NOT LISTED FOR SALE

502 Indian Ave Cape May, NJ 08204

Estimated Value: $459,000 - $749,000

3 Beds
1 Bath
978 Sq Ft
$648/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $440,500 $450 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,682/month

15 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Attached Garage
  • Living Room
  • Enclosed Patio or Porch
  • Eat-In Kitchen
  • Outdoor Shower

About This Home

As of October 2021

Year round tenant with lease expiring in October 2021. Tenant pays $1600/month, plus utilities.

Last Agent to Sell the Property

Stacy Hutchinson

deSatnick Real Estate LLC - Cape May Listed on: 06/04/2021

Last Buyer's Agent

Cody Menz

COASTLINE REALTY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,663

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 62 x 125
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 11 / 643

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,663

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • Near: Bay and Ferry
  • Also Includes: Blinds
  • Estimated Year Built: 1966
  • New Construction: No
  • Second Address Number: 502
  • Lot Size2: 62 x 125
  • Selling Agent1: 5609
  • Selling Office1: 20
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1966

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Stove Electric
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 9
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Eat-In-Kitchen

Exterior Features

  • Construction: Ranch
  • Exterior: Brick, Vinyl
  • Outside Features: Enclosed/Covered Patio, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, 1 Car, Attached

Utilities

  • Cooling: Window Air Conditioning
  • Heating: Electric, Baseboard
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 11
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 3663
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2021
Closed on
Oct 18, 2021
Sold by
Difrancesco Rose M and Difrancesco Martin
Bought by
Koenig Rosemarie A
Seller's Agent
Stacy Hutchinson
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Cody Menz
COASTLINE REALTY, LLC
List Price
$439,000
Sold Price
$440,500
Premium/Discount to List
$1,500
0.34%
Current Estimated Value
$633,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,274
Avg. Annual Appreciation
11.22%

Purchase Details

Closed on
Oct 14, 2004
Sold by
Weaver Carol
Bought by
Difrancesco Martin and Difrancesco Rose Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 31, 1994
Sold by
Wuillermin Carrie
Bought by
Gayman Henry and Weaver Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
8.54%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Koenig Rosemarie A $440,500 None Available
Difrancesco Martin $280,000 The Title Company Of Jersey
Gayman Henry $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koenig Rosemarie A $290,000
Previous Owner Difrancesco Martin $192,551
Previous Owner Difrancesco Martin $224,000
Previous Owner Gayman Henry $67,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $440,500 +0.3% $450 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $439,000 -- $449 / 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 $4,015 $198,000 $117,300 $80,700
2024 $4,015 $198,000 $117,300 $80,700
2023 $3,958 $198,000 $117,300 $80,700
2022 $3,837 $198,000 $117,300 $80,700
2021 $3,722 $198,000 $117,300 $80,700
2020 $3,663 $198,000 $117,300 $80,700
2019 $3,572 $198,000 $117,300 $80,700
2018 $3,487 $198,000 $117,300 $80,700
2017 $3,491 $198,000 $117,300 $80,700
2016 $3,437 $198,000 $117,300 $80,700
2015 $3,326 $198,000 $117,300 $80,700
2014 $3,218 $198,000 $117,300 $80,700
Source: Public Records

Agents Affiliated with this Home

  • Stacy Hutchinson

    Seller's Agent in 2021

    Stacy Hutchinson

    deSatnick Real Estate LLC - Cape May

    (609) 884-1300

    23 in this area

    56 Total Sales

    Stacy Hutchinson
    Section Image
  • Cody Menz

    Buyer's Agent in 2021

    Cody Menz

    COASTLINE REALTY, LLC

    (609) 675-1928

    8 in this area

    22 Total Sales

    Cody Menz
    Section Image
See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 212022

Cape May County Association of REALTORS®

APN: 05-00643-0000-00011

New Jersey Cape May County Cape May 08204

502 Indian Ave, Cape May, NJ

This home is located at 502 Indian Ave, Cape May, NJ 08204 since 04 June 2021 and is currently estimated at $633,774, approximately $648 per square foot. This property was built in 1966. 502 Indian 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.

Nearby Homes