$284,000
SOLD NOV 30, 2015

511 Bank St Cape May, NJ 08204

3 Beds
1 Bath
1,440 Sq Ft
1.56 Acres

Recently Sold

$197 Per Sq Ft

32% Below List Price

484 Days on Market

Highlights

  • Island Location
  • Interior Lot
  • Dining Room
  • Enclosed Patio or Porch
  • Living Room
  • 3-minute walk to Cape May Rotary Park

About This Home

As of April 2017

Excellent opportunity in downtown Cape May. This 3BR single family home is located just a few short blocks to the Washington Street Mall. The property is being marketed as a rehab and is being conveyed in AS-IS Condition. Inspections will be for informational purposes only.

Last Agent to Sell the Property

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877 Listed on: 07/04/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,932

Parking

  • Stone Driveway

Interior Spaces

  • 2-Story Property
  • Living Room
  • Dining Room
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Enclosed Patio or Porch
  • Interior Lot
  • Island Location
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 18 / 1054

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,932

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Island
  • District Township: 02-Cape May City
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 7
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen

Exterior Features

  • Construction: Two Story
  • Frontage: 68
  • Outside Features: Enclosed/Covered Patio, Cable TV, Sidewalks

Garage/Parking

  • Parking Garage: Stone Driveway

Utilities

  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 18
  • Lot Size: 68X129 IRR
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 2932.35
  • Assessor Parcel Number: 02010540000000180000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2018
Sold by
Patterson Matthew
Bought by
Bales Elizabeth and Dellangelo Michael
Current Estimated Value
$2,705,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$799,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 13, 2016
Closed on
Apr 13, 2017
Sold by
Cape Real Estate Developers Llc
Bought by
Patterson Matthew
Seller's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
Buyer's Agent
James Zeitler
JERSEY CAPE REALTY
List Price
$799,000
Sold Price
$795,000
Premium/Discount to List
-$4,000
-0.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Original Mortgage
$250,000
Interest Rate
4.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 4, 2014
Closed on
Nov 30, 2015
Sold by
Wright Gary Yvonne Patricia
Bought by
Cape Real Estate Developers and Peter Scott D
Seller's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
List Price
$419,000
Sold Price
$284,000
Premium/Discount to List
-$135,000
-32.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
111.99%
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 Type Sale Price Title Company
Deed $999,000 --
Deed $795,000 Seaboard Title Agency
Deed $284,000 Seaboard Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $767,700 Stand Alone Refi Refinance Of Original Loan
Closed $799,000 Purchase Money Mortgage
Previous Owner $250,000 Purchase Money Mortgage
Previous Owner $204,000 New Conventional
Previous Owner $60,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/13/2017 04/13/17 Sold $795,000 -0.5% $552 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
04/13/2016 04/13/16 For Sale $799,000 +181.3% $555 / Sq Ft
11/30/2015 11/30/15 Sold $284,000 -32.2% $197 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
07/04/2014 07/04/14 For Sale $419,000 -- $291 / 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 $8,152 $771,200 $245,900 $525,300
2024 $8,152 $771,200 $245,900 $525,300
2023 $8,283 $771,200 $245,900 $525,300
2022 $7,959 $771,200 $245,900 $525,300
2021 $7,851 $771,200 $245,900 $525,300
2020 $7,481 $771,200 $245,900 $525,300
2019 $7,612 $771,200 $245,900 $525,300
2018 $7,180 $771,200 $245,900 $525,300
2017 $2,174 $245,900 $245,900 $0
2016 $2,820 $339,000 $245,900 $93,100
2015 $2,932 $339,000 $245,900 $93,100
2014 $2,932 $339,000 $245,900 $93,100
Source: Public Records

Agents Affiliated with this Home

  • Ryan Griffin

    Seller's Agent in 2017

    Ryan Griffin

    deSatnick Real Estate LLC - Cape May

    (609) 602-5578

    49 in this area

    117 Total Sales

    Ryan Griffin
    Section Image

  • J

    Buyer's Agent in 2017

    James Zeitler

    JERSEY CAPE REALTY

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 158831

Cape May County Association of REALTORS®

APN: 02-01054-0000-00018

New Jersey Cape May County Cape May 08204

511 Bank St, Cape May, NJ

This home is located at 511 Bank St, Cape May, NJ 08204 and is currently priced at $284,000, approximately $197 per square foot. 511 Bank St is a home located in Cape May County with nearby schools including Cape May City Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High 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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