NOT LISTED FOR SALE

933 Beach Ave Cape May, NJ 08204

Estimated Value: $4,064,000 - $5,010,000

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

Sale Details

Date Sold: August 28, 2020

Last sale price $2,600,000

Est. 80% increase in value since last sale

Current estimated payment $27,561 / mo

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

8,712 Sq Ft Lot

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

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

Listed on
Nov 16, 2019
Closed on
Aug 16, 2020
Sold by
Bought by
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
$4,688,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,088,045
Avg. Annual Appreciation
9.67%
Original Mortgage
$1,950,000
Interest Rate
0.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 1993
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$2,600,000 None Available
$250,000 --
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
Closed $1,950,000
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
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

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 $26,864 $2,541,500 $1,117,800 $1,423,700
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

    50 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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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.

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