Price Reduction
Address
1013 Stockton Avenue, Cape May, NJ
Price
$ 2,995,000
Property Attributes
- MLS#NJCM2002710
- TypeMulti-Family
- CountyCAPE MAY
- CityCape May
- AreaCape May City
- Zip08204
- Style
- Year Built1905
- Taxes$ 10845
- Price$ 2,995,000
- Bedrooms5
- Full Bathrooms0
- Half Bathrooms0
- Lot Size5,227 SqFt
Data Source:
Bright MLS
Property Description
Introducing a spectacular Cape May gem nestled just one block away from the pristine Queen Street Beach, this three-story coastal retreat on Stockton Avenue is the epitome of grandeur and flexibility. Boasting a total of 8 bedrooms, 3.5 baths, and a convenient one-car detached garage, this historic beauty, built in 1905, beckons with its timeless charm and impressive features. This property is currently operated as a duplex. As you approach, you'll be captivated by the allure of the expansive wrap-around porch, a perfect spot to enjoy the sea breeze or watch the world go by. Stepping inside, the first floor welcomes you with a stately living room featuring a cozy fireplace, an inviting dining room with ample space to comfortably seat 12, and a charming kitchen that's ideal for whipping up coastal-inspired meals. Additionally, the first floor offers a full bath, a bedroom, and a convenient half bath with an exterior entrance, making it an ideal space for accommodating guests or family members. The second floor unfolds with five additional well-appointed bedrooms, creating a haven for rest and relaxation after a day spent at the beach. A full bath on this floor ensures convenience and comfort for everyone. For even more versatility, the third floor is set up as a self-contained apartment, featuring a fully-equipped kitchen, a cozy living room, two bedrooms, and a full bath. This unique layout allows for independent living arrangements, making it perfect for multi-generational families or those seeking a rental income opportunity. This remarkable property boasts a lucrative rental history, presenting an irresistible investment prospect. You have the flexibility to either rent one unit and relish the other for personal use or capitalize on the full-house rental potential. Furthermore, this property is a candidate for conversion into a single-family residence, subject to buyer obtaining necessary approvals. Outside, a lush and inviting backyard offers the perfect setting for barbecues or post-beach relaxation. The driveway is thoughtfully designed for other uses, with the garage serving as a secure space for bikes and more. Situated in the highly desirable Stockton Avenue neighborhood, this extraordinary property is only a short stroll away from Cape May's charming downtown area, ensuring that you're never far from the town's vibrant culture and culinary delights. And with the beach just a block away, you'll have quick and easy access to the sun, sand, and surf that Cape May is famous for. Whether you're looking for a spacious beachside retreat for your large family, a lucrative rental property, or a combination of both, this magnificent Cape May home on Stockton Avenue offers an unparalleled opportunity to make your coastal dreams a reality. Don't miss your chance to experience the best of Cape May living in this historic and versatile property.
| Elementary School |
|---|
| Cape May City E.S. |
| Price History | |
|---|---|
| 10/19/2023 | Listed $3,100,000 |
| 4/22/2024 | 4% - $2,995,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Baseboard - Electric |
| Cooling | Central A/C,Window Unit(s) |
| Possession | Settlement |
| Zoning | R-S |
| Garage Spaces | 1.00 |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | Asbestos,Wood Siding |
| Year Built | 1905 |
| Property SubType | Duplex |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | CAPE MAY |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | End of the Parkway straight to Madison and left. Right on Stockton. 3rd house in on Right. |
| ModificationTimestamp | 2024-04-22T15:14:39 |
| City | CAPE MAY |
| Buyer Agent Compensation | 2.5 |
| Total Units | 1 |
| MLS Area | Cape May City (20502) |
| Lot Size Square Feet | 5250.00 |
| Tax Assessed Value | 1050900.0 |
| Waterfront Y/N | No |
| Street Name | STOCKTON |
| Tax Annual Amount | 10845.0 |
| Home Warranty Y/N | No |
| Two Bedroom | 1 |
| Structure Type | Detached |
| NumberOfUnitsVacant | 2 |
| Price Per Sq Ft | 1129.76 |
| Historic Y/N | Yes |
| Vacation Rental Y/N | No |
| Total SQFT | 2651 |
| Days on Market | 195 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 00013 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas,Electric |
|---|---|
| Basement | Full,Interior Access,Outside Entrance |
| Flooring | Wood,Vinyl,Carpet |
| Total Fireplaces | 1 |
| Hot Water | Natural Gas |
| Total Stories | 3 |
| Furnished Units | All |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | Yes |
| Street Suffix | AVENUE |
| Central Air Y/N | Yes |
| LivingAreaSource | Assessor |
| Three Bedroom Units Count | 1 |
Exterior Features
| Parking Features | Concrete Driveway |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 1 |
| Garage Features | Other |
| Type of Parking | Detached Garage,Driveway,Other |
| Foundation Details | Brick/Mortar,Block |
| Water View Y/N | No |
| Lot Dimensions | 50.00 x 105.00 |
| Lot Size Acres | 0.12 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 793800.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Detached Garage Spaces | 1 |
| LotDimensionsSource | Assessor |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 08204
Price
Taxes
Visits
Year Built
Walkscore
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