See Home Value
$2,041,055*
House - Off Market

220 Perry

Cape May, NJ 08204
bedrooms
7 Beds
bathrooms
5 Baths, 2 Half Baths
$1,796,000 - $2,194,000
Reference Base Price*
2.31%
Since Aug 1, 2022
National-US
Primary Model
Sold Sep 26, 2022
$1,900,000
$647,250 by Pnc Bank Na
Mortgage Due Oct 01, 2052
Sold May 07, 2021
$1,195,000
$548,250 by Draper And Kramer Mortgage Cor
Mortgage

About This Property

Designer Inspired Turn Key Cape May Investment Property!! This wonderful 7 Bedroom, 3 Bathroom (plus 2 half baths) home has been recently remodeled into one of Cape May's successful rental properties with $158,000 already booked for 2022, with more to go!! Pride of ownership is obvious when viewing this property.  The exterior and interior has been freshly painted, new shutters have been painted and installed and there is a new outside shower. There also is a new Master Bath, as well as designer furnishings and touches that are abundant throughout this house.  This is an amazing opportunity to own a home in the Historic District of Cape May while letting the rentals pay for it. This location is perfect, you are steps to the beach, mall, restaurants, shops and all of the amenities that make Cape May the most amazing resort town. There are 4 parking spots to accommodate family and friends and a private back yard that is perfect for outdoor games or even a pet area. Seldom does a clean, fresh, turn-key property with all of the eye catching furniture come on the market that is truly in move in condition like this home.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$598
HOA Dues
-
Year Built
1871

Price History

Date / Event Date Event Price
Sep 26, 2022 Sold to Amanda M Catanzano, Keith M... $1,900,000
Sold to Amanda M Catanzano, Keith M...
Jul 24, 2022 No longer available -
No longer available
May 22, 2022 Relisted $1,995,000
Relisted
Mar 20, 2022 No longer available -
No longer available
Mar 10, 2022 Listed $1,995,000
Listed
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1871
  • Effective Year Built: 1871
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,539
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 510
  • Total Building Area: 2,422
  • Building Area: 2,422
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,422
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.104
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CATANZANO KEITH M
  • Current Owner 2: CATANZANO AMANDA M
  • Previous Owner : WHIPPLE
  • Previous Owner 2: MAUREEN
  • Owner Before Previous Owner: 220 PERRY LLC
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R-S

Geography

  • Assessors Map Reference: TAX MAP 7
  • Account Number: 583
  • District: 02
  • Parcel: 02 01031-0000-00033
  • Block: 1031
  • Lot: 33
  • Municipality: CAPE MAY CITY
  • Latitude: 38.933
  • Longitude: -74.9253

    Address

  • Full Address: 220 Perry St
  • Address - House Number: 220
  • Address - Street Name: Perry
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C007
  • 4-Digit Zip Code: 1447
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,568

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 1,023,762
  • High Value: 1,489,378
  • Low Value: 558,145

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $647,250
  • First Open Lien Mortgage Lender: PNC BANK NA
  • First Open Lien Mortgage Recording Date: Sep 26, 2022
  • First Open Lien Mortgage Loan Amount: $647,250
  • 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: Oct 01, 2052

    Market Valuation

  • Market Total Value: $1,046,481
  • Market Land Value: $806,653
  • Market Improvement Value: $239,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $704,700
  • Assessed Land Value: $543,200
  • Assessed Improvements Value: $161,500

    Sales

  • Current Sale Contract Date: Aug 27, 2022
  • Current Sale Recording Date: Sep 26, 2022
  • Current Sale Transaction ID: 11896427776
  • Current Sale Price: $1,900,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 29607
  • Previous Sale Recording Date: May 07, 2021
  • Previous Sale Contract Date: Apr 23, 2021
  • Previous Sale Amount: $1,195,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PNC BANK NA
  • First Mortgage Transaction Date: Sep 26, 2022
  • First Mortgage Loan Amount: $647,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: DRAPER AND KRAMER MORTGAGE COR
  • Previous Mortgage Transaction Date: May 07, 2021
  • Previous Mortgage Loan Amount: $548,250
  • 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
House
5 Beds
4 Baths
2,418 ft²
$825/ft²
$1,995,000 Dec 1, 2022
-
$869/mo
House
3 Beds
2.5 Baths
-
$1,699,000 Feb 15, 2023
-
$552/mo
House
3 Beds
3.5 Baths
1,923 ft²
$858/ft²
$1,650,000 Sep 1, 2022
-
$999/mo
Townhouse
4 Beds
4.5 Baths
2,425 ft²
$781/ft²
$1,895,000 Feb 13, 2023
-
$1,199/mo

About Cape May


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Nearby Rentals

Currently no nearby rentals


Frequently Asked Questions

When was property at 220 Perry Street built and last sold?
The property at 220 Perry Street was built in 1871 and last sold on Aug 27, 2022 for $1,900,000.
How much is this home worth?
The estimated value of the home located at 220 Perry Street is $2,014,950.
What are some comparable homes to 220 Perry Street?
There are currently no comparable homes to 220 Perry Street.

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