509 Ocean Avenue

509 Ocean Avenue in Cape May Point, NJ was first built in 1940 and is 84 years old. This has been categorized as a residential property type. It is a single story home. 509 Ocean Avenue has 864 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 Aug 29, 2022 for $999,000. That's $1,156.25 per sqft. Prior to that sales transaction, the property was also sold in Aug 30, 2013 for $535,000. 509 Ocean Avenue was last assessed in 2023. The total value of the property was assessed at $532,400. Specifically, the land the property is located on was valued at $429,000. While improvements on the property were assessed at a total of $103,400. 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 $3,881. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.