NOT LISTED FOR SALE

Estimated Value: $597,000 - $681,000

1 Bed
1 Bath
500 Sq Ft
0.43 Acre Lot

Sale Details

Date Sold: June 30, 2016

Last sale price $243,000 $486 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $3,834 / mo

106 Days on Market

Highlights

  • Beach Front
  • Wood Flooring
  • Elevator
  • Property is near a beach
  • Furnished
  • Living Room

About This Home

As of June 2016

One of the most recognizable buildings on the beachfront, "The Baronet" built in 1870 offers a grand common front porch overlooking the Atlantic Ocean. Sit on the rockers and enjoy the ocean breezes. The rear addition where this 1 brm. unit is located, was added on in 1980. This 1 bedroom, 1 bath unit offers a larger bedroom than the other units and is the only rear unit with an oceanview window in the bedroom. The bedroom is large enough for 2 double beds and has hardwood floors. The living/dining area has tiled floors and cathedral ceiling. The complex offers many common areas including laundry room, family room, basement storage, elevator, front porch, parking and outdoor showers. This unit has 1 assigned, covered parking space. Brand new state of the art fire suppression system has just been installed in the whole complex. This unit rents for $1,200/week during peak summer weeks. Condo docs in associated documents. Condo. fees include water and sewer. Family room and storage are for owner's use only. Owners are allowed pets.

Last Agent to Sell the Property

M Lynn Gleeson

Coldwell Banker Sol Needles Real Estate License #7846837 Listed on: 02/15/2016

Coldwell Banker Sol Needles Real Estate

Co-Listed By

Michael Gleeson

Coldwell Banker Sol Needles Real Estate

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,595

Year Built

  • Built in 1980

Lot Details

  • Beach Front

Interior Spaces

  • 500 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Wood Flooring
  • Laundry Room

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 5 / 1067

Community Details

Amenities

  • Community Deck or Porch
  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,595

Year Built

Built in 1980

Lot Details

0.43 Acres

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Beach Front
  • District Township: 02-Cape May City
  • Near: Beach
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • Estimated Year Built: 1980
  • Beach Proximity: 1 Block
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1980

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator
  • Number Of Stories: One
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1
  • Estimated Living Sq Ft: 500
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: 1 Car, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Elevator, Deck/Porch, Storage Facilities, Outside Shower
  • Condo Fees: 900/qtr
  • Unit Features: Hardwood Floors

Lot Info

  • Lot Number: 5
  • Total Assessment: 300000
  • Zoning: R-S

Tax Info

  • Taxes: 2595

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2017
Sold by
Goldring Mark P and Goldring Kellie P
Bought by
Current Estimated Value
$634,455

Purchase Details

Closed on
Jul 29, 2008
Sold by
Burns Donald
Bought by
Neary Kathleen and Burns Kathleen

Purchase Details

Closed on
May 16, 2006
Sold by
Maclean Jerry R and Maclean Ellen J
Bought by
Goodwin Ronald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 9, 2005
Sold by
Herrold Glenn and Herrold Ann
Bought by
Herrold Glenn and Herrold Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 1997
Sold by
Hedstrom Carl
Bought by
Goldring Peter and Goldring Patricia

Purchase Details

Closed on
Jan 1, 1919
Sold by
Elizabeth Miller Estate
Bought by
Mentz James and Mentz Cynthia
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cape May, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
Neary Kathleen -- None Available
Goodwin Ronald G $415,000 The Title Company Of Jersey
Herrold Glenn -- --
Sarkissian Kevin R $300,000 --
Goldring Peter $117,500 --
Mentz James $9,009,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $332,000
Previous Owner Sarkissian Kevin R $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/30/2016 06/30/16 Sold $243,000 -2.6% $486 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
02/15/2016 02/15/16 For Sale $249,500 -- $499 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,991 $377,600 $260,000 $117,600
2025 $3,991 $377,600 $260,000 $117,600
2024 $4,055 $377,600 $260,000 $117,600
2023 $4,055 $377,600 $260,000 $117,600
2022 $3,897 $377,600 $260,000 $117,600
2021 $3,727 $377,600 $260,000 $117,600
2020 $3,663 $377,600 $260,000 $117,600
2019 $3,727 $377,600 $260,000 $117,600
2018 $3,515 $377,600 $260,000 $117,600
2017 $3,338 $377,600 $260,000 $117,600
2016 $3,142 $377,600 $260,000 $117,600
2015 $3,266 $377,600 $260,000 $117,600
2014 $3,266 $377,600 $260,000 $117,600
Source: Public Records

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 168502

Cape May County Association of REALTORS®

APN: 02-01067-0000-00005-0000-C-20

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