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1023 Maryland Avenue

1023 Maryland Avenue, Cape May, NJ 08204
Property in Cape May
Sold Jul 30, 2014
$900,000
$650,000 by Citibank Na
Mortgage Due Aug 01, 2044
Sold Nov 10, 2004
$1,175,000
$822,500 by Bank Of America Na
Mortgage Due Nov 01, 2034
Local assessors in Cape May, NJ have categorized 1023 Maryland Avenue as a residential type of property. The home was built in 1915 and is 109 years old. The property's lot size has been calculated to be 6,251 square feet. The linear feet between the front and back of the lot was measured at 1,250 ft and the front of the lot was measured at 500 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1023 Maryland Avenue has a total of 2,186 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Jul 10, 2014 for $900,000. That's $411.71 per sqft. Prior to that sales transaction, the property was also sold in Oct 23, 2004 for $1,175,000. 1023 Maryland Avenue was last assessed in 2023. The total value of the property was assessed at $774,800. Specifically, the land the property is located on was valued at $550,000. While improvements on the property were assessed at a total of $224,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,321. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,251
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,186
  • Building Area: 2,186
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,186
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.144
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: L46

Ownership

  • Current Owner : SANDERS JANICE
  • Current Owner 2: SANDERS THOMAS
  • Previous Owner : STARK RICHARD C
  • Previous Owner 2: STARK GRETCHEN E
  • Owner Before Previous Owner: MILLER DOUGLAS FRANCIS
  • Owner Before Previous Owner 2: MILLER DANA WELCH

Neighborhood

  • School District Name: Cape May City School District
  • Census Tract: 022000

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 28
  • Account Number: 1929
  • District: 02
  • Parcel: 02 01104-0000-00045
  • Block: 1104
  • Lot: 45
  • Municipality: CAPE MAY CITY
  • Latitude: 38.9348
  • Longitude: -74.9114

    Address

  • Full Address: 1023 Maryland Ave
  • Address - House Number: 1023
  • Address - Street Name: Maryland
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C008
  • 4-Digit Zip Code: 2525
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,321

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,610,484
  • High Value: 2,023,468
  • Low Value: 1,197,499

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $650,000
  • First Open Lien Mortgage Lender: CITIBANK NA
  • First Open Lien Mortgage Recording Date: Jul 30, 2014
  • First Open Lien Mortgage Loan Amount: $650,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2044

    Market Valuation

  • Market Total Value: $1,150,579
  • Market Land Value: $816,751
  • Market Improvement Value: $333,828

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $774,800
  • Assessed Land Value: $550,000
  • Assessed Improvements Value: $224,800

    Sales

  • Current Sale Contract Date: Jul 10, 2014
  • Current Sale Recording Date: Jul 30, 2014
  • Current Sale Transaction ID: 1191774677
  • Current Sale Price: $900,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0058
  • Previous Sale Recording Date: Nov 10, 2004
  • Previous Sale Contract Date: Oct 23, 2004
  • Previous Sale Amount: $1,175,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CITIBANK NA
  • First Mortgage Transaction Date: Jul 30, 2014
  • First Mortgage Loan Amount: $650,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Nov 10, 2004
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $822,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Nov 01, 2034

About Cape May



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1023 Maryland Avenue located in?
The 1023 Maryland Avenue is a located in the neighborhood of Cape May in Cape May, Cape May.
What is the average sales price for listings in 1023 Maryland Avenue?
The average sales price for units in 1023 Maryland Avenue is $0 currently.

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