NOT LISTED FOR SALE

16 Jefferson St Unit 2 Cape May, NJ 08204

Estimated Value: $785,237 - $1,017,000

2 Beds
1 Bath
1,000 Sq Ft
4,661 Sq Ft Lot

Last Sold November 17, 2016

Last sale price $440,000 $440 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $5,342/month

134 Days on Market

Highlights

  • Property is near a beach
  • Island Location
  • Furnished
  • Building is beachfront but unit may not have water views
  • Corner Lot
  • Ground Level Unit

About This Home

As of November 2016

Good size 2 bedroom, 1 bath condo just steps to the beach. Listen to the waves crash and enjoy the ocean breezes from your large covered front porch. This unit features Central A/C, eat in kitchen, 2 large bedrooms, a spacious living room, Anderson windows and doors, a Vermont casting gas fireplace, and washer/dryer. A/C unit is just 2 years old and building has recent updates. Peak weeks command $2,500 making this an excellent rental property for the investment minded buyer. Call for your appointment today!

Last Agent to Sell the Property

Henry Lanzalotti

JERSEY CAPE REALTY Listed on: 06/06/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,892

Lot Details

  • Building is beachfront but unit may not have water views

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Wall to Wall Carpet

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 7 / 1067

Community Details

Amenities

  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,892

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Corner, Island
  • District Township: 02-Cape May City
  • Also Includes: Drapes, Shades, Blinds, Furniture
  • Beach Proximity: 1 Block
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Number Of Stories: One
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Estimated Living Sq Ft: 1000
  • Other Rooms: Living Room, Eat In Kitchen

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Deck/Porch, Cable TV, Outside Shower
  • Condo Fees: 1300 qtr
  • Unit Features: Wall To Wall Carpet
  • Unit Location: First Floor, Corner

Lot Info

  • Lot Number: 7

Tax Info

  • Taxes: 3892.5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2016
Closed on
Nov 17, 2016
Sold by
Inverso Ronald D and Inverso Rebecca R
Bought by
Taylor William D and Taylor Melissa Hill
Seller's Agent
Henry Lanzalotti
JERSEY CAPE REALTY
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Current Estimated Value
$944,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,809
Avg. Annual Appreciation
8.91%

Purchase Details

Closed on
Nov 17, 2006
Sold by
Riggs Arthur and Riggs Doris
Bought by
Inverso Ronald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,440
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
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
Taylor William D $440,000 Surety Title
Inverso Ronald D $601,800 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Inverso Ronald D $481,440
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2016 11/17/16 Sold $440,000 +3.5% $440 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
06/06/2016 06/06/16 For Sale $425,000 -- $425 / 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 $4,757 $450,000 $375,000 $75,000
2024 $4,757 $450,000 $375,000 $75,000
2023 $4,833 $450,000 $375,000 $75,000
2022 $4,644 $450,000 $375,000 $75,000
2021 $4,442 $450,000 $375,000 $75,000
2020 $4,365 $450,000 $375,000 $75,000
2019 $4,442 $450,000 $375,000 $75,000
2018 $4,190 $450,000 $375,000 $75,000
2017 $3,978 $450,000 $375,000 $75,000
2016 $3,744 $450,000 $375,000 $75,000
2015 $3,893 $604,300 $445,600 $158,700
2014 $5,227 $604,300 $445,600 $158,700
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2016

    Henry Lanzalotti

    JERSEY CAPE REALTY

    (609) 972-4977

    12 in this area

    45 Total Sales

    Henry Lanzalotti
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 170679

Cape May County Association of REALTORS®

APN: 02-01067-0000-00007-0000-C-02

New Jersey Cape May County Cape May 08204

16 Jefferson St Unit 2, Cape May, NJ

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