$555,000
$71K PRICE DROP

702 Gordon Terrace Cape May, NJ 08204

Estimated payment $3,323/month

Total Views 31,958
2 Beds
1 Bath
872 Sq Ft
$636 Price per Sq Ft

Highlights

  • Deck
  • Den
  • Patio
  • Ranch Style House
  • Fenced Yard
  • Living Room

About This Home

Charming Fully Renovated Rancher Just Six Blocks from the Bay! Discover this beautifully updated two-bedroom, one-bathroom rancher in desirable North Cape May, just six short blocks from the scenic Delaware Bay beaches. Completely renovated down to the studs in 2022, this home boasts new windows, drywall, walls, kitchen cabinets, granite countertops, and a stylishly tiled bathroom with a walk-in shower. Step outside to enjoy a low-maintenance backyard, fully fenced with astro turf, perfect for easy care and year-round greenery. A pergola and patio area create an inviting space for outdoor relaxation, while a spacious 12’ x 20’ detached shed provides additional storage. This home is being offered fully furnished, with only a few personal items excluded (see associated documents for details).

Listing Agent

Ashley S. Peoples

deSatnick Real Estate LLC - Cape May Listed on: 01/30/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,421

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 58x106
  • Fenced Yard

Home Design

  • Ranch Style House
  • Block Exterior
  • Stucco

Interior Spaces

  • 872 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Den
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Parking

  • 2 Car Garage
  • Parking Pad

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage
  • Outdoor Grill

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 7 / 608

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,421

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Mainland
  • District Township: 05-Lower Township
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Partial Furniture, See Remarks
  • Estimated Year Built: 1960
  • New Construction: No
  • Second Address Number: 702
  • Lot Size2: 58x106
  • Price per Sq Ft: 636.47
  • Selling Agent1: 5879
  • Selling Office1: 44
  • OFFICELIST_STATE: NJ
  • Street Designation: Terrace
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1960

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Smoke/Fire Alarm, Laminate Flooring, Tile Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 6
  • Basement: Partial, Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 872
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Laundry Closet

Exterior Features

  • Construction: Ranch
  • Exterior: Block, Stucco
  • Outside Features: Patio, Deck, Grill, Fenced Yard, Storage Building, Sidewalks

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car

Utilities

  • Cooling: Central Air Condition, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural, On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 7
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 3421
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,421 $168,700 $114,500 $54,200
2024 $3,421 $168,700 $114,500 $54,200
2023 $3,372 $168,700 $114,500 $54,200
2022 $3,215 $165,900 $114,500 $51,400
2021 $3,119 $165,900 $114,500 $51,400
2020 $3,069 $165,900 $114,500 $51,400
2019 $2,993 $165,900 $114,500 $51,400
2018 $2,922 $165,900 $114,500 $51,400
2017 $2,925 $165,900 $114,500 $51,400
2016 $2,880 $165,900 $114,500 $51,400
2015 $2,787 $165,900 $114,500 $51,400
2014 $2,696 $165,900 $114,500 $51,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $555,000 0.0% $636 / Sq Ft
07/25/2025 07/25/25 Price Changed $555,000 -1.8% $636 / Sq Ft
07/16/2025 07/16/25 Off Market $565,000 -- --
06/23/2025 06/23/25 For Sale $565,000 0.0% $648 / Sq Ft
06/15/2025 06/15/25 Pending -- -- --
06/09/2025 06/09/25 Price Changed $565,000 -5.7% $648 / Sq Ft
03/25/2025 03/25/25 Price Changed $599,000 -4.3% $687 / Sq Ft
01/30/2025 01/30/25 For Sale $626,000 -- $718 / Sq Ft
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $239,900 None Available
Deed $149,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $160,000 New Conventional
Closed $189,000 Unknown
Closed $191,920 Purchase Money Mortgage
Previous Owner $34,000 Stand Alone Second
Previous Owner $96,500 Credit Line Revolving
Previous Owner $25,000 Credit Line Revolving
Previous Owner $141,550 No Value Available
Source: Public Records

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Source: Cape May County Association of REALTORS®

MLS Number: 250241

Cape May County Association of REALTORS®

APN: 05-00608-0000-00007