NOT LISTED FOR SALE

412 Breakwater Rd Cape May, NJ 08204

Estimated Value: $568,000 - $892,000

5 Beds
3 Baths
1,714 Sq Ft
$405/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $425,000 $248 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,074/month

153 Days on Market

Highlights

  • Deck
  • Interior Lot
  • Laundry Room
  • Eat-In Kitchen
  • Living Room

About This Home

As of June 2023

This home is located at 412 Breakwater Rd, Cape May, NJ 08204 since 27 May 2022 and is currently estimated at $693,889, approximately $404 per square foot. This property was built in 1900. 412 Breakwater Rd is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick School, and Maud Abrams School.

Last Agent to Sell the Property

Gail Wilsey-Morrison, CRS, ABR

LONG & FOSTER REAL ESTATE, INC cm Listed on: 05/27/2022

Last Buyer's Agent

Brian Pierce

TIRELLI PIERCE REAL ESTATE, INC

TIRELLI PIERCE REAL ESTATE, INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,055

Year Built

  • Built in 1900

Lot Details

  • 2

Parking

  • Stone Driveway

Home Design

  • Triplex

Interior Spaces

  • Living Room
  • Eat-In Kitchen
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Basement

  • Partial Basement
  • Exterior Basement Entry

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Private Water Source
  • Electric Water Heater

Additional Features

  • Deck
  • Interior Lot

Community Details

  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 10 / 497

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,055

Year Built

Built in 1900

Lot Details

2 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Location: Inside Lot
  • District Township: 05-Lower Township
  • Near: Cape May Airport
  • Estimated Year Built: 1900
  • New Construction: No
  • Lot Size2: 2 Acres
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Total Bathrooms: 3
  • Basement: Partial, Outside Entrance
  • Other Rooms: Living Room, Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Deck

Garage/Parking

  • Parking: Stone Driveway

Utilities

  • Separate Meter: Electric
  • Cooling: Other
  • Heating: Gas Natural, Gas Propane, Oil
  • Hot Water: Electric
  • Sewer: Other
  • Water: Private

Lot Info

  • Lot Number: 10
  • Lot Size: 1+ Acre to 5 Acres

Tax Info

  • Taxes: 4055
  • Tax Year: 2021

Multi Family

  • Number Of Units: 3
  • Total Rent: 2850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
May 17, 2023
Sold by
Podson John J
Bought by
Lmc Rentals Llc
Seller's Agent
Gail Wilsey-Morrison, CRS, ABR
LONG & FOSTER REAL ESTATE, INC cm
Buyer's Agent
Brian Pierce
TIRELLI PIERCE REAL ESTATE, INC
List Price
$485,000
Sold Price
$425,000
Premium/Discount to List
-$60,000
-12.37%
Views
10
Current Estimated Value
$693,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,889
Avg. Annual Appreciation
18.99%
Original Mortgage
$662,933
Interest Rate
6.43%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 1, 1990
Sold by
Orsimarsi Gregory and Orsimarsi Linda
Bought by
Podson John and Podson Joseph
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lmc Rentals Llc $425,000 Landis Title
Lmc Rentals Llc $425,000 Landis Title
Podson John $102,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lmc Rentals Llc $662,933
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $425,000 -8.6% $248 / Sq Ft
10/27/2022 10/27/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $465,000 -4.1% $271 / Sq Ft
05/27/2022 05/27/22 For Sale $485,000 -- $283 / Sq Ft
Source: Cape May County Association of REALTORS®

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 $4,390 $328,600 $124,000 $204,600
2024 $4,390 $215,700 $124,000 $91,700
2023 $4,323 $215,700 $124,000 $91,700
2022 $4,191 $215,700 $124,000 $91,700
2021 $4,055 $215,700 $124,000 $91,700
2020 $3,995 $215,700 $124,000 $91,700
2019 $3,887 $215,700 $124,000 $91,700
2018 $3,796 $215,700 $124,000 $91,700
2017 $3,798 $215,700 $124,000 $91,700
2016 $3,747 $215,700 $124,000 $91,700
2015 $3,626 $215,700 $124,000 $91,700
2014 $3,507 $215,700 $124,000 $91,700
Source: Public Records

Agents Affiliated with this Home

  • Gail Wilsey-Morrison, CRS, ABR

    Seller's Agent in 2023

    Gail Wilsey-Morrison, CRS, ABR

    LONG & FOSTER REAL ESTATE, INC cm

    (609) 884-1007

    30 in this area

    84 Total Sales

    Gail Wilsey-Morrison, CRS, ABR
    Section Image
  • Brian Pierce

    Buyer's Agent in 2023

    Brian Pierce

    TIRELLI PIERCE REAL ESTATE, INC

    (856) 462-3411

    2 in this area

    48 Total Sales

    Brian Pierce
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 221628

Cape May County Association of REALTORS®

APN: 05 00497- 01-00010- 01

New Jersey Cape May County Cape May 08204

412 Breakwater Rd, Cape May, NJ

Not Listed for Sale

MultiFamily

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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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