521 Pearl Avenue

$390,000, 2 Beds 1 Bath

About This Property

Location, Location, Location! Oh, so Cute! and only one block to the beach is where you will find this 2-bedroom, 1 bath, first floor gem of a condo only a 2 minute walk to the exclusive beaches of Cape May Point. Year-round use in a three-owner association known as “The Pearl” and an adorable seaside retreat. Off the right-side entrance, you have a large patio great for summer barbecues and relaxing in the shade after a long day at the beach. You enter a large foyer with two nice sized bedrooms to your right, a remodeled full hall bath, large eat in kitchen and a comfortable ocean facing living room. The laundry room is over sized, to include your newer hot water boiler for heat, newer water heater, newer electric panel, a great deal of storage and the front entrance to include your private outside shower to the east rounding out a great year round beach getaway. Some weekly rentals are in place for this season, weekly rental at $1525 and gross around $10,675 a year but only rent in the summer (July and August). The three owners split insurance and our share is $2543. a year. All other condominium decisions are made together on a case by case basis. Separate utilities and we currently sit in a X zone, so no flood insurance required though the association does have flood insurance just to be safe. Many new updates inside you will be pleased. Call today to set up an appointment. Beach and Sunset shots taken from beach at the end of the block from the home.

Essential Information

MLS® #186409
Price$390,000
Bedrooms2
Bathrooms1.00
Full Baths1
Year Built1940
TypeCondo/Townhouse
Sub-TypeCondo
StatusUNDER CONTRACT CON/SHOW

Community Information

Address521 Pearl Avenue
AreaCape May Point
CityCape May Point
StateNew Jersey

Amenities

FeaturesWall To Wall Carpet, Foyer

Interior

HeatingElectric, Baseboard, Hot Water
StoriesOne

Appliances

Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer

Cooling

Ceiling Fan, Wall Air Conditioning

Additional Information

Date ListedFebruary 28th, 2019
Days on Market205

Listing Details

OfficeCOASTLINE REALTY, LLC

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Chris Clemans Sotheby’s International Realty

1159 Washington Street PO Box 552
Cape May, NJ
08204

Office: 609.884.3332

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