NOT LISTED FOR SALE

1601 Franklin Ave Cape May, NJ 08204

Lower Area

Estimated Value: $749,400 - $856,000

6 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Sale Details

Date Sold: February 17, 2026

Last sale price $855,000

Est. 4% decrease in value since last sale

Current estimated payment $5,072 / mo

4 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Main Floor Primary Bedroom
  • Walk-In Closet
  • Deck
  • Workshop
  • Living Room

About This Home

As of February 2026

Multiple offers - Seller is asking for Highest and Best by Sunday January 18 at 5pm. Location, location, location! Just three houses from the Delaware Bay, this spacious nearly 2,400-square-foot single-family home is one of the larger residences in North Cape May, set on an oversized corner lot with bay views and the ability to enjoy North Cape May’s famous sunsets right from home. The property offers six bedrooms, with two bedrooms on the first floor and four on the second, along with two full baths and a flexible layout with generous room sizes throughout. Additional features include a front deck, a private deck off an upstairs bedroom, a large walkable attic, a detached two-car garage, a separate storage shed with electric, and a sizable crawl space. Being sold as-is as part of an estate sale, the home is in need of renovation and presents a strong opportunity for buyers looking to update and customize, investors, or builders. With its premium corner-lot positioning and close proximity to the bay, this property offers exceptional potential in one of North Cape May’s most desirable bayside locations—just moments from the beach, breathtaking sunsets, and all that coastal living has to offer.

Last Agent to Sell the Property

Caroline Kell

eXp REALTY License #2188664 Listed on: 01/15/2026

eXp REALTY

Last Buyer's Agent

Henry Lanzalotti

JERSEY CAPE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,329

Year Built

  • Built in 1953

Lot Details

  • Property Fronts a Bay or Harbor

Parking

  • Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • Blinds
  • Living Room
  • Workshop
  • Storage
  • Laundry closet
  • Crawl Space
  • Storage In Attic
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Outdoor Features

  • Property near a bay
  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 7 / 640

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,329

Year Built

Built in 1953

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front
  • District Township: 05-Lower Township
  • Also Includes: Blinds, Window Treatments
  • Estimated Year Built: 1953
  • Bay Proximity: 1 Block
  • New Construction: No
  • Lot Size2: 10001 sqft
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Appliances Included: Refrigerator, Stove Electric
  • Interior Amenities: Storage, Walk in Closet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 6
  • Total Rooms: 11
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Recreation/Family, Workshop, Storage Attic, 1st Floor Primary Bedroom, Laundry Closet

Exterior Features

  • Exterior: Vinyl
  • Outside Features: Deck

Garage/Parking

  • Parking Garage: Garage

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: Public
  • Water: Public

Lot Info

  • Lot Number: 7
  • Lot Size: 1 to 6000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 7329
  • Tax Year: 2024

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2026
Closed on
Feb 17, 2026
Sold by
Bought by
Seller's Agent
Caroline Kell
eXp REALTY
Buyer's Agent
Henry Lanzalotti
JERSEY CAPE REALTY
List Price
$690,000
Sold Price
$855,000
Premium/Discount to List
$165,000
23.91%
Views
131
Current Estimated Value
$818,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,400
Avg. Annual Appreciation
-9.41%
Original Mortgage
$700,000
Interest Rate
0.06%
Mortgage Type
Construction
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$855,000 Seaboard Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $700,000
Closed $700,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/17/2026 02/17/26 Sold $855,000 +23.9% --
01/19/2026 01/19/26 Pending -- -- --
01/15/2026 01/15/26 For Sale $690,000 -- --
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $7,329 $361,400 $165,200 $196,200
2025 $7,329 $361,400 $165,200 $196,200
2024 $7,329 $361,400 $165,200 $196,200
2023 $7,224 $361,400 $165,200 $196,200
2022 $7,004 $361,400 $165,200 $196,200
2021 $6,794 $361,400 $165,200 $196,200
2020 $6,686 $361,400 $165,200 $196,200
2019 $6,520 $361,400 $165,200 $196,200
2018 $6,364 $361,400 $165,200 $196,200
2017 $6,371 $361,400 $165,200 $196,200
2016 $6,274 $361,400 $165,200 $196,200
2015 $6,072 $361,400 $165,200 $196,200
2014 $5,873 $361,400 $165,200 $196,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 260089

Cape May County Association of REALTORS®

APN: 05-00640-0000-00007

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