$665,000
$750,000
11.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1.1 Baths
1,088 SqFt
SOLD DATE : 11/01/2024
Key Details
Sold Price $665,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 1,088 sqft
Price per Sqft $611
MLS Listing ID 241047
Sold Date 11/01/24
Bedrooms 3
Full Baths 1
Condo Fees $439/mo
Year Built 1876
Annual Tax Amount $3,107
Tax Year 2022
Property Sub-Type Condo
Property Description
Welcome to 509 B Pearl Avenue in Cape May Point. This historic 1876 residence, situated just across from the beach with incredible privacy on beach and beautiful private sunsets, has been divided into two condominiums. Access to the beach is provided via a natural path through the dunes, conveniently located across the street. Motivated Sellers. Unit B occupies the second and third floors and boasts an open living room, kitchen, one queen-sized bedroom, bathroom, and laundry closet. The third floor hosts a spacious master bedroom with a half bathroom and scenic nature and water views. Outdoor amenities include a deck overlooking Pearl Avenue, an outdoor shower, and storage space. Explore the numerous attractions of Cape May Point, including the beach, lighthouse, nature trails, and more. Easy viewing available. Additional details can be found in the Associated Documents. Each unit in the front home incurs approximately $5,170 in annual expenses, covering condo insurances (around $1,105), (water and sewer $950), flood insurance ($1,615.50), and landscaping (approximately $1500). Condo fee is yearly not monthly. Unit B share of the condo insurance reflects a split between all three condos (back cottage) and flood insurance is split only with unit downstairs as back cottage pays their own flood insurance. The water bill we split that quarterly with unit downstairs. All three units split the landscape costs. Easy to show call today. If sleeping 10 you could possible get $2800 a week for rentals. Sellers are motivated and will review all offers
Location
State NJ
County Cape May Point
Area Cape May Point
Location Details Bay Front,Beach Block,Beach Front,Cleared Lot,Inside Lot,Island
Interior
Hot Water Electric
Building
Lot Description Bay Front, Beach Block, Beach Front, Cleared Lot, Inside Lot, Island
Story Three
Unit Location Top Floor,Other (See Remarks)
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
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