$275,000
SOLD DEC 22, 2016

904 Lafayette St Unit 904 Cape May, NJ 08204

3 Beds
2 Baths
-- Sq Ft
2,526 Sq Ft Lot

Recently Sold

6% Below List Price

40 Days on Market

Highlights

  • Island Location
  • Storage Room
  • Central Air
  • Living Room
  • 1-Story Property
  • 4-minute walk to Cape May Kiwanis Community Park

About This Home

As of October 2021

If you have ever wanted a condo in Lovely Historic Cape May, now is your chance! 3 bedroom/ 2 bath condo in the center of town! Off street parking for not one but two cars and plenty of free parking across the street! Beautiful views from your spacious private deck for sunning or entertaining guests! A large private enclosed porch will welcome you into this charming condo. A short flight of steps takes you to your new beach getaway. Lots of natural light and a large living room with dining area will be nice to have after a long day at the beach. Outdoor dining area is located at the rear of the property. There is additional storage in the basement for bikes and beach toys and there is new plumbing pipes throughout the complex. Only 6 blocks to Cape May's pristine beaches or a 2 minute bike ride. Stroll over to the the Famous Washington Street Mall and enjoy all of Cape May's fabulous eateries and boutiques shops. You will not find a nicer complex for this price! Make your appointment today.

Last Agent to Sell the Property

Kate Weber

JERSEY CAPE REALTY License #1429962 Listed on: 10/13/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,805

Year Built

  • Built in 1910

Interior Spaces

  • 1-Story Property
  • Living Room
  • Dining Area
  • Storage Room
  • Wall to Wall Carpet

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Island Location

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 1 / 1094

Community Details

Amenities

  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,805

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island
  • District Township: 02-Cape May City
  • Estimated Year Built: 1910
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1910

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Dishwasher, Disposal
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Space

Garage/Parking

  • Parking: 2 Car, Assigned Parking

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 904
  • Common Area Features: Enclosed/Cov. Porch, Storage Facilities
  • Condo Fees: 260/month
  • Unit Features: Wall To Wall Carpet
  • Unit Location: Top Floor

Lot Info

  • Lot Number: 1

Tax Info

  • Taxes: > 2805.5

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
$846,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,633
Avg. Annual Appreciation
9.62%
Original Mortgage
$504,000
Outstanding Balance
$461,591
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$435,742

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $630,000 None Available
Deed $410,000 None Available
Deed $275,000 None Available
Bargain Sale Deed $325,000 First American Title Ins Co
Deed $410,000 --
Deed $155,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $504,000 Purchase Money Mortgage
Closed $504,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $328,000 New Conventional
Previous Owner $135,000 Purchase Money Mortgage
Previous Owner $287,000 No Value Available
Previous Owner $139,500 No Value Available
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: 172877

Cape May County Association of REALTORS®

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