NOT LISTED FOR SALE

506 Pacific Ave Cape May, NJ 08204

Estimated Value: $601,000 - $657,000

2 Beds
1 Bath
620 Sq Ft
$1,025/Sq Ft Est. Value

Last Sold June 13, 2022

Last sale price $535,000 $863 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,704/month

13 Days on Market

Highlights

  • Property near a bay
  • Ranch Style House
  • Fenced Yard
  • Island Location
  • Wood Flooring
  • Eat-In Kitchen

About This Home

As of June 2022

This home is located at 506 Pacific Ave, Cape May, NJ 08204 since 25 April 2022 and is currently estimated at $635,681, approximately $1,025 per square foot. This property was built in 1953. 506 Pacific 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

Brian Groetsch

RE/MAX SURFSIDE Listed on: 04/25/2022

RE/MAX SURFSIDE

Co-Listed By

Christine Lynn

RE/MAX SURFSIDE License #0336886

Last Buyer's Agent

Ryan Walker

KELLER WILLIAMS LANGHORNE License #2077995

KELLER WILLIAMS LANGHORNE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,540

Year Built

  • Built in 1953

Lot Details

  • Lot Dimensions are 60 x 125
  • Fenced Yard
  • Property is zoned R-3

Home Design

  • Ranch Style House
  • Asbestos Siding

Interior Spaces

  • 620 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Wood Flooring
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Outdoor Storage

Location

  • Island Location

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 8 / 640

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,540

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Island
  • District Township: 05-Lower Township
  • Near: Delaware Bay
  • Estimated Year Built: 1953
  • Bay Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 506
  • Listing Office2: 858
  • Lot Size2: 60 x 125
  • Price per Sq Ft: 862.9
  • Selling Agent1: 5819
  • Selling Office1: 515
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1953

Interior Features

  • Interior Amenities: Wood Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 4
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 620
  • Other Rooms: Living Room, Eat-In-Kitchen

Exterior Features

  • Construction: Ranch
  • Exterior: Asbestos
  • Frontage: 60
  • House Color: Blue
  • Outside Features: Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower

Utilities

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

Lot Info

  • Lot Number: 8
  • Lot Size: 6001-10000 SqFt
  • Zoning: R-3

Tax Info

  • Taxes: 3540.04
  • Tax Year: 2021/2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Jun 6, 2022
Sold by
William Willis Iv Arthur
Bought by
Walker Tanya Ann
Seller's Agent
Brian Groetsch
RE/MAX SURFSIDE
Buyer's Agent
Ryan Walker
KELLER WILLIAMS LANGHORNE
List Price
$499,000
Sold Price
$535,000
Premium/Discount to List
$36,000
7.21%
Current Estimated Value
$635,681

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,681
Avg. Annual Appreciation
5.50%
Original Mortgage
$428,000
Outstanding Balance
$407,821
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$229,150

Purchase Details

Closed on
Jan 19, 2021
Sold by
Goodman Willis June Est
Bought by
Willis Arthur W

Purchase Details

Closed on
Oct 7, 2005
Sold by
Goodman Willis Arthur William and Goodman Willis June
Bought by
Goodman Willis June
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
Walker Tanya Ann $535,000 Fidelity National Title
Willis Arthur W -- None Available
Goodman Willis June -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walker Tanya Ann $428,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $535,000 +7.2% $863 / Sq Ft
05/08/2022 05/08/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $499,000 -- $805 / 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 $3,819 $188,300 $156,400 $31,900
2024 $3,819 $188,300 $156,400 $31,900
2023 $3,764 $188,300 $156,400 $31,900
2022 $3,649 $188,300 $156,400 $31,900
2021 $3,290 $188,300 $156,400 $31,900
2020 $3,234 $188,300 $156,400 $31,900
2019 $3,147 $188,300 $156,400 $31,900
2018 $3,066 $188,300 $156,400 $31,900
2017 $3,070 $188,300 $156,400 $31,900
2016 $3,019 $188,300 $156,400 $31,900
2015 $2,913 $188,300 $156,400 $31,900
2014 $2,810 $188,300 $156,400 $31,900
Source: Public Records

Agents Affiliated with this Home

  • Brian Groetsch

    Seller's Agent in 2022

    Brian Groetsch

    RE/MAX SURFSIDE

    (609) 972-6339

    53 in this area

    121 Total Sales

    Brian Groetsch
    Section Image
  • Christine Lynn

    Seller Co-Listing Agent in 2022

    Christine Lynn

    RE/MAX SURFSIDE

    (609) 780-7344

    54 in this area

    111 Total Sales

    Christine Lynn
    Section Image

  • R

    Buyer's Agent in 2022

    Ryan Walker

    KELLER WILLIAMS LANGHORNE

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 221200

Cape May County Association of REALTORS®

APN: 05-00640-0000-00008

New Jersey Cape May County Cape May 08204

506 Pacific Ave, Cape May, NJ

This home is located at 506 Pacific Ave, Cape May, NJ 08204 since 25 April 2022 and is currently estimated at $635,681, approximately $1,025 per square foot. This property was built in 1953. 506 Pacific 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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