NOT LISTED FOR SALE

505 Pearl Ave Cape May Point, NJ 08212

Estimated Value: $2,250,196 - $3,856,000

4 Beds
4 Baths
2,539 Sq Ft
$1,256/Sq Ft Est. Value

Last Sold September 25, 2019

Last sale price $1,700,000 $670 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $17,924/month

96 Days on Market

Highlights

  • Water Views
  • Deck
  • Wood Flooring
  • Island Location
  • Cathedral Ceiling
  • Furnished

About This Home

As of September 2019

Exclusions: Mirror in living room, Master bedroom set, some collectibles, art, dishes and personal items. The is long weekly lease in place for the week of August 2nd to August 11th, repeat tenant. Lot size is approximately as noted in listing as a second home will be built next door to this one.

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 05/15/2019

Co-Listed By

Ami Menz

COASTLINE REALTY, LLC License #0447526

Last Buyer's Agent

Non-Member Non-Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,092

Year Built

  • Built in 2007

Lot Details

  • Interior Lot
  • Sprinkler System
  • Cleared Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,539 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Room
  • Den
  • Water Views
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 2 Car Garage
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Deck
  • Outdoor Grill
  • Porch

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 10.01 / 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,092

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Inside Lot, Island, Water View
  • District Township: 03-Cape May Point
  • Near: Across from Beach
  • Also Includes: Furniture, Window Treatments
  • Estimated Year Built: 2007
  • New Construction: No
  • Second Address Number: 505
  • Listing Office2: 20
  • Lot Size2: 55x160 IR
  • Price per Sq Ft: 669.55
  • Selling Agent1: 1416
  • Selling Office1: 246
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2007

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Walk in Closet, Tile Flooring
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 4
  • Total Rooms: 10
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2539
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Pantry, Laundry/Utility Room, Storage Attic

Exterior Features

  • Construction: Three Story
  • Exterior: Vinyl
  • Frontage: 55
  • House Color: Tan
  • Outside Features: Deck, Porch, Grill, Cable TV, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Radiant, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 10.01
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 5091.79
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Sep 25, 2019
Sold by
Stuebing John H and Stuebing Cheryl A
Bought by
Levine Seth M and Levine Marie
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$1,749,900
Sold Price
$1,700,000
Premium/Discount to List
-$49,900
-2.85%
Current Estimated Value
$3,188,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,488,799
Avg. Annual Appreciation
11.15%
Original Mortgage
$1,345,000
Outstanding Balance
$917,560
Interest Rate
3.5%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$2,271,239

Purchase Details

Closed on
Feb 14, 1995
Sold by
Cushman Stephen E
Bought by
Cushman Stephen E and Cushman Stanli J
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
Levine Seth M $1,700,000 --
Cushman Stephen E $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levine Seth M $1,345,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2019 09/25/19 Sold $1,700,000 -2.9% $670 / Sq Ft
08/19/2019 08/19/19 Pending -- -- --
05/15/2019 05/15/19 For Sale $1,749,900 -- $689 / 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 $8,204 $1,108,600 $561,000 $547,600
2024 $8,204 $1,108,600 $561,000 $547,600
2023 $8,082 $1,108,600 $561,000 $547,600
2022 $7,816 $1,108,600 $561,000 $547,600
2021 $7,169 $1,108,600 $561,000 $547,600
2020 $6,895 $1,108,600 $561,000 $547,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 187798

Cape May County Association of REALTORS®

APN: 03 00012-0000-00010- 01-C0505