NOT LISTED FOR SALE

702 Wayne Ave Cape May, NJ 08204

Estimated Value: $502,000 - $518,000

2 Beds
1 Bath
672 Sq Ft
$757/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $325,000 $484 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,965/month

1 Day on Market

Highlights

  • Ranch Style House
  • Sun or Florida Room
  • Enclosed Patio or Porch
  • Wood Flooring
  • Fenced Yard
  • Eat-In Kitchen

About This Home

As of January 2021

This home is located at 702 Wayne Ave, Cape May, NJ 08204 since 08 November 2020 and is currently estimated at $508,909, approximately $757 per square foot. This property was built in 1944. 702 Wayne Ave 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

Rebecca Chamberlain,SFR,SRES

LONG & FOSTER REAL ESTATE, INC cm Listed on: 11/08/2020

LONG & FOSTER REAL ESTATE, INC cm

Last Buyer's Agent

Ryan Griffin

deSatnick Real Estate LLC - Cape May License #0999877

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,649

Year Built

  • Built in 1944

Lot Details

  • Lot Dimensions are 62x125
  • Fenced Yard

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 672 Sq Ft Home
  • Blinds
  • Living Room
  • Sun or Florida Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch
  • Outdoor Storage

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 20 / 681

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,649

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • District Township: 05-Lower Township
  • Also Includes: Blinds
  • Estimated Year Built: 1944
  • New Construction: No
  • Second Address Number: 702
  • Lot Size2: 62x125
  • Price per Sq Ft: 483.63
  • Selling Agent1: 3225
  • Selling Office1: 479
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1944

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Wood Flooring, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 2
  • Total Rooms: 5
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 672
  • Other Rooms: Living Room, Eat-In-Kitchen, Laundry/Utility Room, Florida Room

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Outside Features: Enclosed/Covered Patio, Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: 2 Car, Concrete Driveway

Utilities

  • Cooling: Wall Air Conditioning, Window Air Conditioning
  • Heating: Gas Natural, Electric, Baseboard, Space/Wall/Floor
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 20
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 2649
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2020
Closed on
Jan 8, 2021
Sold by
Ferreira Albino
Bought by
Regan Paul and Regan Patricia
Seller's Agent
Rebecca Chamberlain,SFR,SRES
LONG & FOSTER REAL ESTATE, INC cm
Buyer's Agent
Ryan Griffin
deSatnick Real Estate LLC - Cape May
List Price
$299,000
Sold Price
$325,000
Premium/Discount to List
$26,000
8.7%
Current Estimated Value
$508,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,909
Avg. Annual Appreciation
8.16%
Original Mortgage
$228,000
Outstanding Balance
$205,807
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$263,989

Purchase Details

Closed on
Jan 19, 2001
Sold by
Digiovanni Joseph A
Bought by
Ferreira Albino and Ferreira Adele
Source: Public Records

Range of Values:

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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
Regan Paul $325,000 None Available
Ferreira Albino $64,500 --
Ferreira Albino $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Regan Paul $228,000
Previous Owner Ferreira Adelina $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2021 01/08/21 Sold $325,000 +8.7% $484 / Sq Ft
11/09/2020 11/09/20 Pending -- -- --
11/08/2020 11/08/20 For Sale $299,000 -- $445 / Sq Ft
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 $3,050 $150,400 $117,300 $33,100
2024 $3,050 $150,400 $117,300 $33,100
2023 $3,007 $150,400 $117,300 $33,100
2022 $2,915 $150,400 $117,300 $33,100
2021 $2,828 $150,400 $117,300 $33,100
2020 $2,782 $150,400 $117,300 $33,100
2019 $2,713 $150,400 $117,300 $33,100
2018 $2,649 $150,400 $117,300 $33,100
2017 $2,652 $150,400 $117,300 $33,100
2016 $2,611 $150,400 $117,300 $33,100
2015 $2,527 $150,400 $117,300 $33,100
2014 $2,444 $150,400 $117,300 $33,100
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rebecca Chamberlain,SFR,SRES

    LONG & FOSTER REAL ESTATE, INC cm

    (609) 972-7507

    78 in this area

    134 Total Sales

    Rebecca Chamberlain,SFR,SRES
    Section Image
  • Ryan Griffin

    Buyer's Agent in 2021

    Ryan Griffin

    deSatnick Real Estate LLC - Cape May

    (609) 602-5578

    47 in this area

    117 Total Sales

    Ryan Griffin
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 204364

Cape May County Association of REALTORS®

APN: 05-00681-0000-00020

New Jersey Cape May County Cape May 08204

702 Wayne Ave, Cape May, NJ

This home is located at 702 Wayne Ave, Cape May, NJ 08204 since 08 November 2020 and is currently estimated at $508,909, approximately $757 per square foot. This property was built in 1944. 702 Wayne Ave 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.

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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