NOT LISTED FOR SALE

1534 Yacht Ave Unit 7 Cape May, NJ 08204

Estimated Value: $1,145,000 - $1,326,000

3 Beds
2 Baths
1,592 Sq Ft
$451/mo HOA Fee

Last Sold June 20, 2022

Last sale price $1,100,000 $691 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,629/month

49 Days on Market

Highlights

  • Boat Dock
  • Waterfront
  • Fireplace
  • Spa
  • Island Location
  • Living Room

About This Home

As of June 2022

Boat slip is assigned in Master Deed and is approximately 40 feet. Furnishings are negotiable. No current assessments by HOA. Hallways in all buildings are being renovated and cost is to come from reserves (no scheduled date yet). Owner has never rented however HOA does permit weekly rentals. Owner permitted pets.

Last Agent to Sell the Property

Mary Hinchcliffe

deSatnick Real Estate LLC - Cape May Listed on: 03/13/2022

Last Buyer's Agent

Fredric Spackman

Cape May County Real Estate Brokers LLC - CH

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,209

Year Built

  • Built in 1982

Lot Details

  • 0.56

HOA Fees

  • $451 Monthly HOA Fees

Interior Spaces

  • 1,592 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Wall to Wall Carpet
  • Water Views
  • Alarm System

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Assigned Parking

Pool

  • Spa
  • Outdoor Shower

Utilities

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

Additional Features

  • Bulkhead
  • Waterfront
  • Island Location

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

$5,209

Year Built

Built in 1982

Lot Details

0

HOA Fees

$451 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island, Water Front, Water View
  • District Township: 02-Cape May City
  • Near: Cape May Harbor
  • Also Includes: Drapes, Curtains, Blinds, Other (See Remarks)
  • Estimated Year Built: 1982
  • New Construction: No
  • Capital Contribution: Yes
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 1534
  • Price per Sq Ft: 690.95
  • Selling Agent1: 318
  • Selling Office1: 738
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1982

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Burglar Alarm, Smoke/Fire Detector, Wine Cooler
  • Number Of Stories: Three
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1592
  • Other Rooms: Living Room, Kitchen, Dining Area, Other

Garage/Parking

  • Parking: Carport, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Unit: 7
  • Common Area Features: Deck/Porch, Dock/Boat Slip, Bulkhead, Cable TV, Outside Shower, Other (See Remarks)
  • Condo Fees: 451
  • Unit Features: Fireplace, Kitchen Center Island, Wall To Wall Carpet, Whirpool/Spa
  • Unit Location: Other (See Remarks), Top Floor, Water View

Lot Info

  • Lot Number: 27

Tax Info

  • Taxes: 5208.9
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2022
Closed on
Jun 17, 2022
Sold by
Marks Arthur I and Marks Gail
Bought by
Michelle Yechout Tax Exempt Trust and Revocable Trust
Seller's Agent
Mary Hinchcliffe
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Fredric Spackman
Cape May County Real Estate Brokers LLC - CH
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Current Estimated Value
$1,263,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,474
Avg. Annual Appreciation
4.25%

Purchase Details

Closed on
Sep 26, 1995
Sold by
Seitz Carl
Bought by
Marks Arthur and Marks Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
7.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Michelle Yechout Tax Exempt Trust $1,100,000 Foundation Title
Michelle Yechout Tax Exempt Trust $1,100,000 Foundation Title
Marks Arthur $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marks Arthur $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2022 06/20/22 Sold $1,100,000 -12.0% $691 / Sq Ft
05/01/2022 05/01/22 Pending -- -- --
03/13/2022 03/13/22 For Sale $1,250,000 -- $785 / 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 $5,676 $537,000 $275,000 $262,000
2024 $5,676 $537,000 $275,000 $262,000
2023 $5,767 $537,000 $275,000 $262,000
2022 $5,542 $537,000 $275,000 $262,000
2021 $5,300 $537,000 $275,000 $262,000
2020 $5,209 $537,000 $275,000 $262,000
2019 $5,300 $537,000 $275,000 $262,000
2018 $4,999 $537,000 $275,000 $262,000
2017 $5,929 $670,700 $310,000 $360,700
2016 $5,580 $670,700 $310,000 $360,700
2015 $5,802 $670,700 $310,000 $360,700
2014 $5,802 $670,700 $310,000 $360,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mary Hinchcliffe

    deSatnick Real Estate LLC - Cape May

    (609) 884-1300

    15 in this area

    65 Total Sales

    Mary Hinchcliffe
    Section Image

  • F

    Buyer's Agent in 2022

    Fredric Spackman

    Cape May County Real Estate Brokers LLC - CH

    (609) 851-4072

    4 in this area

    42 Total Sales

    Fredric Spackman
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 220646

Cape May County Association of REALTORS®

APN: 02-01160-0000-00027-0000-C-07

New Jersey Cape May County Cape May 08204

1534 Yacht Ave Unit 7, Cape May, NJ

This home is located at 1534 Yacht Ave Unit 7, Cape May, NJ 08204 since 13 March 2022 and is currently estimated at $1,263,474, approximately $793 per square foot. This property was built in 1982. 1534 Yacht Ave Unit 7 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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