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Off market
  • $2,315,200

    1240 Washington St #1, Cape May, NJ 08204

    5beds
    3,465sqft
    SingleFamily
    Built in 1924
    6,250 Square Feet Lot
    $2,315,200 Zestimate®
    $668/sqft
    $4,609 Estimated rent

    Home value

    $2,315,200

    $1.97M - $2.73M

    $4,609/mo

    Zestimate® history
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    What's special

    Historic 1924, Dutch Colonial, Cedar Shake, Cape May Cottage on tree lined Washington Street near the Physick Estate, center city, shops and restaurants. The present owners live on the first floor offering a spacious enclosed front porch, large open living room, dining room, den, office, laundry two bedrooms, one and a half baths and a beautiful kitchen to delight any cook. Add to that a full basement with woodworking shop, storage and both an inside and outside entrance. Central air, gas radiator heat, seller owned solar panels, off street parking for five cars and storage, gardening shed and raised bed garden in the back yard. Upstairs you will find two apartments rented year round until recently, one with one bedroom, large windowed living room, kitchen with dining area and full bath with washer, dryer and window a/c. The rear apartment offers 2 bedrooms, one bath, living room, dining room with wet bar and recently renovated kitchen with window a/c. Possibilities abound to return to original single family home or use apartments for a great investment property. There is a walk up full floored attic for expansion or storage. Condominium documents are in place with 1238 Washington. There are no condo fees, just shared driveway and liability & structures insurance. This is a unique condominium unit. Documents permit it to convert to 2 or 3 units without further approvals. Insurance and driveway maintenance are only condo expenses. Shown by appointment.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Range / Oven, Refrigerator, Washer
    Features
    • Wood Flooring, Wall to Wall Carpet, Tile Flooring, Bar
    • Flooring: Tile, Hardwood
    • Basement: Outside Entrance, Masonry Floors/Wall, Full, Inside Entrance
    Interior area
    • Total interior livable area: 3,465 sqft

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 6,250 Square Feet
    Details
    • Parcel number: 02011280000000240000C1

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    Condition
    • Year built: 1924

    Utilities & green energy

    • Sewer: City

    Community & HOA

    Location
    • Region: Cape May

    Financial & listing details

    • Price per square foot: $668/sqft
    • Tax assessed value: $702,400
    • Annual tax amount: $7,424

    Price history

    DateEventPrice
    8/24/2020Listing removed$889,900$257/sqft
    Source: CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY #201133 Report a problem
    7/23/2020Pending sale$889,900$257/sqft
    Source: CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY #201133 Report a problem
    3/16/2020Listed for sale$889,900+104.6%$257/sqft
    Source: CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY #201133 Report a problem
    10/4/2004Sold$435,000$126/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,424 $702,400
    2024$7,424 -1.6%$702,400
    2023$7,544 +5.5%$702,400
    2022$7,150 +4.9%$702,400
    2021$6,813 -1.7%$702,400
    2020$6,933 +6%$702,400
    2019$6,539 +5.3%$702,400
    2018$6,209 +6.3%$702,400
    2017$5,844 -3.8%$702,400
    2016$6,076 $702,400
    2015$6,076 +3.2%$702,400
    2014$5,886 +1.3%$702,400
    2013$5,809 +5.5%$702,400
    2012$5,507 +5.9%$702,400
    2011$5,198 +9.5%$702,400
    2010$4,748 +2.4%$702,400 +26.2%
    2009$4,636 +8.2%$556,600
    2008$4,286 +4.4%$556,600
    2007$4,105 $556,600 +4.4%
    2006-- $533,100
    2005-- $533,100
    2004-- $533,100 +112.5%
    2003-- $250,900
    2002-- $250,900
    2001-- $250,900
    Find assessor info on the county website

    Neighborhood: 08204

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $2,315,200
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,315,200