1520 New Jersey Ave Unit 117 Cape May, NJ 08204
Estimated payment $3,406/month
Highlights
- Property is near a beach
- Island Location
- Ground Level Unit
- Building is beachfront but unit may not have water views
- Furnished
- Community Pool
About This Home
Don’t miss your chance to make this beach block updated condominium unit within the sought-after Cape Roc Condos of beautiful Cape May yours! This first-floor, one-bedroom, one-bathroom unit offers the perfect blend of relaxation and convenience with Cape May’s pristine beaches conveniently nearby. Step inside to find a turnkey, move-in-ready space, sold fully furnished to ensure immediate enjoyment. The efficient floorplan features a rear bedroom with two beds, ample storage space, and a south-facing window with excellent natural lighting. A full bathroom with a shower/tub combo is centrally located between the bedroom and the main living space. The main living space features a dining area, a full kitchen, an entertainment space, and additional sleeping capacity via a pullout sofa and daybed. Cape Roc Condominiums provide an array of desirable amenities, including a heated swimming pool, on-site gas grills, dedicated off-street parking, spacious patios for outdoor enjoyment, and secure bike racks. Imagine savoring ocean breezes while grilling poolside or embarking on an evening bike ride to Cape May's vibrant downtown, filled with exquisite restaurants and unique shops. This well-maintained unit offers an exceptional investment opportunity, boasting a strong rental history dating back to 2022. Peak summer weeks command up to $2,200 per week in rent, and the property achieved an estimated $21,910 Gross Rental Income in 2025. This flexibility allows for personal use, rental income, or a perfect blend of both. Condo fees are reasonable at $375 per month, covering hot and cold water, exterior maintenance, pool upkeep, main building property insurance, and trash/recycling services. The shared on-site laundry rooms for Cape Roc were recently updated and are conveniently located on each level. Owners are responsible for electric, cable, and internet for their condo unit. The community is pet-friendly for owners, but renters are not permitted to bring pets. There is a one-time capital contribution fee of $1,125 and a $250 condo association package for new unit owners. There is a special assessment approved for 2026 to fund capital improvements, specifically replacing the elevators and installing new railings. The assessment is equivalent to four months of each unit's regular condo fees. For Unit 117, this total assessment equals $1,500. The $1,500 is split equally and will be due with each quarterly condo fee Q1, 2026. This is a rare opportunity to own a piece of Cape May paradise in a highly desirable location. Don't miss out, schedule your showing today! This gem won't last long.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,223
Year Built
- Built in 1970
HOA Fees
- $375 Monthly HOA Fees
Parking
- 1 Parking Space
Interior Spaces
- 532 Sq Ft Home
- 1-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Living Room
- Dining Area
- Laundry Room
Kitchen
- Oven
- Range
- Microwave
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Home Security
Location
- Ground Level Unit
- Island Location
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Additional Features
- Property is near a beach
- Building is beachfront but unit may not have water views
Listing and Financial Details
- Legal Lot and Block 5 / 1174
Community Details
Amenities
- Building Patio
- Elevator
Recreation
- Community Pool
Pet Policy
- Pets Allowed
Additional Features
- Fire and Smoke Detector
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,223 | $210,300 | $98,000 | $112,300 |
| 2024 | $2,223 | $210,300 | $98,000 | $112,300 |
| 2023 | $2,259 | $210,300 | $98,000 | $112,300 |
| 2022 | $2,170 | $210,300 | $98,000 | $112,300 |
| 2021 | $2,076 | $210,300 | $98,000 | $112,300 |
| 2020 | $2,040 | $210,300 | $98,000 | $112,300 |
| 2019 | $2,076 | $210,300 | $98,000 | $112,300 |
| 2018 | $1,958 | $210,300 | $98,000 | $112,300 |
| 2017 | $1,859 | $210,300 | $98,000 | $112,300 |
| 2016 | $2,182 | $262,300 | $150,000 | $112,300 |
| 2015 | $2,269 | $262,300 | $150,000 | $112,300 |
| 2014 | $2,269 | $262,300 | $150,000 | $112,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/13/2025 11/13/25 | For Sale | $540,000 | +27.1% | $1,015 / Sq Ft | |
| 08/08/2022 08/08/22 | Sold | $425,000 | +1.4% | $799 / Sq Ft | View Prior Sale |
| 07/21/2022 07/21/22 | Pending | -- | -- | -- | |
| 06/27/2022 06/27/22 | For Sale | $419,000 | -- | $788 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $425,000 | Gilman Cory J | |
| Deed | $425,000 | Gilman Cory J | |
| Deed | $345,000 | Infinity Title | |
| Deed | $345,000 | Infinity Title | |
| Bargain Sale Deed | $211,000 | The Title Company Of Jersey |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $318,150 | New Conventional | |
| Closed | $318,150 | New Conventional | |
| Previous Owner | $310,500 | New Conventional | |
| Previous Owner | $168,800 | Adjustable Rate Mortgage/ARM |
Source: Cape May County Association of REALTORS®
MLS Number: 253340
APN: 02-01174-0000-00005-0000-C-117
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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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