tomo logo

$3,150,000

Beds
6
Baths
4.5
sq ft
4,771

1516 New York Ave, Cape May, NJ 08204

1516 New York Ave

CAPE MAY, NJ 08204

  • 658 days on market
    • Price drop $149,000↓
4,771 sq foot Magnificent 3 story, North Point Beach, Cape May home. So much to mention but home has been totally refreshed and ready to move in. An elevator can take you to each level. 1st fl features office, laundry room, full bath w/sauna, entertainment room w gas FP & wet bar, back deck, & 2 car garage. 2nd fl features 5 BR, 2 BA and a huge wrap around back deck. Top floor features master BR with double sided FP, cozy jacuzzi tub, tile shower, & double sink vanity. Enjoy the open layout of this main floor with granite island kitchen w 6 burner gas Viking stove, new frig & microwave, tons of cabinets, wet bar area, double sided gas FR to warm the family room also, and a 1/2 bath. The winding stairways are gorgeous and the whole home is spectacular!!! Only 2 short blocks to the beach and close to town, restaurants and shopping. This location is top notch and continues to grow. Great investment even for a seasonal rental.

Details

Property type

Single Family Residence

Est. home value

$3,217,894

Lot size

9,375 sq ft

Price per sq ft

$661

Year built

2005

Annual property taxes

$16,780

HOA

No

Price History

11/28/2022
Bright

Bright #NJCM2001616

Listed
$3,150,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

CAPE MAY

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

November 2021

Original loan amount

$1,836,000

Est. remaining balance

Not provided

Interest rate

2.88%

Loan type

Stand Alone Refi (Refinance of Original Loan), 30 year

Seller

Warren E Hopely and Kathryn Hopely

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/16/2024 at 3:20 PM

Listing updated: 08/14/2024 at 3:46 AM

Listed by: Sharon Palmisciano, Balsley-Losco Realtors Phone #: (609) 646-3207

MLS: Bright #NJCM2001616

Bright logo

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