NOT LISTED FOR SALE

16 Racetrack Dr Cape May, NJ 08204

Estimated Value: $1,279,599 - $1,496,000

4 Beds
3 Baths
2,250 Sq Ft
$611/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $625,000 $278 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $8,487/month

252 Days on Market

Highlights

  • Newly Remodeled
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Property is near a beach
  • Deck
  • Wood Flooring

About This Home

As of August 2018

This home is located at 16 Racetrack Dr, Cape May, NJ 08204 since 10 October 2017 and is currently estimated at $1,375,400, approximately $611 per square foot. This property was built in 2018. 16 Racetrack Dr is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick School, and Maud Abrams School.

Last Agent to Sell the Property

Rebecca Chamberlain,SFR,SRES

LONG & FOSTER REAL ESTATE, INC cm Listed on: 10/10/2017

LONG & FOSTER REAL ESTATE, INC cm

Last Buyer's Agent

Brian Groetsch

RE/MAX SURFSIDE

RE/MAX SURFSIDE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,914

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 80x90
  • Building is beachfront but unit may not have water views
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,250 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Dining Area
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Property is near a beach
  • Property near a bay
  • Deck
  • Porch

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 54.01 / 535

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,914

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block
  • District Township: 05-Lower Township
  • Estimated Year Built: 2018
  • Bay Proximity: 1 Block
  • Beach Proximity: 1 Block
  • New Construction: Yes
  • Second Address Number: 16
  • Lot Size2: 80x90
  • Price per Sq Ft: 277.78
  • Selling Agent1: 1540
  • Selling Office1: 612
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2018

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Walk in Closet, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 10
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2250
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story
  • Exterior: Vinyl
  • Outside Features: Deck, Porch, Cable TV, Sidewalks, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, 2 Car, Attached, Auto Door Opener

Utilities

  • Cooling: Central Air Condition, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 54.01
  • Lot Size: 6001-10000 SqFt

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2017
Closed on
Aug 31, 2018
Sold by
Cape Real Estate Dev Llc
Bought by
Ryan Richard A and Ryan Patricia A
Seller's Agent
Rebecca Chamberlain,SFR,SRES
LONG & FOSTER REAL ESTATE, INC cm
Buyer's Agent
Brian Groetsch
RE/MAX SURFSIDE
List Price
$649,000
Sold Price
$625,000
Premium/Discount to List
-$24,000
-3.7%
Current Estimated Value
$1,375,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$750,400
Avg. Annual Appreciation
11.70%
Original Mortgage
$450,562
Interest Rate
4.6%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 29, 2017
Sold by
Shoemaker Irwin B and Shoemaker Roslyn D
Bought by
Cape Real Estate Developers Llc

Purchase Details

Closed on
Apr 15, 1998
Sold by
Mormello Walter S
Bought by
Shoemaker Irwin B and Shoemaker Roslyn D
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
Ryan Richard A $625,000 --
Cape Real Estate Developers Llc $300,000 Seaboard Title Agency
Shoemaker Irwin B $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Richard A $441,742
Closed Ryan Richard A $445,141
Closed Ryan Richard A $450,562
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $625,000 -3.7% $278 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
10/10/2017 10/10/17 For Sale $649,000 -- $288 / 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 $11,914 $599,800 $147,000 $452,800
2024 $11,914 $599,800 $147,000 $452,800
2023 $11,740 $599,800 $147,000 $452,800
2022 $11,374 $599,800 $147,000 $452,800
2021 $11,026 $599,800 $147,000 $452,800
2020 $11,096 $599,800 $147,000 $452,800
2019 $10,820 $599,800 $147,000 $452,800
2018 $2,589 $147,000 $147,000 $0
2017 $4,133 $236,300 $184,800 $51,500
2016 $4,102 $236,300 $184,800 $51,500
2015 $3,970 $236,300 $184,800 $51,500
2014 $3,840 $236,300 $184,800 $51,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Rebecca Chamberlain,SFR,SRES

    LONG & FOSTER REAL ESTATE, INC cm

    (609) 972-7507

    78 in this area

    134 Total Sales

    Rebecca Chamberlain,SFR,SRES
    Section Image
  • Brian Groetsch

    Buyer's Agent in 2018

    Brian Groetsch

    RE/MAX SURFSIDE

    (609) 972-6339

    53 in this area

    122 Total Sales

    Brian Groetsch
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 178724

Cape May County Association of REALTORS®

APN: 05-00535-0000-00054

New Jersey Cape May County Cape May 08204

16 Racetrack Dr, Cape May, NJ

This home is located at 16 Racetrack Dr, Cape May, NJ 08204 since 10 October 2017 and is currently estimated at $1,375,400, approximately $611 per square foot. This property was built in 2018. 16 Racetrack Dr is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick School, and Maud Abrams School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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