NOT LISTED FOR SALE

501 Beach Ave Unit 106 Cape May, NJ 08204

Cape May Area

Estimated Value: $184,000 - $528,000

1 Bed
1 Bath
425 Sq Ft
1.74 Acre Lot

Sale Details

Date Sold: June 27, 2022

Last sale price $155,000 $365 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $1,738 / mo

31 Days on Market

Highlights

  • Beach Front
  • Island Location
  • Ground Level Unit
  • Building is beachfront but unit may not have water views
  • Furnished
  • Community Pool

About This Home

As of June 2022

2020 owner gross room revenue $29,931.49 less condo fee $1,912.40, less Hotel Operating Expense $24,843.40,net to owner $3,175.95. 2021 owner gross room revenue $57,587.01, less condo fee $1,737.70, less Hotel Operating Expense $43,190.26 net to owner $12,659.05. This information is deemed accurate but not guaranteed. Crest Saving bank and Sturdy Savings Bank do loans on this building. See associated docs for more information.

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 04/05/2022

Last Buyer's Agent

Jennifer Collins

CENTURY 21 GILMARTIN & CO License #2075406

CENTURY 21 GILMARTIN & CO

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $916

Year Built

  • Built in 1935

Lot Details

  • Building is beachfront but unit may not have water views
  • Beach Front

HOA Fees

  • $80 Monthly HOA Fees

Property Views

  • Water
  • Pool

Interior Spaces

  • 425 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Tile Flooring

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Pool

  • Outdoor Shower

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1,6-7 / 1047

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$916

Year Built

Built in 1935

Lot Details

1.74 Acres

HOA Fees

$80 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Block, Beach Front, Island, Water Front, Water View
  • District Township: 02-Cape May City
  • Near: OCEANFRONT
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1935
  • New Construction: No
  • Capital Contribution: No
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1935

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator
  • Number Of Stories: One
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1
  • Estimated Living Sq Ft: 425
  • Other Rooms: Living Room, Kitchen

Garage/Parking

  • Parking: 1 Car, Assigned Parking

Utilities

  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Space/Wall/Floor
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Elevator, Patio, Deck/Porch, Enclosed/Cov. Porch, Cable TV, Outside Shower, Pool, Whirlpool/Spa
  • Condo Fees: 80.21
  • Unit Features: Tile Floors
  • Unit Location: First Floor, Pool View, Water View

Lot Info

  • Lot Number: 1,6-7
  • Zoning: C-2

Tax Info

  • Taxes: 916.2
  • Tax Year: 2022

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2022
Closed on
Jun 20, 2022
Sold by
Bought by
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
Jennifer Collins
CENTURY 21 GILMARTIN & CO
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%
Current Estimated Value
$287,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,153
Avg. Annual Appreciation
16.23%
Original Mortgage
$100,000
Outstanding Balance
$93,888
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$193,265

Purchase Details

Listed on
May 2, 2019
Closed on
Sep 27, 2019
Sold by
Bought by
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
Jacqueline Byron
HOFFMAN AGENCY
List Price
$119,000
Sold Price
$90,000
Premium/Discount to List
-$29,000
-24.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.03%

Purchase Details

Closed on
Sep 16, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2011
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Cape May, NJ

  • Lisa Marie Timko Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    Lisa Marie Timko

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (856) 420-7344

    72 Total Sales

    3 in Cape May

    $649K - $723K Price Range

    Lisa Marie Timko
     Section Image
  • Tania Schade Real Estate Agent - SERHANT

    Tania Schade

    SERHANT

    (267) 460-3224

    22 Total Sales

    4 in Cape May

    $1.2M - $3.9M Price Range

    Tania Schade
     Section Image
  • Courtney Romberger Real Estate Agent - JERSEY CAPE REALTY

    Courtney Romberger

    JERSEY CAPE REALTY

    (609) 780-9248

    63 Total Sales

    7 in Cape May

    $435K - $2.1M Price Range

    Courtney Romberger
     Section Image
  • Christopher Ferzoco Real Estate Agent - KELLER WILLIAMS REALTY JERSEY SHORE - SIC

    Christopher Ferzoco

    KELLER WILLIAMS REALTY JERSEY SHORE - SIC

    (855) 635-3436

    202 Total Sales

    3 in Cape May

    $480K - $2.5M Price Range

    Christopher Ferzoco
     Section Image
  • Debbie Particelli Real Estate Agent - Compass RE

    Debbie Particelli

    Compass RE

    (610) 510-6783

    42 Total Sales

    1 in Cape May

    $1,925,000 Price

    Debbie Particelli
     Section Image
  • Bradley Vogdes Real Estate Agent - ATLANTIS REALTY

    Bradley Vogdes

    ATLANTIS REALTY

    (609) 849-3780

    98 Total Sales

    3 in Cape May

    $760K - $2.2M Price Range

    Bradley Vogdes
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$155,000 Title Company Of Jersey
$90,000 --
-- Attorney
$160,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2022 06/27/22 Sold $155,000 -3.1% $365 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/05/2022 04/05/22 For Sale $159,900 +77.7% $376 / Sq Ft
10/04/2019 10/04/19 Sold $90,000 -24.4% -- View Prior Sale
09/12/2019 09/12/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $119,000 -- --
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $951 $90,000 $40,000 $50,000
2025 $951 $90,000 $40,000 $50,000
2024 $951 $90,000 $40,000 $50,000
2023 $967 $90,000 $40,000 $50,000
2022 $929 $90,000 $40,000 $50,000
2021 $916 $90,000 $40,000 $50,000
2020 $1,679 $173,100 $65,000 $108,100
2019 $1,709 $173,100 $65,000 $108,100
2018 $1,612 $173,100 $65,000 $108,100
2017 $1,530 $173,100 $65,000 $108,100
2016 $1,440 $173,100 $65,000 $108,100
2015 $1,497 $173,100 $65,000 $108,100
2014 $1,497 $173,100 $65,000 $108,100
Source: Public Records

Agents Affiliated with this Home

  • Carol Menz Real Estate Agent - COASTLINE REALTY, LLC

    Seller's Agent in 2022

    Carol Menz

    COASTLINE REALTY, LLC

    (609) 374-0325

    238 Total Sales

    Carol Menz
    Section Image

  • J

    Buyer's Agent in 2022

    Jennifer Collins

    CENTURY 21 GILMARTIN & CO

    (609) 374-2362

    14 Total Sales

    Jennifer Collins
    Section Image
  • Tai Menz Real Estate Agent - COASTLINE REALTY, LLC

    Seller Co-Listing Agent in 2019

    Tai Menz

    COASTLINE REALTY, LLC

    (609) 602-8061

    100 Total Sales

    Tai Menz
    Section Image

  • J

    Buyer's Agent in 2019

    Jacqueline Byron

    HOFFMAN AGENCY

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 220935

Cape May County Association of REALTORS®

APN: 02-01047-0000-00001-0000-C-106

New Jersey Cape May County Cape May 08204

501 Beach Ave Unit 106, Cape May, NJ

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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