120 40th St Avalon, NJ 08202
Estimated Value: $6,286,654 - $8,103,000
4
Beds
3
Baths
2,900
Sq Ft
$2,481/Sq Ft
Est. Value
Highlights
- Beach Front
- In Ground Pool
- Contemporary Architecture
- Avalon Elementary School Rated A
- Deck
- Wood Flooring
About This Home
As of November 2022This home is located at 120 40th St, Avalon, NJ 08202 since 06 October 2021 and is currently estimated at $7,194,827, approximately $2,480 per square foot. This property was built in 1973. 120 40th St is a home located in Cape May County with nearby schools including Avalon Elementary School.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $19,142
Year Built
- Built in 1973
Lot Details
- Lot Dimensions are 100' x 110
- Beach Front
- Fenced Yard
Parking
- 1 Car Detached Garage
Home Design
- Contemporary Architecture
- Wood Siding
- Asbestos Siding
Interior Spaces
- 2,900 Sq Ft Home
- 2-Story Property
- Furnished
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Living Room
- Dining Area
- Wood Flooring
- Crawl Space
- Fire and Smoke Detector
Kitchen
- Stove
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Pool
- In Ground Pool
- Outdoor Shower
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Legal Lot and Block 26 / 40
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 6, 2021
Closed on
Nov 17, 2022
Sold by
Raden Paul
Bought by
Murino John L and Murino Andrea A
Seller's Agent
Roger Soens
COMPASS RE - AV Dune
Buyer's Agent
Jack Binder
FERGUSON-DECHERT, INC
List Price
$7,900,000
Sold Price
$5,600,000
Premium/Discount to List
-$2,300,000
-29.11%
Total Days on Market
360
Views
1
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,594,827
Avg. Annual Appreciation
10.20%
Original Mortgage
$5,000,000
Outstanding Balance
$4,874,340
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$2,320,487
Purchase Details
Closed on
Mar 21, 2008
Sold by
Mayer Henry S and Mayer Donald F
Bought by
Raden Paul
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
6%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Mar 27, 2006
Sold by
Mayer Donald F
Bought by
Mayer Donald F and Mayer Judith F
Purchase Details
Closed on
Sep 22, 2004
Sold by
Mayer Donald F and Mayer Henry S
Bought by
Mayer Donald F and Mayer Henry S
Purchase Details
Closed on
Jan 5, 1993
Sold by
Mayer Vera Jane
Bought by
Atlantic City Electric & Nj Bell
Similar Homes in Avalon, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Murino John L | $5,600,000 | Seaboard Title | |
| Murino John L | $5,600,000 | Seaboard Title | |
| Raden Paul | $4,200,000 | None Available | |
| Mayer Donald F | -- | None Available | |
| Mayer Donald F | -- | -- | |
| Atlantic City Electric & Nj Bell | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Murino John L | $5,000,000 | |
| Previous Owner | Raden Paul Lee | $3,000,000 | |
| Previous Owner | Raden Paul | $3,000,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2022 11/17/22 | Sold | $5,600,000 | -13.5% | $1,931 / Sq Ft |
| 10/01/2022 10/01/22 | Pending | -- | -- | -- |
| 07/06/2022 07/06/22 | Price Changed | $6,475,000 | -18.0% | $2,233 / Sq Ft |
| 10/06/2021 10/06/21 | For Sale | $7,900,000 | -- | $2,724 / Sq Ft |
Source: Cape May County Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $20,262 | $3,300,000 | $3,300,000 | $0 |
| 2023 | $25,816 | $4,239,000 | $3,300,000 | $939,000 |
| 2022 | $20,671 | $3,639,200 | $3,300,000 | $339,200 |
| 2021 | $19,906 | $3,639,200 | $3,300,000 | $339,200 |
| 2020 | $19,142 | $3,639,200 | $3,300,000 | $339,200 |
| 2019 | $18,560 | $3,639,200 | $3,300,000 | $339,200 |
| 2018 | $17,759 | $3,639,200 | $3,300,000 | $339,200 |
| 2017 | $15,744 | $2,831,700 | $2,500,000 | $331,700 |
| 2016 | $15,574 | $2,831,700 | $2,500,000 | $331,700 |
| 2015 | $15,320 | $2,831,700 | $2,500,000 | $331,700 |
| 2014 | $15,150 | $2,831,700 | $2,500,000 | $331,700 |
Source: Public Records
Agents Affiliated with this Home
-
Roger Soens
R
Seller's Agent in 2022
Roger Soens
COMPASS RE - AV Dune
(609) 967-3001
68 in this area
82 Total Sales
-
Jack Binder
J
Buyer's Agent in 2022
Jack Binder
FERGUSON-DECHERT, INC
(609) 967-4200
139 in this area
175 Total Sales
Map
Source: Cape May County Association of REALTORS®
MLS Number: 213735
APN: 01 00040- 03-00026- 01
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