Available is a rare opportunity to acquire a substantially oversized residential building lot located just 2 blocks to the beach in Historic Cape May. The 107x125 lot would accommodate a home of up to approximately 5,350 square feet of living space and enough lot coverage to deliver all the additional features sought after today such as a garage, pool, cabana and more. The property also offers the potential of an ocean view to the south if designed to take advantage of it. Call today for additional information or to schedule an appointment to walk the property.
Sold for $2,450,000
$2,450,000
1040 New York Ave, Cape May, NJ 08204
--beds
--baths
0.31Acres
Unimproved Land
Built in ----
0.31 Acres Lot
$-- Zestimate®
$--/sqft
$2,600 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,600/mo
Zestimate® history
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$12,583/mo
Est. payment
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$12,583/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Brian Groetsch, Jr 609-972-6339,
RE/MAX SURFSIDE,
Christine Rothwell,GRI,ABR,CRS,
RE/MAX SURFSIDE
Bought with:
Gail Wilsey-Morrison, CRS, ABR, SRES, 9807643
LONG & FOSTER REAL ESTATE, INC cm
Source: CMCAOR,MLS#: 243078
Facts & features
Property
Features
- Frontage length: 107
Lot
- Size: 0.31 Acres
- Dimensions: 107 x 125
- Features: Interior Lot, Level, Curb, Sidewalk
Details
- Parcel number: 0201102000000023
- Zoning: R-2
- Zoning description: Residential
Utilities & green energy
- Electric: Electric Improvements
- Gas: Gas Improvements
- Sewer: Sewer Improvements
- Water: Water Improvements
- Utilities for property: Natural Gas Available, Electricity Available, Water Available, Sewer Available
Community & HOA
Location
- Region: Cape May
Financial & listing details
- Tax assessed value: $645,500
- Annual tax amount: $7,346
- Price range: $2.5M - $2.5M
- Date on market: 10/14/2024
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/27/2024 | Sold | $2,450,000 |
Source:  CMCAOR #243078 Report a problem | ||
| 10/25/2024 | Contingent | $2,450,000 |
Source: CMCAOR #243078 Report a problem | ||
| 10/14/2024 | Listed for sale | $2,450,000 |
Source: CMCAOR #243078 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,823 -7.1% | $645,500 -7.1% |
| 2024 | $7,346 -1.6% | $695,000 |
| 2023 | $7,464 +5.5% | $695,000 |
| 2022 | $7,075 +4.9% | $695,000 |
| 2021 | $6,742 -1.7% | $695,000 |
| 2020 | $6,860 +6% | $695,000 |
| 2019 | $6,470 | $695,000 |
| 2018 | $6,470 +11.9% | $695,000 |
| 2017 | $5,782 -3.8% | $695,000 |
| 2016 | $6,012 | $695,000 |
| 2015 | $6,012 +3.2% | $695,000 |
| 2014 | $5,824 +6.9% | $695,000 |
| 2012 | $5,449 +5.9% | $695,000 |
| 2011 | $5,143 -5.6% | $695,000 -5.9% |
| 2010 | $5,450 +2.4% | $738,700 +15.6% |
| 2009 | $5,322 +8.2% | $638,900 |
| 2008 | $4,920 | $638,900 |
| 2007 | $4,920 | $638,900 |
| 2006 | -- | $638,900 |
| 2005 | -- | $638,900 |
| 2004 | $4,856 | $638,900 +187.9% |
| 2003 | -- | $221,900 |
| 2002 | -- | $221,900 |
| 2001 | -- | $221,900 |
Find assessor info on the county website
Neighborhood: 08204
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Nearby schools
GreatSchools rating
- 8/10Cape May City Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 4/10Richard M Teitelman SchoolGrades: 7-8Distance: 3 mi
- 5/10Lower Cape May Regional High SchoolGrades: 9-12Distance: 3 mi
- New Jersey
- Cape May County
- Cape May
- 08204
- 1040 New York Ave
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