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505 Leaming Avenue

505 Leaming Avenue, Cape May, NJ 08204
Property in Cape May
Sold Jul 16, 2002
$122,000
$70,000 by Slm Fin Corp
Mortgage
Sold Jan 16, 2001
$95,000
$70,000 by Slm Fin Corp
Mortgage
505 Leaming Avenue in Cape May, NJ was first built in 1952 and is 72 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. 505 Leaming Avenue has 1,508 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 620 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 7,749 square feet.

Learn more about the property and building on this page. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 505 Leaming Avenue was last sold in Jun 27, 2002 for $122,000. According to our calculations, that's $80.90 per sqft. Prior to that sales transaction, the property was sold for $95,000 in Jan 9, 2001. Current property owners are expected to pay $4,216 in taxes per year. The property on 505 Leaming Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $210,900. To break that down further, the land itself was valued at $117,300. While improvements to the property were assessed at a total of $93,600. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,749
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,508
  • Building Area: 1,508
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,508
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BYRNE JOSEPH M
  • Current Owner 2: BYRNE DARLEENA
  • Previous Owner : BOWEN HUGH
  • Owner Before Previous Owner: FOY PATRICIA JACKSON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lower Township School District
  • Census Tract: 021806

Geography

  • Assessors Map Reference: TAX MAP 6.08
  • District: 05
  • Parcel: 05 00650-0000-00008
  • Block: 650
  • Lot: 8
  • Municipality: LOWER TWP
  • Latitude: 38.978
  • Longitude: -74.9484

    Address

  • Full Address: 505 Leaming Ave
  • Address - House Number: 505
  • Address - Street Name: Leaming
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Cape May
  • Carrier Code: C011
  • 4-Digit Zip Code: 3027
  • Zip Code: 08204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,216

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $95,000
  • First Open Lien Mortgage Lender: SLM FIN CORP
  • First Open Lien Mortgage Recording Date: Jan 16, 2001
  • First Open Lien Mortgage Loan Amount: $70,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • Second Open Lien Mortgage Lender: CREST SAVINGS BANK
  • Second Open Lien Mortgage Recording Date: Sep 16, 2019
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2029

    Market Valuation

  • Market Total Value: $323,714
  • Market Land Value: $180,046
  • Market Improvement Value: $143,668

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,900
  • Assessed Land Value: $117,300
  • Assessed Improvements Value: $93,600

    Sales

  • Current Sale Contract Date: Jun 27, 2002
  • Current Sale Recording Date: Jul 16, 2002
  • Current Sale Transaction ID: 1191739702
  • Current Sale Price: $122,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Jan 16, 2001
  • Previous Sale Contract Date: Jan 09, 2001
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: SLM FIN CORP
  • Previous Mortgage Transaction Date: Jan 16, 2001
  • Previous Mortgage Loan Amount: $70,000

About North Cape May



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Frequently Asked Questions

What neighborhood is 505 Leaming Avenue located in?
The 505 Leaming Avenue is a located in the neighborhood of Cape May in North Cape May, Cape May.
What is the average sales price for listings in 505 Leaming Avenue?
The average sales price for units in 505 Leaming Avenue is $0 currently.

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