NOT LISTED FOR SALE

788 Academy Rd Cape May, NJ 08204

Estimated Value: $225,000 - $762,000

0.36 Acre
$1,483,403 Price per Acre
15,682 Sq Ft Lot

Last Sold September 22, 2020

Last sale price $55,000

Est. 871% increase in value since last sale

Current estimated payment $3,248/month

367 Days on Market

About This Lot

As of September 2020

This home is located at 788 Academy Rd, Cape May, NJ 08204 since 15 October 2018 and is currently estimated at $534,025. 788 Academy Rd 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

James Cheney

JERSEY CAPE REALTY Listed on: 10/15/2018

Last Buyer's Agent

Christina P. Clemans, ABR, CRS, GRI

Tim Kerr Sotheby's International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,469

Lot Details

  • 0.36 Acre Lot
  • Corner Lot
  • Cleared Lot
  • Property is zoned R-2 SF Res

Listing and Financial Details

  • Legal Lot and Block 1 / 738

Property Details

Property Type

Land

Est. Annual Taxes

$1,469

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Corner
  • District Township: 05-Lower Township
  • Near: Seashore Road
  • Lot Size2: 150x106Irr
  • OFFICELIST_STATE: NJ
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 150

Lot Info

  • Lot Number: 1
  • Lot Size: 10000 to 20000 SqFt
  • Total Assessment: 97500
  • Zoning: R-2 SF Res
  • Improvements: Other (See Remarks)
  • Number Of Acres: 0.36
  • Topography: Partially Cleared
  • Zoning: Residential

Tax Info

  • Taxes: 1468.93
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2018
Closed on
Sep 22, 2020
Sold by
Maccready Elizabeth Est
Bought by
Miller Merrill N and Miller Elizabeth R
Seller's Agent
James Cheney
JERSEY CAPE REALTY
Buyer's Agent
Christina P. Clemans, ABR, CRS, GRI
Tim Kerr Sotheby's International Realty
List Price
$97,500
Sold Price
$55,000
Premium/Discount to List
-$42,500
-43.59%
Current Estimated Value
$534,025

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$479,025
Avg. Annual Appreciation
56.16%
Source: Public Records

Range of Values:

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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
Miller Merrill N $55,000 Surety Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $55,000 -34.5% --
02/25/2019 02/25/19 Price Changed $84,000 -5.6% --
01/15/2019 01/15/19 Price Changed $89,000 -8.7% --
10/15/2018 10/15/18 For Sale $97,500 -- --
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 $5,431 $267,800 $96,200 $171,600
2024 $5,431 $267,800 $96,200 $171,600
2023 $5,353 $267,800 $96,200 $171,600
2022 $1,864 $96,200 $96,200 $0
2021 $1,833 $97,500 $96,200 $1,300
2020 $1,804 $97,500 $96,200 $1,300
2019 $1,509 $97,500 $96,200 $1,300
2018 $1,467 $97,500 $96,200 $1,300
2017 $1,469 $97,500 $96,200 $1,300
2016 $1,443 $97,500 $96,200 $1,300
2015 $1,388 $97,500 $96,200 $1,300
2014 $1,334 $97,500 $96,200 $1,300
Source: Public Records

Agents Affiliated with this Home

  • James Cheney

    Seller's Agent in 2020

    James Cheney

    JERSEY CAPE REALTY

    (609) 408-1948

    6 in this area

    25 Total Sales

    James Cheney
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 184606

Cape May County Association of REALTORS®

APN: 05-00738-0000-00001

New Jersey Cape May County Cape May 08204

788 Academy Rd, Cape May, NJ

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