NOT LISTED FOR SALE

402 Lincoln Ave Cape May Point, NJ 08212

Estimated Value: $1,633,000 - $1,907,000

5 Beds
3 Baths
-- Sq Ft
1.61 Acres

Last Sold April 21, 2023

Last sale price $1,425,000

Est. 40% increase in value since last sale

Current estimated payment $11,567/month

128 Days on Market

Highlights

  • Property is near a beach
  • Deck
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of April 2023

This home is located at 402 Lincoln Ave, Cape May Point, NJ 08212 since 21 September 2022 and is currently estimated at $1,789,770. 402 Lincoln Ave is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

Last Agent to Sell the Property

James Zeitler

JERSEY CAPE REALTY Listed on: 09/21/2022

Last Buyer's Agent

Christina P. Clemans, ABR, CRS, GRI

Tim Kerr Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,733

Lot Details

  • Lot Dimensions are 70 x 100
  • Building is beachfront but unit may not have water views
  • Corner Lot

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Den
  • Screened Porch
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 2 / 16

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,733

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Corner
  • District Township: 03-Cape May Point
  • Also Includes: Curtains, Blinds, Partial Furniture
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 402
  • Lot Size2: 70 x 100
  • Selling Agent1: 124
  • Selling Office1: 19
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Vinyl Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Total Rooms: 9
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Dining Area, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, Victorian
  • Exterior: Wood
  • Outside Features: Deck, Porch, Screened Porch, Outside Shower

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Electric, Multi-Zoned
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 2
  • Lot Size: 6001-10000 SqFt
  • Total Assessment: 1040500

Tax Info

  • Taxes: 6732.68
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Mar 31, 2023
Sold by
Write Janet Lee
Bought by
Fleming Paula A and Fleming Rebecca E
Seller's Agent
James Zeitler
JERSEY CAPE REALTY
Buyer's Agent
Christina P. Clemans, ABR, CRS, GRI
Tim Kerr Sotheby's International Realty
List Price
$1,595,000
Sold Price
$1,425,000
Premium/Discount to List
-$170,000
-10.66%
Views
60
Current Estimated Value
$1,995,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,416
Avg. Annual Appreciation
14.14%
Original Mortgage
$1,140,000
Outstanding Balance
$1,113,663
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$820,656

Purchase Details

Closed on
Apr 14, 2000
Sold by
Rutherford Margaret C
Bought by
O'Shea Robert J and O'Shea Rebecca L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
8.21%
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
Fleming Paula A $1,425,000 None Listed On Document
O'Shea Robert J $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fleming Paula A $1,140,000
Previous Owner Oshea Robert J $623,000
Previous Owner Oshea Robert J $548,100
Previous Owner O'Shea Robert J $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $1,425,000 -4.7% --
01/27/2023 01/27/23 Pending -- -- --
01/20/2023 01/20/23 Price Changed $1,495,000 -3.2% --
12/08/2022 12/08/22 Price Changed $1,545,000 -1.6% --
11/11/2022 11/11/22 Price Changed $1,570,000 -1.6% --
09/21/2022 09/21/22 For Sale $1,595,000 +62.9% --
10/22/2019 10/22/19 Sold $979,000 -6.3% --
08/17/2019 08/17/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $1,045,000 -- --
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 $7,700 $1,040,600 $912,500 $128,100
2024 $7,700 $1,040,600 $912,500 $128,100
2023 $7,586 $1,040,600 $912,500 $128,100
2022 $7,336 $1,040,600 $912,500 $128,100
2021 $6,733 $1,040,600 $912,500 $128,100
2020 $6,473 $1,040,600 $912,500 $128,100
2019 $6,389 $1,040,600 $912,500 $128,100
2018 $6,160 $1,040,600 $912,500 $128,100
2017 $6,098 $1,040,600 $912,500 $128,100
2016 $5,973 $1,040,600 $912,500 $128,100
2015 $5,927 $1,190,200 $1,063,100 $127,100
2014 $5,927 $1,190,200 $1,063,100 $127,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Zeitler

    JERSEY CAPE REALTY

  • C

    Buyer's Agent in 2023

    Christina P. Clemans, ABR, CRS, GRI

    Tim Kerr Sotheby's International Realty

    (609) 226-9738

    57 in this area

    87 Total Sales

    Section Image

  • D

    Buyer's Agent in 2019

    Deanna Kurkowski

    CAPE RESORTS REALTY

    (609) 214-9233

    5 in this area

    9 Total Sales

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 222981

Cape May County Association of REALTORS®

APN: 03-00016-0000-00002

New Jersey Cape May County Cape May Point 08204

402 Lincoln Ave, Cape May Point, NJ

This home is located at 402 Lincoln Ave, Cape May Point, NJ 08212 since 21 September 2022 and is currently estimated at $1,789,770. 402 Lincoln Ave is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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