NOT LISTED FOR SALE

601 Broadway Cape May, NJ 08204

Estimated Value: $1,131,000 - $1,584,000

4 Beds
3 Baths
1,965 Sq Ft
$719/Sq Ft Est. Value

Last Sold March 01, 2017

Last sale price $570,000 $290 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $7,945/month

53 Days on Market

Highlights

  • Island Location
  • Dutch Colonial Architecture
  • Main Floor Primary Bedroom
  • West Cape May Elementary School Rated A+
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of March 2017

This home is located at 601 Broadway, Cape May, NJ 08204 since 24 October 2016 and is currently estimated at $1,412,468, approximately $718 per square foot. This property was built in 1921. 601 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.

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 10/24/2016

Last Buyer's Agent

Stacy Hutchinson

deSatnick Real Estate LLC - Cape May

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,514

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 50 x 74
  • Fenced Yard
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

  • Dutch Colonial Architecture

Interior Spaces

  • 1,965 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

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

Utilities

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

Additional Features

  • Patio
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 1 / 9

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,514

Year Built

Built in 1921

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Island
  • District Township: 12-West Cape May
  • Near: bike ride to beach & town
  • Also Includes: Window Treatments
  • Estimated Year Built: 1921
  • New Construction: No
  • Lot Size2: 50 x 74
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1921

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Wood Flooring, Storage, Tile Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 11
  • Basement: Full, Outside Entrance, Inside Entrance, Plumbing, Masonry Floors/Wall
  • Estimated Living Sq Ft: 1965
  • Other Rooms: Living Room, Dining Room, Kitchen, Laundry/Utility Room, Florida Room, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, Dutch Colonial
  • Exterior: Shingle
  • Frontage: 50
  • House Color: Mint
  • Outside Features: Patio, Fenced Yard, Cable TV, Sidewalks

Garage/Parking

  • Parking Garage: 1 Car

Utilities

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

Lot Info

  • Lot Number: 1
  • Lot Size: 1 to 6000 SqFt
  • Zoning: R

Tax Info

  • Taxes: 5514.05
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2016
Closed on
Feb 27, 2017
Sold by
Backe John E and Backe Laura C
Bought by
Pryor Thomas J and Pryor Regina C
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
Stacy Hutchinson
deSatnick Real Estate LLC - Cape May
List Price
$599,900
Sold Price
$570,000
Premium/Discount to List
-$29,900
-4.98%
Current Estimated Value
$1,412,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$842,468
Avg. Annual Appreciation
10.65%
Original Mortgage
$440,000
Outstanding Balance
$365,074
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$1,047,394

Purchase Details

Closed on
Jul 17, 2014
Sold by
Winters Daniel J and Winters Martha M
Bought by
Backe John E and Backe Laura C

Purchase Details

Closed on
Apr 30, 2008
Sold by
Lorenzo Joseph and Lorenzo Irene
Bought by
Winters Daniel J and Winters Martha M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 1997
Sold by
Vitale Carolyn
Bought by
Lorenzo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.8%

Purchase Details

Closed on
Jun 28, 1990
Sold by
Johnstone James E
Bought by
Johnstone James E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pryor Thomas J $570,000 None Available
Backe John E $525,000 --
Winters Daniel J $500,000 The Title Company Of Jersey
Lorenzo Joseph $104,500 --
Johnstone James E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pryor Thomas J $440,000
Previous Owner Winters Daniel J $400,000
Previous Owner Lorenzo Joseph $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2017 03/01/17 Sold $570,000 -5.0% $290 / Sq Ft
01/30/2017 01/30/17 Pending -- -- --
10/24/2016 10/24/16 For Sale $599,900 -- $305 / Sq Ft
Source: Cape May County Association of REALTORS®

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 $8,033 $534,100 $312,200 $221,900
2024 $8,124 $534,100 $312,200 $221,900
2023 $8,124 $534,100 $312,200 $221,900
2022 $7,237 $534,100 $312,200 $221,900
2021 $6,836 $534,100 $312,200 $221,900
2020 $7,045 $534,100 $312,200 $221,900
2019 $6,698 $534,100 $312,200 $221,900
2018 $6,756 $534,100 $312,200 $221,900
2017 $5,864 $479,900 $312,200 $167,700
2016 $5,864 $479,900 $312,200 $167,700
2015 $5,514 $479,900 $312,200 $167,700
2014 $5,095 $443,400 $312,200 $131,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 173057

Cape May County Association of REALTORS®

APN: 12-00009-0000-00001

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