NOT LISTED FOR SALE

515 Bank St Cape May, NJ 08204

Estimated Value: $1,034,000 - $1,379,000

5 Beds
3 Baths
1,800 Sq Ft
$661/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $650,000 $361 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,579/month

13 Days on Market

Highlights

  • The property is located in a historic district
  • Main Floor Primary Bedroom
  • Den
  • Wood Flooring
  • Furnished
  • 3-minute walk to Cape May Rotary Park

About This Home

As of September 2020

Easy to show between the hours of 9-12 AM or 3-5 PM owners live on the premises so an Appointment is a must and being on time for the appointment is requested. Owner will leave for all showings so please be mindful and courteous in your showings time frame. A mask is required for ALL showings and hand sanitizer is provided at the entrance door and is to be please be used upon entrance and exiting. Elderly couple lives in the home PLEASE be mindful to not touch any of the doors or high touch points. If you do touch please use the wipes provided to wipe down behind yourself carry it with you throughout the showing and use when needed. Thank you!

Last Agent to Sell the Property

Dagmer Chew

HOMESTEAD REAL ESTATE CO. INC. Listed on: 07/15/2020

Last Buyer's Agent

Joseph Gilmartin

CENTURY 21 GILMARTIN & CO

CENTURY 21 GILMARTIN & CO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,900

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x119
  • Fenced Yard
  • Interior Lot

Parking

  • Parking Pad

Home Design

  • Asbestos Siding
  • Block Exterior

Interior Spaces

  • 1,800 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Living Room
  • Den
  • Wood Flooring
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Oven
  • Stove

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Patio
  • Outdoor Storage
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Zoned Cooling
  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 19 / 1054

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,900

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Historical District
  • District Township: 02-Cape May City
  • Near: Mall and Beaches
  • Also Includes: Furniture
  • Estimated Year Built: 1900
  • New Construction: No
  • Second Address Number: 515
  • Lot Size2: 50x119
  • Price per Sq Ft: 361.11
  • Selling Agent1: 282
  • Selling Office1: 47
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Appliances Included: Oven, Washer, Dryer, Stove Electric
  • Interior Amenities: Wood Flooring, Walk in Closet
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Total Rooms: 14
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 1800
  • Other Rooms: Living Room, Den/TV Room, Eat-In-Kitchen, Pantry, Laundry/Utility Room, Storage Attic, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Three Story
  • Exterior: Asbestos, Block
  • Frontage: 50
  • House Color: yellow
  • Outside Features: Patio, Porch, Fenced Yard, Storage Building, Cable TV, Sidewalks

Garage/Parking

  • Parking Garage: Parking Pad

Utilities

  • Cooling: Wall Air Conditioning, Multi Zoned
  • Heating: Gas Natural, Baseboard
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 19
  • Lot Size: 1 to 6000 SqFt
  • Zoning: residentia

Tax Info

  • Taxes: 3900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Aug 24, 2020
Sold by
Colanna Joseph P and Colonna Ann M
Bought by
Gounaris Daniel R and Gounaris Karen M
Seller's Agent
Dagmer Chew
HOMESTEAD REAL ESTATE CO. INC.
Buyer's Agent
Joseph Gilmartin
CENTURY 21 GILMARTIN & CO
List Price
$699,999
Sold Price
$650,000
Premium/Discount to List
-$49,999
-7.14%
Current Estimated Value
$1,189,096

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$539,096
Avg. Annual Appreciation
12.44%

Purchase Details

Closed on
Oct 4, 1983
Bought by
Colonna Joseph P and Ann Marie
Source: Public Records

Range of Values:

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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
Gounaris Daniel R $650,000 Misc Company
Colonna Joseph P -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2020 09/04/20 Sold $650,000 -7.1% $361 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $699,999 -- $389 / 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 $4,111 $830,400 $256,400 $574,000
2024 $4,111 $388,900 $256,400 $132,500
2023 $4,177 $388,900 $256,400 $132,500
2022 $4,013 $388,900 $256,400 $132,500
2021 $3,772 $388,900 $256,400 $132,500
2020 $3,772 $388,900 $256,400 $132,500
2019 $3,838 $388,900 $256,400 $132,500
2018 $3,621 $388,900 $256,400 $132,500
2017 $3,438 $388,900 $256,400 $132,500
2016 $3,236 $388,900 $256,400 $132,500
2015 $3,364 $388,900 $256,400 $132,500
2014 $3,364 $388,900 $256,400 $132,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Dagmer Chew

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 884-1888

    15 in this area

    49 Total Sales

    Dagmer Chew
    Section Image

  • J

    Buyer's Agent in 2020

    Joseph Gilmartin

    CENTURY 21 GILMARTIN & CO

    (609) 892-4567

    13 in this area

    31 Total Sales

    Joseph Gilmartin
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 202436

Cape May County Association of REALTORS®

APN: 02-01054-0000-00019

New Jersey Cape May County Cape May 08204

515 Bank St, Cape May, NJ

This home is located at 515 Bank St, Cape May, NJ 08204 since 15 July 2020 and is currently estimated at $1,189,096, approximately $660 per square foot. This property was built in 1900. 515 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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