NOT LISTED FOR SALE

904 Lafayette St Unit 904 Cape May, NJ 08204

Estimated Value: $693,000 - $926,000

3 Beds
2 Baths
1,463 Sq Ft
$311/mo HOA Fee

Last Sold October 20, 2021

Last sale price $630,000 $431 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $5,565/month

120 Days on Market

Highlights

  • Island Location
  • Furnished
  • Living Room
  • Corner Lot
  • Building Patio
  • 4-minute walk to Cape May Kiwanis Community Park

About This Home

As of October 2021

Pet friendly building self managed by the 4 units and no written governance in condo docs. Pet friendly for renters too based on unit owners rules and regulations.Approval for outside shower to be located in the back and plumber would need to hired by buyer to determine exact location. We do have a foot wash. Seller is a licensed NJ Realtor. Seller had roof replaced and flashing repair to fix roof leaks. All fixed but no time to get the ceiling painted with all the rentals in place.

Last Agent to Sell the Property

Carol Menz

COASTLINE REALTY, LLC Listed on: 04/27/2021

Co-Listed By

Holly O'Donnell

COASTLINE REALTY, LLC License #1435745

Last Buyer's Agent

Edward Connolly

COASTLINE REALTY, LLC License #0560021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 1910

Lot Details

  • 2,526

HOA Fees

  • $311 Monthly HOA Fees

Interior Spaces

  • 1,463 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Cleared Lot
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 1-4 / 1094

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,334

Year Built

Built in 1910

Lot Details

0

HOA Fees

$311 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Cleared Lot, Corner, Island
  • District Township: 02-Cape May City
  • Near: Park, Mall
  • Also Includes: Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 1910
  • New Construction: No
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • Second Address Number: 904
  • Listing Office2: 20
  • Price per Sq Ft: 430.62
  • Selling Agent1: 1897
  • Selling Office1: 20
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1910

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1463
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Parking Pad, 2 Car, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Unit: 904
  • Common Area Features: Patio, Deck/Porch, Cable TV
  • Condo Fees: 931.88
  • Unit Features: Tile Floors
  • Unit Location: Top Floor

Lot Info

  • Lot Number: 1-4

Tax Info

  • Taxes: 3334
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2021
Closed on
Oct 20, 2021
Sold by
Tertel Jeffrey M and Mortensen Kristin
Bought by
Masterson Robert M and Masterson Loretta P
Seller's Agent
Carol Menz
COASTLINE REALTY, LLC
Buyer's Agent
Edward Connolly
COASTLINE REALTY, LLC
List Price
$724,000
Sold Price
$630,000
Premium/Discount to List
-$94,000
-12.98%
Current Estimated Value
$897,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,333
Avg. Annual Appreciation
9.44%
Original Mortgage
$504,000
Outstanding Balance
$465,543
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$422,132

Purchase Details

Listed on
Apr 2, 2017
Closed on
May 5, 2017
Sold by
Cataldo Gaetano T and Iliopulos Ioanna M
Bought by
Tertel Jeffrey M and Mortensen Kristin C
Seller's Agent
William Kurtz
Coldwell Banker Sol Needles Real Estate
Buyer's Agent
Carol Menz
COASTLINE REALTY, LLC
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.11%
Original Mortgage
$328,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 22, 2016
Sold by
Hoffman Bernice M
Bought by
Cataldo Gaetano T and Iliopulos Ioanna M
Seller's Agent
Kate Weber
JERSEY CAPE REALTY
List Price
$292,000
Sold Price
$275,000
Premium/Discount to List
-$17,000
-5.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
194.30%

Purchase Details

Closed on
Aug 6, 2004
Sold by
Wspl Associates Llc
Bought by
Hoffman Walter B and Hoffman Bernice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2003
Sold by
Chew Dagmer
Bought by
Wspl Associates Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,000
Interest Rate
5.28%

Purchase Details

Closed on
Oct 2, 2000
Sold by
Elwell Gary R
Bought by
Chew Dagmer and Chew Russell A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
7.96%
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
Masterson Robert M $630,000 None Available
Tertel Jeffrey M $410,000 None Available
Cataldo Gaetano T $275,000 None Available
Hoffman Walter B $325,000 First American Title Ins Co
Wspl Associates Llc $410,000 --
Chew Dagmer $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Masterson Robert M $504,000
Closed Masterson Robert M $504,000
Previous Owner Tertel Jeffrey M $328,000
Previous Owner Hoffman Walter B $135,000
Previous Owner Wspl Associates Llc $287,000
Previous Owner Chew Dagmer $139,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $630,000 -13.0% $431 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $724,000 +76.6% $495 / Sq Ft
05/05/2017 05/05/17 Sold $410,000 -3.5% --
04/05/2017 04/05/17 Pending -- -- --
04/02/2017 04/02/17 For Sale $425,000 +54.5% --
12/22/2016 12/22/16 Sold $275,000 -5.8% --
11/22/2016 11/22/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $292,000 -- --
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 $3,571 $337,800 $261,500 $76,300
2024 $3,571 $337,800 $261,500 $76,300
2023 $3,628 $337,800 $261,500 $76,300
2022 $3,486 $337,800 $261,500 $76,300
2021 $3,439 $337,800 $261,500 $76,300
2020 $3,277 $337,800 $261,500 $76,300
2019 $3,334 $337,800 $261,500 $76,300
2018 $3,145 $337,800 $261,500 $76,300
2017 $2,981 $337,200 $261,500 $75,700
2016 $2,806 $337,200 $261,500 $75,700
2015 $2,917 $337,200 $261,500 $75,700
2014 $2,917 $337,200 $261,500 $75,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 211731

Cape May County Association of REALTORS®

APN: 02-01094-0000-00001-0000-C-904