NOT LISTED FOR SALE

305 Beach Dr North Cape May, NJ 08204

Estimated Value: $2,478,000 - $2,901,000

5 Beds
4 Baths
1,344 Sq Ft
$2,003/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $2,500,000 $1,860 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $16,604/month

176 Days on Market

Highlights

  • Beach Front
  • Building is beachfront but unit may not have water views
  • Great Room
  • In Ground Pool
  • Deck
  • Detached Garage

About This Home

As of December 2023

Full irrigation system. Two washers and two dryers included. Two electric panels. Two on-demand hot water systems (one for supplementary use). Furnishings include 4 full bedroom sets; TV in family room; couch in family room; all wall covering including large clock, verse and silhouettes above the elevator door. Garage includes - all bar stools; TV; all storage cabinets and work bench; all wall system racks and hangers (lots of extra hangers in cabinet for any sort of gear, yard equipment and tools)

Last Agent to Sell the Property

Todd deSatnick

deSatnick Real Estate LLC - Cape May License #9806297 Listed on: 05/11/2023

Last Buyer's Agent

Mary Hinchcliffe

deSatnick Real Estate LLC - Cape May

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,200

Lot Details

  • Lot Dimensions are 66x125
  • Building is beachfront but unit may not have water views
  • Beach Front
  • Property Fronts a Bay or Harbor
  • Interior Lot
  • Sprinkler System
  • Cleared Lot

Interior Spaces

  • 3-Story Property
  • Elevator
  • Partially Furnished
  • Bar
  • Gas Fireplace
  • Blinds
  • Great Room
  • Water Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 4 / 587

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,200

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Seasonal: XXX
  • Location: Bay Front, Beach Block, Beach Front, Cleared Lot, Inside Lot, Mainland, Water Front, Water View
  • District Township: 05-Lower Township
  • Also Includes: Shades, Blinds, Partial Furniture
  • New Construction: No
  • Second Address Number: 305
  • Lot Size2: 66x125
  • Selling Agent1: 4903
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Bar, Elevator, Fireplace- Gas, Laminate Flooring, Tile Flooring
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Total Rooms: 18
  • Other Rooms: Pantry, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Three Story
  • Frontage: 66
  • Outside Features: Deck, Porch, Sidewalks, Outside Shower, In Ground Pool, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, Detached, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 4
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 22199.79
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Dec 8, 2023
Sold by
Mader Michael P and Mader Katrina N
Bought by
Elek James Joseph and Elek Constance Ann
Seller's Agent
Todd deSatnick
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Mary Hinchcliffe
deSatnick Real Estate LLC - Cape May
List Price
$3,400,000
Sold Price
$2,500,000
Premium/Discount to List
-$900,000
-26.47%
Views
829
Current Estimated Value
$2,692,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,122
Avg. Annual Appreciation
3.23%

Purchase Details

Listed on
Apr 26, 2017
Closed on
Oct 2, 2017
Sold by
Franek Thomas
Bought by
Mader Michael P and Mader Katrina N
Seller's Agent
Judith Ludlam, GRI,SFR
CAPE SHORE REALTY
Buyer's Agent
Bryan Steere
BLUE HOMES REAL ESTATE LLC
List Price
$749,900
Sold Price
$617,000
Premium/Discount to List
-$132,900
-17.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.36%

Purchase Details

Closed on
Apr 29, 2004
Sold by
Feeney Eugene J
Bought by
Franek Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Elek James Joseph $2,500,000 Seaboard Title
Mader Michael P $617,000 Shore Title Agency Inc
Franek Thomas $550,101 --
-- $550,100 --
Franek Thomas $550,101 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mader Michael P $1,000,000
Previous Owner Mader Michael P $1,085,000
Previous Owner Mader Michael P $100,000
Previous Owner Franek Thomas $440,000
Previous Owner Feeney Eugene J $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $2,500,000 -16.6% $1,860 / Sq Ft
11/03/2023 11/03/23 Pending -- -- --
10/16/2023 10/16/23 Price Changed $2,999,000 -6.3% $2,231 / Sq Ft
10/02/2023 10/02/23 Price Changed $3,199,000 -1.5% $2,380 / Sq Ft
09/09/2023 09/09/23 Price Changed $3,249,000 -4.4% $2,417 / Sq Ft
05/11/2023 05/11/23 For Sale $3,400,000 +451.1% $2,530 / Sq Ft
10/02/2017 10/02/17 Sold $617,000 -17.7% $459 / Sq Ft
09/02/2017 09/02/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $749,900 -- $558 / 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 $23,231 $1,166,600 $443,600 $723,000
2024 $23,231 $1,145,500 $443,600 $701,900
2023 $22,899 $1,145,500 $443,600 $701,900
2022 $22,200 $1,145,500 $443,600 $701,900
2021 $21,535 $1,145,500 $443,600 $701,900
2020 $21,192 $1,145,500 $443,600 $701,900
2019 $8,003 $443,600 $443,600 $0
2018 $10,807 $613,700 $443,600 $170,100
2017 $10,820 $613,700 $443,600 $170,100
2016 $10,404 $613,700 $443,600 $170,100
2015 $10,060 $613,700 $443,600 $170,100
2014 $9,723 $613,700 $443,600 $170,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 232100

Cape May County Association of REALTORS®

APN: 05-00587-0000-00004