7 months on rocket

202 Ocean St, Cape May, NJ, 08204

$4,950,000

13 Bedrooms
11 Full Baths
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingParking Lot
Year Built1890
HeatingBaseboard
CoolingOther
BasementYes
MLS #NJCM2002552
Lot Size0.09 Acres
StatusActive
(ACTIVE)

About 202 Ocean St

Don’t miss this opportunity to own a piece of Cape May history. Currently operated as the Captain Mey's Inn, this turn of the century Victorian home, circa 1890 was built by Dr. Walter Phillips. The corner location just steps to both the mall and beaches of Cape May make this the best location to enjoy all that the wonderful town has to offer. Make it your own as either a single family property or maintain the B&B license and continue it as your new creation. Painstakingly renovated and update while respecting its heritage and original character this 13 bedroom, 11 bath home boasts large scale rooms, elegant detailing and beautiful woodwork throughout. Step onto the front porch that wraps around onto tree lined Hughes Street. The 1st room upon entry is the Office Quarters (named for the Doctors visiting room). A large ornate hallway leads to the beautiful living room (parlor) and connects to the fabulous dining room. Down the hall is the highly desirable Captains Quarters with private bath and side entrance. Step into the hall bath and head back towards the spacious kitchen, laundry room with steps to the off street parking spot, and the utility room with steps to the private 40 x 100 parking lot. The 2nd level is home to 4 bedrooms with private baths and a 5th bedroom with a hall bath. The spacious hallway takes you to the 3rd floor lading with fire escape. The 3rd level is home to 2 large bedrooms with private baths that have whirlpool tubs. The owner’s quarters are in the lower level and offer a living room, kitchen, 4 bedrooms and 2 baths with an exterior and interior entrance. Amenities include a new roof, recently stained wood siding, numerous stained glass pieces that have been restored, oak and pine floors, new gas HWH, pecks plumbing, Shore’s security system and a State Fire Inspection. The parking lot owned as a separate parcel offers 8 parking spots and a picnic area. The brick sidewalk adds that last touch of beauty! Showings by appointment only due to a working business.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1890

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (609) 884-1007
  • Listing Agent: Gail Wilsey-Morrison

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 11
  • Total Bedroom Count: 13

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Other

School Info

Assigned Schools Information:

  • Lower Cape May Regional High School, Public District Grades 9-12
  • Richard M. Teitelman Middle School, Public District Grades 7-8
  • Cape May City Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: End of Parkway. Over two bridges, stay straight on Lafayette to Ocean. Make a left and go 2 blocks down to 202 Ocean.

Municipality:

  • Cape May City

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,950,000

Tax Information:

  • Annual Amount: $15,399
  • Tax Year: 2020
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MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJCM2002552

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Office Phone: (609) 884-1007
  • Listing Agent: Gail Wilsey-Morrison

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2024, 9:15:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$15,399$1,515,100
2019$14,954$1,515,100
2018$14,106$1,515,100
2017$13,393$1,515,100

History based on county public records data.

Payment Calculator

$24.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$14.9K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-6857474
5
/10
  • Cape May City Elementary School

  • 921 Lafayette St

  • 0.45 miles

  • Public District Grades PK-6

Middle School

school-card-donut-6857475
3
/10
  • Richard M. Teitelman Middle School

  • 687route 9

  • 3.09 miles

  • Public District Grades 7-8

High School

school-card-donut-6857476
4
/10
  • Lower Cape May Regional High School

  • 687route 9

  • 3.31 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,985. Residents of Cape May County, NJ typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 202 Ocean St

What is the listing price of this property?

The listing price of 202 Ocean St property is $4,950,000.

What type of property is this?

The property 202 Ocean St is a house located in Cape May, New Jersey, 08204.

Is this property for sale now?

Active Listing: 202 Ocean St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 202 Ocean St are:
Cape May City Elementary School: GreatSchools Rating 5/10
Richard M. Teitelman Middle School: GreatSchools Rating 3/10
Lower Cape May Regional High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $15,399 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 202 Ocean St has 13 bedrooms and 11 bathrooms.

What is the square footage of this property?

The sq. ft. of 202 Ocean St is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 202 Ocean St is 1890.
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Rocket HomesNew JerseyCape May CountyCape May08204202 Ocean St

This home is located at 202 Ocean St in Cape May, NJ and zip code 08204. This home, which was built in 1890, sits on a 0.09 acre lot. Features: 13 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since September 14, 2023 and is currently priced at $4,950,000.

Over 16 listings were sold over their listed price in April 2024 in Cape May County, NJ. In the same period over 44 listings were sold below the listed price and 12 listings were sold for the listed price. The number of homes for sale in Cape May County, NJ increased by 0.2% between March 2024 and April 2024. Listings spent 57 days on the market in April 2024, and had a median list price of $749,950 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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