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907 Farmdale Drive

907 Farmdale Drive, Cape May, NJ 08204
Property in Cape May
Sold Feb 15, 2018
$535,000
$286,800 by Quicken Loans Inc
Mortgage Due Jan 01, 2051
Sold Aug 15, 1994
$177,750
$124,000 by Crossland Mtg Corp
Mortgage
907 Farmdale Drive has been categorized by the local assessors in Cape May, NJ as a residential type of property. The building on the property was first built in 1994 and is 30 years old. The building has a total of 2 stories. In addition, 907 Farmdale Drive has 1,687 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,501 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there are a total of 2 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the 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, 907 Farmdale Drive sold most recently in Feb 9, 2018 for a total of $535,000. If you work out the math, that's approximately a cost of $317.13 per sqft. Before that, the property was also sold for $177,750 in Aug 1, 1994. 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 $7,704 in taxes each year. 907 Farmdale Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $506,500. If we break it down further, the land itself was valued at $275,600. Improvements to the property, however, were assessed at a total of $230,900. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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: 1994
  • Effective Year Built: 1994
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,687
  • Building Area: 1,687
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,687
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : FALK PETER J
  • Current Owner 2: FALK CAROLE A
  • Previous Owner : BOEGLY MARLENE R
  • Owner Before Previous Owner: STICKLE CLYDE E
  • Owner Generation Identifier: JR

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 5
  • District: 12
  • Parcel: 12 00055-0000-00001- 06
  • Block: 55
  • Lot: 1.06
  • Municipality: WEST CAPE MAY BORO
  • Latitude: 38.9447
  • Longitude: -74.93

    Address

  • Full Address: 907 Farmdale Dr
  • Address - House Number: 907
  • Address - Street Name: Farmdale
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Cape May
  • Carrier Code: R024
  • 4-Digit Zip Code: 1143
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,704

    Appraisal Valuation

  • Standard Deviation: 0.2544
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,096,285
  • High Value: 1,375,251
  • Low Value: 817,319

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $286,800
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: Dec 29, 2020
  • First Open Lien Mortgage Loan Amount: $286,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051

    Market Valuation

  • Market Total Value: $877,664
  • Market Land Value: $477,560
  • Market Improvement Value: $400,104

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $506,500
  • Assessed Land Value: $275,600
  • Assessed Improvements Value: $230,900

    Sales

  • Current Sale Contract Date: Feb 09, 2018
  • Current Sale Recording Date: Feb 15, 2018
  • Current Sale Transaction ID: 11434908953
  • Current Sale Price: $535,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2018045407
  • Previous Sale Recording Date: Aug 15, 1994
  • Previous Sale Contract Date: Aug 01, 1994
  • Previous Sale Amount: $177,750
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: INVESTORS HOME MORTGAGE
  • First Mortgage Transaction Date: Feb 15, 2018
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 298
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Jan 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: CROSSLAND MTG CORP
  • Previous Mortgage Transaction Date: Aug 15, 1994
  • Previous Mortgage Loan Amount: $124,000
  • Previous Mortgage Term: 360

About West Cape May



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Frequently Asked Questions

What neighborhood is 907 Farmdale Drive located in?
The 907 Farmdale Drive is a located in the neighborhood of Cape May in West Cape May, Cape May.
What is the average sales price for listings in 907 Farmdale Drive?
The average sales price for units in 907 Farmdale Drive is $0 currently.

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