NOT LISTED FOR SALE

531-533 Bank Street Units 531 & 533 Unit 531 & 533 Cape May, NJ 08204

Estimated Value: $998,000 - $1,204,000

6 Beds
4 Baths
-- Sq Ft
2,962 Sq Ft Lot

Last Sold May 08, 2017

Last sale price $400,000

Est. 178% increase in value since last sale

Current estimated payment $6,301/month

153 Days on Market

Highlights

  • Interior Lot
  • Living Room
  • Tile Flooring
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Room
  • 4-minute walk to Cape May Rotary Park

About This Home

As of May 2017

This home is located at 531-533 Bank Street Units 531 & 533 Unit 531 & 533, Cape May, NJ 08204 since 26 October 2016 and is currently estimated at $1,111,219. This property was built in 1960. 531-533 Bank Street Units 531 & 533 Unit 531 & 533 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.

Last Agent to Sell the Property

Kim Marie Dellas, SRES, GRI, ABR, SRS

DELLAS AGENCY License #8739689 Listed on: 10/26/2016

Last Buyer's Agent

Henry Lanzalotti

JERSEY CAPE REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,749

Year Built

  • Built in 1960

Lot Details

  • Cleared Lot

Interior Spaces

  • 2-Story Property
  • Living Room
  • Dining Area

Kitchen

  • Oven
  • Range

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Driveway
  • Assigned Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Zoned Heating and Cooling
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 24 / 1054

Community Details

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,749

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Cleared Lot, Inside Lot
  • District Township: 02-Cape May City
  • Near: Bank St and Perry St
  • Estimated Year Built: 1960
  • New Construction: No
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • OFFICELIST_ADDRESS2: 531-533 BANK STREET CONDOMINIUM
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1960

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Smoke/Fire Detector
  • Number Of Stories: Two
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 6
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: Parking Pad, 2 Car, Assigned Parking, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Unit Features: Wall To Wall Carpet, Tile Floors
  • Unit Location: Other (See Remarks)

Lot Info

  • Lot Number: 24
  • Total Assessment: 691000
  • Zoning: R-3

Tax Info

  • Taxes: 5749.12
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 11, 2020
Sold by
Venner Michael D and Venner Maureen
Bought by
Merriam Brian J and Merrian Patricia P
Current Estimated Value
$1,111,219

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 26, 2016
Closed on
May 8, 2017
Sold by
Felton Carl F and Felton Yvonne C
Bought by
Venner Michael and Venner Maureen
Seller's Agent
Kim Marie Dellas, SRES, GRI, ABR, SRS
DELLAS AGENCY
Buyer's Agent
Henry Lanzalotti
JERSEY CAPE REALTY
List Price
$659,000
Sold Price
$400,000
Premium/Discount to List
-$259,000
-39.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%
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
Merriam Brian J $570,000 None Available
Venner Michael $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merriam Brian J $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2017 05/08/17 Sold $400,000 -39.3% --
04/08/2017 04/08/17 Pending -- -- --
10/26/2016 10/26/16 For Sale $659,000 -- --
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 $5,670 $536,400 $128,200 $408,200
2024 $5,670 $536,400 $128,200 $408,200
2023 $5,761 $536,400 $128,200 $408,200
2022 $5,536 $536,400 $128,200 $408,200
2021 $1,997 $536,400 $128,200 $408,200
2020 $1,962 $202,300 $128,200 $74,100
2019 $1,997 $202,300 $128,200 $74,100
2018 $3,217 $345,500 $213,200 $132,300
2017 $3,054 $345,500 $213,200 $132,300
2016 $2,875 $345,500 $213,200 $132,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kim Marie Dellas, SRES, GRI, ABR, SRS

    DELLAS AGENCY

  • H

    Buyer's Agent in 2017

    Henry Lanzalotti

    JERSEY CAPE REALTY

    (609) 972-4977

    12 in this area

    45 Total Sales

    Henry Lanzalotti
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 173101

Cape May County Association of REALTORS®

APN: 02-01054-0000-00024-0000-C-531

New Jersey Cape May County Cape May 08204

531-533 Bank Street Units 531 & 533 Unit 531 & 533, Cape May, NJ

This home is located at 531-533 Bank Street Units 531 & 533 Unit 531 & 533, Cape May, NJ 08204 since 26 October 2016 and is currently estimated at $1,111,219. This property was built in 1960. 531-533 Bank Street Units 531 & 533 Unit 531 & 533 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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