NOT LISTED FOR SALE

716 W Lake Dr Cape May Point, NJ 08212

Estimated Value: $1,627,000 - $1,970,000

4 Beds
3 Baths
2,098 Sq Ft
$835/Sq Ft Est. Value

Last Sold December 27, 2019

Last sale price $999,000 $476 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $10,168/month

391 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Furnished
  • Island Location
  • Main Floor Primary Bedroom
  • Screened Porch

About This Home

As of December 2019

DO NOT REQUEST SHOWINGS THROUGH THE SHOWING TIME ICON IN PARAGON - CALL THE OFFICE NUMBER AS OUTLINED IN THE LISTING. Electronic Lockbox. Rental income and expense available in associated docs. Floor plan available in Associated Docs.

Last Agent to Sell the Property

Micah Yerk

deSatnick Real Estate LLC - Lower Township Listed on: 09/08/2018

Co-Listed By

Kenneth "Ken" Germann

deSatnick Real Estate LLC - Lower Township

Last Buyer's Agent

Henry Lanzalotti

JERSEY CAPE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,978

Year Built

  • Built in 2016

Lot Details

  • 1.15

Interior Spaces

  • 2,098 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Skylights
  • Gas Fireplace
  • Window Treatments
  • Living Room
  • Dining Area
  • Screened Porch
  • Storage
  • Water Views

Kitchen

  • 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

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 2 Car Garage
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Patio
  • Outdoor Grill

Utilities

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

Additional Features

  • Lot Dimensions are 50 x 104
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 2 / 21

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,978

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Island, See Remarks, Water View
  • District Township: 03-Cape May Point
  • Near: Ocean Beaches, Lake Lilly
  • Also Includes: Furniture, Window Treatments
  • Estimated Year Built: 2016
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Second Address Number: 716
  • Listing Office2: 44
  • Lot Size2: 50 x 104
  • Price per Sq Ft: 476.17
  • Selling Agent1: 768
  • Selling Office1: 45
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Natural Gas
  • Interior Amenities: Fireplace- Gas, Wood Flooring, Skylight, Storage, Tile Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 9
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2098
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, See Remarks, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Two Story, See Remarks
  • Exterior: Other
  • House Color: White
  • Outside Features: Patio, Screened Porch, Grill, Outside Shower

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car, See Remarks

Utilities

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

Lot Info

  • Lot Number: 2
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 3978.35
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2014
Sold by
Gilbert Garry and Gilbert Robin
Bought by
Downey Anne
Current Estimated Value
$1,780,708

Purchase Details

Closed on
Apr 15, 2004
Sold by
Miller Charlotte T and Miller Harry Stephen
Bought by
Gilbert Garry and Gilbert Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Downey Anne $340,000 The Title Company Of Jersey
Gilbert Garry $1,000,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gilbert Garry G $46,469
Previous Owner Gilbert Garry $760,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2019 12/27/19 Sold $999,000 -4.9% $476 / Sq Ft
11/30/2018 11/30/18 Price Changed $1,050,000 -2.3% $500 / Sq Ft
09/08/2018 09/08/18 For Sale $1,075,000 -- $512 / 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 $5,024 $678,900 $345,000 $333,900
2024 $5,024 $678,900 $345,000 $333,900
2023 $4,949 $678,900 $345,000 $333,900
2022 $4,786 $678,900 $345,000 $333,900
2021 $4,392 $678,900 $345,000 $333,900
2020 $4,223 $678,900 $345,000 $333,900
2019 $4,168 $678,900 $345,000 $333,900
2018 $4,019 $678,900 $345,000 $333,900
2017 $3,978 $678,900 $345,000 $333,900
2016 $1,980 $345,000 $345,000 $0
2015 $1,992 $400,000 $400,000 $0
2014 $1,992 $400,000 $400,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 183907

Cape May County Association of REALTORS®

APN: 03-00021-0000-00002