NOT LISTED FOR SALE

523 Broadway Cape May, NJ 08204

Estimated Value: $1,004,000 - $1,436,000

4 Beds
1 Bath
1,728 Sq Ft
$673/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $725,000 $420 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,838/month

6 Days on Market

Highlights

  • The property is located in a historic district
  • Wood Burning Stove
  • Victorian Architecture
  • West Cape May Elementary School Rated A
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of October 2021

Shown by appointment only beginning August 12th.

Last Agent to Sell the Property

Christina P. Clemans, ABR, CRS, GRI

Tim Kerr Sotheby's International Realty Listed on: 07/29/2021

Last Buyer's Agent

Laurie?? Schiffelbein

Tim Kerr Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,211

Year Built

  • Built in 1911

Lot Details

  • Lot Dimensions are 40x125
  • Corner Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Storage
  • Storage In Attic

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Electric Water Heater

Additional Features

  • Enclosed Patio or Porch
  • The property is located in a historic district

Listing and Financial Details

  • Legal Lot and Block 7 / 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,211

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Historical District
  • District Township: 12-West Cape May
  • Estimated Year Built: 1911
  • New Construction: No
  • Second Address Number: 523
  • Lot Size2: 40X125
  • Price per Sq Ft: 419.56
  • Selling Agent1: 3773
  • Selling Office1: 19
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1911

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer
  • Interior Amenities: Wood Flooring, Storage, Wall to Wall Carpet, Wood Burning Stove
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 4
  • Total Rooms: 8
  • Basement: Full, Outside Entrance, Masonry Floors/Wall
  • Estimated Living Sq Ft: 1728
  • Other Rooms: Living Room, Dining Room, Kitchen, Pantry, Florida Room, Storage Attic, See Remarks

Exterior Features

  • Construction: Two Story, Victorian
  • Exterior: Wood
  • House Color: Tan
  • Outside Features: Patio, Enclosed/Covered Patio

Garage/Parking

  • Parking Garage: Garage, 1 Car, Detached

Utilities

  • Cooling: Wall Air Conditioning, Window Air Conditioning
  • Heating: Oil
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 7
  • Lot Size: 1 to 6000 SqFt
  • Total Assessment: 470900

Tax Info

  • Taxes: 6211.17
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 4, 2021
Sold by
Freidrich Ursula Ann Est
Bought by
523 Broadway Llc
Seller's Agent
Christina P. Clemans, ABR, CRS, GRI
Tim Kerr Sotheby's International Realty
Buyer's Agent
Laurie?? Schiffelbein
Tim Kerr Sotheby's International Realty
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$1,163,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,327
Avg. Annual Appreciation
12.48%
Original Mortgage
$580,000
Outstanding Balance
$528,906
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$634,421
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
523 Broadway Llc $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 523 Broadway Llc $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2021 10/04/21 Sold $725,000 0.0% $420 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $725,000 -- $420 / 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 $8,039 $534,500 $342,100 $192,400
2024 $8,039 $534,500 $342,100 $192,400
2023 $8,130 $534,500 $342,100 $192,400
2022 $6,381 $470,900 $342,100 $128,800
2021 $5,224 $470,900 $342,100 $128,800
2020 $6,211 $470,900 $342,100 $128,800
2019 $5,905 $470,900 $342,100 $128,800
2018 $5,957 $470,900 $342,100 $128,800
2017 $5,754 $470,900 $342,100 $128,800
2016 $5,754 $470,900 $342,100 $128,800
2015 $5,411 $470,900 $342,100 $128,800
2014 $5,411 $470,900 $342,100 $128,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Buyer's Agent in 2021

    Laurie?? Schiffelbein

    Tim Kerr Sotheby's International Realty

    (609) 408-2021

    10 in this area

    53 Total Sales

    Laurie?? Schiffelbein
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 212883

Cape May County Association of REALTORS®

APN: 12-00008-0000-00007

New Jersey Cape May County Cape May 08204

523 Broadway, Cape May, NJ

This home is located at 523 Broadway, Cape May, NJ 08204 since 29 July 2021 and is currently estimated at $1,163,327, approximately $673 per square foot. This property was built in 1911. 523 Broadway is a home located in Cape May County with nearby schools including West Cape May 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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