NOT LISTED FOR SALE

1502 Franklin Ave Cape May, NJ 08204

Estimated Value: $545,000 - $717,836

3 Beds
2 Baths
812 Sq Ft
$784/Sq Ft Est. Value

Sale Details

Date Sold: June 19, 2020

Last sale price $360,000 $443 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,819 / mo

70 Days on Market

Highlights

  • Property near a bay
  • Wood Flooring
  • Eat-In Kitchen
  • Ranch Style House
  • Porch
  • Walk-In Closet

About This Home

As of June 2020

Flood elevation is in associated docs along with a flood insurance quote. Seller is installing a brand new A/C system.

Last Agent to Sell the Property

Theresa L. Senico, ABR,GRI,SRES

deSatnick Real Estate LLC - Lower Township Listed on: 03/07/2020

Last Buyer's Agent

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,656

Lot Details

  • Lot Dimensions are 80 x 100

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Living Room
  • Dining Area
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Property near a bay
  • Porch

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 2 / 659

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,656

Lot Details

1.84 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • Near: Delaware Bay
  • Bay Proximity: 2 Blocks
  • New Construction: No
  • Lot Size2: 80 x 100
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Refrigerator, Dishwasher, Stove Natural Gas
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Walk in Closet, Tile Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 6
  • Basement: Crawl Space
  • Other Rooms: Living Room, Eat-In-Kitchen, Dining Area, Laundry/Utility Room, Storage Attic

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 80
  • House Color: Grey
  • Outside Features: Porch

Garage/Parking

  • Parking Garage: Concrete Driveway

Utilities

  • Cooling: Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 2
  • Lot Size: 6001-10000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 3656
  • Tax Year: 2019

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2020
Closed on
Jun 18, 2020
Sold by
Bought by
Seller's Agent
Theresa L. Senico, ABR,GRI,SRES
deSatnick Real Estate LLC - Lower Township
Buyer's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
List Price
$379,900
Sold Price
$360,000
Premium/Discount to List
-$19,900
-5.24%
Current Estimated Value
$636,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$276,209
Avg. Annual Appreciation
9.90%
Original Mortgage
$248,300
Outstanding Balance
$215,670
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$420,539

Purchase Details

Closed on
May 19, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
8.08%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$360,000 Misc Company
$80,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $248,300
Previous Owner $64,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/19/2020 06/19/20 Sold $360,000 -5.2% $443 / Sq Ft
05/16/2020 05/16/20 Pending -- -- --
03/07/2020 03/07/20 For Sale $379,900 -- $468 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,581 $225,900 $149,000 $76,900
2025 $4,581 $225,900 $149,000 $76,900
2024 $4,581 $225,900 $149,000 $76,900
2023 $4,052 $202,700 $149,000 $53,700
2022 $3,928 $202,700 $149,000 $53,700
2021 $3,811 $202,700 $149,000 $53,700
2020 $3,750 $202,700 $149,000 $53,700
2019 $3,657 $202,700 $149,000 $53,700
2018 $3,570 $202,700 $149,000 $53,700
2017 $3,574 $202,700 $149,000 $53,700
2016 $3,519 $202,700 $149,000 $53,700
2015 $3,405 $202,700 $149,000 $53,700
2014 $3,183 $195,900 $149,000 $46,900
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Theresa L. Senico, ABR,GRI,SRES

    deSatnick Real Estate LLC - Lower Township

  • Ryan Griffin

    Buyer's Agent in 2020

    Ryan Griffin

    deSatnick Real Estate LLC - Cape May

    (609) 602-5578

    107 Total Sales

    Ryan Griffin
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 200997

Cape May County Association of REALTORS®

APN: 05-00659-0000-00002

New Jersey Cape May County Cape May 08204

1502 Franklin 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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