See Home Value
$391,000
House - Off Market

706 WAYNE AVE

CAPE MAY, NJ 08204
bedrooms
3 Beds
bathrooms
1 Bath
square feet
792 Sqft
$391,708
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

**Open House this Sunday March 12 from 12-2pm!  

On the way to Cape May.....do not miss the opportunity to purchase this 3 bedroom, 1 bathroom beach bungalow for your summer getaway destination for years to come!  This house was well loved by the same family for over 40 years!  There is plenty of storage space to put away your suitcases and settle in for relaxation. This home is situated on a wide, quiet street with a long driveway fitting 3-4  cars with a detached garage!  Both the front and back yards are fenced-in making it convenient for children and pets alike.  This property offers quite the location. You can walk 8 blocks to the beach, catch the Cape May-Lewes Ferry 3 blocks away, or be strolling downtown Cape May's award winning shops/restaurants in under 10 minutes!  An added bonus is the community pool that offers affordable daily rates to beat that summer heat!  Whether you keep it all to yourself or looking for your next VRBO/Airbnb investment property with tremendous upside, this home is for you!   Schedule your showing today!
Unit Size
792Ft²
Days on Market
35 days
Land Size
0.18 acres
Price per sqft
$486
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1957
Last updated: 2 years ago (Bright MLS #NJCM2001826)

Price History

Date / Event Date Event Price
Apr 18, 2023 Sold to Christopher Clark $391,000
Sold to Christopher Clark
Mar 18, 2023 In contract -
In contract
Mar 10, 2023 Listed by Keller Williams Real Estate-Blue Bell $385,000
Listed by Keller Williams Real Estate-Blue Bell

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,749
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 620
  • Total Building Area: 792
  • Building Area: 792
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : CLARK CHRISTOPHER
  • Previous Owner : LINN GEORGE R
  • Vacant Flag Date: Jul 31, 2023

Neighborhood

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

Geography

  • Assessors Map Reference: TAX MAP 6.04
  • District: 05
  • Parcel: 05 00681-0000-00018
  • Block: 681
  • Lot: 18
  • Municipality: LOWER TWP
  • Latitude: 38.9748
  • Longitude: -74.9537

    Address

  • Full Address: 706 Wayne Ave
  • Address - House Number: 706
  • Address - Street Name: Wayne
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C011
  • 4-Digit Zip Code: 1814
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,292

    Appraisal Valuation

  • Standard Deviation: 0.2216
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 405,594
  • High Value: 495,482
  • Low Value: 315,705

    Market Valuation

  • Market Total Value: $252,801
  • Market Land Value: $180,046
  • Market Improvement Value: $72,755

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,700
  • Assessed Land Value: $117,300
  • Assessed Improvements Value: $47,400

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Apr 07, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Transaction ID: 11905778657
  • Current Sale Price: $391,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 8338



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
-
$350,000 May 27, 2022
$350,000 Jul 8, 2022
-
House
3 Beds
2 Baths
-
$500,000 Sep 19, 2021
$500,000 Oct 27, 2021
-
House
2 Beds
1 Bath
-
$380,000 May 3, 2022
$380,000 Nov 10, 2022
-
House
3 Beds
3 Baths
-
$449,900 Mar 13, 2023
-
-
House
3 Beds
1 Bath
-
$349,900 Nov 18, 2022
-
-
House
2 Beds
1 Bath
-
$350,000 Nov 11, 2022
-
-
House
2 Beds
1 Bath
-
$424,900 Jan 6, 2023
-
-

About North Cape May


Similar Homes for Sale

Unit for sale at 52 Croydon Drive, North Cape May, NJ 08204

$424,900

  • 2 Beds
  • 1 Bath
52 Croydon Drive, North Cape May, NJ 08204 Listing by Stephanie Coffey
Unit for sale at 4 Cherry Hill Road, North Cape May, NJ 08204

$349,900

  • 3 Beds
  • 1 Bath
4 Cherry Hill Road, North Cape May, NJ 08204 Listing by Jessica L. Lees

Nearby Rentals



Frequently Asked Questions

When was property at 706 Wayne Avenue built and last sold?
The property at 706 Wayne Avenue was built in 1957 and last sold on Apr 7, 2023 for $391,000.
How much is this home worth?
The estimated value of the home located at 706 Wayne Avenue is $388,604.
What are some comparable homes to 706 Wayne Avenue?
There are currently no comparable homes to 706 Wayne Avenue.

Quantcast