NOT LISTED FOR SALE

507 Alexander Ave Cape May Point, NJ 08212

Estimated Value: $1,531,000 - $2,216,000

4 Beds
3 Baths
2,349 Sq Ft
$826/Sq Ft Est. Value

Last Sold March 15, 2017

Last sale price $974,000 $415 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $11,047/month

18 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Great Room
  • Island Location
  • Main Floor Primary Bedroom
  • Cottage

About This Home

As of March 2017

This home is located at 507 Alexander Ave, Cape May Point, NJ 08212 since 21 November 2016 and is currently estimated at $1,940,389, approximately $826 per square foot. This property was built in 2016. 507 Alexander 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

Carol Menz

COASTLINE REALTY, LLC Listed on: 11/21/2016

Last Buyer's Agent

William Kurtz

Coldwell Banker Sol Needles Real Estate

Coldwell Banker Sol Needles Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,000

Year Built

  • Built in 2016 | Newly Remodeled

Lot Details

  • Interior Lot
  • Sprinkler System
  • Cleared Lot

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • 2,349 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Great Room
  • Dining Room
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 2 Car Garage
  • Gravel Driveway

Outdoor Features

  • Outdoor Shower
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Island Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 16.01 / 17

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,000

Year Built

Built in 2016 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Inside Lot, Island
  • District Township: 03-Cape May Point
  • Near: close to beach
  • Estimated Year Built: 2016
  • New Construction: Yes
  • Second Address Number: 507
  • Lot Size2: 50 x 118 i
  • Price per Sq Ft: 414.64
  • Selling Agent1: 392
  • Selling Office1: 72
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas, Wine Cooler
  • Interior Amenities: Fireplace- Gas, Wood Flooring, Walk in Closet, Wall to Wall Carpet
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 11
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2349
  • Other Rooms: Dining Room, Kitchen, Laundry/Utility Room, Great Room, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, Cottage
  • Exterior: Vinyl
  • Frontage: 50
  • Outside Features: Patio, Porch, Storage Building, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: 2 Car, Gravel Driveway

Utilities

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

Lot Info

  • Lot Number: 16.01
  • Lot Size: 1 to 6000 SqFt
  • Zoning: R

Tax Info

  • Taxes: 4000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 15, 2020
Sold by
Hotmer Douglas A and Hotmer Dianne D
Bought by
Hotmer Dianne D
Current Estimated Value
$1,940,389

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
2.67%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Listed on
Nov 21, 2016
Closed on
Mar 15, 2017
Sold by
Cmw Associates Llc
Bought by
Hotmer Douglas A and Hotmer Dianne D
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
William Kurtz
Coldwell Banker Sol Needles Real Estate
List Price
$989,000
Sold Price
$974,000
Premium/Discount to List
-$15,000
-1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.50%
Original Mortgage
$674,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 29, 2014
Closed on
May 8, 2015
Sold by
Mc Blinn Llc
Bought by
Cmw Associates Llc
Seller's Agent
Ami Menz
COASTLINE REALTY, LLC
List Price
$615,000
Sold Price
$595,000
Premium/Discount to List
-$20,000
-3.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.72%

Purchase Details

Closed on
Apr 1, 2011
Sold by
Schwarz Lois T and Schwarz Denise Ann
Bought by
Mcblinn Llc

Purchase Details

Closed on
Apr 23, 2010
Sold by
Schwarz Lois
Bought by
Schwarz Lois T and Schwarz Denise Ann
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hotmer Dianne D -- Misc Company
Hotmer Douglas A $974,000 None Available
Cmw Associates Llc $595,000 The Title Company Of Nj
Mcblinn Llc -- None Available
Schwarz Lois T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hotmer Dianne D $510,400
Previous Owner Hotmer Douglas A $674,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2017 03/15/17 Sold $974,000 -1.5% $415 / Sq Ft
02/13/2017 02/13/17 Pending -- -- --
11/21/2016 11/21/16 For Sale $989,000 +66.2% $421 / Sq Ft
05/15/2015 05/15/15 Sold $595,000 -3.3% --
04/15/2015 04/15/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $615,000 -- --
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 $6,672 $901,600 $431,000 $470,600
2024 $6,672 $901,600 $431,000 $470,600
2023 $6,573 $901,600 $431,000 $470,600
2022 $6,356 $901,600 $431,000 $470,600
2021 $5,833 $901,600 $431,000 $470,600
2020 $5,608 $901,600 $431,000 $470,600
2019 $5,536 $901,600 $431,000 $470,600
2018 $5,337 $901,600 $431,000 $470,600
2017 $5,283 $901,600 $431,000 $470,600
2016 $2,778 $484,000 $484,000 $0
2015 $3,939 $791,000 $649,900 $141,100
2014 -- $791,000 $649,900 $141,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 173480

Cape May County Association of REALTORS®

APN: 03 00017-0000-00016- 01