$95,000
$119,900
20.8%For more information regarding the value of a property, please contact us for a free consultation.
501 Beach Avenue, Unit 331 Cape May, NJ 08204
1 Bed
1 Bath
325 SqFt
Key Details
Sold Price $95,000
Property Type Condo
Sub Type Condo
Listing Status Sold
Purchase Type For Sale
Square Footage 325 sqft
Price per Sqft $292
MLS Listing ID 200187
Sold Date 12/30/20
Bedrooms 1
Full Baths 1
Year Built 1935
Annual Tax Amount $832
Tax Year 2019
Property Sub-Type Condo
Property Description
501 Beach Avenue, The Marquis de Lafayette is located in the heart of Cape May on the beachfront with amazing water views and home to the Barefoot Bar. Every room features relaxing private balconies overlooking the ocean with breath taking unobstructed views of the beautiful Cape May beaches and Atlantic Ocean. Resort style amenities; new pool and hot tub with water fall feature, updated restaurant, pool bar with street access, maid service, meeting rooms, fitness room, wireless internet, laundry room, parking and none of the maintenance usually associated with property ownership. The Marquis de Lafayette is a Condo-Tel, you own it as a condominium, but your condo is managed and operated as a hotel by your board of directors, manger and in-house staff. There is usage policy requiring owners to rent their room as a hotel room. This is a very popular hotel, an appointment at least 72 hours in advance is required to see rooms/suites that are currently available for purchase. This is a Victoria room with two double beds. Condo fees for 2019 approximately $1943.88 front loaded for the year.
Location
State NJ
County Cape May
Area Cape May
Location Details Beach Front,Island,Water Front,Water View
Interior
Hot Water Gas
Building
Lot Description Beach Front, Island, Water Front, Water View
Story One
Unit Location Top Floor,Water View
Sewer City
Water City
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
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Bought with HOMESTEAD REAL ESTATE C0. INC.





