Listed By:
Long & Foster Real Estate, Inc.
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 Size0.12 Acres
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
AVG $3M
$3M
Taxes
AVG $10,845
$10,845
Visits
AVG 999
1003
Data Provided by Inside Real Estate®
Year Built
AVG 1956
1905
Walkscore
AVG 53
63
Data Provided by Walkscore® not using MLS data