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1042 Michigan Avenue

1042 Michigan Avenue, Cape May, NJ 08204
House in Cape May
Sold Oct 04, 2021
$875,000
$612,500 by Columbia Bank
Mortgage
Sold Dec 03, 2007
$850,000
$350,000 by Clark D Smith
Mortgage Due Nov 25, 2008
Local assessors in Cape May, NJ have categorized 1042 Michigan Avenue as a residential type of property. The home was built in 1986 and is 38 years old. The property's lot size has been calculated to be 20,475 square feet. The linear feet between the front and back of the lot was measured at 1,170 ft and the front of the lot was measured at 1,750 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1042 Michigan Avenue has a total of 2,080 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Sep 22, 2021 for $875,000. That's $420.67 per sqft. Prior to that sales transaction, the property was also sold in Nov 26, 2007 for $850,000. 1042 Michigan Avenue was last assessed in 2023. The total value of the property was assessed at $752,200. Specifically, the land the property is located on was valued at $529,800. While improvements on the property were assessed at a total of $222,400. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,079. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Attached Garage
Open Parking

Exterior

Vinyl Siding
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 20,475
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 1,750
  • Total Building Area: 2,080
  • Building Area: 2,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.47
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BREW GERARD
  • Previous Owner : LAGOS CHARLES J
  • Previous Owner 2: HARDKI LYNN
  • Owner Before Previous Owner: SMITH CLARK D
  • Owner Before Previous Owner 2: SMITH JOAN B
  • Ownership Rights Codes: unknown
  • Vacant Flag Date: Apr 28, 2023

Neighborhood

  • School District Name: Cape May City School District
  • Census Tract: 022000

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 30
  • Account Number: 2054
  • District: 02
  • Parcel: 02 01109-0000-00001
  • Block: 1109
  • Lot: 1
  • Municipality: CAPE MAY CITY
  • Latitude: 38.9392
  • Longitude: -74.9131

    Address

  • Full Address: 1042 Michigan Ave
  • Address - House Number: 1042
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C013
  • 4-Digit Zip Code: 2551
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,079

    Appraisal Valuation

  • Standard Deviation: 0.2194
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,353,777
  • High Value: 1,650,899
  • Low Value: 1,056,656

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $612,500
  • First Open Lien Mortgage Lender: COLUMBIA BANK
  • First Open Lien Mortgage Recording Date: Oct 04, 2021
  • First Open Lien Mortgage Loan Amount: $612,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,117,018
  • Market Land Value: $786,754
  • Market Improvement Value: $330,264

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $752,200
  • Assessed Land Value: $529,800
  • Assessed Improvements Value: $222,400

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Oct 04, 2021
  • Current Sale Transaction ID: 11860099075
  • Current Sale Price: $875,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021044386
  • Previous Sale Recording Date: Dec 03, 2007
  • Previous Sale Contract Date: Nov 26, 2007
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: COLUMBIA BANK
  • First Mortgage Transaction Date: Oct 04, 2021
  • First Mortgage Loan Amount: $612,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: CLARK D SMITH
  • Previous Mortgage Transaction Date: Dec 03, 2007
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Seller take-back
  • Previous Mortgage Loan Due Date: Nov 25, 2008

About Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1042 Michigan Avenue located in?
The 1042 Michigan Avenue is a house located in the neighborhood of Cape May in Cape May, Cape May.
What is the average sales price for listings in 1042 Michigan Avenue?
The average sales price for units in 1042 Michigan Avenue is $0 currently.

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