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Off market
  • $371,000

    501 Beach Ave #604, Cape May, NJ 08204

    1beds
    380sqft
    Condo
    Built in 2008
    -- sqft lot
    $371,000 Zestimate®
    $976/sqft
    $1,982 Estimated rent

    Home value

    $371,000

    $334,000 - $408,000

    $1,982/mo

    Zestimate® history
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    $2,841/mo

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    $2,841/mo

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    What's special

    ***Rooms on the 6th floor "only" that are listed for sale will have the condo, association mortgage, capital improvements fees waived for one year if under contract prior to December 31st, 2015.*** What a fantastic fully managed investment with stunning views of the beach and ocean. Penthouse suite with oversized balcony, 1 bedroom with a king bed, 1 bathroom, Kitchenette, living room and central air and heating. Designed with a high ceiling, this suite has two double beds in the bedroom, with a flat screen LCD TV. A door provides a privacy barrier to the rest of the suite. Private bath has Travertine marble flooring. The kitchenette is equipped with an under-counter refrigerator, stainless steel appliances, maple cabinets, and granite countertops. The open-air cathedral ceiling living room is furnished with a queen sofa bed, and a 42" LCD flat screen TV with Bose surround sound and DVD player. Attached is a private ocean front balcony, 69 s.f. with Anderson doors and windows. You will also feel at home in your room with the beautiful area rugs and hardwood floors. Owners have an unlimited ability to use their units between January 1st and June 14th and again between October 1'' and December 31st at a $0 rate. Housekeeping fees are charged to the owner's unit account for each night the owner utilizes his or her unit. Owners have 14 allowable days between June 15th and September 30th to utilize their units at a $0 rate. Perfect for a 1031 exchange. Financing available, 30% down, as an investment to qualified buyers.

    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: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Microwave, Range / Oven, Refrigerator
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 380 sqft

    Property

    Parking
    • Total spaces: 1
    Features
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 0.58 Acres
    Details
    • Parcel number: 02010470000000010000C604

    Construction

    Type & style
    • Home type: Condo
    Materials
    • Roof: Other
    Condition
    • Year built: 2008

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $462 monthly
    Location
    • Region: Cape May

    Financial & listing details

    • Price per square foot: $976/sqft
    • Tax assessed value: $134,500
    • Annual tax amount: $1,422

    Price history

    DateEventPrice
    1/1/2016Listing removed$229,000$603/sqft
    Source: COASTLINE REALTY, LLC #156528 Report a problem
    9/8/2015Price change$229,000-8.4%$603/sqft
    Source: COASTLINE REALTY, LLC #156528 Report a problem
    6/19/2015Listed for sale$250,000$658/sqft
    Source: COASTLINE REALTY, LLC #156528 Report a problem
    4/9/2015Listing removed$250,000$658/sqft
    Source: Coastline Realty, LLC #156528 Report a problem
    7/22/2014Listed for sale$250,000$658/sqft
    Source: Coastline Realty, LLC #156528 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,422 $134,500
    2024$1,422 -1.6%$134,500
    2023$1,445 +5.5%$134,500
    2022$1,369 +4.9%$134,500
    2021$1,305 -50.1%$134,500
    2020$2,614 +6%$134,500 -49.2%
    2019$2,465 +5.3%$264,800
    2018$2,341 +6.2%$264,800
    2017$2,203 -3.8%$264,800
    2016$2,291 $264,800
    2015$2,291 +3.2%$264,800
    2014$2,219 $264,800
    Find assessor info on the county website

    Neighborhood: 08204

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $371,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $371,000