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Off market
  • $1,948,500

    500-502 Broadway, Cape May, NJ 08204

    5beds
    3baths
    2,744sqft
    SingleFamily
    Built in 1906
    7,744 Square Feet Lot
    $1,948,500 Zestimate®
    $710/sqft
    $4,699 Estimated rent

    Home value

    $1,948,500

    $1.68M - $2.28M

    $4,699/mo

    Zestimate® history
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    Owner options

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    $4,699/mo

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    Rent Zestimate®

    Refinance and save

    $12,305/mo

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    $12,305/mo

    Est. payment

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    What's special

    Victorian Style property, a design originating between 1870 to 1910, showcases a square, symmetrical architecture with creative ornamental design, complete with wrap around porches, spindles and gingerbread trim. A very unique property with plenty of old world charm and curb appeal. Property features original refurbished hardwood floors, chestnut banisters and two staircases. Formal living and dining rooms and front sitting room are indicative of Victorian living complete with pocket doors and a mirrored oak mantle gas fireplace. Incorporating original elements with modern amenities of the 21st century makes this property a one of a kind in distinction. Possibilities abound in this special property. In its present state this grand property house two separate licensed units. Both are turnkey, being sold fully furnished with previous great rental history. First is a three bedroom, 2 bath apartment with several private entrances, a rear screened enclosed porch overlooking beautiful gardens and a ponded waterfall. A modern eat in kitchen with additional over the sink counter type seating and laundry room extenuate. Living room, dining and all rooms tastefully decorated. The other unit is a two bedroom, one bath apartment with private entrances, living room, modern kitchen and laundry facility. Great investment property! Can easily be rented as a whole house with five bedrooms for large parties while guests enjoy the annual Christmas Parade from the front porch. Off street parking for four cars is in the rear of the property with ample room for later addition of an outbuilding or garage. Zoned commercial making the possibility of operating a bed and breakfast establishment or converting property into condos. Located on a highly visible corner property the traveled road leads to all beaches and many fine restaurants and other amenities.

    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
    Heating
    • Gas
    Cooling
    • Other
    Appliances
    • Included: Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Interior area
    • Total interior livable area: 2,744 sqft

    Property

    Parking
    • Total spaces: 4
    Features
    • Exterior features: Wood
    Lot
    • Size: 7,744 Square Feet
    Details
    • Parcel number: 1200053000000005

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 1906

    Community & HOA

    Location
    • Region: Cape May

    Financial & listing details

    • Price per square foot: $710/sqft
    • Tax assessed value: $551,300
    • Annual tax amount: $8,292

    Price history

    DateEventPrice
    12/27/2016Sold$475,000-20.7%$173/sqft
    Source: Agent Provided Report a problem
    7/23/2016Price change$599,000-5.7%$218/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    9/16/2015Price change$635,000-3.8%$231/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    7/5/2015Price change$660,000-2.2%$241/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    2/25/2015Price change$675,000-1.5%$246/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    2/21/2015Price change$685,000+1.5%$250/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    12/16/2014Price change$675,000-3.4%$246/sqft
    Source: RE/MAX At the Shore #172214 Report a problem
    6/20/2014Listed for sale$699,000-4.1%$255/sqft
    Source: RE/MAX At The Shore #158577 Report a problem
    4/14/2014Listing removed$729,000$266/sqft
    Source: Bowman Walker Real Estate, Inc #154346 Report a problem
    10/10/2013Price change$729,000-1.8%$266/sqft
    Source: Bowman Walker Real Estate, Inc #154346 Report a problem
    3/20/2013Listed for sale$742,500+324.3%$271/sqft
    Source: Bowman Walker Real Estate, Inc #150734 Report a problem
    7/5/1996Sold$175,000$64/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,292 $551,300
    2024$8,292 -1.1%$551,300
    2023$8,385 +18.8%$551,300
    2022$7,057 -3%$551,300
    2021$7,272 +5.2%$551,300
    2020$6,913 +30.7%$551,300
    2019$5,290 $551,300
    2018$5,290 -21.5%$551,300
    2017$6,737 +6.4%$551,300
    2016$6,334 $551,300
    2015$6,334 +7.7%$551,300
    2014$5,882 -8.8%$551,300
    2012$6,450 -3.3%$551,300
    2011$6,668 +1.2%$551,300 -18.1%
    2010$6,588 +3.6%$672,900
    2009$6,359 +5%$672,900
    2008$6,056 +10.8%$672,900
    2007$5,463 $672,900 +62.6%
    2006-- $413,900
    2005-- $413,900
    2004$4,470 $413,900 +73%
    2003-- $239,200
    2002-- $239,200
    2001-- $239,200
    Find assessor info on the county website

    Neighborhood: West Cape May

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,948,500
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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
    $1,948,500