NOT LISTED FOR SALE

501 Leaming Ave Cape May, NJ 08204

Estimated Value: $736,187 - $973,000

3 Beds
2 Baths
2,426 Sq Ft
$336/Sq Ft Est. Value

Last Sold November 18, 2022

Last sale price $579,900 $239 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,166/month

2 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • Eat-In Kitchen
  • Wood Flooring
  • Great Room
  • Walk-In Closet

About This Home

As of November 2022

This home is located at 501 Leaming Ave, Cape May, NJ 08204 since 07 October 2022 and is currently estimated at $814,547, approximately $335 per square foot. This property was built in 1952. 501 Leaming 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

Karen Smith

HOMESTEAD REAL ESTATE CO. INC. Listed on: 10/07/2022

Last Buyer's Agent

Karen Smith

HOMESTEAD REAL ESTATE CO. INC. Listed on: 10/07/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,916

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 125x100
  • Corner Lot

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 2,426 Sq Ft Home
  • Partially Furnished
  • Wood Burning Fireplace
  • Blinds
  • Great Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Outdoor Storage
  • Outdoor Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 1 / 650

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,916

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner
  • District Township: 05-Lower Township
  • Near: Bay, Restaurants, Ferry
  • Also Includes: Blinds, Partial Furniture
  • Estimated Year Built: 1952
  • New Construction: No
  • Second Address Number: 501
  • Lot Size2: 125x100
  • Price per Sq Ft: 239.04
  • Selling Agent1: 6477
  • Selling Office1: 44
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Natural Gas
  • Interior Amenities: Wood Flooring, Walk in Closet, Wall to Wall Carpet, Fireplace- Wood, Vinyl Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 10
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2426
  • Other Rooms: Living Room, Dining Room, Eat-In-Kitchen, Pantry, Laundry/Utility Room, Great Room, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 100
  • House Color: White
  • Outside Features: Grill, Storage Building, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: 2 Car, Concrete Driveway

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 1
  • Lot Size: 10000-20000 SqFt

Tax Info

  • Taxes: 5916.36
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 18, 2022
Sold by
Shields Bernard
Bought by
Slater John Timothy and Slater Maureen Patricia
Seller's Agent
Karen Smith
HOMESTEAD REAL ESTATE CO. INC.
Buyer's Agent
Karen Smith
HOMESTEAD REAL ESTATE CO. INC.
List Price
$579,900
Sold Price
$579,900
Views
3
Current Estimated Value
$846,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,535
Avg. Annual Appreciation
13.15%
Original Mortgage
$463,920
Outstanding Balance
$452,261
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$360,336

Purchase Details

Closed on
Jul 17, 1998
Sold by
Mcfadden Lois L
Bought by
Marcel Mary Ellen and Shields Bernard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
6.98%
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
Slater John Timothy $579,900 --
Marcel Mary Ellen $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slater John Timothy $463,920
Previous Owner Marcel Mary Ellen $48,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $579,900 0.0% $239 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $579,900 -- $239 / 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 $6,382 $314,700 $134,000 $180,700
2024 $6,382 $314,700 $134,000 $180,700
2023 $6,291 $314,700 $134,000 $180,700
2022 $6,099 $314,700 $134,000 $180,700
2021 $5,916 $314,700 $134,000 $180,700
2020 $5,822 $314,700 $134,000 $180,700
2019 $5,677 $314,700 $134,000 $180,700
2018 $5,542 $314,700 $134,000 $180,700
2017 $5,548 $314,700 $134,000 $180,700
2016 $5,463 $314,700 $134,000 $180,700
2015 $5,287 $314,700 $134,000 $180,700
2014 $5,114 $314,700 $134,000 $180,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2022

    Karen Smith

    HOMESTEAD REAL ESTATE CO. INC.

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 223149

Cape May County Association of REALTORS®

APN: 05-00650-0000-00001

New Jersey Cape May County Cape May 08204

501 Leaming Ave, Cape May, NJ

This home is located at 501 Leaming Ave, Cape May, NJ 08204 since 07 October 2022 and is currently estimated at $814,547, approximately $335 per square foot. This property was built in 1952. 501 Leaming 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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