NOT LISTED FOR SALE

601 E Lake Dr Cape May Point, NJ 08212

Estimated Value: $2,196,000 - $2,997,000

5 Beds
4 Baths
2,512 Sq Ft
$1,012/Sq Ft Est. Value

Sale Details

Date Sold: October 31, 2022

Last sale price $1,900,000 $756 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $14,572 / mo

141 Days on Market

Highlights

  • New Construction
  • Deck
  • Cathedral Ceiling
  • Waterfront
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of October 2022

This home is located at 601 E Lake Dr, Cape May Point, NJ 08212 since 21 April 2022 and is currently estimated at $2,542,752, approximately $1,012 per square foot. This property was built in 2022. 601 E Lake Dr is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

Last Agent to Sell the Property

Charity R Clark, Abr, Gri

CAPE RESORTS REALTY License #9481499 Listed on: 04/21/2022

Last Buyer's Agent

Mary McKenna

LONG & FOSTER REAL ESTATE, INC nwnj License #0336127

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Waterfront
  • Sprinkler System

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,512 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Den
  • Screened Porch
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • Garage
  • Stone Driveway

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 3.02 / 33

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Water Front
  • District Township: 03-Cape May Point
  • Near: Lake and Beaches
  • Estimated Year Built: 2022
  • New Construction: Yes
  • Lot Size2: 6647
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2022

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Walk in Closet
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Total Rooms: 12
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2512
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, Contemporary
  • Outside Features: Deck, Porch, Screened Porch, See Remarks, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, Stone Driveway

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Multi-Zoned
  • Hot Water: On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 3.02
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Tax Year: 000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
Nov 17, 2022
Sold by
Welchmen Llc
Bought by
Brooks Christopher
Seller's Agent
Charity R Clark, Abr, Gri
CAPE RESORTS REALTY
Buyer's Agent
Mary McKenna
LONG & FOSTER REAL ESTATE, INC nwnj
List Price
$2,050,000
Sold Price
$1,900,000
Premium/Discount to List
-$150,000
-7.32%
Views
6
Current Estimated Value
$2,542,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$642,752
Avg. Annual Appreciation
8.84%
Original Mortgage
$1,000,000
Outstanding Balance
$950,313
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$1,592,439

Purchase Details

Listed on
Sep 4, 2018
Closed on
Apr 19, 2019
Sold by
Richard C & N M Seither Ret
Bought by
Welchmenj Llc
Seller's Agent
Wayland Lewis
ISLAND REALTY GROUP LLC
Buyer's Agent
Charity R Clark, Abr, Gri
CAPE RESORTS REALTY
List Price
$790,000
Sold Price
$762,500
Premium/Discount to List
-$27,500
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.52%

Purchase Details

Closed on
May 26, 2009
Sold by
Seither Richard C and Seither Nancy M
Bought by
Seither Richard C and Seither Nancy M

Purchase Details

Closed on
Sep 11, 1991
Sold by
Seither Sarah B
Bought by
Seither Richard C Et Als
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Brooks Christopher $1,900,000 --
Welchmenj Llc $762,500 --
Seither Richard C -- None Available
Seither Richard C Et Als -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks Christopher $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2022 10/31/22 Sold $1,900,000 -7.3% $756 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $2,050,000 +168.9% $816 / Sq Ft
04/22/2019 04/22/19 Sold $762,500 -3.5% $635 / Sq Ft View Prior Sale
10/16/2018 10/16/18 Pending -- -- --
09/04/2018 09/04/18 For Sale $790,000 -- $658 / 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 $11,981 $1,619,000 $514,000 $1,105,000
2024 $11,981 $1,619,000 $514,000 $1,105,000
2023 $11,803 $1,619,000 $514,000 $1,105,000
2022 $3,624 $514,000 $514,000 $0
2021 $3,326 $514,000 $514,000 $0
2020 $3,197 $514,000 $514,000 $0
2019 $3,739 $649,700 $561,200 $88,500
2018 $3,346 $649,700 $561,200 $88,500
2017 $3,307 $649,700 $561,200 $88,500
2016 $3,229 $649,700 $561,200 $88,500
2015 $3,180 $717,900 $651,200 $66,700
2014 $3,075 $717,900 $651,200 $66,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Charity R Clark, Abr, Gri

    CAPE RESORTS REALTY

    (609) 408-2192

    38 in this area

    79 Total Sales

    Charity R Clark, Abr, Gri
    Section Image

  • M

    Buyer's Agent in 2022

    Mary McKenna

    LONG & FOSTER REAL ESTATE, INC nwnj

    (609) 374-4640

    1 in this area

    6 Total Sales

    Mary McKenna
    Section Image

  • W

    Seller's Agent in 2019

    Wayland Lewis

    ISLAND REALTY GROUP LLC

    (609) 780-0873

    15 Total Sales

    Wayland Lewis
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 221144

Cape May County Association of REALTORS®

APN: 03-00033-0000-00003

New Jersey Cape May County Cape May Point 08204

601 E Lake Dr, Cape May Point, NJ

Not Listed for Sale

Detached

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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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