NOT LISTED FOR SALE

301 Philadelphia Ave Cape May, NJ 08204

Estimated Value: $2,445,477 - $3,084,000

6 Beds
3 Baths
3,236 Sq Ft
$861/Sq Ft Est. Value

Last Sold August 31, 2017

Last sale price $1,200,000 $371 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $15,521/month

319 Days on Market

Highlights

  • Spa
  • Corner Lot
  • Screened Porch
  • Cathedral Ceiling
  • Furnished
  • Den

About This Home

As of August 2017

Two car garage, screened-in porch, outdoor shower, irrigation system, and a maintenance free fenced-in rear yard to enjoy your private paver patio. Mulit-zoned gas heat, central air, city sewer, city water, security system and intercom system. Truly a unique property and easy to see.

Last Agent to Sell the Property

Thomas Shagren

JERSEY CAPE REALTY Listed on: 08/26/2016

Last Buyer's Agent

Richard Parker

deSatnick Real Estate LLC - Lower Township License #0451579

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,869

Year Built

  • Built in 2003

Lot Details

  • Lot Dimensions are 60x125
  • Fenced Yard
  • Corner Lot
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Den
  • Screened Porch
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Patio

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 40 / 1118

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,869

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner
  • District Township: 02-Cape May City
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • Estimated Year Built: 2003
  • Beach Proximity: 3 Blocks
  • New Construction: No
  • Lot Size2: 60x125
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2003

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Burglar Alarm, Smoke/Fire Detector, Intercom
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Security System, Smoke/Fire Alarm, Walk in Closet, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 6
  • Total Rooms: 11
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Pantry, Laundry/Utility Room

Exterior Features

  • Construction: Three Story
  • Exterior: Vinyl
  • Outside Features: Patio, Enclosed/Covered Patio, Porch, Screened Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower, Whirpool/Spa, Sprinkler System

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Number: 40
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 8869.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2016
Closed on
Aug 31, 2017
Sold by
Rusch Wayne H and Rusch Theresa L
Bought by
Karoly Alexander P and Karoly Lee Ann
Seller's Agent
Thomas Shagren
JERSEY CAPE REALTY
Buyer's Agent
Richard Parker
deSatnick Real Estate LLC - Lower Township
List Price
$1,475,000
Sold Price
$1,200,000
Premium/Discount to List
-$275,000
-18.64%
Current Estimated Value
$2,785,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,585,869
Avg. Annual Appreciation
10.87%
Original Mortgage
$770,000
Outstanding Balance
$638,107
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,147,762

Purchase Details

Closed on
Oct 28, 2005
Sold by
Snc Realty Inc
Bought by
Rusch Wayne H and Rusch Theresa L

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
5.5%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 7, 2003
Sold by
Lawrence A Pray Inc
Bought by
Snc Realty Inc

Purchase Details

Closed on
Jan 31, 2003
Sold by
Jennie A Teitelman Estate
Bought by
Lawrence A Pray Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$829,000
Interest Rate
6.09%
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
Karoly Alexander P $1,200,000 Shore Title Agency
Rusch Wayne H $1,325,000 The Title Company Of Jersey
Snc Realty Inc $829,900 --
Lawrence A Pray Builders Inc $820,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karoly Alexander P $770,000
Previous Owner Rusch Wayne H $1,000,000
Previous Owner Lawrence A Pray Builders Inc $829,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2017 08/31/17 Sold $1,200,000 -18.6% $371 / Sq Ft
08/01/2017 08/01/17 Pending -- -- --
08/26/2016 08/26/16 For Sale $1,475,000 -- $456 / 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 $11,268 $1,066,000 $609,000 $457,000
2024 $11,268 $1,066,000 $609,000 $457,000
2023 $11,449 $1,066,000 $609,000 $457,000
2022 $11,001 $1,066,000 $609,000 $457,000
2021 $10,340 $1,066,000 $609,000 $457,000
2020 $10,340 $1,066,000 $609,000 $457,000
2019 $10,521 $1,066,000 $609,000 $457,000
2018 $9,924 $1,066,000 $609,000 $457,000
2017 $9,423 $1,066,000 $609,000 $457,000
2016 $8,869 $1,066,000 $609,000 $457,000
2015 $9,221 $1,066,000 $609,000 $457,000
2014 $9,221 $1,066,000 $609,000 $457,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 171991

Cape May County Association of REALTORS®

APN: 02-01118-0000-00040