1615 New Jersey Avenue

1615 New Jersey Avenue has been categorized by the local assessors in Cape May, NJ as a residential type of property. The building on the property was first built in 1925 and is 99 years old. The building has a total of 3 stories. In addition, 1615 New Jersey Avenue has 2,542 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,250 ft and across the front of the lot is 800 ft. The area measurement of the land has been determined as 10,001 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1615 New Jersey Avenue was last sold in Aug 17, 2020 for $2,175,000. According to our calculations, that's $855.63 per sqft. Prior to that sales transaction, the property was sold for $875,000 in Dec 30, 2013. Current property owners are expected to pay $14,751 in taxes per year. The property on 1615 New Jersey Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,373,500. To break that down further, the land itself was valued at $1,071,000. While improvements to the property were assessed at a total of $302,500. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.