Dock decking was replaced in 2018 with Brazilian cherry Elevator shaft has been installed for the option of an elevator Entire ground level is done in pavers driveway sidewalks and Canal front area. Arch on third floor between kitchen and rear bedroom. Has been filled in with a door making it into a bedroom. It can easily be removed for a second living room /office. Call today and schedule your Private Showing!
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Dryer, Refrigerator, Washer, Water Heater, Stove, Oven - Self Cleaning
  • Flooring Type: Hardwood, Partially Carpeted, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Living, Curved Staircase, Kitchen - Eat-In, Primary Bath(s), Built-Ins, Recessed Lighting, Upgraded Countertops, Window Treatments
  • Fireplace: Yes
  • Levels Count: 3
  • Room Count: 7
  • Room List: Bathroom 1
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2670
  • Living Area Sq Ft: 2670
  • Price Per Sq Ft: 522.47
  • Above Grade Finished Sq Ft: 2670
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1238

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 3
  • Lower Level 1 Bedroom: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 2
  • Lower Levels 2 Bathrooms: 2.00
  • Lower Level Full Bathrooms: 2
  • Lower Level 2 Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available, Natural Gas Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 250.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: LOWER TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396998
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.13
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5662.80
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 17672.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Year: 2019
  • Close Date: 07/28/2020

MLS Schools

  • School District Name: LOWER TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Jul 17, 2020
Sold by
Reed Kevin and Reed Diane L
Bought by
Ferrara Edward J
Seller's Agent
Andrew Miller
Reeves & Melvin
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,395,000
Sold Price
$1,365,000
Premium/Discount to List
-$30,000
-2.15%
Current Estimated Value
$2,008,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$643,682
Avg. Annual Appreciation
7.68%
Original Mortgage
$1,046,250
Outstanding Balance
$927,745
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,080,937

Purchase Details

Closed on
Sep 28, 2015
Sold by
Remster Wayne K and Remster Cathi Lynn
Bought by
Reed Kevin and Reed Diane Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Ferrara Edward J $1,395,000 Misc Company
Reed Kevin $1,150,000 Beacon Title Svcs Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrara Edward J $1,046,250
Previous Owner Reed Kevin $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2020 07/28/20 Sold $1,365,000 -2.2% $511 / Sq Ft
06/29/2020 06/29/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $1,395,000 -- $522 / Sq Ft
Source: Bright MLS

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 $19,866 $979,600 $428,800 $550,800
2024 $19,866 $979,600 $428,800 $550,800
2023 $19,582 $979,600 $428,800 $550,800
2022 $18,985 $979,600 $428,800 $550,800
2021 $18,416 $979,600 $428,800 $550,800
2020 $18,123 $979,600 $428,800 $550,800
2019 $17,672 $979,600 $428,800 $550,800
2018 $17,251 $979,600 $428,800 $550,800
2017 $17,270 $979,600 $428,800 $550,800
2016 $17,006 $979,600 $428,800 $550,800
2015 $16,457 $979,600 $428,800 $550,800
2014 $15,919 $979,600 $428,800 $550,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM103850

Bright MLS

APN: 05-00764-0000-00052-0000-C02

New Jersey Cape May County Cape May 08204

1238B Wilson Dr Unit 2, Cape May, NJ

This home is located at 1238B Wilson Dr Unit 2, Cape May, NJ 08204 since 29 January 2020 and is currently estimated at $2,008,682, approximately $752 per square foot. This property was built in 2006. 1238B Wilson Dr Unit 2 is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

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