NOT LISTED FOR SALE

1341B Illinois Ave Cape May, NJ 08204

Estimated Value: $720,000 - $833,000

2 Beds
1 Bath
720 Sq Ft
$1,072/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $675,000 $938 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,377/month

10 Days on Market

Highlights

  • Property fronts an inlet
  • Deck
  • Furnished
  • Island Location
  • Main Floor Primary Bedroom
  • Eat-In Kitchen

About This Home

As of December 2023

Storage shed to be removed prior to Settlement. Sellers Disclosure and Exclusion list in Associated Docs. Subject to Sellers completing a 1031 Exchange. Subject replacement property is currently under contract. Seller signed a contract on 11.01.23; AR is 11.02-11.06.

Last Agent to Sell the Property

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877 Listed on: 10/22/2023

Last Buyer's Agent

Carol Menz

COASTLINE REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,956

Lot Details

  • Lot Dimensions are 47x61
  • Property fronts an inlet

Home Design

  • Quadruplex
  • Vinyl Siding

Interior Spaces

  • Furnished
  • Blinds
  • Living Room
  • Storage
  • Laminate Flooring
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Parking Pad
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Deck
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 41 / 1154

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,956

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: QUAD Unit
  • Location: Inlet, Island
  • District Township: 02-Cape May City
  • Also Includes: Shades, Blinds, Furniture
  • New Construction: No
  • Lot Size2: 47X61
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, 1778
  • Interior Amenities: Smoke/Fire Alarm, Storage, Laminate Flooring
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 5
  • Basement: Crawl Space
  • Other Rooms: Living Room, Eat-In-Kitchen, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: See Remarks
  • Exterior: Vinyl
  • Outside Features: Deck

Garage/Parking

  • Parking Garage: Parking Pad, 1 Car, Assigned Parking

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 41
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 2955.65
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2023
Closed on
Dec 8, 2023
Sold by
Harca Kevin J
Bought by
Liptak Oknan
Seller's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$675,000
Sold Price
$675,000
Views
43
Current Estimated Value
$772,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,043
Avg. Annual Appreciation
6.01%

Purchase Details

Closed on
Mar 21, 2014
Sold by
Galloway Patrick
Bought by
Hatch Kevin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Liptak Oknan $675,000 Title Company Of Jersey
Hatch Kevin J $220,000 The Title Company Of Jersey
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hatch Kevin J $176,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $675,000 0.0% $938 / Sq Ft
11/01/2023 11/01/23 Pending -- -- --
10/22/2023 10/22/23 For Sale $675,000 -- $938 / Sq Ft
Source: Cape May County Association of REALTORS®

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 $3,027 $361,300 $187,000 $174,300
2024 $3,027 $286,400 $187,000 $99,400
2023 $3,076 $286,400 $187,000 $99,400
2022 $2,956 $286,400 $187,000 $99,400
2021 $2,827 $286,400 $187,000 $99,400
2020 $2,778 $286,400 $187,000 $99,400
2019 $2,827 $286,400 $187,000 $99,400
Source: Public Records

Agents Affiliated with this Home

  • Ryan Griffin

    Seller's Agent in 2023

    Ryan Griffin

    deSatnick Real Estate LLC - Cape May

    (609) 602-5578

    48 in this area

    111 Total Sales

    Ryan Griffin
    Section Image
  • Carol Menz

    Buyer's Agent in 2023

    Carol Menz

    COASTLINE REALTY, LLC

    (609) 374-0325

    90 in this area

    248 Total Sales

    Carol Menz
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 232864

Cape May County Association of REALTORS®

APN: 02-01154-0000-00041

New Jersey Cape May County Cape May 08204

1341B Illinois Ave, Cape May, NJ

Not Listed for Sale

MultiFamily

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