$505,000
$515,000
1.9%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
500 SqFt
SOLD DATE : 06/12/2024
Key Details
Sold Price $505,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 500 sqft
Price per Sqft $1,010
MLS Listing ID 241162
Sold Date 06/12/24
Bedrooms 1
Full Baths 1
Condo Fees $316/mo
Annual Tax Amount $2,838
Tax Year 2023
Property Sub-Type Condo
Property Description
The Baronet, situated at Beachfront Cape May, stands opposite the beach, offering a central location within easy reach of restaurants and shops. Indulge in ultimate relaxation! This property boasts a prime position just across from the beach and a brief stroll away from a plethora of shopping and dining options. Step onto the fabulous common area wrap-around front porch to unwind while taking in views of Beach Avenue, The Promenade, and the ocean. Revel in the beachfront breezes and stunning ocean vistas. Additional shared amenities include a beachfront owner gathering room, coin-operated laundry facilities, an elevator, outdoor showers, and communal owners' storage space. This fully furnished one-bedroom, one-bathroom condominium features a living room, kitchen, dining area, and a full bath. With updated kitchen and bathroom fixtures, fresh paint, and abundant natural light, this unit exudes charm. Positioned just beyond the elevator in the newer building section, it offers convenience and comfort. The condo fee covers water, sewer, trash removal, exterior maintenance, and building insurance. An excellent investment opportunity, this condo boasts a stellar rental history and comes with summer leases in place for 2024. Sold fully furnished, excluding the seller's personal items. The monthly condo fee amounts to $316, supplemented by a yearly capital improvement reserve fund of $1402. Units in this building seldom come up for sale, so swift action is advised. The owner only chooses to rent from June 8th until September 14 and keeps the week of June 22 to June 29th open for them or you. Grossing approximately $15,150 this season. Call today easy to show.
Location
State NJ
County Cape May
Area Cape May
Location Details Beach Block,Beach Front,Cleared Lot,Inside Lot,Island,Water Front,Water View
Interior
Hot Water Gas
Building
Lot Description Beach Block, Beach Front, Cleared Lot, Inside Lot, Island, Water Front, Water View
Story One
Unit Location First Floor
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
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