Prospective homebuyers considering the real estate market had a range of options in various neighborhoods throughout the region between Feb. 17 and Feb. 23. In this article, we outline recent property sales in Cape May County, all of which featured homes under $1,000,000.
Below, we provide an overview of the top six properties in each area, chosen for their proximity to the desired price range and the largest living spaces.
Please note that the properties in the list below are for real estate sales where the title was recorded during the week of Feb. 17, even if the property may have been sold earlier.
118 East Rio Grande Avenue, Wildwood, NJ
1. $800K
Situated at 118 E. Rio Grande Ave., this single-family house, was sold in January for a price of $800,000. The property, constructed in 1950, offers a living area of 1,236 square feet and sits on an 8,002-square-foot lot. The deal was finalized on Jan. 24.
2. $520K
For a price tag of $520,000 ($377 per square foot), the detached house, built in 1970 and located at 13 Redwish Ave. changed hands in January. The home spans 1,380 square feet of living area. The property comprises a 10,999-square-foot lot. The deal was finalized on Jan. 24.
715 Eldredge Avenue, Cape May, NJ
3. $490K
At $490,000 ($384 per square foot), the single-family house located at 715 Eldredge Ave. offered another opportunity below the targeted price range when it changed hands in January. This property, built in 1961, provides 1,275 square feet of living space, and sits on a 7,749-square-foot lot. The deal was finalized on Jan. 24.
5201 Ocean Avenue, Wildwood, NJ
4. $375K
In January, a condominium located at 5201 Ocean Ave., changed ownership. The property, covering 1,170 square feet, was built in 1971 and was sold for $375,000, which calculates to $321 per square foot. The lot size encompasses 1,172 square feet. The deal was finalized on Jan. 24.
4508 Atlantic Avenue, Wildwood, NJ
5. $175K
This condominium, underwent a change of ownership in January. Located at 4508 Atlantic Ave., the home spans 184 square feet and was sold for $175,000, or $951 per square foot. The property was built in 1954. The deal was finalized on Jan. 24.
6. $65K
Priced at $65,000 (equivalent to $169 per square foot), this condominium, constructed in 1987 and situated at 20 Birch Street, was sold in January. The home spans 384 square feet of living area. The deal was finalized on Jan. 24.
Real Estate Newswire is a service provided by United Robots, which uses machine learning to generate analysis of data from Propmix, an aggregator of national real-estate data.