NOT LISTED FOR SALE

944 Route 109 Unit 946 Cape May, NJ 08204

Estimated Value: $766,000 - $982,000

-- Bed
-- Bath
810 Sq Ft
$1,087/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $580,000 $716 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $5,691/month

41 Days on Market

Highlights

  • Enclosed patio or porch
  • Laundry Room
  • Dining Area
  • Living Room
  • Forced Air Heating System

About This Home

As of April 2021

Construction Nearing Completion! Located near the foot of the Cape May Bridge you will find a brand new duplex not far from Cape May, the Canal, & Tranquility Park. This is an ideal opportunity to invest in owning one unit while renting the other or possibly convert to condominiums for individual ownership. This location could be perfect for seasonal rental income, weekly summer rentals, year round rentals, a shore home, or a year round home. With these units being completely brand new you can move right in upon completion and not have the stress of renovations or updating a home. The vestibule entrance leads to the first floor access & stairs to the second floor. The first floor offers a living room, dining area, kitchen with bar seating, laundry/utility room, two bedrooms, one bath, & rear deck. The second floor offers a similar floor plan with a larger living room, & a larger bedroom plus a nice second floor balcony. There is a one car garage that is not currently assigned to either unit so you can choose how you would like to use it.. Buy this Beautiful New Home On The Way To Cape May!

Last Agent to Sell the Property

Kathleen Harron

Re/Max Surfside-Cape May License #0447965 Listed on: 02/11/2021

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,953

Year Built

  • Built in 2021

Lot Details

  • 5,009

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • Living Room
  • Dining Area
  • Crawl Space
  • Laundry Room

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Enclosed patio or porch
  • Lot Dimensions are 50x100

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,953

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 02/14/2021
  • Year Built: 2021
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space
  • Other Rooms: Dining Area, Kitchen, Laundry/Utility Rm, Living Room

Exterior Features

  • Outside Features: Porch-Enclosed

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 50x100

Multi Family

  • Number Of Units: 2
  • Separate Meters: Electric, Gas, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Apr 7, 2021
Sold by
944 Paricway Llc
Bought by
Lower Cape Family Llc
Seller's Agent
Kathleen Harron
Re/Max Surfside-Cape May
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%
Current Estimated Value
$880,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,304
Avg. Annual Appreciation
9.73%

Purchase Details

Listed on
Feb 11, 2021
Closed on
Apr 2, 2021
Sold by
944 Parkway Llc
Bought by
Lower Cape Family Llc
Seller's Agent
Kathleen Harron
Re/Max Surfside-Cape May
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%

Purchase Details

Closed on
Dec 10, 2019
Sold by
Basalyga David
Bought by
944 Parkway Llc

Purchase Details

Closed on
Jun 19, 2019
Sold by
T Edward
Bought by
Basalyga David

Purchase Details

Closed on
Aug 21, 2009
Sold by
Kubeck Edward C
Bought by
Kubeck Edward C and The Edward & Nellie Kubeck Trust

Purchase Details

Closed on
Mar 26, 1991
Sold by
Kubeck Edward C
Bought by
Kubeck Edward C
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
Lower Cape Family Llc $580,000 None Listed On Document
Lower Cape Family Llc $580,000 Misc Company
944 Parkway Llc -- Misc Company
Basalyga David $107,000 Title Company Of Jersey
Kubeck Edward C -- None Available
Kubeck Edward C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lower Cape Family Llc $435,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2021 04/07/21 Sold $580,000 -3.3% $716 / Sq Ft
02/11/2021 02/11/21 For Sale $599,900 -- $741 / Sq Ft
Source: South Jersey Shore Regional MLS

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
2024 $9,953 $490,800 $110,000 $380,800
2023 $9,811 $490,800 $110,000 $380,800
2022 $9,512 $490,800 $110,000 $380,800
2021 $2,068 $110,000 $110,000 $0
2020 $2,035 $110,000 $110,000 $0
2019 $2,351 $130,300 $110,000 $20,300
2018 $2,295 $130,300 $110,000 $20,300
2017 $2,297 $130,300 $110,000 $20,300
2016 $2,262 $130,300 $110,000 $20,300
2015 $2,189 $130,300 $110,000 $20,300
2014 $2,117 $130,300 $110,000 $20,300
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Harron

    Seller's Agent in 2021

    Kathleen Harron

    RE/MAX

    22 in this area

    58 Total Sales

    Kathleen Harron
    Section Image

  • A

    Buyer's Agent in 2021

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 547217

South Jersey Shore Regional MLS

APN: 05-00776-0000-00001

New Jersey Cape May County Cape May 08204

944 Route 109 Unit 946, Cape May, NJ

This home is located at 944 Route 109 Unit 946, Cape May, NJ 08204 since 11 February 2021 and is currently estimated at $880,304, approximately $1,086 per square foot. This property was built in 2021. 944 Route 109 Unit 946 is a home located in Cape May County with nearby schools including Carl T. Mitnick School, David C. Douglass Veterans Memorial School, and Maud Abrams School.

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