Sold Feb 02, 2012
$420,000
Seller
$170,000
by Sovereign Bank
Mortgage Due Feb 01, 2027
Sold Dec 31, 2002
$340,000
506 Broad Street 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 1905 and is 119 years old.
The building has a total of 2 stories.
In addition, 506 Broad Street has 1,107 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 720 ft and across the front of the lot is 480 ft.
The area measurement of the land has been determined as 3,454 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 506 Broad Street was last sold in Jan 20, 2012 for $420,000. According to our calculations, that's $379.40 per sqft. Prior to that sales transaction, the property was sold for $340,000 in Dec 6, 2002. Current property owners are expected to pay $5,078 in taxes per year. The property on 506 Broad Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $472,800. To break that down further, the land itself was valued at $152,000. While improvements to the property were assessed at a total of $320,800. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 506 Broad Street was last sold in Jan 20, 2012 for $420,000. According to our calculations, that's $379.40 per sqft. Prior to that sales transaction, the property was sold for $340,000 in Dec 6, 2002. Current property owners are expected to pay $5,078 in taxes per year. The property on 506 Broad Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $472,800. To break that down further, the land itself was valued at $152,000. While improvements to the property were assessed at a total of $320,800. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.
This property description is generated based on publicly available data.
506 Broad Street, Cape May, NJ 08204
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