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116 Folsom Ave

North Cape May, NJ 08204

3 bd 3 ba 2,205 sqft Built 2003 Lot 6,000 sqft single_family
Most recent sale
$839,000
Oct 17, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Oct 17, 2022 Sold $839,000 Public Record
Oct 14, 2022 Sold $839,000 MLS #222205
Jul 14, 2022 Price changed $839,000 MLS #222205
Jul 13, 2022 Listed $829,000 MLS #222205
May 4, 2017 Sold $432,000 Public Record
May 2, 2017 Listing removed $449,000 CapeMay
Jan 4, 2017 Price changed $449,000 MLS #172258
Sep 9, 2016 Listed $459,000 MLS #172258
Aug 6, 2003 Sold $315,529 Public Record
Jun 17, 2002 Sold $59,900 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $218,500 $110,000 $328,500 $6,852
2023 $218,500 $110,000 $328,500 $6,566
2022 $218,500 $110,000 $328,500 $6,366
2021 $218,500 $110,000 $328,500 $6,176
2020 $218,500 $110,000 $328,500 $6,077
2019 $218,500 $110,000 $328,500 $5,926
2018 $218,500 $110,000 $328,500 $5,785
2017 $218,500 $110,000 $328,500 $5,791
2016 $218,500 $110,000 $328,500 $5,703
2015 $218,500 $110,000 $328,500 $5,519
2014 $218,500 $110,000 $328,500 $5,338
2013 $209,300 $145,000 $354,300 $5,017
2012 $209,300 $145,000 $354,300 $4,815
2011 $209,300 $145,000 $354,300 $4,811
2010 $209,300 $145,000 $354,300 $4,787
2009 $212,200 $194,600 $406,800 $4,703
2008 $212,200 $194,600 $406,800 $4,495
2007 $212,200 $194,600 $406,800 $4,316

Property facts

Year built
2003
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,205 sqft
Lot size
6,000 sqft
ZIP code
08204
City
North Cape May
Street
Folsom Ave
Coordinates
38.98948, -74.95274

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,308
Gross rental yield
4.73%
Implied cap rate
3.08%
Trend-extrapolated value

Frequently asked questions

When did 116 Folsom Ave last sell?
116 Folsom Ave most recently sold on Oct 17, 2022 for $839,000.
What is the current tax assessment for 116 Folsom Ave?
The most recent total assessment for 116 Folsom Ave (year 2025) is $328,500 with $6,852 in property tax.
How does 116 Folsom Ave's assessment compare to its last sale price?
The current assessment is 60.8% below the last sale price of $839,000.
When was 116 Folsom Ave built?
116 Folsom Ave was built in 2003.
How does 116 Folsom Ave compare to others on Folsom Ave?
We do not currently track other properties on Folsom Ave.
What are the property facts for 116 Folsom Ave?
116 Folsom Ave is a 3 bed, 3 bath, 2,205 sqft, 6,000 sqft lot single_family.
Is 116 Folsom Ave a flip candidate?
No — 116 Folsom Ave does not appear in our flips dataset.
Is 116 Folsom Ave a tax-appeal candidate?
No — 116 Folsom Ave is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+12.4%
Implied 1-yr
+49.5%
2026 Q3
$2.42M
2026 Q4
$2.59M
ZIP 08204 — Median Price History + Forecast

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