201 MechanicCape May Court House, NJ 08210

  • Residential income properties
  • 0.48 AC
Off market
$4,852,080 Estimated

Property Details for 201 Mechanic

Year built
1900
Lot size
0.48 AC
Zone code
TB
Property type
Residential income properties
Property subtype
Residential income homes
APN
06 00236-0000-00014
APU
600236000000014

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,563,145
    6.5%
    $6,981,364
    7%
    $6,482,696
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,272,425
    Geo Method
    $4,272,425
  • Alternative Use

    Use
    Valuation
    Residential
    $6,981,364
    Hospitality
    $6,394,892
    Educational
    $5,320,476
    Medical
    $5,503,454
    Retail
    $8,276,295
201 Mechanic, Cape May Court House, New Jersey

Location Insight

City
Cape May Court House
County
Cape May
State
New Jersey
Latitude
39.0836
Longitude
-74.8278
CBSA code
36140
CBSA name
OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,490
$128,200
$146,700
$274,900
-
$128,200
$146,700
$274,900

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