Seller's Agent in 2018
Brian Groetsch
RE/MAX SURFSIDE
(609) 972-6339
31 in this area
117 Total Sales
25 Ocean St Cape May, NJ 08204
Estimated Value: $2,175,000 - $3,800,000
8
Beds
7
Baths
4,232
Sq Ft
$743/Sq Ft
Est. Value
Highlights
- Water Views
- Building is beachfront but unit may not have water views
- Wood Flooring
- The property is located in a historic district
- Deck
- Main Floor Primary Bedroom
About This Home
As of October 2018Owner is a licensed NJ Referral Agent
Last Agent to Sell the Property
RE/MAX SURFSIDE License #0451111 Listed on: 02/01/2018
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,443
Year Built
- Built in 1875
Lot Details
- Lot Dimensions are 50x134
- Building is beachfront but unit may not have water views
- Interior Lot
- Sprinkler System
Parking
- Stone Driveway
Home Design
- Victorian Architecture
- Wood Siding
- Asbestos Siding
Interior Spaces
- 4,232 Sq Ft Home
- 3-Story Property
- Furnished
- Gas Fireplace
- Window Treatments
- Living Room
- Dining Room
- Water Views
- Fire and Smoke Detector
Kitchen
- Breakfast Area or Nook
- Self-Cleaning Oven
- Stove
- Microwave
- Dishwasher
Flooring
- Wood
- Wall to Wall Carpet
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- Primary Bedroom on Main
- 7 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
Outdoor Features
- Outdoor Shower
- Deck
- Porch
Location
- The property is located in a historic district
- Island Location
Utilities
- Forced Air Zoned Heating and Cooling System
- Baseboard Heating
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 19 / 1056
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 1, 2018
Closed on
Oct 5, 2018
Sold by
Mckeney Mary K
Bought by
Sackstein Aaron
Seller's Agent
Brian Groetsch
RE/MAX SURFSIDE
Buyer's Agent
Colleen White
Tim Kerr Sotheby's International Realty
List Price
$1,950,000
Sold Price
$1,700,000
Premium/Discount to List
-$250,000
-12.82%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,445,295
Avg. Annual Appreciation
9.12%
Original Mortgage
$1,275,000
Outstanding Balance
$1,053,463
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,091,832
Purchase Details
Closed on
Aug 4, 2017
Sold by
Mckenney Theodore C and Mckenney Mary K
Bought by
Mckenney Mary K
Purchase Details
Closed on
Nov 1, 2004
Sold by
White Richard B
Bought by
Mckenney Theodore C and Mckenney Mary K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.99%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 22, 2001
Sold by
Davis John R
Bought by
White Richard B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
6.91%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 16, 1993
Sold by
Yorio Victor A and Yorio Carol A
Bought by
Realty Exchange Services Inc
Purchase Details
Closed on
Jan 13, 1993
Sold by
Realty Exchange Services Inc
Bought by
Davis John R and Davis Katha S
Purchase Details
Closed on
Apr 1, 1989
Sold by
Daria Bernard and Daria Joan
Bought by
Yorio Victor and Yorio Carol
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sackstein Aaron | $1,700,000 | -- | |
| Mckenney Mary K | -- | None Available | |
| Mckenney Theodore C | $1,770,000 | The Title Company Of Jersey | |
| White Richard B | $1,000,000 | -- | |
| Realty Exchange Services Inc | $299,800 | -- | |
| Davis John R | -- | -- | |
| Yorio Victor | $30,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sackstein Aaron | $1,275,000 | |
| Previous Owner | Mckenney Theodore C | $1,000,000 | |
| Previous Owner | White Richard B | $862,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/05/2018 10/05/18 | Sold | $1,700,000 | -12.8% | $402 / Sq Ft |
| 09/05/2018 09/05/18 | Pending | -- | -- | -- |
| 02/01/2018 02/01/18 | For Sale | $1,950,000 | -- | $461 / Sq Ft |
Source: Cape May County Association of REALTORS®
Tax History Compared to Growth
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 | $14,538 | $1,375,400 | $746,400 | $629,000 |
| 2024 | $14,538 | $1,375,400 | $746,400 | $629,000 |
| 2023 | $14,772 | $1,375,400 | $746,400 | $629,000 |
| 2022 | $14,194 | $1,375,400 | $746,400 | $629,000 |
| 2021 | $14,002 | $1,375,400 | $746,400 | $629,000 |
| 2020 | $13,341 | $1,375,400 | $746,400 | $629,000 |
| 2019 | $13,575 | $1,375,400 | $746,400 | $629,000 |
| 2018 | $12,805 | $1,375,400 | $746,400 | $629,000 |
| 2017 | $12,159 | $1,375,400 | $746,400 | $629,000 |
| 2016 | $11,443 | $1,375,400 | $746,400 | $629,000 |
| 2015 | $11,897 | $1,375,400 | $746,400 | $629,000 |
| 2014 | $11,897 | $1,375,400 | $746,400 | $629,000 |
Source: Public Records
Agents Affiliated with this Home
-
Brian Groetsch
-
Christine Lynn
Seller Co-Listing Agent in 2018
Christine Lynn
RE/MAX SURFSIDE
(609) 780-7344
24 in this area
106 Total Sales
-
Colleen White
Buyer's Agent in 2018
Colleen White
Tim Kerr Sotheby's International Realty
(609) 231-6943
25 in this area
75 Total Sales
Map
Source: Cape May County Association of REALTORS®
MLS Number: 180132
APN: 02-01056-0000-00019
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