NOT LISTED FOR SALE

507 Broadway Cape May, NJ 08204

Estimated Value: $773,000 - $1,105,000

3 Beds
2 Baths
-- Sq Ft
1.13 Acres

Last Sold May 12, 2023

Last sale price $645,000

Est. 46% increase in value since last sale

Current estimated payment $5,370/month

404 Days on Market

Highlights

  • The property is located in a historic district
  • Fenced Yard
  • Laundry Room
  • West Cape May Elementary School Rated A+
  • Living Room

About This Home

As of May 2023

This home is located at 507 Broadway, Cape May, NJ 08204 since 01 March 2022 and is currently estimated at $943,229. 507 Broadway is a home located in Cape May County with nearby schools including West Cape May Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High School.

Last Agent to Sell the Property

Truda Carney, MA

LONG & FOSTER REAL ESTATE, INC av Listed on: 03/01/2022

LONG & FOSTER REAL ESTATE, INC av

Last Buyer's Agent

Rebecca Chamberlain,SFR,SRES

LONG & FOSTER REAL ESTATE, INC cm

LONG & FOSTER REAL ESTATE, INC cm

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,215

Lot Details

  • Lot Dimensions are 49x118
  • Fenced Yard

Parking

  • Parking Pad

Interior Spaces

  • Living Room
  • Laundry Room

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • The property is located in a historic district

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Radiator
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 8 / 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,215

Lot Details

1.13 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Historical District
  • District Township: 12-West Cape May
  • New Construction: No
  • Lot Size2: 49x118
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Refrigerator
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 8
  • Other Rooms: Living Room, Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Fenced Yard

Garage/Parking

  • Parking Garage: Parking Pad

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Oil, Radiator
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 8
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 5214.72
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2022
Closed on
May 3, 2023
Sold by
Selwood Diane
Bought by
Nicol Robert F
Seller's Agent
Truda Carney, MA
LONG & FOSTER REAL ESTATE, INC av
Buyer's Agent
Rebecca Chamberlain,SFR,SRES
LONG & FOSTER REAL ESTATE, INC cm
List Price
$799,000
Sold Price
$645,000
Premium/Discount to List
-$154,000
-19.27%
Views
258
Current Estimated Value
$943,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,229
Avg. Annual Appreciation
14.76%
Original Mortgage
$612,750
Outstanding Balance
$595,184
Interest Rate
6.43%
Estimated Equity
$348,045
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nicol Robert F $645,000 Infinity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicol Robert F $612,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $645,000 0.0% --
05/01/2023 05/01/23 Off Market $645,000 -- --
07/02/2022 07/02/22 Price Changed $749,900 -6.1% --
03/01/2022 03/01/22 For Sale $799,000 -- --
Source: Cape May County Association of REALTORS®

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 $6,127 $413,400 $352,300 $61,100
2024 $6,127 $407,400 $352,300 $55,100
2023 $6,197 $407,400 $352,300 $55,100
2022 $5,520 $407,400 $352,300 $55,100
2021 $5,215 $407,400 $352,300 $55,100
2020 $5,374 $407,400 $352,300 $55,100
2019 $5,109 $407,400 $352,300 $55,100
2018 $5,154 $407,400 $352,300 $55,100
2017 $4,978 $407,400 $352,300 $55,100
2016 $4,978 $407,400 $352,300 $55,100
2015 $4,681 $407,400 $352,300 $55,100
2014 $4,681 $407,400 $352,300 $55,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Truda Carney, MA

    LONG & FOSTER REAL ESTATE, INC av

    (610) 324-1675

    10 in this area

    30 Total Sales

    Truda Carney, MA
    Section Image

  • R

    Buyer's Agent in 2023

    Rebecca Chamberlain,SFR,SRES

    LONG & FOSTER REAL ESTATE, INC cm

    (609) 972-7507

    18 in this area

    118 Total Sales

    Rebecca Chamberlain,SFR,SRES
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 220535

Cape May County Association of REALTORS®

APN: 12-00008-0000-00002

New Jersey Cape May County Cape May 08204

507 Broadway, Cape May, NJ

Not Listed for Sale

Detached

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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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