NOT LISTED FOR SALE

1240 Washington St Cape May, NJ 08204

Estimated Value: $1,356,000 - $1,648,000

5 Beds
3 Baths
3,465 Sq Ft
$428/Sq Ft Est. Value

Last Sold August 20, 2020

Last sale price $800,000 $231 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $8,658/month

117 Days on Market

Highlights

  • Dutch Colonial Architecture
  • Main Floor Primary Bedroom
  • Enclosed Patio or Porch
  • Wood Flooring
  • Den
  • Eat-In Kitchen

About This Home

As of August 2020

Beautiful two-bedroom apartment located in a cedar shake home on historic, tree-lined Washington Street in Cape May City. The large home contains three apartment units. Apartment boasts an eat-in kitchen, two bedrooms, bathroom with shower and tub, living room, dining room with wet bar. Additionally, the unit contains a full kitchen with new stainless steel refrigerator/freezer (not shown in pictures), stove, and microwave. Washer and dryer. Heating and water are included in rent.

The home is located a block away from the Physick Estate, walkable to the beach and Cape May Commons (just under a mile). This apartment sits two block from the marina area, which features the Lobster House, Lucky Bones and many other restaurants and attractions. This is a rare opportunity to find a year-round rental centrally located in Cape May City. This unit will lease quickly. No pets are allowed as the property is kept in immaculate condition. No smoking anywhere on the property.

Last Agent to Sell the Property

Christina P. Clemans, ABR, CRS, GRI

Tim Kerr Sotheby's International Realty Listed on: 03/16/2020

Last Buyer's Agent

Christina P. Clemans, ABR, CRS, GRI

Tim Kerr Sotheby's International Realty Listed on: 03/16/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,207

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 50x125
  • Interior Lot
  • Property is zoned R2

Home Design

  • Dutch Colonial Architecture
  • Wood Siding

Interior Spaces

  • 3,465 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Room
  • Den
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Stove
  • Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • Parking Pad
  • Stone Driveway
  • Assigned Parking

Eco-Friendly Details

  • Solar Water Heater

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Utilities

  • Central Air
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 24 / 1128

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,207

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, See Remarks
  • District Township: 02-Cape May City
  • Near: West
  • Also Includes: Blinds, Window Treatments
  • Estimated Year Built: 1924
  • New Construction: No
  • Second Address Number: 1240
  • Lot Size2: 50x125
  • Price per Sq Ft: 230.88
  • Selling Agent1: 124
  • Selling Office1: 19
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1924

Interior Features

  • Appliances Included: Range, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Bar, Wood Flooring, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Total Rooms: 11
  • Basement: Full, Outside Entrance, Inside Entrance, Masonry Floors/Wall
  • Estimated Living Sq Ft: 3465
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Laundry/Utility Room, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Dutch Colonial, See Remarks
  • Exterior: Wood
  • House Color: Gray
  • Outside Features: Enclosed/Covered Patio, Storage Building

Garage/Parking

  • Parking Garage: Parking Pad, Assigned Parking, Stone Driveway, See Remarks

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Window Air Conditioning
  • Heating: Gas Natural, Radiator
  • Hot Water: Gas- Natural, Solar
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 24
  • Lot Size: 6001-10000 SqFt
  • Zoning: R2

Tax Info

  • Taxes: 5207.41

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2020
Closed on
Aug 13, 2020
Sold by
Anderson Robert H and Campanella Elissa
Bought by
Chigounis Andrew and Chigounis Kathleen
Seller's Agent
Christina P. Clemans, ABR, CRS, GRI
Tim Kerr Sotheby's International Realty
Buyer's Agent
Christina P. Clemans, ABR, CRS, GRI
Tim Kerr Sotheby's International Realty
List Price
$889,900
Sold Price
$800,000
Premium/Discount to List
-$89,900
-10.1%
Current Estimated Value
$1,468,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$668,336
Avg. Annual Appreciation
11.31%
Original Mortgage
$640,000
Outstanding Balance
$573,092
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$788,249
Source: Public Records

Range of Values:

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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
Chigounis Andrew $800,000 Misc Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chigounis Andrew $640,000
Previous Owner Anderson Robert H $135,000
Previous Owner Anderson Robert H $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market -- -- --
02/01/2025 02/01/25 For Rent -- -- --
08/20/2020 08/20/20 Sold $800,000 -10.1% $231 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
03/16/2020 03/16/20 For Sale $889,900 -- $257 / 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 $7,424 $702,400 $294,000 $408,400
2024 $7,424 $702,400 $294,000 $408,400
2023 $7,544 $702,400 $294,000 $408,400
2022 $7,249 $702,400 $294,000 $408,400
2021 $6,933 $702,400 $294,000 $408,400
2020 $6,813 $702,400 $294,000 $408,400
2019 $6,933 $702,400 $294,000 $408,400
2018 $6,539 $702,400 $294,000 $408,400
2017 $6,209 $702,400 $294,000 $408,400
2016 $5,844 $702,400 $294,000 $408,400
2015 $6,076 $702,400 $294,000 $408,400
2014 $6,076 $702,400 $294,000 $408,400
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Christina P. Clemans, ABR, CRS, GRI

    Tim Kerr Sotheby's International Realty

    (609) 226-9738

    57 in this area

    87 Total Sales

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 201133

Cape May County Association of REALTORS®

APN: 02-01128-0000-00024-0000-C-1

New Jersey Cape May County Cape May 08204

1240 Washington St, Cape May, NJ

This home is located at 1240 Washington St, Cape May, NJ 08204 since 16 March 2020 and is currently estimated at $1,483,143, approximately $428 per square foot. This property was built in 1924. 1240 Washington 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.

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