NOT LISTED FOR SALE

500 Broadway Unit 502 West Cape May, NJ 08204

Estimated Value: $1,063,000 - $1,735,000

5 Beds
3 Baths
2,816 Sq Ft
$504/Sq Ft Est. Value

Last Sold December 27, 2016

Last sale price $475,000 $169 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $8,555/month

80 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Screened Porch
  • West Cape May Elementary School Rated A
  • Victorian Architecture
  • Fenced Yard

About This Home

As of December 2016

Victorian Style property, a design originating between 1870 to 1910, showcases a square, symmetrical architecture with creative ornamental design, complete with wrap around porches, spindles and gingerbread trim. A very unique property with plenty of old world charm and curb appeal. Property features original refurbished hardwood floors, chestnut banisters and two staircases. Formal living and dining rooms and front sitting room are indicative of Victorian living complete with pocket doors and a mirrored oak mantle gas fireplace. Incorporating original elements with modern amenities of the 21st century makes this property a one of a kind in distinction. Possibilities abound in this special property. In its present state this grand property house two separate licensed units. Both are turnkey, being sold fully furnished with previous great rental history. First is a three bedroom, 2 bath apartment with several private entrances, a rear screened enclosed porch overlooking beautiful gardens and a ponded waterfall. A modern eat in kitchen with additional over the sink counter type seating and laundry room extenuate. Living room, dining and all rooms tastefully decorated. The other unit is a two bedroom, one bath apartment with private entrances, living room, modern kitchen and laundry facility. Great investment property! Can easily be rented as a whole house with five bedrooms for large parties while guests enjoy the annual Christmas Parade from the front porch. Off street parking for four cars is in the rear of the property with ample room for later addition of an outbuilding or garage. Zoned commercial making the possibility of operating a bed and breakfast establishment or converting property into condos. Located on a highly visible corner property the traveled road leads to all beaches and many fine restaurants and other amenities.

Last Agent to Sell the Property

Brian Giancola

RE/MAX SURFSIDE Listed on: 09/08/2016

RE/MAX SURFSIDE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,882

Lot Details

  • 7,754

Parking

  • Stone Driveway

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • Partially Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Screened Porch
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Deck
  • Fenced Yard

Listing and Financial Details

  • Legal Lot and Block 5 / 53

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,882

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 12-West Cape May
  • Also Includes: Drapes, Curtains, Shades, Blinds, Fireplace Equipment, Partial Furniture
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Fireplace- Gas, Wood Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Total Rooms: 12
  • Basement: Crawl Space, Outside Entrance
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat-In-Kitchen, Laundry/Utility Room

Exterior Features

  • Construction: Victorian
  • Exterior: Wood
  • Outside Features: Deck, Porch, Screened Porch, Fenced Yard, Sidewalks

Garage/Parking

  • Parking Garage: Stone Driveway

Utilities

  • Cooling: Ceiling Fan, Window Air Conditioning
  • Heating: Gas Natural, Electric, Baseboard
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 5
  • Lot Size: 61X127
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Taxes: > 5882.37

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 1996
Sold by
Hemmerling Rolf
Bought by
Serdynski David and Serdynski Barbara
Current Estimated Value
$1,436,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
7.98%

Purchase Details

Closed on
Apr 30, 1992
Sold by
Aarvig Edward E and Aarvig Irene L
Bought by
Hemmerling Rolf and Hemmerling Marjorie
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
Serdynski David $175,000 --
Hemmerling Rolf $183,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serdynski David $185,000
Closed Serdynski David $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2016 12/27/16 Sold $475,000 0.0% $169 / Sq Ft
12/27/2016 12/27/16 Sold $475,000 -20.7% $169 / Sq Ft
11/27/2016 11/27/16 Pending -- -- --
11/27/2016 11/27/16 Pending -- -- --
09/08/2016 09/08/16 For Sale $599,000 -14.3% $213 / Sq Ft
06/18/2014 06/18/14 For Sale $699,000 -- $248 / 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 $8,292 $551,300 $281,200 $270,100
2024 $8,292 $551,300 $281,200 $270,100
2023 $8,385 $551,300 $281,200 $270,100
2022 $7,470 $551,300 $281,200 $270,100
2021 $7,057 $551,300 $281,200 $270,100
2020 $7,272 $551,300 $281,200 $270,100
2019 $6,913 $551,300 $281,200 $270,100
2018 $6,974 $551,300 $281,200 $270,100
2017 $6,737 $551,300 $281,200 $270,100
2016 $6,737 $551,300 $281,200 $270,100
2015 $6,334 $551,300 $281,200 $270,100
2014 $6,334 $551,300 $281,200 $270,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 172214

Cape May County Association of REALTORS®

APN: 12-00053-0000-00005