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North Cape May 08204
905 Holmes Avenue
$274,900
● House - Off Market

905 Holmes Avenue

North Cape May, NJ 08204
bedrooms
2 Beds
bathrooms
1 Bath
$275,361
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Simply Beautiful!  Move in ready renovated ranch style home located within 1/2 mile of the pristine Delaware Bay Beaches.  Home has been updated with Luxury Vinyl Tile, White kitchen with stainless steel appliances and laundry hook-up.  You'll love the custom tiled bath and freshly painted floor plan.  Situated on a large lot with a 1.5 car detached garage with plenty of room for kayaks, bikes and beach chairs.  Home is like new with efficient natural gas heat and central air conditioning, Easy to show-  Call Agent for showings.  Seller is a licensed real estate agent in the state of NJ
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$224
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 years ago (CMCMLS #201333)

Price History

Date / Event Date Event Price
Apr 17, 2020 Listed by APEX REALTY, INC. $274,900
Listed by APEX REALTY, INC.
Nov 27, 2019 Sold
Premium
Sold
Nov 12, 2019 Listed by Vineland Realty Corp $136,000
Listed by Vineland Realty Corp
Nice 2 bedroom 1 bath bungalow with a 1 car detached garage located in North Cape May.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,930
  • Lot Size Depth Feet: 700
  • Lot Size Frontage Feet: 990
  • Total Building Area: 620
  • Building Area: 620
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 620
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

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

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: TAX MAP 6.04
  • District: 05
  • Parcel: 05 00606-0000-00006
  • Block: 606
  • Lot: 6
  • Municipality: LOWER TWP
  • Latitude: 38.9788
  • Longitude: -74.9517

    Address

  • Full Address: 905 Holmes Ave
  • Address - House Number: 905
  • Address - Street Name: Holmes
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C011
  • 4-Digit Zip Code: 2813
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $344,228
  • Initial Tax Delinquent Year: 2018

    Appraisal Valuation

  • Standard Deviation: 0.2419
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 428,134
  • High Value: 531,734
  • Low Value: 324,534

    Market Valuation

  • Market Total Value: $264,313
  • Market Land Value: $191,097
  • Market Improvement Value: $73,216

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $172,200
  • Assessed Land Value: $124,500
  • Assessed Improvements Value: $47,700

    Sales

  • Current Sale Contract Date: Jun 05, 2020
  • Current Sale Recording Date: Aug 11, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2020024819
  • Previous Sale Recording Date: Dec 06, 2019
  • Previous Sale Contract Date: Nov 20, 2019
  • Previous Sale Amount: $136,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Cape May

Stats & Trends

Median Asking:

$480,580

Sale Price/ft²

$235

Below Asking

0.04%

Average Days on Market

91

Average Home Size

1496 ft²

Average Home Age

32 years

Currently For Sale

6 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 664 Town Bank Rd, NJ, 08204

$829 /mo

  • 1 Bed
  • 1 Bath
664 Town Bank Rd, NJ, 08204 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 905 Holmes Avenue built and last sold?
The property at 905 Holmes Avenue was built in 1955 and last sold on Jun 5, 2020 for $259,000.
How much is this home worth?
The estimated value of the home located at 905 Holmes Avenue is $0.
What are some comparable homes to 905 Holmes Avenue?
There are currently no comparable homes to 905 Holmes Avenue.
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