This hidden gem in the quiet heart of Cape May City is situated just 3 blocks from the ocean beaches and only one block from the prized dining and shopping venues on the Washington Street Mall. You are only one-half block away from the local supermarket. Just park your car in your assigned space and walk to all the attractions and activities that you enjoy. This unique, two-story condo is fully updated with the current owner replacing the HVAC system in the past 5 years. Condo association just repaired the wood and painted the entire exterior in 2022. The condo fees are used for maintenance and insurance for the exterior of the building. The ground floor of Unit #1 has a welcoming living room, dining area, a full kitchen with bar seating, and a powder room. Ascend the spiral staircase to the spacious bedroom, full bathroom, and walk-in closet. This condo has a good rental history with some short-term leases in place for the 2023 year. This unit is ready for occupancy and enjoyment! The condo association has one other residential unit and a commercial retail store as members.
Sold for $540,000
$540,000
523 Lafayette St #1, Cape May, NJ 08204
1beds
750sqft
Townhouse
Built in 1930
-- sqft lot
$641,900 Zestimate®
$720/sqft
$2,258 Estimated rent
Home value
$641,900
$603,000 - $687,000
$2,258/mo
Zestimate® history
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Hvac systemShopping venuesPowder roomSpacious bedroomFull kitchenBar seating
Zillow last checked:
Listing updated:
Listed by:
Edward Mahaney Jr 609-425-1774,
COASTLINE REALTY, LLC
Bought with:
Deanna Fernandez
LONG & FOSTER REAL ESTATE, INC cm
Source: CMCAOR,MLS#: 230881
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- Partial bathrooms: 1
Rooms
- Room types: Living Room, Kitchen, Dining Area
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher, Gas Water Heater
- Laundry: Laundry Room
Features
- Walk-In/Cedar Closet
- Furnished: Yes
- Common walls with other units/homes: End Unit
Interior area
- Total interior livable area: 750 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Car, Assigned, Stone Driveway
- Has uncovered spaces: Yes
Features
- Levels: Two
Lot
- Features: Corner Lot
Details
- Parcel number: 02010530000000110000C1
- Zoning: C-1
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Security: Smoke Detector(s)
HOA
- Has HOA: Yes
- HOA fee: $500 quarterly
Location
- Region: Cape May
Financial & listing details
- Price per square foot: $720/sqft
- Tax assessed value: $276,700
- Annual tax amount: $2,855
- Date on market: 4/6/2023
- Date available: 04/07/2023
- Listing terms: Conventional
- Inclusions: Furniture
Price history
| Date | Event | Price |
|---|---|---|
| 12/18/2023 | Sold | $540,000-6.1%$720/sqft |
Source:  CMCAOR #230881 Report a problem | ||
| 10/28/2023 | Contingent | $575,000$767/sqft |
Source: CMCAOR #230881 Report a problem | ||
| 9/26/2023 | Price change | $575,000-2.5%$767/sqft |
Source: CMCAOR #230881 Report a problem | ||
| 6/23/2023 | Price change | $590,000-0.8%$787/sqft |
Source: CMCAOR #230881 Report a problem | ||
| 4/6/2023 | Listed for sale | $595,000-4.8%$793/sqft |
Source: CMCAOR #230881 Report a problem | ||
| 3/2/2023 | Listing removed | -- |
Source: CMCAOR #223076 Report a problem | ||
| 9/29/2022 | Listed for sale | $625,000+107.3%$833/sqft |
Source: CMCAOR #223076 Report a problem | ||
| 9/8/2017 | Sold | $301,500-5.5%$402/sqft |
Source: Public Record Report a problem | ||
| 7/3/2017 | Pending sale | $319,000$425/sqft |
Source: Chris Clemans Sotheby's International Realty #176638 Report a problem | ||
| 6/5/2017 | Listed for sale | $319,000+2.9%$425/sqft |
Source: CHRIS CLEMANS SOTHEBY'S INTERNATIONAL REALTY #176638 Report a problem | ||
| 2/25/2008 | Sold | $310,000+72.2%$413/sqft |
Source: Public Record Report a problem | ||
| 7/25/2002 | Sold | $180,000+101.6%$240/sqft |
Source: Public Record Report a problem | ||
| 1/5/1996 | Sold | $89,300$119/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,925 | $276,700 |
| 2024 | $2,925 -1.6% | $276,700 |
| 2023 | $2,972 +5.5% | $276,700 |
| 2022 | $2,817 +4.9% | $276,700 |
| 2021 | $2,684 -1.7% | $276,700 |
| 2020 | $2,731 +6% | $276,700 |
| 2019 | $2,576 +6.6% | $276,700 |
| 2018 | $2,416 +6.2% | $276,700 +1.2% |
| 2017 | $2,274 -3.8% | $273,300 |
| 2016 | $2,364 | $273,300 |
| 2015 | $2,364 +3.2% | $273,300 |
| 2014 | $2,290 +6.9% | $273,300 |
| 2012 | $2,143 +5.9% | $273,300 |
| 2011 | $2,022 +13.3% | $273,300 |
| 2010 | $1,785 +2.4% | $273,300 +30.6% |
| 2009 | $1,743 +8.2% | $209,300 |
| 2008 | $1,612 | $209,300 |
| 2007 | $1,612 | $209,300 |
| 2006 | -- | $209,300 |
| 2005 | -- | $209,300 |
| 2004 | $1,591 | $209,300 |
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: 0.4 mi
- 4/10Richard M Teitelman SchoolGrades: 7-8Distance: 3.1 mi
- 5/10Lower Cape May Regional High SchoolGrades: 9-12Distance: 3.1 mi
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Estimated market value
$641,900
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Estimated market value
$641,900
- New Jersey
- Cape May County
- Cape May
- 08204
- 523 Lafayette St Unit 1
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