NOT LISTED FOR SALE

1520 Yacht Ave Unit 101 Cape May, NJ 08204

Estimated Value: $838,256 - $917,000

2 Beds
2 Baths
1,070 Sq Ft
$117/mo HOA Fee

Last Sold November 25, 2019

Last sale price $430,000 $402 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $5,202/month

14 Days on Market

Highlights

  • Water Views
  • Property near a bay
  • Corner Lot
  • Boat Dock
  • Island Location
  • Furnished

About This Home

As of November 2019

Please call appointment line to schedule appointments. Lockbox on property. Seller's Disclosure in Associated Documents.

Last Agent to Sell the Property

Mary Hinchcliffe

deSatnick Real Estate LLC - Cape May Listed on: 10/01/2019

Last Buyer's Agent

Carly Rallo

deSatnick Real Estate LLC - Lower Township

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1987

Lot Details

  • 0.69

HOA Fees

  • $117 Monthly HOA Fees

Interior Spaces

  • 1,070 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Storage Room
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Assigned Parking

Outdoor Features

  • Property near a bay
  • Bulkhead

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 39 / 1160

Community Details

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,331

Year Built

Built in 1987

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island, Water View
  • District Township: 02-Cape May City
  • Near: Cape May Harbor
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture, Other (See Remarks)
  • Estimated Year Built: 1987
  • Bay Proximity: 1 Block
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_ADDRESS2: Unit 101
  • Second Address Number: 1520
  • Price per Sq Ft: 401.87
  • Selling Agent1: 4322
  • Selling Office1: 21
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1987

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 1070
  • Other Rooms: Living Room, Dining Room, Kitchen, Breakfast Nook, Dining Area, Laundry/Utility Room, Storage Space, Other

Garage/Parking

  • Parking: Carport, 1 Car, Assigned Parking

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 101
  • Common Area Features: Deck/Porch, Storage Facilities, Dock/Boat Slip, Bulkhead, Cable TV, Pool, Other (See Remarks)
  • Condo Fees: 350
  • Unit Features: Wall To Wall Carpet
  • Unit Location: Corner, First Floor, Other (See Remarks), Water View

Lot Info

  • Lot Number: 39
  • Zoning: R

Tax Info

  • Taxes: 4331.01
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2001
Sold by
Capuano Teresa A
Bought by
Lee Richard E and Lee Carol J
Current Estimated Value
$877,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1988
Sold by
Schilling William
Bought by
Mckeone Joseph
Source: Public Records

Range of Values:

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Average Value
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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
Lee Richard E $239,000 --
Mckeone Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andresen Christer M $377,000
Closed Lee Richard E $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $430,000 +3.6% $402 / Sq Ft
10/15/2019 10/15/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $415,000 -- $388 / 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 $4,917 $465,200 $270,000 $195,200
2024 $4,917 $465,200 $270,000 $195,200
2023 $4,996 $465,200 $270,000 $195,200
2022 $4,801 $465,200 $270,000 $195,200
2021 $4,592 $465,200 $270,000 $195,200
2020 $4,512 $465,200 $270,000 $195,200
2019 $4,592 $465,200 $270,000 $195,200
2018 $4,331 $465,200 $270,000 $195,200
2017 $4,112 $465,200 $270,000 $195,200
2016 $3,870 $465,200 $270,000 $195,200
2015 $4,024 $465,200 $270,000 $195,200
2014 $4,024 $465,200 $270,000 $195,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Mary Hinchcliffe

    deSatnick Real Estate LLC - Cape May

    (609) 884-1300

    17 in this area

    68 Total Sales

    Mary Hinchcliffe
    Section Image

  • C

    Buyer's Agent in 2019

    Carly Rallo

    deSatnick Real Estate LLC - Lower Township

    (609) 602-3206

    2 in this area

    35 Total Sales

    Carly Rallo
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 189896

Cape May County Association of REALTORS®

APN: 02-01160-0000-00039-0000-C-101

New Jersey Cape May County Cape May 08204

1520 Yacht Ave Unit 101, Cape May, NJ

This home is located at 1520 Yacht Ave Unit 101, Cape May, NJ 08204 since 01 October 2019 and is currently estimated at $877,564, approximately $820 per square foot. This property was built in 1987. 1520 Yacht Ave Unit 101 is a home located in Cape May County with nearby schools including Cape May City Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High School.

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