NOT LISTED FOR SALE

518 Elmira St Cape May, NJ 08204

Estimated Value: $1,016,000 - $1,732,000

3 Beds
2 Baths
2,526 Sq Ft
$576/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $999,000 $395 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $8,130/month

9 Days on Market

Highlights

  • The property is located in a historic district
  • Cottage
  • Porch
  • Wood Flooring
  • Fenced Yard
  • 4-minute walk to Cape May Rotary Park

About This Home

As of February 2021

The Seller must find suitable housing. Current flood is about $3100 a year and homeowners is about $2200 a year.

Last Agent to Sell the Property

Janice Conwell

HOMESTEAD REAL ESTATE CO. INC. Listed on: 12/04/2020

Co-Listed By

Annie Mullock

Tim Kerr Sotheby's International Realty

Last Buyer's Agent

Dolores Lanzalotti

JERSEY CAPE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,310

Year Built

  • Built in 1900

Lot Details

  • Fenced Yard
  • Interior Lot
  • Cleared Lot

Home Design

  • Cottage
  • Wood Siding

Interior Spaces

  • 2,526 Sq Ft Home
  • Living Room
  • Dining Area
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Parking

  • 4 Car Garage
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Outdoor Storage
  • Porch

Location

  • The property is located in a historic district

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 10 / 1054

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,310

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Inside Lot, Historical District
  • District Township: 02-Cape May City
  • Near: Town
  • Estimated Year Built: 1900
  • New Construction: No
  • Second Address Number: 518
  • Listing Office2: 44
  • Lot Size2: 6251
  • Price per Sq Ft: 395.49
  • Selling Agent1: 273
  • Selling Office1: 45
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Refrigerator, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Wood Flooring, Walk in Closet, Tile Flooring
  • Total Bathrooms: 2.1
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 8
  • Basement: Full, Outside Entrance, Inside Entrance, Masonry Floors/Wall, Heated
  • Estimated Living Sq Ft: 2526
  • Other Rooms: Living Room, Kitchen, Dining Area, Pantry, Laundry/Utility Room

Exterior Features

  • Construction: Cottage
  • Exterior: Wood
  • Frontage: 50
  • House Color: White
  • Outside Features: Porch, Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Stone Driveway, 4 car parking

Utilities

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

Lot Info

  • Lot Number: 10
  • Lot Size: 6001-10000 SqFt
  • Total Assessment: 367200
  • Zoning: res

Tax Info

  • Taxes: 6310
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2020
Closed on
Feb 12, 2021
Sold by
Klein Christopher A and Klein Leah C
Bought by
Demarco Mario P and Mcadams-Demarco Mara A
Seller's Agent
Janice Conwell
HOMESTEAD REAL ESTATE CO. INC.
Buyer's Agent
Dolores Lanzalotti
JERSEY CAPE REALTY
List Price
$959,000
Sold Price
$999,000
Premium/Discount to List
$40,000
4.17%
Current Estimated Value
$1,456,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$457,196
Avg. Annual Appreciation
8.42%
Original Mortgage
$799,000
Outstanding Balance
$714,618
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$741,578

Purchase Details

Listed on
Jul 16, 2018
Closed on
Nov 20, 2018
Sold by
Timothy E Gay
Bought by
Klein Christopher and Klein Leah
Seller's Agent
Dagmer Chew
HOMESTEAD REAL ESTATE CO. INC.
Buyer's Agent
Maureen Harris
CENTURY 21 GILMARTIN & CO
List Price
$849,999
Sold Price
$820,000
Premium/Discount to List
-$29,999
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$656,000
Interest Rate
4.94%

Purchase Details

Closed on
Dec 11, 2009
Sold by
Chew Dagmer and Chew Russell
Bought by
Gay Timothy E and Gay Betsy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2009
Sold by
Hansteen Robert H
Bought by
Chew Dagmer and Chew Russell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2009
Sold by
Fulmer Beatrice Brownell and Grant Lorna
Bought by
Hansteen Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2005
Sold by
Fulmer Beatrice Brownell and Fulmer Sterling J
Bought by
Hansteen Robert H

Purchase Details

Closed on
Apr 11, 2003
Sold by
Hansteen Robert
Bought by
Fulmer Beatrice and Fulmer Sterling

Purchase Details

Closed on
Sep 14, 1990
Sold by
Kinard Hattie
Bought by
White Ruth P
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
Demarco Mario P $999,000 Misc Company
Klein Christopher $820,000 --
Gay Timothy E $260,000 The Title Company Of Jersey
Chew Dagmer $240,000 The Title Company Of Jersey
Hansteen Robert H -- Title Company Of Jersey
Hansteen Robert H -- None Available
Fulmer Beatrice -- --
White Ruth P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demarco Mario P $799,000
Previous Owner Klein Christopher $656,000
Previous Owner Klein Christopher --
Previous Owner Gay Timothy E $260,000
Previous Owner Chew Dagmer $240,000
Previous Owner Hansteen Robert H $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/12/2021 02/12/21 Sold $999,000 +4.2% $395 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
12/04/2020 12/04/20 For Sale $959,000 +17.0% $380 / Sq Ft
09/28/2018 09/28/18 Sold $820,000 -3.5% $293 / Sq Ft View Prior Sale
08/29/2018 08/29/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $849,999 -- $304 / 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 $5,915 $559,600 $260,000 $299,600
2024 $5,915 $559,600 $260,000 $299,600
2023 $6,010 $559,600 $260,000 $299,600
2022 $5,775 $559,600 $260,000 $299,600
2021 $5,697 $559,600 $260,000 $299,600
2020 $5,428 $559,600 $260,000 $299,600
2019 $3,624 $367,200 $260,000 $107,200
2018 $3,419 $367,200 $260,000 $107,200
2017 $3,246 $367,200 $260,000 $107,200
2016 $3,055 $367,200 $260,000 $107,200
2015 $3,176 $367,200 $260,000 $107,200
2014 $3,176 $367,200 $260,000 $107,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Janice Conwell

    HOMESTEAD REAL ESTATE CO. INC.

  • A

    Seller Co-Listing Agent in 2021

    Annie Mullock

    Tim Kerr Sotheby's International Realty

    24 in this area

    72 Total Sales

    Annie Mullock
    Section Image
  • Dolores Lanzalotti

    Buyer's Agent in 2021

    Dolores Lanzalotti

    JERSEY CAPE REALTY

    (609) 226-5000

    76 in this area

    98 Total Sales

    Dolores Lanzalotti
    Section Image

  • D

    Seller's Agent in 2018

    Dagmer Chew

    HOMESTEAD REAL ESTATE CO. INC.

    (609) 884-1888

    15 in this area

    49 Total Sales

    Dagmer Chew
    Section Image
  • Maureen Harris

    Buyer's Agent in 2018

    Maureen Harris

    CENTURY 21 GILMARTIN & CO

    (856) 625-5046

    11 in this area

    21 Total Sales

    Maureen Harris
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 204664

Cape May County Association of REALTORS®

APN: 02-01054-0000-00010

New Jersey Cape May County Cape May 08204

518 Elmira St, Cape May, NJ

This home is located at 518 Elmira St, Cape May, NJ 08204 since 04 December 2020 and is currently estimated at $1,456,196, approximately $576 per square foot. This property was built in 1900. 518 Elmira 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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