NOT LISTED FOR SALE

523 Lafayette St Unit 1 Cape May, NJ 08204

1 Bed
1 Bath
750 Sq Ft
$167/mo HOA Fee

Last Sold December 18, 2023

Last sale price $540,000 $720 Per Sq Ft

196 Days on Market

Highlights

  • Corner Lot
  • Walk-In Closet
  • Laundry Room
  • Furnished
  • Living Room
  • 2-minute walk to Cape May Rotary Park

About This Home

As of December 2023

Please see Associated Documents for Seller's Property Condition Disclosure Statement, Lead-Based Paint Disclosure, and the signed Exclusion List of Personal Items that the Seller will be taking with her at Closing. Seller has enjoyed using this condo unit herself during periods of time throughout each year. Seller has not pursued strong rental history. However, Seller has realized rental income of $21,307 in 2020, $24,592 in 2021, and $22,011 in 2022 (with no rentals in Spring of 2022 due to exterior repairs and painting of entire exterior of building).

Last Agent to Sell the Property

Edward Mahaney Jr

COASTLINE REALTY, LLC Listed on: 04/07/2023

Last Buyer's Agent

Deanna Fernandez

LONG & FOSTER REAL ESTATE, INC cm License #2077890

LONG & FOSTER REAL ESTATE, INC cm

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1930

HOA Fees

  • $167 Monthly HOA Fees

Interior Spaces

  • 750 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Area

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Stone Driveway
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 11 / 1053

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,856

Year Built

Built in 1930

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Corner
  • District Township: 02-Cape May City
  • Near: Beaches, Shopping, Dining
  • Also Includes: Furniture
  • Estimated Year Built: 1930
  • Beach Proximity: 3 Blocks
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 523
  • Price per Sq Ft: 720
  • Selling Agent1: 5743
  • Selling Office1: 699
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1
  • Year Built: 1930

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 1.1
  • Full Bathrooms: 1
  • Bedrooms: 1
  • Estimated Living Sq Ft: 750
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: 1 Car, Assigned Parking, Stone Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: #1
  • Condo Fees: $500
  • Unit Features: Walk-In/Cedar Closet, Laminate Fooring
  • Unit Location: Corner

Lot Info

  • Lot Number: 11
  • Total Assessment: 276700
  • Zoning: C-1

Tax Info

  • Taxes: 2855.54
  • Tax Year: 2022

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2023 12/18/23 Sold $540,000 -6.1% $720 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/26/2023 09/26/23 Price Changed $575,000 -2.5% $767 / Sq Ft
06/23/2023 06/23/23 Price Changed $590,000 -0.8% $787 / Sq Ft
04/07/2023 04/07/23 For Sale $595,000 +97.3% $793 / Sq Ft
09/01/2017 09/01/17 Sold $301,500 -5.5% -- View Prior Sale
08/02/2017 08/02/17 Pending -- -- --
06/03/2017 06/03/17 For Sale $319,000 -- --
Source: Cape May County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Edward Mahaney Jr

    COASTLINE REALTY, LLC

    (609) 425-1774

    4 in this area

    14 Total Sales

    Edward Mahaney Jr
    Section Image

  • D

    Buyer's Agent in 2023

    Deanna Fernandez

    LONG & FOSTER REAL ESTATE, INC cm

    Section Image

  • L

    Seller's Agent in 2017

    Laurie?? Schiffelbein

    Tim Kerr Sotheby's International Realty

    (609) 408-2021

    10 in this area

    54 Total Sales

    Laurie?? Schiffelbein
    Section Image
  • Gail Wilsey-Morrison, CRS, ABR

    Buyer's Agent in 2017

    Gail Wilsey-Morrison, CRS, ABR

    LONG & FOSTER REAL ESTATE, INC cm

    (609) 884-1007

    42 in this area

    97 Total Sales

    Gail Wilsey-Morrison, CRS, ABR
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 230881

Cape May County Association of REALTORS®
New Jersey Cape May County Cape May 08204

523 Lafayette St Unit 1, Cape May, NJ

This home is located at 523 Lafayette St Unit 1, Cape May, NJ 08204 since 07 April 2023. This property was built in 1930. 523 Lafayette St Unit 1 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.

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