NOT LISTED FOR SALE

407 Gorham Ave Cape May, NJ 08204

Estimated Value: $606,000 - $682,000

3 Beds
2 Baths
1,196 Sq Ft
$539/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $525,000 $439 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,829/month

45 Days on Market

Highlights

  • Ranch Style House
  • Fenced Yard
  • Eat-In Kitchen
  • Great Room
  • Enclosed Patio or Porch
  • Laundry Room

About This Home

As of August 2021

This home is located at 407 Gorham Ave, Cape May, NJ 08204 since 31 May 2021 and is currently estimated at $644,507, approximately $538 per square foot. 407 Gorham 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

Theresa L. Senico, ABR,GRI,SRES

deSatnick Real Estate LLC - Lower Township Listed on: 05/31/2021

Last Buyer's Agent

Non-Member Non-Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,825

Lot Details

  • Lot Dimensions are 65 x 100
  • Fenced Yard
  • Sprinkler System

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Great Room
  • Dining Area
  • Crawl Space
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Range
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Enclosed Patio or Porch
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 3 / 627

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,825

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • New Construction: No
  • Second Address Number: 407
  • Lot Size2: 65 x 100
  • Selling Agent1: 1416
  • Selling Office1: 246
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Natural Gas
  • Interior Amenities: Laminate Flooring, Tile Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 5
  • Basement: Crawl Space
  • Other Rooms: Eat-In-Kitchen, Dining Area, Laundry/Utility Room, Great Room, Storage Attic

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 65
  • House Color: Blue
  • Outside Features: Enclosed/Covered Patio, Fenced Yard, Storage Building, Sprinkler System

Garage/Parking

  • Parking Garage: 2 Car, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 3
  • Lot Size: 6001-10000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 3825
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2021
Closed on
Aug 18, 2021
Sold by
Fratelli Development Llc
Bought by
Mcglynn Margare
Seller's Agent
Theresa L. Senico, ABR,GRI,SRES
deSatnick Real Estate LLC - Lower Township
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%
Current Estimated Value
$644,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,507
Avg. Annual Appreciation
5.04%
Original Mortgage
$290,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 31, 2021
Closed on
Jun 24, 2021
Sold by
Silistru Sabin A
Bought by
Fratelli Development Llc
Seller's Agent
Theresa L. Senico, ABR,GRI,SRES
deSatnick Real Estate LLC - Lower Township
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$549,900
Sold Price
$525,000
Premium/Discount to List
-$24,900
-4.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 27, 2020
Closed on
Apr 6, 2020
Sold by
Fnma
Bought by
Sillstru Sabin A
Seller's Agent
Jacqueline Andrews
Casa Bella REALTORS
Buyer's Agent
Theresa L. Senico, ABR,GRI,SRES
deSatnick Real Estate LLC - Lower Township
List Price
$139,900
Sold Price
$139,000
Premium/Discount to List
-$900
-0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
165.69%
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
Mcglynn Margare $525,000 None Available
Fratelli Development Llc -- None Available
Sillstru Sabin A $139,000 Misc Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcglynn Margare $290,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $525,000 -4.5% $439 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
05/31/2021 05/31/21 For Sale $549,900 +295.6% $460 / Sq Ft
04/09/2020 04/09/20 Sold $139,000 -0.6% $105 / Sq Ft View Prior Sale
03/17/2020 03/17/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $139,900 -- $105 / 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 $4,898 $241,500 $116,000 $125,500
2024 $4,898 $241,500 $116,000 $125,500
2023 $4,828 $241,500 $116,000 $125,500
2022 $4,680 $241,500 $116,000 $125,500
2021 $3,920 $208,500 $116,000 $92,500
2020 $3,857 $208,500 $116,000 $92,500
2019 $3,761 $208,500 $116,000 $92,500
2018 $3,672 $208,500 $116,000 $92,500
2017 $3,676 $208,500 $116,000 $92,500
2016 $3,620 $208,500 $116,000 $92,500
2015 $3,503 $208,500 $116,000 $92,500
2014 $3,388 $208,500 $116,000 $92,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Theresa L. Senico, ABR,GRI,SRES

    deSatnick Real Estate LLC - Lower Township

  • N

    Buyer's Agent in 2021

    Non-Member Non-Member

    Non Member

  • J

    Seller's Agent in 2020

    Jacqueline Andrews

    Casa Bella REALTORS

    (609) 601-1009

    8 in this area

    30 Total Sales

    Jacqueline Andrews
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 211986

Cape May County Association of REALTORS®

APN: 05-00627-0000-00003

New Jersey Cape May County Cape May 08204

407 Gorham Ave, Cape May, NJ

This home is located at 407 Gorham Ave, Cape May, NJ 08204 since 31 May 2021 and is currently estimated at $644,507, approximately $538 per square foot. 407 Gorham 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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