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700 Gordon Terrace

700 Gordon Terrace, Cape May, NJ 08204
House in Cape May
Sold Feb 05, 2020
$352,500
$252,500 by Caliber Home Loans Inc
Mortgage Due Feb 05, 2050
Sold Mar 26, 2019
$137,500
700 Gordon Terrace in Cape May, NJ was first built in 1960 and is 64 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. 700 Gordon Terrace has 732 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 650 ft and the linear feet between the front and back of the lot is 1,080. In total, the area measurement of the land is 7,022 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 Jan 31, 2019 for $352,500. That's $481.56 per sqft. Prior to that sales transaction, the property was also sold in Mar 22, 2019 for $137,500. 700 Gordon Terrace was last assessed in 2023. The total value of the property was assessed at $256,100. Specifically, the land the property is located on was valued at $116,500. While improvements on the property were assessed at a total of $139,600. 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 $5,119. The initial tax year of delinquency was in 2017. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,022
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 650
  • Total Building Area: 732
  • Building Area: 732
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 732
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.161
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : MCCARTHY JOHN A
  • Current Owner 2: MCCARTHY CAROL A
  • Previous Owner : 101 BRIARWOOD AVENUE LLC
  • Owner Before Previous Owner: BLAKELEY ELIZABETH D EST

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021806

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 6.07
  • District: 05
  • Parcel: 05 00608-0000-00006
  • Block: 608
  • Lot: 6
  • Municipality: LOWER TWP
  • Latitude: 38.9817
  • Longitude: -74.9489

    Address

  • Full Address: 700 Gordon Ter
  • Address - House Number: 700
  • Address - Street Name: Gordon
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C011
  • 4-Digit Zip Code: 3014
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,119
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2569
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 546,228
  • High Value: 686,447
  • Low Value: 406,008

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $252,500
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Feb 05, 2020
  • First Open Lien Mortgage Loan Amount: $252,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Feb 05, 2050

    Market Valuation

  • Market Total Value: $393,093
  • Market Land Value: $178,818
  • Market Improvement Value: $214,275

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $256,100
  • Assessed Land Value: $116,500
  • Assessed Improvements Value: $139,600

    Sales

  • Current Sale Contract Date: Jan 31, 2019
  • Current Sale Recording Date: Feb 05, 2020
  • Current Sale Transaction ID: 11735283153
  • Current Sale Price: $352,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020003870
  • Previous Sale Recording Date: Mar 26, 2019
  • Previous Sale Contract Date: Mar 22, 2019
  • Previous Sale Amount: $137,500
  • Previous Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Feb 05, 2020
  • First Mortgage Loan Amount: $252,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About North Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 700 Gordon Terrace located in?
The 700 Gordon Terrace is a house located in the neighborhood of Cape May in North Cape May, Cape May.
What is the average sales price for listings in 700 Gordon Terrace?
The average sales price for units in 700 Gordon Terrace is $359,000 , or $239/sqft. currently.

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