NOT LISTED FOR SALE

Estimated Value: $6,662,000 - $9,963,000

5 Beds
5 Baths
5,025 Sq Ft
$1,655/Sq Ft Est. Value

Sale Details

Date Sold: November 30, 2015

Last sale price $4,100,000 $816 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $47,896 / mo

26 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Deck
  • Avalon Elementary School Rated A
  • In Ground Pool
  • Cathedral Ceiling

About This Home

As of November 2015

EXTRAORDINARY BAYFRONT ESTATE. This oversized lot is ideally situated at the base of Salmon Lagoon and offers breathtaking, wide-water views from all three stories. The expansive home has five bedrooms, five full bathrooms (all en-suite), and three half bathrooms. Because of the lot size, every room inside this 5,025 square foot retreat is grand. The sheer scale of the home is noticeable immediately upon entering the front door, as a gorgeous, three-story staircase is prominently featured. The spacious first floor family room allows for easy access to both the rear yard and a screened-in porch. The family room is beautifully finished and offers surround sound, a fireplace, an extensive lighting and trim package, and a full wetbar. Also on the first floor are two large bedrooms, two full, en-suite bathrooms, and two half bathrooms - one is situated adjacent to the family room and the other in the laundry area, allowing for easy access from the pool. The second floor great room is truly grand. Beautiful bay views are available from every location in the entertaining space. The kitchen is well equipped with custom cabinetry, high end appliances, a large center island and a walk in-pantry. The living room is the perfect place to kick back and relax. Multiple seating areas, a fireplace, and a full bar with a granite top make this space perfect for entertaining friends and family. The rear, second floor deck is expansive and is the perfect place to watch the sun drop beyond the lagoon. The second floor also features two bedrooms with two en-suite bathrooms, plus a half bath for the entertaining space. The third floor, which is dedicated entirely to the master suite, is the perfect retreat, featuring huge master bathroom, a walk-in closet, a second laundry room, and one the best master bedroom views you will find in town. Other features include a four-stop elevator, two car garage with plenty of additional parking out front, beautiful mature landscaping, every non-landscaped area is outfit with pavers, plantation shutters in all bedrooms and bathrooms, two boat slips and a beautiful pool in the rear yard. Don't miss your opportunity to own this custom masterpiece on one of the nicest streets in town.

Last Agent to Sell the Property

John (Jack) Binder Jr

FERGUSON-DECHERT, INC Listed on: 10/05/2015

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,556

Year Built

  • Built in 2004

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard
  • Sprinkler System
  • Property is zoned R-1B

Home Design

  • Upside Down Style Home
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 5,025 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Great Room
  • Dining Room
  • Screened Porch
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 27 / 86

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,556

Year Built

Built in 2004

Lot Details

10,716 Sq Ft Lot

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bayfront
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 2004
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2004

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Bar, Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Kitchen Center Island, Walk in Closet, Wall to Wall Carpet, Whirlpool, Tile Flooring
  • Total Bathrooms: 5.3
  • Full Bathrooms: 5
  • Bedrooms: 5
  • Total Rooms: 10
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 5025
  • Other Rooms: Dining Room, Kitchen, Recreation/Family, Dining Area, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Stone, Wood
  • Outside Features: Deck, Screened Porch, Fenced Yard, Bulkhead, Cable TV, Sidewalks, Outside Shower, In Ground Pool, Boat Slips, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, 2 Car, Attached, Auto Door Opener

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 27
  • Lot Size: 69' x 155'
  • Total Assessment: 4169300
  • Zoning: R-1B
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: 22555.91

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2015
Closed on
Nov 30, 2015
Sold by
Bought by
Seller's Agent
John (Jack) Binder Jr
FERGUSON-DECHERT, INC
List Price
$4,395,000
Sold Price
$4,100,000
Premium/Discount to List
-$295,000
-6.71%
Current Estimated Value
$8,316,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,216,504
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
Oct 19, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,100,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2003
Sold by
Bought by

Purchase Details

Closed on
Jan 5, 2002
Sold by
Bought by

Purchase Details

Closed on
Feb 6, 1991
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Avalon, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$410,000,000 None Available
-- --
$4,150,000 First American Title Ins Co
$1,600,000 --
$1,160,000 --
$4,100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $4,100,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/30/2015 11/30/15 Sold $4,100,000 -6.7% $816 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
10/05/2015 10/05/15 For Sale $4,395,000 -- $875 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $25,164 $4,098,300 $2,373,000 $1,725,300
2025 $25,164 $4,098,300 $2,373,000 $1,725,300
2024 $25,164 $4,098,300 $2,373,000 $1,725,300
2023 $24,959 $4,098,300 $2,373,000 $1,725,300
2022 $23,278 $4,098,300 $2,373,000 $1,725,300
2021 $22,418 $4,098,300 $2,373,000 $1,725,300
2020 $21,557 $4,098,300 $2,373,000 $1,725,300
2019 $20,901 $4,098,300 $2,373,000 $1,725,300
2018 $20,000 $4,098,300 $2,373,000 $1,725,300
2017 $23,181 $4,169,300 $1,833,800 $2,335,500
2016 $22,931 $4,169,300 $1,833,800 $2,335,500
2015 $22,556 $4,169,300 $1,833,800 $2,335,500
2014 $22,306 $4,169,300 $1,833,800 $2,335,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 166556

Cape May County Association of REALTORS®

APN: 01-00086-0000-00027

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