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418 Portsmouth Road

418 Portsmouth Road, Cape May, NJ 08204
Land in Cape May
Sold Mar 31, 2021
$949,900
$350,000 by Bank Of America Na
Mortgage
Sold Aug 18, 2020
$217,500
418 Portsmouth Road has been categorized by the local assessors in Cape May, NJ as a residential type of property. The linear feet between the front and back of the lot is 850 ft and across the front of the lot is 1,650 ft. The area measurement of the land has been determined as 14,026 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 418 Portsmouth Road sold most recently in Mar 19, 2021 for a total of $949,900. Before that, the property was also sold for $217,500 in Jul 29, 2020. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,579 in taxes each year. 418 Portsmouth Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $729,300. If we break it down further, the land itself was valued at $227,000. Improvements to the property, however, were assessed at a total of $502,300. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Attached Garage
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 14,026
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 1,650
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.322
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MANZETTI PETER
  • Current Owner 2: MANZETTI KATHLEEN
  • Previous Owner : SALASIN ROBERT
  • Owner Before Previous Owner: NAGEL MILTON L
  • Owner Before Previous Owner 2: NAGEL PATRICIA A
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021702

Geography

  • Assessors Map Reference: TAX MAP 1109
  • District: 05
  • Parcel: 05 00753- 18-00002
  • Block: 753.18
  • Lot: 2
  • Municipality: LOWER TWP
  • Latitude: 38.9606
  • Longitude: -74.9146

    Address

  • Full Address: 418 Portsmouth Rd
  • Address - House Number: 418
  • Address - Street Name: Portsmouth
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C010
  • 4-Digit Zip Code: 4250
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,579

    Appraisal Valuation

  • Standard Deviation: 0.2166
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,359,953
  • High Value: 1,654,573
  • Low Value: 1,065,333

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Mar 31, 2021
  • First Open Lien Mortgage Loan Amount: $350,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,119,417
  • Market Land Value: $348,427
  • Market Improvement Value: $770,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $729,300
  • Assessed Land Value: $227,000
  • Assessed Improvements Value: $502,300

    Sales

  • Current Sale Contract Date: Mar 19, 2021
  • Current Sale Recording Date: Mar 31, 2021
  • Current Sale Transaction ID: 11831512714
  • Current Sale Price: $949,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021016372
  • Previous Sale Recording Date: Aug 18, 2020
  • Previous Sale Contract Date: Jul 29, 2020
  • Previous Sale Amount: $217,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Mar 31, 2021
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 418 Portsmouth Road located in?
The 418 Portsmouth Road is a land located in the neighborhood of Cape May in Cape May, Cape May.
What is the average sales price for listings in 418 Portsmouth Road?
The average sales price for units in 418 Portsmouth Road is $949,900 , or $313/sqft. currently.

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