NOT LISTED FOR SALE

516 Broad St Cape May, NJ 08204

Estimated Value: $1,107,000 - $1,556,000

4 Beds
3 Baths
2,000 Sq Ft
$677/Sq Ft Est. Value

Last Sold October 16, 2015

Last sale price $580,000 $290 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $7,572/month

306 Days on Market

Highlights

  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Eat-In Kitchen
  • Wood Flooring
  • 1 Car Attached Garage
  • 3-minute walk to Cape May Rotary Park

About This Home

As of October 2015

Location, location, location! Walk to everything Cape May has to offer! Beaches, shopping & dining all only a few blocks from this tastefully finished & decorated 4 bed/3 bath townhome. Owners have added many beautiful upgrades including rich hardwood flooring, natural granite countertops, high end appliances, custom wall-to-wall carpeting, designer finished tile baths & paint choices. Nothing for you to do but move in. Sold mostly furnished! Interested in renting? This unit books solidly! Sale subject to summer leases. Wonderful open living room, dining area & kitchen floor plan with soaring vaulted ceilings. Kitchen opens to a private deck great for family BBQ's that overlooks a nice sized yard for playing with kids and pets. Covered front porch for enjoying those summer evenings at the shore with a cocktail in hand.

Last Agent to Sell the Property

Kimberly Gipple

COASTLINE REALTY, LLC Listed on: 11/14/2014

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,426

Year Built

  • Built in 2002

Lot Details

  • 9,365

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Automatic Garage Door Opener
  • Driveway

Pool

  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4 / 1053

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,426

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • District Township: 02-Cape May City
  • Near: Beaches
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Partial Furniture
  • Estimated Year Built: 2002
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 2002

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Estimated Living Sq Ft: 2000
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Pantry, Laundry/Utility Room, Storage Space, 1st Floor Master Bedroom

Garage/Parking

  • Parking: Auto Door Opener, Garage, 1 Car, Attached, Heated Garage, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Deck/Porch, Cable TV, Outside Shower
  • Unit Features: Kitchen Center Island, Hardwood Floors, Wall To Wall Carpet, Cathedral Ceiling

Lot Info

  • Lot Number: 4
  • Zoning: r3

Tax Info

  • Taxes: 4426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2014
Closed on
Oct 16, 2015
Sold by
Newell Gary A and Newell Jacqueline M
Bought by
Straight Nancy A
Seller's Agent
Kimberly Gipple
COASTLINE REALTY, LLC
List Price
$649,000
Sold Price
$580,000
Premium/Discount to List
-$69,000
-10.63%
Current Estimated Value
$1,353,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$773,996
Avg. Annual Appreciation
8.81%

Purchase Details

Closed on
Dec 28, 2004
Sold by
Strangfeld James E and Strangfeld Diane C
Bought by
Newell Gary A and Newell Jacqueline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
5.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2002
Sold by
Jersey Cape Venture Corp
Bought by
Strangfeld James E and Strangfeld Diane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.13%

Purchase Details

Closed on
Jul 5, 2001
Sold by
Feitz George W
Bought by
Jersey Cape Venture Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.2%
Source: Public Records

Range of Values:

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Average Value
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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
Straight Nancy A $580,000 --
Newell Gary A $650,000 The Title Company Of Jersey
Strangfeld James E $375,000 --
Jersey Cape Venture Corp $95,625 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Newell Gary A $520,000
Previous Owner Strangfeld James E $285,000
Previous Owner Jersey Cape Venture Corp $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2015 10/16/15 Sold $580,000 -10.6% $290 / Sq Ft
09/16/2015 09/16/15 Pending -- -- --
11/14/2014 11/14/14 For Sale $649,000 -- $325 / 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 $5,657 $535,200 $181,300 $353,900
2024 $5,657 $535,200 $181,300 $353,900
2023 $5,748 $535,200 $181,300 $353,900
2022 $5,523 $535,200 $181,300 $353,900
2021 $5,448 $535,200 $181,300 $353,900
2020 $5,191 $535,200 $181,300 $353,900
2019 $5,282 $535,200 $181,300 $353,900
2018 $4,983 $535,200 $181,300 $353,900
2017 $4,731 $535,200 $181,300 $353,900
2016 $4,453 $535,200 $181,300 $353,900
2015 $4,629 $535,200 $181,300 $353,900
2014 $4,629 $535,200 $181,300 $353,900
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Gipple

    Seller's Agent in 2015

    Kimberly Gipple

    COASTLINE REALTY, LLC

    (609) 972-9302

    12 in this area

    31 Total Sales

    Kimberly Gipple
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 161109

Cape May County Association of REALTORS®

APN: 02-01053-0000-00004-0000-C-516

New Jersey Cape May County Cape May 08204

516 Broad St, Cape May, NJ

This home is located at 516 Broad St, Cape May, NJ 08204 since 14 November 2014 and is currently estimated at $1,353,996, approximately $676 per square foot. This property was built in 2002. 516 Broad 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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