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7 Landis Avenue

7 Landis Avenue, Cape May, NJ 08204
House in Cape May
Sold May 04, 2022
$820,000
Sold Jan 22, 2021
$640,000
$487,500 by Newfield National Bank
Mortgage
Local assessors in Cape May, NJ have categorized 7 Landis Avenue as a residential type of property. The home was built in 1890 and is 134 years old. The property's lot size has been calculated to be 10,498 square feet. The linear feet between the front and back of the lot was measured at 2,100 ft and the front of the lot was measured at 500 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7 Landis Avenue has a total of 1,866 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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, 7 Landis Avenue sold most recently in Apr 21, 2022 for a total of $820,000. If you work out the math, that's approximately a cost of $439.44 per sqft. Before that, the property was also sold for $640,000 in Jan 14, 2021. 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 $6,116 in taxes each year. 7 Landis Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $402,100. If we break it down further, the land itself was valued at $266,000. Improvements to the property, however, were assessed at a total of $136,100. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,498
  • Lot Size Depth Feet: 2,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,866
  • Building Area: 1,866
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,866
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LANDIS HOUSE LLC
  • Previous Owner : 7 LANDIS AVE LLC
  • Owner Before Previous Owner: KIM & BOB PROPERTIES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Feb 20, 2023

Neighborhood

  • School District Name: Lower Cape May Regional School District
  • Census Tract: 021900

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 12
  • Parcel: 12 00055-0000-00017- 02
  • Block: 55
  • Lot: 17.02
  • Municipality: WEST CAPE MAY BORO
  • Latitude: 38.9413
  • Longitude: -74.9312

    Address

  • Full Address: 7 Landis Ave
  • Address - House Number: 7
  • Address - Street Name: Landis
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C016
  • 4-Digit Zip Code: 1111
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,116

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 701,563
  • High Value: 1,020,640
  • Low Value: 382,485

    Market Valuation

  • Market Total Value: $696,759
  • Market Land Value: $460,925
  • Market Improvement Value: $235,834

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $402,100
  • Assessed Land Value: $266,000
  • Assessed Improvements Value: $136,100

    Sales

  • Current Sale Contract Date: Apr 21, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Transaction ID: 11887365703
  • Current Sale Price: $820,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 15845
  • Previous Sale Recording Date: Jan 22, 2021
  • Previous Sale Contract Date: Jan 14, 2021
  • Previous Sale Amount: $640,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: NEWFIELD NATIONAL BANK
  • Previous Mortgage Transaction Date: Jan 22, 2021
  • Previous Mortgage Loan Amount: $487,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About West Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7 Landis Avenue located in?
The 7 Landis Avenue is a house located in the neighborhood of Cape May in West Cape May, Cape May.
What is the average sales price for listings in 7 Landis Avenue?
The average sales price for units in 7 Landis Avenue is $650,000 , or $348/sqft. currently.

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