NOT LISTED FOR SALE

1527 Yacht Ave Cape May, NJ 08204

Estimated Value: $1,747,000 - $2,465,000

2 Beds
2 Baths
-- Sq Ft
6,750 Sq Ft Lot

Last Sold January 07, 2021

Last sale price $1,750,000

Est. 19% increase in value since last sale

Current estimated payment $12,112/month

Highlights

  • Home fronts navigable water
  • No HOA
  • Creek or Stream
  • Water Access
  • Cottage
  • Heating Available

About This Home

As of January 2021

Waterfront development opportunity! 90' of new bulkhead and floating docks. Coastal Area Facility Review Act (CAFRA) permit obtained from The State of New Jersey which sets the benchmark for the footprint of a new building. Riparian and tidelands lease water rights. Site plan, survey, CAFRA permit and tidelands lease documents available. SOLD AS IS.

Last Agent to Sell the Property

Todd deSatnick

(609) 780-2033 jconway@desatnickrealestate.com DESATNICK REAL ESTATE, LLC Listed on: 09/16/2020

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,624

Year Built

  • Built in 1940

Lot Details

  • 6,750 Sq Ft Lot
  • Home fronts navigable water
  • Creek or Stream
  • Property is zoned R5

Parking

  • Off-Street Parking

Home Design

  • Cottage

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Property has 1 Level
  • Water Access
  • Heating Available

Community Details

  • No Home Owners Association
  • Cape May City Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02-01160-00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,624

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cottage
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: Waterfront development opportunity! 90' of new bulkhead and floating docks. Coastal Area Facility Review Act (CAFRA) permit obtained fromThe State of New Jersey which sets the benchmark for the footprint of a new building. Riparian and tidelands lease water rights. Site plan,survey, CAFRA permit and tidelands lease documents available. SOLD AS IS.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 1
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1527 - 1529

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Water Access: Yes
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: CAPE MAY CITY SCHOOLS
  • School District Key: 300200396106
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.15
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6750.00
  • Zoning: R5

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3750570
  • Tax Annual Amount: 10624.00
  • Assessor Parcel Number: 02-01160-00020
  • Tax Year: 2020
  • Close Date: 01/07/2021

MLS Schools

  • School District Name: CAPE MAY CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Jan 6, 2021
Sold by
Cm Yacht Marine Llc
Bought by
Hudson Mabeth W and Hudson Daniel S
Seller's Agent
Todd deSatnick
DESATNICK REAL ESTATE, LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,999,999
Sold Price
$1,750,000
Premium/Discount to List
-$249,999
-12.5%
Current Estimated Value
$2,089,735

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,735
Avg. Annual Appreciation
3.78%

Purchase Details

Closed on
Jun 27, 2011
Sold by
Lummis James F and Lummis Karen A
Bought by
Cm Yacht Marine Llc
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
Hudson Mabeth W $1,750,000 Misc Company
Cm Yacht Marine Llc $650,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2021 01/07/21 Sold $1,750,000 0.0% -- View Prior Sale
01/07/2021 01/07/21 Sold $1,750,000 -12.5% --
11/23/2020 11/23/20 Pending -- -- --
11/23/2020 11/23/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $1,999,999 0.0% --
09/01/2020 09/01/20 For Sale $1,999,999 -- --
Source: Bright MLS

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 $12,397 $1,222,100 $544,300 $677,800
2024 $12,397 $1,172,800 $495,000 $677,800
2023 $5,463 $508,700 $495,000 $13,700
2022 $5,250 $508,700 $495,000 $13,700
2021 $5,179 $508,700 $495,000 $13,700
2020 $4,934 $508,700 $495,000 $13,700
2019 $5,021 $508,700 $495,000 $13,700
2018 $4,736 $508,700 $495,000 $13,700
2017 $4,497 $508,700 $495,000 $13,700
2016 $4,232 $508,700 $495,000 $13,700
2015 $4,400 $508,700 $495,000 $13,700
2014 $4,400 $508,700 $495,000 $13,700
Source: Public Records

Agents Affiliated with this Home

  • Todd deSatnick

    Seller's Agent in 2021

    Todd deSatnick

    DESATNICK REAL ESTATE, LLC

    (609) 780-2033

    36 in this area

    60 Total Sales

    Section Image

  • A

    Buyer's Agent in 2021

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: Bright MLS

MLS Number: NJCM104456

Bright MLS

APN: 02-01160-0000-00020

New Jersey Cape May County Cape May 08204

1527 Yacht Ave, Cape May, NJ

This home is located at 1527 Yacht Ave, Cape May, NJ 08204 since 16 September 2020 and is currently estimated at $2,089,735. This property was built in 1940. 1527 Yacht Ave 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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