Cape May Point, NJ 08212,509 Pearl Avenue
Cape May Point, NJ 08212,509 Pearl Avenue
Cape May Point, NJ 08212,509 Pearl Avenue
Cape May Point, NJ 08212,509 Pearl Avenue
Cape May Point, NJ 08212,509 Pearl Avenue
Cape May Point, NJ 08212,509 Pearl Avenue
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$665,000

$750,000

11.3%
Est.Price: ?

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Est. payment /mo

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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Listed by COASTLINE REALTY, LLC
Bought with HOMESTEAD REAL ESTATE CO. INC.
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2789 Dune Drive, Avalon, NJ, 08202

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