1307 Beach Avenue

Cape May, NJ
$ 699,000 Beds 2 Baths 1 Sq 790 Virtual Tour
Monthly Estimate* How much can I afford?

What a stunning location across the street from the beach and a very sought-after building is where you will find The Morning Star Villa, once a luxury hotel (1885) in the heart of Cape May this building was moved and totally restored to a 14-unit condominium in 1989. This unit is on the second floor with 12-foot ceilings and approximately 790 square feet with a private deck with water views. Large open floor plan in the kitchen( new white quarts countertop installed faucet soon to be delivered), dining and living area make this unit feel bright, cheery, and spacious. There is a large bath in the hall with jetted bathtub and shower. Two nice sized bedrooms both with full closets. King bed in the master bedroom, queen bed in the second bedroom, and a queen sleeper sofa in the living room. Stack-able washer and dryer in the utility closet in the kitchen. Being sold mostly furnished less a few personal mementos the sellers may wish to take. The last renters are in place and check out 9-4-2021 and then it is open with no commitments for a new owner unless you would like to continue renting. The common area features are secure mailbox, elevator, ramp, outside shower, bike racks, personal storage locker area, an assigned parking plus a few extra spaces. The monthly condo fee covers water, sewer, trash pickup, internet, and property management. Strong rental history- rental income of $30,000. Rents for $2300 a week in season or use for personal use. Call to book your appointment today. This will not last long. Easy to show call today. To build up a healthier reserve and maintain this lovely historic building to the highest standards, there is a special assessment over 4 years. The seller is paying the annual assessment of $3600 for 2021 and 2022. 2023 and 2024 will be new buyer responsibility.

Condos

  • Price
  • $ 699,000
  • Lot Size
  • Bedrooms
  • 2
  • Sqr Footage
  • 790
  • Full Bathrooms
  • 1
  • Half Bathrooms
  • 0
  • City, Zip
  • Cape May
  • Taxes
  • $ 4310
  • County
  • CAPE MAY
  • Style
  • Condo
  • Area
  • Cape May
  • MLS#
  • 213092
  • Zip
  • 08204
Listing Provided by: COASTLINE REALTY, LLC
Data Source: Cape May County MLS (CMCAR) - 26 - NJ

Features

General

Beds 2
Cooling Ceiling Fan, Central Air
Full Baths 1
Heating Electric, Forced Air
Parking 1 Car, Assigned Parking, Other
Pet Friendly Owners allowed pets
Type Condo
Water City

Interior Features

Appliances Included Dishwasher, Dryer, Oven, Range, Refrigerator, Smoke/Fire Detector, Washer
Other Rooms Eat In Kitchen, Laundry/Utility Room, Living Room, Storage Space

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$2,869

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,740
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/21/2021 Listed $745,000
9/22/2021 7% - $699,000

Property vs Zip Code Average in 08204

Price
AVG $1.31M
$700K
Taxes
AVG $6,929
$4,310
Visits
AVG 85
35
Walkscore
AVG 48
18
Data Provided by Walkscore ® not using MLS data

Map

1307 Beach Avenue Cape May, NJ is a Single Family Home for sale at $699000 with 790 sqft and a lot size of Acre(s). 1307 Beach Avenue Cape May has 2 bedrooms, 1 baths . The property's zip code is 08204 which is in Cape May, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 2.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.