NOT LISTED FOR SALE

508 Shunpike Rd Cape May, NJ 08204

Estimated Value: $556,000

1.03 Acres
$539,806 Price per Acre
44,867 Sq Ft Lot

Last Sold January 24, 2019

Last sale price $93,500 $55 Per Sq Ft

Est. 495% increase in value since last sale

Current estimated payment $3,245/month

18 Days on Market

About This Lot

As of January 2019

All offers must be submitted by the Buyer's agent via the RES.NET Agent Portal. To submit your buyer's offer, simply click the link below. If you already have a RES.NET Agent account, you will be prompted to log in. If not, you will be prompted to create an account. ******* To begin, click or paste this link into your web browser: https://agent.res.net/Offers.aspx?-1525835 ****** ON LOCKBOX 8742, LEFT FRONT DOOR.

Last Agent to Sell the Property

Joseph Zarroli

ISLAND REALTY GROUP LLC Listed on: 12/23/2018

Last Buyer's Agent

Todd deSatnick

deSatnick Real Estate LLC - Cape May

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,502

Lot Details

  • 1.03 Acre Lot
  • Interior Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned R2

Utilities

  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 22.01 / 497.01

Property Details

Property Type

Land

Est. Annual Taxes

$4,502

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Inside Lot, Mainland
  • District Township: 05-Lower Township
  • Near: Cape May Airport
  • Second Address Number: 508
  • Lot Size2: 1.03 Acres
  • Price per Sq Ft: 90776.7
  • Selling Agent1: 4880
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: 20
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 267

Lot Info

  • Lot Number: 22.01
  • Lot Size: 1+ Acre to 5 Acres
  • Total Assessment: 118100
  • Zoning: R2
  • Improvements: Electric, Cable TV
  • Number Of Acres: 1.03
  • Specific Lot Information: Other (See Remarks)
  • Topography: Level, Partially Cleared, Wooded
  • Zoning: Residential

Tax Info

  • Taxes: 4502.08
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2018
Sold by
Nolan Robert A
Bought by
Us Bank Na
Current Estimated Value
$556,000

Purchase Details

Closed on
Mar 8, 2000

Purchase Details

Closed on
May 30, 1997
Sold by
Jasper Eugene E
Bought by
Morse Robin A and Morse Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.98%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 1995
Sold by
G E Cap Mtg
Bought by
Jasper Eugene E and Jasper Roseann
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
Us Bank Na $101 --
-- -- --
Morse Robin A $66,190 --
Jasper Eugene E $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morse Robin $229,500
Previous Owner Morse Robin A $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2019 01/24/19 Sold $93,500 +57.1% $55 / Sq Ft
01/10/2019 01/10/19 Pending -- -- --
12/23/2018 12/23/18 For Sale $59,500 -- $35 / 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 $2,403 $113,800 $113,800 --
2024 $2,403 $118,100 $118,100 $0
2023 $2,367 $118,100 $118,100 $0
2022 $2,295 $118,100 $118,100 $0
2021 $2,103 $118,100 $118,100 $0
2020 $2,187 $118,100 $118,100 $0
2019 $4,610 $255,800 $118,100 $137,700
2018 $4,502 $255,800 $118,100 $137,700
2017 $4,505 $255,800 $118,100 $137,700
2016 $4,443 $255,800 $118,100 $137,700
2015 $4,300 $255,800 $118,100 $137,700
2014 $4,159 $255,800 $118,100 $137,700
Source: Public Records

Agents Affiliated with this Home

  • Joseph Zarroli

    Seller's Agent in 2019

    Joseph Zarroli

    ISLAND REALTY GROUP LLC

    (609) 402-8900

    1 in this area

    46 Total Sales

    Section Image
  • Todd deSatnick

    Buyer's Agent in 2019

    Todd deSatnick

    deSatnick Real Estate LLC - Cape May

    (609) 780-2033

    18 in this area

    64 Total Sales

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 185386

Cape May County Association of REALTORS®

APN: 05 00497- 01-00022- 01

New Jersey Cape May County Cape May 08204

508 Shunpike Rd, Cape May, NJ

This home is located at 508 Shunpike Rd, Cape May, NJ 08204 since 23 December 2018 and is currently estimated at $556,000, approximately $327 per square foot. 508 Shunpike Rd is a home located in Cape May County with nearby schools including David C. Douglass Veterans Memorial School, Carl T. Mitnick 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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