NOT LISTED FOR SALE

1534 Yacht Ave Unit 1 Cape May, NJ 08204

Estimated Value: $810,337 - $1,009,000

2 Beds
2 Baths
-- Sq Ft
0.56 Acres

Last Sold October 29, 2016

Last sale price $455,000

Est. 102% increase in value since last sale

Current estimated payment $5,264/month

252 Days on Market

Highlights

  • Boat Dock
  • Wood Flooring
  • Ground Level Unit
  • Waterfront
  • Furnished
  • Fireplace

About This Home

As of October 2016

Welcome to the best that Cape May has to offer! You will be entranced by the stunning harbor views the moment you open your new front door! The living room, dining room and kitchen all have gorgeous unobstructed views of the water. Hardwood floors and a gas fire place make this a cozy home to live in all year round. The master bedroom is large and features plenty of closet space and a private bath. The 2nd bedroom is perfect for guests and has convenient access to the hall bath. Your porch is large, plenty of room for a table and chairs; it overlooks the dock and harbor. This is just the place to enjoy your morning coffee or a glass of wine in the evening. You will be mesmerized watching the fishing boats, yachts and kayaks come and go. Better yet stroll down the docks where your boat is moored at your personal 35' long, deep water boat slip (sorry boat not included). Don't bother with your car, pilot your boat across to the famous Lobster House Restaurant for a delicious dinner! Both this condominium and the 10 unit complex that houses it are extremely well maintained. You will be proud to call this piece of heaven on earth your new home!

Last Agent to Sell the Property

Margaret Bethel

COASTLINE REALTY, LLC Listed on: 01/21/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,141

Year Built

  • Built in 1984

Lot Details

  • 0.56

Interior Spaces

  • 2-Story Property
  • Furnished
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Carport
  • Parking Pad
  • Driveway
  • Assigned Parking

Utilities

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

Additional Features

  • Bulkhead
  • Waterfront
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 27 / 1160

Community Details

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,141

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Water Front, Water View
  • District Township: 02-Cape May City
  • Near: Harbor
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • Estimated Year Built: 1984
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1984

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Other Rooms: Living Room, Kitchen, Dining Area

Garage/Parking

  • Parking: Carport, Parking Pad, Assigned Parking, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: 1
  • Common Area Features: Deck/Porch, Dock/Boat Slip, Bulkhead, Cable TV
  • Condo Fees: $255.00 mo
  • Unit Features: Fireplace, Hardwood Floors, Wall To Wall Carpet
  • Unit Location: First Floor, Water View

Lot Info

  • Lot Number: 27
  • Zoning: R-5

Tax Info

  • Taxes: 4140.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2016
Closed on
Oct 29, 2016
Sold by
Ms Prime Ventures Llc
Bought by
Schwarzwalder John P and Schwarzwalder Patricia K
Seller's Agent
Margaret Bethel
COASTLINE REALTY, LLC
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Current Estimated Value
$917,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$462,334
Avg. Annual Appreciation
8.13%

Purchase Details

Closed on
Aug 26, 2005
Sold by
Wiig Jon J and Wiig Carol L
Bought by
Heller Monica and Bradley Samantha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,250
Interest Rate
5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 13, 1998
Sold by
Beattie James W
Bought by
Wiig Jon J and Wiig Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 1997
Sold by
Marks Dr Arthur I
Bought by
Beattie James W

Purchase Details

Closed on
Aug 11, 1989
Sold by
Henry Ragan and Henry Regina
Bought by
Marks Dr Arthur and Marks Gail

Purchase Details

Closed on
Jan 3, 1989
Sold by
Bear Broadcasting Co
Bought by
Henry Ragan and Henry Regina
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
Schwarzwalder John P $45,500,000 Mutual Title Agency Inc
Ms Prime Ventures Llc -- None Available
Heller Monica $599,900 The Title Company Of Jersey
Wiig Jon J $183,900 --
Beattie James W $174,500 --
Marks Dr Arthur $153,000 --
Henry Ragan $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heller Monica $449,250
Previous Owner Wiig Jon J $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2016 10/29/16 Sold $455,000 -4.2% --
09/29/2016 09/29/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $475,000 -- --
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 $4,810 $478,700 $210,000 $268,700
2024 $4,810 $478,700 $210,000 $268,700
2023 $4,891 $478,700 $210,000 $268,700
2022 $4,690 $478,700 $210,000 $268,700
2021 $4,475 $478,700 $210,000 $268,700
2020 $4,393 $478,700 $210,000 $268,700
2019 $4,475 $478,700 $210,000 $268,700
2018 $4,207 $478,700 $210,000 $268,700
2017 $3,982 $478,700 $210,000 $268,700
2016 $3,983 $478,700 $210,000 $268,700
2015 $4,141 $478,700 $210,000 $268,700
2014 $4,141 $478,700 $210,000 $268,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168158

Cape May County Association of REALTORS®

APN: 02-01160-0000-00027-0000-C-01