NOT LISTED FOR SALE

1351A Vermont Ave Cape May, NJ 08204

Estimated Value: $684,510 - $777,000

2 Beds
1 Bath
841 Sq Ft
$865/Sq Ft Est. Value

Last Sold December 31, 2019

Last sale price $275,000 $327 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $4,101/month

54 Days on Market

Highlights

  • Island Location
  • Enclosed Patio or Porch
  • Interior Lot
  • Ranch Style House
  • Eat-In Kitchen
  • 4-minute walk to Harborview Park

About This Home

As of December 2019

Agents: Showings may be confirmed using the ShowingTime App in Paragon. The property is Vacant and Easy To Show. Seller has performed a WDI Inspection and has obtained proposals for various items at the home. All items are available in Associated Documents to share with your clients. Property to be sold as-is.

Last Agent to Sell the Property

Brian Groetsch

RE/MAX SURFSIDE License #0451111 Listed on: 10/24/2019

RE/MAX SURFSIDE

Co-Listed By

Christine Lynn

RE/MAX SURFSIDE License #0336886

Last Buyer's Agent

james hanson

HOMESTEAD REAL ESTATE CO. INC. License #8542129

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,805

Year Built

  • Built in 1985

Lot Details

  • Lot Dimensions are 47 x 61
  • Interior Lot

Home Design

  • Quadruplex
  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 841 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Crawl Space
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Driveway
  • Assigned Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Location

  • Island Location

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 40 / 1158

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,805

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: QUAD Unit
  • Location: Inside Lot, Island
  • District Township: 02-Cape May City
  • Near: Marina District
  • Also Includes: Window Treatments
  • Estimated Year Built: 1985
  • New Construction: No
  • OFFICELIST_ADDRESS2: Village Green
  • Listing Office2: 612
  • Lot Size2: 47 x 61
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Appliances Included: Range, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Wall to Wall Carpet, Vinyl Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 4
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 841
  • Other Rooms: Living Room, Eat-In-Kitchen, Storage Attic, Laundry Closet

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 47
  • Outside Features: Enclosed/Covered Patio, Storage Building, Cable TV, Sidewalks

Garage/Parking

  • Parking Garage: 1 Car, Assigned Parking, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan
  • Heating: Electric, Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 40
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 301300

Tax Info

  • Taxes: 2805.1
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2020
Sold by
Erin Shrs Dev Llc
Bought by
Pennisi Angelo and Pennisi Christine
Current Estimated Value
$727,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$279,542
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$448,336

Purchase Details

Listed on
Oct 24, 2019
Closed on
Dec 27, 2019
Sold by
Szlachta Francis S Est
Bought by
Developmetnt Erin Shore
Seller's Agent
Brian Groetsch
RE/MAX SURFSIDE
Buyer's Agent
james hanson
HOMESTEAD REAL ESTATE CO. INC.
List Price
$315,000
Sold Price
$275,000
Premium/Discount to List
-$40,000
-12.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.17%

Purchase Details

Closed on
Jun 15, 1992
Sold by
Steger Steven R and Margaret Mary
Bought by
Szlachta Francis S
Source: Public Records

Range of Values:

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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
Pennisi Angelo $415,000 State Title
Developmetnt Erin Shore $275,000 None Available
Szlachta Francis S $103,000 --
Szlachta Francis S $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pennisi Angelo $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2019 12/31/19 Sold $275,000 -12.7% $327 / Sq Ft
12/17/2019 12/17/19 Pending -- -- --
10/24/2019 10/24/19 For Sale $315,000 -- $375 / 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 $3,398 $321,500 $187,000 $134,500
2024 $3,398 $321,500 $187,000 $134,500
2023 $3,453 $321,500 $187,000 $134,500
2022 $3,318 $321,500 $187,000 $134,500
2021 $3,273 $321,500 $187,000 $134,500
2020 $2,923 $301,300 $187,000 $114,300
2019 $2,974 $301,300 $187,000 $114,300
2018 $2,805 $301,300 $187,000 $114,300
2017 $2,663 $301,300 $187,000 $114,300
2016 $2,507 $301,300 $187,000 $114,300
2015 $2,606 $301,300 $187,000 $114,300
2014 $2,606 $301,300 $187,000 $114,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Groetsch

    Seller's Agent in 2019

    Brian Groetsch

    RE/MAX SURFSIDE

    (609) 972-6339

    33 in this area

    119 Total Sales

    Brian Groetsch
    Section Image
  • Christine Lynn

    Seller Co-Listing Agent in 2019

    Christine Lynn

    RE/MAX SURFSIDE

    (609) 780-7344

    25 in this area

    107 Total Sales

    Christine Lynn
    Section Image

  • j

    Buyer's Agent in 2019

    james hanson

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 374-0255

    3 in this area

    8 Total Sales

    james hanson
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 190243

Cape May County Association of REALTORS®

APN: 02-01158-0000-00040

New Jersey Cape May County Cape May 08204

1351A Vermont Ave, Cape May, NJ

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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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