See Home Value
Cape May 08204
1251 Washington
$549,921*
House - Off Market

1251 Washington

Cape May, NJ 08204
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1377 Sqft
$423,000 - $517,000
Reference Base Price*
17.00%
Since Jul 1, 2021
National-US
Primary Model
Sold May 23, 2022
$660,000
$594,000 by Movement Mortgage Llc
Mortgage Due Jun 01, 2052
Sold Sep 02, 2021
$475,000
$612,432 by Btc Crb Spv Llc
Mortgage

About This Property

Great opportunity in one of the most historic towns at the Jersey Shore. The property, built in 1917 features 3 bedrooms and 1 bathroom; two bedrooms on the middle floor and a large attic style bedroom on the top floor. Large living area. Fenced in yard with small porch in the back, great for entertaining. Located close to some of the best restaurants in town. Dock your boat in one of the marinas located in close proximity. Schedule your showing today!

The manager has listed the unit size as 1377 square feet.
Unit Size
1,377Ft²
Days on Market
-
Land Size
-
Price per sqft
$341
Property Type
House
Property Taxes
$3,514
HOA Dues
-
Year Built
1917

Price History

Date / Event Date Event Price
May 23, 2022 Sold to Antonio Yacovelli $660,000
Sold to Antonio Yacovelli
Sep 2, 2021 Sold $475,000
Sold
Jun 25, 2021 No longer available -
No longer available
Jun 8, 2021 Listed $470,000
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,398
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,377
  • Building Area: 1,377
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,377
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.078
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : YACOVELLI ANTONIO
  • Previous Owner : CAPE MAY RENTALS LLC
  • Owner Before Previous Owner: FINANCE OF AMERICA ACQ TR
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 34
  • Account Number: 2487
  • District: 02
  • Parcel: 02 01129-0000-00024
  • Block: 1129
  • Lot: 24
  • Municipality: CAPE MAY CITY
  • Latitude: 38.9457
  • Longitude: -74.9114

    Address

  • Full Address: 1251 Washington St
  • Address - House Number: 1251
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C012
  • 4-Digit Zip Code: 1740
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,022
  • Intital Tax Deliquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2194
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 751,282
  • High Value: 916,171
  • Low Value: 586,394

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $594,000
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 23, 2022
  • First Open Lien Mortgage Loan Amount: $594,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $832,640
  • Market Land Value: $382,982
  • Market Improvement Value: $449,658

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $560,700
  • Assessed Land Value: $257,900
  • Assessed Improvements Value: $302,800

    Sales

  • Current Sale Contract Date: Apr 13, 2022
  • Current Sale Recording Date: May 23, 2022
  • Current Sale Transaction ID: 11889645635
  • Current Sale Price: $660,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 17726
  • Previous Sale Recording Date: Sep 02, 2021
  • Previous Sale Contract Date: Aug 26, 2021
  • Previous Sale Amount: $475,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Mortgage Transaction Date: May 23, 2022
  • First Mortgage Loan Amount: $594,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BTC CRB SPV LLC
  • Previous Mortgage Transaction Date: Sep 02, 2021
  • Previous Mortgage Loan Amount: $612,432
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$340,000 Aug 13, 2002
$340,000 Oct 31, 2003
-
Condo
1 Bed
1 Bath
548 ft²
$867/ft²
$475,000 Nov 7, 2022
-
$994/mo

About Cape May


Similar Homes for Sale

Unit for sale at 1011 Lafayette Street, Cape May, NJ 08204

$475,000

  • 1 Bed
  • 1 Bath
  • 548 ft²
1011 Lafayette Street #302, Cape May, NJ 08204 Listing by Holly Steger

Nearby Rentals

Unit for rent at

$2,400 /mo

  • Studio
  • 1,240 ft²
Listing by M Lynn Gleeson


Frequently Asked Questions

When was property at 1251 Washington Street built and last sold?
The property at 1251 Washington Street was built in 1917 and last sold on Apr 13, 2022 for $660,000.
How much is this home worth?
The estimated value of the home located at 1251 Washington Street is $475,878.
What are some comparable homes to 1251 Washington Street?
There are currently no comparable homes to 1251 Washington Street.

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