NOT LISTED FOR SALE

908 Lafayette St Unit 908 Cape May, NJ 08204

Estimated Value: $877,000 - $1,070,000

5 Beds
2 Baths
1,519 Sq Ft
2,614 Sq Ft Lot

Last Sold August 04, 2018

Last sale price $444,000 $292 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $5,360/month

136 Days on Market

Highlights

  • Furnished
  • Building Patio
  • Outdoor Shower
  • Ground Level Unit
  • Living Room
  • 4-minute walk to Cape May Dog Park

About This Home

As of August 2018

Electronic lock box access, please call for code. Previous home inspection was done in 2017, and all major concerns were addressed. Sellers will allow this report to be shared with serious buyers only. The interior has been completely repainted as of December 2017. New flooring in kitchen and living room. Brand new refrigerator and washer/dryer. The property is within the Historic District. Although designated for 2 car parking, during high season 4 cars can be parked directly in front. HOA fee covers all exterior maintenance, hazard insurance (no flood required), yard upkeep, snow removal, common area care. Owners have an additional liability policy for renters and contents, ANNUAL cost is $600!

Last Agent to Sell the Property

Craig Needles

HOMESTEAD REAL ESTATE CO. INC. Listed on: 02/13/2018

Last Buyer's Agent

Non-Member Non-Member

Non Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,342

Year Built

  • Built in 1955

Lot Details

  • 2,614

Interior Spaces

  • 1,519 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Wall to Wall Carpet

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

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

Additional Features

  • Outdoor Shower
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 1 / 1094

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Building Patio
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,342

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • District Township: 02-Cape May City
  • Near: School, beaches, shopping
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 1955
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 908
  • Price per Sq Ft: 292.3
  • Selling Agent1: 1416
  • Selling Office1: 246
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1955

Interior Features

  • Appliances Included: Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Estimated Living Sq Ft: 1519
  • Other Rooms: Living Room, Dining Area

Garage/Parking

  • Parking: 2 Car, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: 908
  • Common Area Features: Patio, Cable TV, Outside Shower
  • Condo Fees: 833.66QTR
  • Unit Features: Wall To Wall Carpet
  • Unit Location: First Floor

Lot Info

  • Lot Number: 1
  • Zoning: R-3

Tax Info

  • Taxes: 3341.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2018
Closed on
Aug 4, 2018
Sold by
Mcsherry James and Mcsherry Mary B
Bought by
Kramer 3Rd Charles W and Wilson Amy
Seller's Agent
Craig Needles
HOMESTEAD REAL ESTATE CO. INC.
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$469,000
Sold Price
$444,000
Premium/Discount to List
-$25,000
-5.33%
Current Estimated Value
$952,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,029
Avg. Annual Appreciation
10.97%
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 23, 2005
Sold by
Needles Craig
Bought by
Mcsherry James and Mcsherry Mary B

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
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2004
Sold by
Wspl Associates Llc and Needles Craig
Bought by
Needles Craig H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2003
Sold by
Chew Russell A
Bought by
Needles Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.93%

Purchase Details

Closed on
May 1, 2001
Sold by
Obrzut Thomas A
Bought by
Chew Russell A and Chew Dagmer

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
6.85%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kramer 3Rd Charles W $444,000 --
Mcsherry James $490,000 The Title Company Of Jersey
Needles Craig H -- The Title Company Of Jersey
Needles Craig $375,000 --
Chew Russell A $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Amy $246,200
Closed Kramer 3Rd Charles W $250,000
Previous Owner Mcsherry James $31,500
Previous Owner Mcsherry James $300,000
Previous Owner Needles Craig H $315,000
Previous Owner Needles Craig $275,000
Previous Owner Chew Russell A $135,000
Closed Needles Craig H $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2018 08/04/18 Sold $444,000 -5.3% $292 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
02/13/2018 02/13/18 For Sale $469,000 -- $309 / 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 $3,995 $378,000 $249,600 $128,400
2024 $3,995 $378,000 $249,600 $128,400
2023 $4,060 $378,000 $249,600 $128,400
2022 $3,901 $378,000 $249,600 $128,400
2021 $3,848 $378,000 $249,600 $128,400
2020 $3,667 $378,000 $249,600 $128,400
2019 $3,731 $378,000 $249,600 $128,400
2018 $3,519 $378,000 $249,600 $128,400
2017 $3,342 $378,000 $249,600 $128,400
2016 $3,145 $378,000 $249,600 $128,400
2015 $3,270 $378,000 $249,600 $128,400
2014 $3,270 $378,000 $249,600 $128,400
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Craig Needles

    HOMESTEAD REAL ESTATE CO. INC.

    Section Image

  • N

    Buyer's Agent in 2018

    Non-Member Non-Member

    Non Member

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 181101

Cape May County Association of REALTORS®

APN: 02-01094-0000-00001-0000-C-908

New Jersey Cape May County Cape May 08204

908 Lafayette St Unit 908, Cape May, NJ

This home is located at 908 Lafayette St Unit 908, Cape May, NJ 08204 since 13 February 2018 and is currently estimated at $952,029, approximately $626 per square foot. This property was built in 1955. 908 Lafayette St Unit 908 is a home located in Cape May County with nearby schools including Cape May City Elementary School, Richard M. Teitelman School, and Lower Cape May Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

Nearby Homes