NOT LISTED FOR SALE

1534 Yacht Ave Unit 8 Cape May, NJ 08204

Estimated Value: $1,023,000 - $1,334,000

3 Beds
2 Baths
-- Sq Ft
0.56 Acres

Last Sold August 12, 2016

Last sale price $525,000

Est. 117% increase in value since last sale

Current estimated payment $6,518/month

364 Days on Market

Highlights

  • Boat Dock
  • Spa
  • Furnished
  • Property Fronts a Bay or Harbor
  • Corner Lot
  • Skylights

About This Home

As of August 2016

This fabulous End unit offers Views of a lifetime!! Yacht Avenue is the best kept secret in all of Cape May. With a Open Floor Plan this is a perfect family retreat and will serve your rental guests well should you chose to use this as an investment property. Currently renting for 10-12 weeks per year @ $1,975 in season rate. This 3 bedroom, 2 bath, Condo/Townhouse boasts multiple decks for you to enjoy the amazing Harbor Views. With your very own Boat Slip that is currently housing a 31 Ft Bertram you will be the envy of all of your friends. Of course boat is not included but bring your own and buy your boat a house. This location is truly a boaters delight in every way the condo/townhouse is simply a wonderful bonus to your boating experience. The condo features a single carport parking along with an additional guest parking spot, central air, gas heat and gas appliances, gas fireplace and whirpool tub make this an absolute MUST SEE! Add this to your list of Condo Units to see it is priced well below assessed value and is one of the larger Victorian Harbor Units. Separate 3rd floor entrance allows this unit to have options of using the master bedroom suite and still renting the main unit. Possibilities abound!! Only unit with an additional exterior private brand new stair case along with interior stairs leading to all levels.

Last Agent to Sell the Property

Dagmer Chew

HOMESTEAD REAL ESTATE CO. INC. Listed on: 07/15/2015

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,988

Year Built

  • Built in 1984

Lot Details

  • Property Fronts a Bay or Harbor

Interior Spaces

  • 3-Story Property
  • Furnished
  • Skylights
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport

Outdoor Features

  • Spa
  • Bulkhead

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 27 / 1160

Community Details

Recreation

  • Boat Dock

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,988

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Corner, Water Front, Water View
  • District Township: 02-Cape May City
  • Also Includes: Drapes, Curtains, Blinds, Furniture
  • Estimated Year Built: 1984
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1984

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Three
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Storage Space

Garage/Parking

  • Parking: Carport, 1 Car

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 8
  • Common Area Features: Deck/Porch, Dock/Boat Slip, Bulkhead, Cable TV
  • Condo Fees: $381 month
  • Unit Features: Fireplace, Wall To Wall Carpet, Whirpool/Spa, Skylight
  • Unit Location: Water View, Corner

Lot Info

  • Lot Number: 27
  • Total Assessment: 692300

Tax Info

  • Taxes: 5988.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2015
Closed on
Aug 12, 2016
Sold by
Beale Noel K and Beale Virginia D
Bought by
Foulke Patrick and Powell Leanne M
Seller's Agent
Dagmer Chew
HOMESTEAD REAL ESTATE CO. INC.
List Price
$639,900
Sold Price
$525,000
Premium/Discount to List
-$114,900
-17.96%
Current Estimated Value
$1,137,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,804
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
Sep 22, 1995
Sold by
Chmielewski Robert E
Bought by
Beale Noel K and Beale Virginia D

Purchase Details

Closed on
Feb 11, 1993
Sold by
Chmielewski Jean Marie
Bought by
Chmielewski Robert E and Jean Marie

Purchase Details

Closed on
May 7, 1991
Sold by
Chmielewski Robert E and Jean Marie
Bought by
Chielewski Jean Marie
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
Foulke Patrick $525,000 Your Hometown Title
Beale Noel K $200,000 --
Chmielewski Robert E -- --
Chielewski Jean Marie -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2016 08/12/16 Sold $525,000 -18.0% --
07/13/2016 07/13/16 Pending -- -- --
07/15/2015 07/15/15 For Sale $639,900 -- --
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 $5,761 $545,000 $275,000 $270,000
2024 $5,761 $545,000 $275,000 $270,000
2023 $5,853 $545,000 $275,000 $270,000
2022 $5,624 $545,000 $275,000 $270,000
2021 $5,548 $545,000 $275,000 $270,000
2020 $5,287 $545,000 $275,000 $270,000
2019 $5,379 $545,000 $275,000 $270,000
2018 $5,074 $545,000 $275,000 $270,000
2017 $4,818 $545,000 $275,000 $270,000
2016 $5,760 $692,300 $320,000 $372,300
2015 $5,988 $692,300 $320,000 $372,300
2014 $5,988 $692,300 $320,000 $372,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dagmer Chew

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 884-1888

    15 in this area

    49 Total Sales

    Dagmer Chew
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 165110

Cape May County Association of REALTORS®

APN: 02-01160-0000-00027-0000-C-08

New Jersey Cape May County Cape May 08204

1534 Yacht Ave Unit 8, Cape May, NJ

This home is located at 1534 Yacht Ave Unit 8, Cape May, NJ 08204 since 15 July 2015 and is currently estimated at $1,137,804. This property was built in 1984. 1534 Yacht Ave Unit 8 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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