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413 Cambridge Avenue

413 Cambridge Avenue, Cape May Point, NJ 08212
Property in Cape May
Sold Apr 07, 2021
$790,000
$632,000 by Republic First Bank
Mortgage
Sold Jul 13, 2012
$425,000
$340,000 by 1st Mariner Bank
Mortgage Due Jul 01, 2042
413 Cambridge Avenue in Cape May Point, NJ was first built in 1930 and is 94 years old. This has been categorized as a residential property type. It is a single story home. 413 Cambridge Avenue has 892 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 5,001 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in Mar 29, 2021 for $790,000. That's $885.65 per sqft. Prior to that sales transaction, the property was also sold in Jun 21, 2012 for $425,000. 413 Cambridge Avenue was last assessed in 2023. The total value of the property was assessed at $512,200. Specifically, the land the property is located on was valued at $475,000. While improvements on the property were assessed at a total of $37,200. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $3,734. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 892
  • Building Area: 892
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 892
  • 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
  • Legal Description 1: ADDITIONAL LOTS: OBC L31

Ownership

  • Current Owner : LEUBECKER JOHN D
  • Current Owner 2: LEUBECKER KATHLEEN J
  • Previous Owner : BHATIA DINKAR S
  • Previous Owner 2: ADAMS APRIL E
  • Owner Before Previous Owner: BENNETT JUDITH CROSS
  • 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 8
  • District: 03
  • Parcel: 03 00025-0000-00016
  • Block: 25
  • Lot: 16
  • Municipality: CAPE MAY POINT BORO
  • Latitude: 38.9368
  • Longitude: -74.9653

    Address

  • Full Address: 413 Cambridge Ave
  • Address - House Number: 413
  • Address - Street Name: Cambridge
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May Point
  • Zip Code: 08212

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,734

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,138,212
  • High Value: 1,381,616
  • Low Value: 894,809

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $882,000
  • First Open Lien Mortgage Lender: REPUBLIC FIRST BANK
  • First Open Lien Mortgage Recording Date: Apr 07, 2021
  • First Open Lien Mortgage Loan Amount: $632,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: REPUBLIC BANK
  • Second Open Lien Mortgage Recording Date: Jan 17, 2023
  • Second Open Lien Mortgage Loan Amount: $250,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $754,344
  • Market Land Value: $699,558
  • Market Improvement Value: $54,786

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $512,200
  • Assessed Land Value: $475,000
  • Assessed Improvements Value: $37,200

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Apr 07, 2021
  • Current Sale Transaction ID: 11832642677
  • Current Sale Price: $790,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021017178
  • Previous Sale Recording Date: Jul 13, 2012
  • Previous Sale Contract Date: Jun 21, 2012
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: REPUBLIC FIRST BANK
  • First Mortgage Transaction Date: Apr 07, 2021
  • First Mortgage Loan Amount: $632,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: 1ST MARINER BANK
  • Previous Mortgage Transaction Date: Jul 13, 2012
  • Previous Mortgage Loan Amount: $340,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2042

About Cape May Point



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Frequently Asked Questions

What neighborhood is 413 Cambridge Avenue located in?
The 413 Cambridge Avenue is a located in the neighborhood of Cape May in Cape May Point, Cape May Point.
What is the average sales price for listings in 413 Cambridge Avenue?
The average sales price for units in 413 Cambridge Avenue is $0 currently.

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