by RHP Realty

See Home Value
Cape May 08204
1061 Michigan Avenue
$1,595,000
House - Off Market

1061 Michigan Avenue

Cape May, NJ 08204
bedrooms
3 Beds
bathrooms
2 Baths
$1,585,051
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Amazing "Key West" vibe from this turnkey resort like home with an oversized in-ground heated pool, backyard bar with a covered entertainment area and a large paver stone patio that can accommodate many large fun family reunions.   The house just went through a modern makeover while keeping the eclectic, fun 70's vibe.  The Kitchen and 2 bathrooms have been beautifully redone as well as the installation of custom built in cabinets around the large gas fireplace.  There is also an interior bar that perfectly serves the large Great Room that leads out to the pool area.  This rancher is surprisingly large and expansive and is resting on a massive 75 x 125 lot that is in a X Flood Zone (banks traditionally do not require flood insurance in this Zone). This property has been wonderfully decorated!  It is a super investment property (grossing close to $90,000 in income this year) that you will definitely enjoy with your family and friends.  There is not a better "Happy Hour" house in Cape May, the fenced in backyard entertainment area is amazing!!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1956
Last updated: 10 months ago (CMCMLS #231884)

Price History

Date / Event Date Event Price
Sep 20, 2023 Sold to Marcin Sebastian Zarzycki, ... $1,475,000
Sold to Marcin Sebastian Zarzycki, ...
Sep 15, 2023 No longer available -
No longer available
Aug 16, 2023 In contract -
In contract
Jul 19, 2023 Listed by JERSEY CAPE REALTY $1,595,000
Listed by JERSEY CAPE REALTY
Apr 19, 2023 No longer available -
No longer available
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Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,374
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,621
  • Building Area: 1,621
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,621
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: L96-97

Ownership

  • Current Owner : ZARZYCKI MARCIN SEBASTIAN
  • Current Owner 2: BONDARUK-ZARZYCKI MARTA MALQORZATA
  • Previous Owner : CONRAD FRANK E
  • Previous Owner 2: CONRAD ELIZABETH C
  • Owner Before Previous Owner: LADD MARGARET ELLEN
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: TAX MAP 31
  • Account Number: 2119
  • District: 02
  • Parcel: 02 01110-0000-00095
  • Block: 1110
  • Lot: 95
  • Municipality: CAPE MAY CITY
  • Latitude: 38.9398
  • Longitude: -74.9133

    Address

  • Full Address: 1061 Michigan Ave
  • Address - House Number: 1061
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C013
  • 4-Digit Zip Code: 2541
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,564

    Appraisal Valuation

  • Standard Deviation: 0.1072
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 2,149,826
  • High Value: 2,380,489
  • Low Value: 1,919,163

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,032,500
  • First Open Lien Mortgage Lender: OCEANFIRST BANK NA
  • First Open Lien Mortgage Recording Date: Sep 20, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,032,500
  • 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: Oct 01, 2053

    Market Valuation

  • Market Total Value: $769,380
  • Market Land Value: $556,876
  • Market Improvement Value: $212,504

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $518,100
  • Assessed Land Value: $375,000
  • Assessed Improvements Value: $143,100

    Sales

  • Current Sale Contract Date: Sep 13, 2023
  • Current Sale Recording Date: Sep 20, 2023
  • Current Sale Transaction ID: 11914372503
  • Current Sale Price: $1,475,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20699
  • Previous Sale Recording Date: Jan 20, 2022
  • Previous Sale Contract Date: Jan 18, 2022
  • Previous Sale Amount: $900,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: OCEANFIRST BANK NA
  • First Mortgage Transaction Date: Sep 20, 2023
  • First Mortgage Loan Amount: $1,032,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Oct 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
4 Beds
3 Baths
2,670 ft²
$511/ft²
$1,365,000 Jan 29, 2020
$1,365,000 Jul 28, 2020
$500/mo
Townhouse
4 Beds
3 Baths
2,037 ft²
$614/ft²
$1,250,000 Jan 17, 2021
$1,250,000 Mar 26, 2021
$416/mo
House
5 Beds
2 Baths
1,891 ft²
$526/ft²
$995,000 Mar 30, 2021
$995,000 Sep 13, 2021
-
House
2 Beds
1 Bath
-
$1,380,000 Jun 29, 2023
-
-
House
5 Beds
3 Baths
-
$1,500,000 Jun 15, 2022
-
-

About Cape May


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Nearby Rentals

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Frequently Asked Questions

When was property at 1061 Michigan Avenue built and last sold?
The property at 1061 Michigan Avenue was built in 1956 and last sold on Sep 13, 2023 for $1,475,000.
How much is this home worth?
The estimated value of the home located at 1061 Michigan Avenue is $1,610,950.
What are some comparable homes to 1061 Michigan Avenue?
Homes that are comparable to 1061 Michigan Avenue include a house property at 830 Washington Street, 1253 Washington Street, 1238B Wilson Drive.

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