NOT LISTED FOR SALE

933 Beach Ave Cape May, NJ 08204

Estimated Value: $2,803,000 - $4,605,848

13 Beds
12 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold August 28, 2020

Last sale price $2,600,000

Est. 66% increase in value since last sale

Current estimated payment $24,869/month

237 Days on Market

Highlights

  • Beach Front
  • Eat-In Kitchen
  • Storage Room
  • Porch
  • Living Room
  • Outdoor Storage

About This Home

As of August 2020

Annual flood insurance for main building is $8442 and carriage house is $3453. Flood elevation certificates dated February 17, 2020 in Associated Documents.

Last Agent to Sell the Property

Todd deSatnick

deSatnick Real Estate LLC - Cape May License #9806297 Listed on: 11/16/2019

Last Buyer's Agent

Todd deSatnick

deSatnick Real Estate LLC - Cape May License #9806297 Listed on: 11/16/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,245

Lot Details

  • Beach Front

Home Design

Interior Spaces

  • Living Room
  • Dining Area
  • Storage Room
  • Water Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 12 Bathrooms

Parking

  • Carport
  • Parking Pad

Outdoor Features

  • Outdoor Storage
  • Porch

Community Details

  • 10 Units

Listing and Financial Details

  • Legal Lot and Block 16 / 1081

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,245

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Apartment
  • Location: Beach Front, Water View
  • District Township: 02-Cape May City
  • New Construction: No
  • Lot Size2: 8908
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 12
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Storage Space

Exterior Features

  • Outside Features: Porch, Storage Building, Sidewalks, Waterview

Garage/Parking

  • Parking: Carport, Parking Pad

Utilities

  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 16
  • Lot Size: 6001 to 10000 SqFt
  • Total Assessment: 1544600

Tax Info

  • Taxes: 15245.2
  • Tax Year: 2019

Multi Family

  • Number Of Units: 10
  • Total Rent: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2019
Closed on
Aug 16, 2020
Sold by
Cape S Cape Llc
Bought by
Cape May Glass Prop Llc
Seller's Agent
Todd deSatnick
deSatnick Real Estate LLC - Cape May
Buyer's Agent
Todd deSatnick
deSatnick Real Estate LLC - Cape May
List Price
$3,500,000
Sold Price
$2,600,000
Premium/Discount to List
-$900,000
-25.71%
Current Estimated Value
$4,323,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,723,533
Avg. Annual Appreciation
7.16%
Original Mortgage
$1,950,000
Outstanding Balance
$1,729,787
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,985,925

Purchase Details

Closed on
Jun 29, 1993
Sold by
Rein Barry B
Bought by
Rein Catherine A
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
Cape May Glass Prop Llc $2,600,000 None Available
Rein Catherine A $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cape May Glass Prop Llc $1,950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $2,600,000 -25.7% --
07/10/2020 07/10/20 Pending -- -- --
11/16/2019 11/16/19 For Sale $3,500,000 -- --
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 $26,864 $2,541,500 $1,117,800 $1,423,700
2024 $26,864 $2,541,500 $1,117,800 $1,423,700
2023 $16,589 $1,544,600 $1,117,800 $426,800
2022 $15,940 $1,544,600 $1,117,800 $426,800
2021 $15,724 $1,544,600 $1,117,800 $426,800
2020 $14,983 $1,544,600 $1,117,800 $426,800
2019 $15,245 $1,544,600 $1,117,800 $426,800
2018 $14,380 $1,544,600 $1,117,800 $426,800
2017 $13,654 $1,544,600 $1,117,800 $426,800
2016 $12,851 $1,544,600 $1,117,800 $426,800
2015 $13,361 $1,544,600 $1,117,800 $426,800
2014 $13,361 $1,544,600 $1,117,800 $426,800
Source: Public Records

Agents Affiliated with this Home

  • Todd deSatnick

    Seller's Agent in 2020

    Todd deSatnick

    deSatnick Real Estate LLC - Cape May

    (609) 780-2033

    36 in this area

    58 Total Sales

    Todd deSatnick
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 190541

Cape May County Association of REALTORS®

APN: 02-01081-0000-00016

New Jersey Cape May County Cape May 08204

933 Beach Ave, Cape May, NJ

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