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Off market
  • $3,686,500

    1605-1607 New Jersey Ave, Cape May, NJ 08204

    7beds
    2,995sqft
    SingleFamily
    Built in 1915
    0.34 Acres Lot
    $3,686,500 Zestimate®
    $1,231/sqft
    $5,066 Estimated rent

    Home value

    $3,686,500

    $3.21M - $4.28M

    $5,066/mo

    Zestimate® history
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    $5,066/mo

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    Rent Zestimate®

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    $23,315/mo

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    $23,315/mo

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    What's special

    One Block to the Beach with Ocean Views! This beautiful and classic Cape May home is located in the desirable east end of town and sits on a very large 15,000 square foot parcel that measures 120 x 125. The property is well cared for and was newly renovated in 2007. The large covered front porch and the second floor porch are perfect places to relax while enjoying sea breezes and ocean views. The first floor features a spacious living room with hardwood floors and a gas fireplace. The dining room has large windows with plenty of room for a generous size table. The lovely hardwood floors continue into the dining room and are throughout many of the rooms. The eat-in kitchen has tile floors, quality wooden cabinets and modern appliances. Off the kitchen is a large laundry room with a half bath. The second floor has 4 bedrooms and a hall bath with tile floors. The master bedroom has a king size bed and access to the second floor porch with ocean views. The front guest bedroom also has access to the second floor porch with ocean views. There are two additional bedrooms on the second floor. The third floor features a dorm style bedroom that allows for multiple sleeping areas as well as a place to gather and play games or watch TV. There are 2 additional bedrooms on the third floor and a hall bathroom with tile floors. Home has central air-conditioning throughout, ceiling fans and natural gas heat. There is plenty of outdoor space with a large side yard, nice backyard and outside showers. Driveway leads to a detached one car garage. The lawn is lush and manicured with mature gardens. The parcel is made up of lots 15,16,17, 18.01. Current lot coverage comprises 18.7% and zoning allows for 30% coverage, which leaves ample room for the new owner to explore adding a pool and/or an addition. House and garage sit on lot 16, subdividing off lots 17 and 18.01 to create a 60 x 120 lot would require a variance and is something the new owner could explore. There is a strong rental history with top weeks renting for $7250.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Fireplace- Gas, Wood Flooring, Wall to Wall Carpet, Smoke/Fire Alarm
    • Flooring: Hardwood
    • Basement: Outside Entrance, Partial, Inside Entrance
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,995 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Detached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 0201186000000015

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    Condition
    • Year built: 1915

    Utilities & green energy

    • Sewer: City

    Community & HOA

    Location
    • Region: Cape May

    Financial & listing details

    • Price per square foot: $1,231/sqft
    • Tax assessed value: $1,774,200
    • Annual tax amount: $18,753

    Price history

    DateEventPrice
    9/6/2019Sold$1,700,000-5.3%$568/sqft
    Source: Agent Provided Report a problem
    8/26/2019Pending sale$1,795,000$599/sqft
    Source: LONG & FOSTER REAL ESTATE, INC cm #186475 Report a problem
    7/4/2019Price change$1,795,000-5.3%$599/sqft
    Source: LONG & FOSTER REAL ESTATE, INC cm #186475 Report a problem
    3/3/2019Listed for sale$1,895,000-9.5%$633/sqft
    Source: LONG & FOSTER REAL ESTATE, INC cm #186475 Report a problem
    1/1/2019Listing removed$2,095,000$699/sqft
    Source: LONG & FOSTER REAL ESTATE, INC cm #182811 Report a problem
    7/7/2018Listed for sale$2,095,000+1296.7%$699/sqft
    Source: LONG & FOSTER REAL ESTATE, INC cm #182811 Report a problem
    1/27/1998Sold$150,000$50/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$18,753 $1,774,200
    2024$18,753 +27.6%$1,774,200 +29.6%
    2023$14,699 +5.5%$1,368,600
    2022$13,932 +4.9%$1,368,600
    2021$13,275 -1.7%$1,368,600
    2020$13,508 +6%$1,368,600
    2019$12,742 $1,368,600
    2018$12,742 +11.9%$1,368,600
    2017$11,387 -3.8%$1,368,600
    2016$11,838 $1,368,600
    2015$11,838 +3.2%$1,368,600
    2014$11,469 +6.9%$1,368,600
    2012$10,730 +5.9%$1,368,600
    2011$10,128 +12.2%$1,368,600
    2010$9,027 +2.4%$1,368,600 +29.3%
    2009$8,816 +8.2%$1,058,300
    2008$8,149 +0.7%$1,058,300 +0.7%
    2007$8,090 $1,050,700
    2006-- $1,050,700
    2005-- $1,050,700
    2004$7,985 $1,050,700 +170.9%
    2003-- $387,800
    2002-- $387,800
    2001-- $387,800
    Find assessor info on the county website

    Neighborhood: 08204

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,686,500
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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
    $3,686,500