See Home Value
$1,532,236*
House - Off Market

402 Lincoln

Cape May Point, NJ 08212
bedrooms
5 Beds
bathrooms
3 Baths
$941,000 - $1,149,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
Sold Apr 11, 2023
$1,425,000
$1,140,000 by Philadelphia Mortgage Advisors
Mortgage Due Apr 01, 2053
Sold Oct 22, 2019
$979,000
$400,000 by Wells Fargo Bank Na
Mortgage

About This Property

Cape May Point historic Victorian Cottage circa 1876, renovated and restored as a three unit beach block property with excellent summer rental history, presently used as a single family home. The Dr. Isaac S. Fogg Cottage has been updated with modern kitchens and baths in each of the three apartments but maintains the historic charm with hardwood floors, high ceilings, many windows, covered porch, deck and screened porch.  Unit one has access to the wrap around porch, which is both open and screened, spacious living room with dining area, lovely new kitchen, one bedroom and full bath.  Unit two is accessed from the back door into a bedroom with attached full bath with a laundry closet. The stairs lead up the second floor into a bright and sunny kitchen and living area with screened porch. Unit three has a staircase located in the back leading into a deck entrance to the two bedroom apartment with new kitchen and bathroom and a lovely bright living room.  Currently the house is rented as a whole with 5 bedrooms, 3 baths, sleeping 12 guests with average income of over $40,000 for the summer season. Endless possibilities, rent one or two units and keep the other for your own use. Situated on a large corner lot and located just two houses to the entrance to the beach and facing historic St. Peters Episcopal Church. Sold mostly furnished with the exception of art work and personal items.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$6,160
HOA Dues
-
Year Built
1876

Price History

Date / Event Date Event Price
Apr 11, 2023 Sold to Paula A Fleming, Rebecca E ... $1,425,000
Sold to Paula A Fleming, Rebecca E ...
Apr 1, 2023 No longer available -
No longer available
Feb 3, 2023 No longer available -
No longer available
Jan 21, 2023 Price Decreased $1,495,000
↓ $50K (3.2%)
Price Decreased
Dec 9, 2022 Price Decreased $1,545,000
↓ $25K (1.6%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1876
  • Effective Year Built: 1876
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,858
  • Building Area: 1,858
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,858
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.16
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OBB L44

Ownership

  • Current Owner : FLEMING PAULA A
  • Current Owner 2: FLEMING REBECCA E
  • Previous Owner : WRITE JANET LEE
  • Owner Before Previous Owner: OSHEA ROBERT J
  • Owner Before Previous Owner 2: OSHEA REBECCA L
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Cape May Point Borough School District
  • Census Tract: 021900

Geography

  • Assessors Map Reference: TAX MAP 11
  • District: 03
  • Parcel: 03 00016-0000-00002
  • Block: 16
  • Lot: 2
  • Municipality: CAPE MAY POINT BORO
  • Latitude: 38.9345
  • Longitude: -74.9666

    Address

  • Full Address: 402 Lincoln Ave
  • Address - House Number: 402
  • Address - Street Name: Lincoln
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May Point
  • Carrier Code: R777
  • 4-Digit Zip Code: 3081
  • Zip Code: 08212

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,586

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,140,000
  • First Open Lien Mortgage Lender: PHILADELPHIA MORTGAGE ADVISORS
  • First Open Lien Mortgage Recording Date: Apr 11, 2023
  • First Open Lien Mortgage Loan Amount: $1,140,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $1,532,548
  • Market Land Value: $1,343,888
  • Market Improvement Value: $188,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,040,600
  • Assessed Land Value: $912,500
  • Assessed Improvements Value: $128,100

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 11, 2023
  • Current Sale Transaction ID: 11905655747
  • Current Sale Price: $1,425,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 7697
  • Previous Sale Recording Date: Oct 22, 2019
  • Previous Sale Contract Date: Oct 16, 2019
  • Previous Sale Amount: $979,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PHILADELPHIA MORTGAGE ADVISORS
  • First Mortgage Transaction Date: Apr 11, 2023
  • First Mortgage Loan Amount: $1,140,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Oct 22, 2019
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $400,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional



Comparables

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

About Cape May Point


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Frequently Asked Questions

When was property at 402 Lincoln Avenue built and last sold?
The property at 402 Lincoln Avenue was built in 1876 and last sold on Mar 31, 2023 for $1,425,000.
How much is this home worth?
The estimated value of the home located at 402 Lincoln Avenue is $1,055,450.
What are some comparable homes to 402 Lincoln Avenue?
There are currently no comparable homes to 402 Lincoln Avenue.

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