Waterfront
Address
1307 Beach Avenue Cape May, NJ
Price
$ 699,000
Property Attributes
  • MLS#213092
  • TypeCondos
  • CountyCAPE MAY
  • CityCape May
  • AreaCape May
  • NeighborhoodCape May City
  • Zip08204
  • StyleCondo
  • Taxes$ 4310
  • Price$ 699,000
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage790
Listing Provided Courtesy Of:
COASTLINE REALTY, LLC
Data Source:
Cape May County MLS (CMCAR) - 26 - NJ
Property Description

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.

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

General Features

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

Property vs Condos Average in 08204

Price
AVG $1.31M
$700K
Taxes
AVG $6,929
$4,310
Visits
AVG 85
34
Walkscore
AVG 48
18
Data Provided by Walkscore ® not using MLS data

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