by RHP Realty

See Home Value
Cape May 08204
1201 Pennsylvania Avenue
$349,900
Land - Off Market

1201 Pennsylvania Avenue

Cape May Court House, NJ 08204
bedrooms
Studio
bathrooms
0 Bath
$347,717
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Great opportunity to develop 6.49 acres 2 blocks off of Indian Trail at 1201 Pennsylvania Avenue directly behind the Meadow Valley Development.  Centrally located to the Delaware Bay and North Wildwood & Stone Harbor Point beaches. Bustling area with Home Depot, Dollar General and the new Grapevine shopping center. Cape May County bike path is directly across the street... ride your bike to Cape May or go north to the County Zoo. Restaurants are all within a short drive the newest "Lazzy Bass Bayside Bar & Grill is right under the N. Wildwood bridge has a marina for arriving by boat.  The pictures depict plans once made to develop the property with 6 single family homes.  Plans can be made available but need to be updated. Cape May County is lacking affordable housing could this possibly be an opportunity??? Are you looking to build your private estate on this nice sized parcel??? So many possibilities...
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$323
HOA Dues
-
Year Built
1975
Last updated: 10 months ago (CMCMLS #213211)

Price History

Date / Event Date Event Price
Sep 1, 2023 No longer available -
No longer available
Sep 29, 2021 Relisted $349,900
Relisted
Sep 28, 2021 No longer available -
No longer available
Aug 30, 2021 Listed by COASTLINE REALTY, LLC $349,900
Listed by COASTLINE REALTY, LLC
May 4, 2004 Sold to Painting Decorating Inc Ra $135,000
Sold to Painting Decorating Inc Ra
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Property Highlights

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 400
  • Total Building Area: 1,260
  • Building Area: 1,260
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,260
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : RA PAINTING & DECORATING INC
  • Previous Owner : SMITH DAVID L
  • Owner Before Previous Owner: SMITH DAVID L
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: TAX MAP 36
  • Account Number: 2744
  • District: 02
  • Parcel: 02 01139-0000-00035
  • Block: 1139
  • Lot: 35
  • Municipality: CAPE MAY CITY
  • Latitude: 38.9414
  • Longitude: -74.9097

    Address

  • Full Address: 1201 Pennsylvania Ave
  • Address - House Number: 1201
  • Address - Street Name: Pennsylvania
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C013
  • 4-Digit Zip Code: 2618
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,072

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 917,083
  • High Value: 1,152,255
  • Low Value: 681,911

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $104,000
  • First Open Lien Mortgage Lender: FIRST UNION MTG CORP
  • First Open Lien Mortgage Recording Date: Sep 15, 1997
  • First Open Lien Mortgage Loan Amount: $104,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $562,964
  • Market Land Value: $402,435
  • Market Improvement Value: $160,529

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $379,100
  • Assessed Land Value: $271,000
  • Assessed Improvements Value: $108,100

    Sales

  • Current Sale Contract Date: Apr 20, 2004
  • Current Sale Recording Date: May 04, 2004
  • Current Sale Transaction ID: 1119162535
  • Current Sale Price: $135,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 04, 2004
  • Previous Sale Contract Date: Apr 20, 2004
  • Previous Sale Amount: $135,000
  • Previous Sale Document Type: Bargain and Sale Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cape May


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Frequently Asked Questions

When was property at 1201 Pennsylvania Avenue built and last sold?
The property at 1201 Pennsylvania Avenue was built in 1975 and last sold on Apr 20, 2004 for $135,000.
How much is this home worth?
The estimated value of the home located at 1201 Pennsylvania Avenue is $353,399.
What are some comparable homes to 1201 Pennsylvania Avenue?
There are currently no comparable homes to 1201 Pennsylvania Avenue.

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