NOT LISTED FOR SALE

1386 Lafayette St Cape May, NJ 08204

Estimated Value: $773,000 - $1,558,000

3 Beds
2 Baths
1,912 Sq Ft
$565/Sq Ft Est. Value

Last Sold October 30, 2020

Last sale price $467,500 $245 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $6,064/month

366 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Fenced Yard
  • Island Location
  • Victorian Architecture
  • Porch

About This Home

As of October 2020

Living room chandelier is not included. Owner will be replacing. This is not original to the home and was a recent purchase. Please see Associated Docs for Seller Disclosure, Architectural Survey and Boundary Survey.

Last Agent to Sell the Property

Edward Connolly

COASTLINE REALTY, LLC License #0560021 Listed on: 09/22/2019

Last Buyer's Agent

Carly Rallo

deSatnick Real Estate LLC - Lower Township

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,003

Lot Details

  • Lot Dimensions are 83 x 102
  • Fenced Yard
  • Interior Lot
  • Property is zoned R-2

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 1,912 Sq Ft Home
  • 2-Story Property
  • Drapes & Rods
  • Living Room
  • Dining Room
  • Storage
  • Wood Flooring
  • Water Views
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Home Security

  • Alarm System
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Outdoor Storage
  • Porch

Location

  • Island Location

Utilities

  • Window Unit Cooling System
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater
  • Water Heated On Demand
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / 1145

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Island, Water View
  • District Township: 02-Cape May City
  • Near: Cape May Horbor
  • Also Includes: Curtains, Shades
  • New Construction: No
  • Lot Size2: 83 x 102
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Burglar Alarm, Smoke/Fire Detector
  • Interior Amenities: Wood Flooring, Storage, Walk in Closet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 8
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 1912
  • Other Rooms: Living Room, Dining Room, Eat-In-Kitchen, Storage Attic, Laundry Closet

Exterior Features

  • Construction: Two Story, Victorian, See Remarks
  • Exterior: Wood
  • Frontage: 83
  • Outside Features: Porch, Fenced Yard, Storage Building, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: Stone Driveway, See Remarks, 4 car parking

Utilities

  • Cooling: Central Air Condition, Electric, Window Air Conditioning
  • Heating: Gas Natural, Electric, Baseboard, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural, On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 7
  • Lot Size: 6001-10000 SqFt
  • Zoning: R-2

Tax Info

  • Taxes: 4003
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2019
Closed on
Oct 27, 2020
Sold by
Wells Anne C
Bought by
Somoza Gabriella
Seller's Agent
Edward Connolly
COASTLINE REALTY, LLC
Buyer's Agent
Carly Rallo
deSatnick Real Estate LLC - Lower Township
List Price
$625,000
Sold Price
$467,500
Premium/Discount to List
-$157,500
-25.2%
Current Estimated Value
$1,080,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$613,364
Avg. Annual Appreciation
18.29%
Original Mortgage
$444,125
Outstanding Balance
$395,917
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$684,947

Purchase Details

Closed on
Mar 31, 2014
Sold by
Gattuso Barbara S and Gattuso Francesco
Bought by
Wells Anne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,425
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 23, 1993
Sold by
Simon Emily M
Bought by
Schofield Edward C and Schofield Margaret

Purchase Details

Closed on
Aug 7, 1992
Sold by
Schofield Edward C
Bought by
Schofield Edward and Schofield Margaret
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
Somoza Gabriella $467,500 Misc Company
Wells Anne C $370,000 The Title Company Of Jersey
Schofield Edward C $68,000 --
Schofield Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Somoza Gabriella $444,125
Previous Owner Wells Anne C $315,425
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2020 10/30/20 Sold $467,500 -25.2% $245 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
09/22/2019 09/22/19 For Sale $625,000 -- $327 / 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 $4,545 $430,000 $295,800 $134,200
2024 $4,545 $430,000 $295,800 $134,200
2023 $4,618 $430,000 $295,800 $134,200
2022 $4,438 $430,000 $295,800 $134,200
2021 $4,171 $430,000 $295,800 $134,200
2020 $4,171 $430,000 $295,800 $134,200
2019 $4,244 $430,000 $295,800 $134,200
2018 $4,003 $430,000 $295,800 $134,200
2017 $3,801 $430,000 $295,800 $134,200
2016 $3,578 $430,000 $295,800 $134,200
2015 $3,720 $430,000 $295,800 $134,200
2014 $3,470 $430,000 $295,800 $134,200
Source: Public Records

Agents Affiliated with this Home

  • Edward Connolly

    Seller's Agent in 2020

    Edward Connolly

    COASTLINE REALTY, LLC

    (609) 602-3089

    6 in this area

    25 Total Sales

    Edward Connolly
    Section Image

  • C

    Buyer's Agent in 2020

    Carly Rallo

    deSatnick Real Estate LLC - Lower Township

    (609) 602-3206

    1 in this area

    33 Total Sales

    Carly Rallo
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 189731

Cape May County Association of REALTORS®

APN: 02-01145-0000-00007

New Jersey Cape May County Cape May 08204

1386 Lafayette St, Cape May, NJ

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