NOT LISTED FOR SALE

17 Jackson St Cape May, NJ 08204

Estimated Value: $1,988,449 - $2,960,000

9 Beds
11 Baths
-- Sq Ft
5,184 Sq Ft Lot

Last Sold October 15, 2015

Last sale price $860,000

Est. 185% increase in value since last sale

Current estimated payment $13,813/month

357 Days on Market

Highlights

  • Water Views
  • Island Location
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Deck
  • 3-minute walk to Cape May Rotary Park

About This Home

As of October 2015

Poor Richard's Inn would make a fantastic single family home or weekly rental. Currently it is a wonderful nine guest room Grand Victorian Bed & Breakfast on the most popular street in town. Three properties off Cape May's main beach, a block off the Washington Street Mall, and a walk or bike ride to everything in town. This home has many extras including: sitting rooms, a huge kitchen, porches, a nice sized back yard, a large owner's quarters consisting of three bedrooms, a living room, and kitchen and so much more! Poor Richard's was built in 1882 as the private residence of a Cape May hotel owner and has been run as an inn since 1977. This is an oldie but goody, has been lovingly maintained and operated for more than 30 years as a bed and breakfast and is being conveyed in its current condition. This home currently has 11 permitted parking spots, one of which is currently located on Jackson Street (Deemed accurate but not guaranteed). Mostly furnished, less the owners art work and a few personal items. Call today to schedule a showing!

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 09/23/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,194

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced Yard

Parking

  • Assigned Parking

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • Partially Furnished
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Den
  • Storage
  • Wood Flooring
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 11 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Partial Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Porch

Location

  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 26 / 1041

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,194

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Island, Water View
  • District Township: 02-Cape May City
  • Also Includes: Partial Furniture, Window Treatments
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage
  • Total Bathrooms: 11
  • Full Bathrooms: 11
  • Bedrooms: 9
  • Total Rooms: 34
  • Basement: Partial, Finished, Outside Entrance, Inside Entrance, Heated
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Pantry, Laundry/Utility Room, Library/Study

Exterior Features

  • Construction: Victorian
  • Exterior: Wood
  • Outside Features: Patio, Deck, Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Assigned Parking

Utilities

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

Lot Info

  • Lot Number: 26
  • Lot Size: 40 X 130
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: > 12194

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2014
Closed on
Oct 15, 2015
Sold by
Sosson Harriett
Bought by
Dvorkin Michael J and Brandis Ambre Jae
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$1,100,000
Sold Price
$860,000
Premium/Discount to List
-$240,000
-21.82%
Current Estimated Value
$2,454,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,594,150
Avg. Annual Appreciation
11.01%
Original Mortgage
$688,000
Outstanding Balance
$541,679
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$1,912,471

Purchase Details

Closed on
Jan 17, 2002

Purchase Details

Closed on
Sep 20, 1988
Sold by
Poor Richards Inn Of Cape May
Bought by
Samuelson Richard
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
Dvorkin Michael J $860,000 The Title Company Of Jersey
-- -- --
Samuelson Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dvorkin Michael J $688,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2015 10/15/15 Sold $860,000 -21.8% --
09/15/2015 09/15/15 Pending -- -- --
09/23/2014 09/23/14 For Sale $1,100,000 -- --
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 $11,307 $1,069,700 $636,700 $433,000
2024 $11,307 $1,069,700 $636,700 $433,000
2023 $11,489 $1,069,700 $636,700 $433,000
2022 $11,039 $1,069,700 $636,700 $433,000
2021 $10,890 $1,069,700 $636,700 $433,000
2020 $14,114 $1,455,100 $636,700 $818,400
2019 $14,362 $1,455,100 $636,700 $818,400
2018 $13,547 $1,455,100 $636,700 $818,400
2017 $12,863 $1,455,100 $636,700 $818,400
2016 $12,106 $1,455,100 $636,700 $818,400
2015 $12,587 $1,455,100 $636,700 $818,400
2014 $12,587 $1,455,100 $636,700 $818,400
Source: Public Records

Agents Affiliated with this Home

  • Carol Menz

    Seller's Agent in 2015

    Carol Menz

    COASTLINE REALTY, LLC

    (609) 374-0325

    104 in this area

    268 Total Sales

    Carol Menz
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 161005

Cape May County Association of REALTORS®

APN: 02-01041-0000-00026

New Jersey Cape May County Cape May 08204

17 Jackson St, Cape May, NJ

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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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