NOT LISTED FOR SALE

1218 First Ave Avalon, NJ 08202

Estimated Value: $3,974,056 - $5,008,000

5 Beds
2 Baths
2,202 Sq Ft
$2,075/Sq Ft Est. Value

Last Sold August 17, 2018

Last sale price $1,300,000 $590 Per Sq Ft

Est. 251% increase in value since last sale

Current estimated payment $26,789/month

267 Days on Market

Highlights

  • Property is near a beach
  • Island Location
  • Cathedral Ceiling
  • Avalon Elementary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of August 2018

This home is located at 1218 First Ave, Avalon, NJ 08202 since 02 October 2017 and is currently estimated at $4,568,514, approximately $2,074 per square foot. This property was built in 1891. 1218 First Ave is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Listed By

Roger Soens

COMPASS RE - AV Dune Listed on: 10/02/2017

COMPASS RE - AV Dune

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,469

Year Built

  • Built in 1891

Lot Details

  • Lot Dimensions are 60' x 110'
  • Corner Lot
  • Interior Lot
  • Property is zoned R-1C

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,202 Sq Ft Home
  • 3-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Area
  • Den
  • Loft
  • Wood Flooring
  • Crawl Space

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Deck
  • Enclosed patio or porch
  • Outdoor Storage

Location

  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 24 / 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,469

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Inside Lot, Island
  • District Township: 01-Avalon Borough
  • Near: Beach
  • Also Includes: Partial Furniture, See Remarks
  • Estimated Year Built: 1891
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 1218
  • Lot Size2: 60' x 110'
  • Price per Sq Ft: 590.37
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 1891

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Stove Electric
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Walk in Closet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Total Rooms: 12
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2202
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room, Loft

Exterior Features

  • Construction: Three Story
  • Exterior: Vinyl
  • Outside Features: Deck, Enclosed/Covered Patio, Porch, Storage Building, Cable TV, Sidewalks, Outside Shower

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Gas Natural, Baseboard, Hot Water
  • Hot Water: Electric
  • Sewer: Public
  • Water: Public

Lot Info

  • Lot Number: 24
  • Lot Size: 6001-10000 SqFt
  • Total Assessment: 812500
  • Zoning: R-1C

Tax Info

  • Taxes: 4468.75
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2017
Closed on
Aug 17, 2018
Sold by
Mcklernan John J and Mckiernan Loretta G
Bought by
1218 1St Ave Llc
Seller's Agent
Roger Soens
COMPASS RE - AV Dune
Buyer's Agent
Jack Binder
FERGUSON-DECHERT, INC
List Price
$1,550,000
Sold Price
$1,300,000
Premium/Discount to List
-$250,000
-16.13%
Total Days on Market
267
Current Estimated Value
$4,568,514

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,268,514
Avg. Annual Appreciation
20.90%

Purchase Details

Closed on
Sep 11, 1987
Bought by
Mckiernan John J and Mckiernan Loretta G

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1218 1St Ave Llc $1,300,000 --
Mckiernan John J $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1218 First Avenue Llc $730,000
Closed 1218 First Avenue Llc $750,000
Open 1218 First Avenue Llc $1,162,000
Previous Owner Mckiernan John J $249,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Sold $1,300,000 -16.1% $590 / Sq Ft
07/18/2018 07/18/18 Pending -- -- --
10/02/2017 10/02/17 For Sale $1,550,000 -- $704 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $16,073 $2,617,800 $950,000 $1,667,800
2023 $15,946 $2,618,400 $950,000 $1,668,400
2022 $14,873 $2,618,400 $950,000 $1,668,400
2021 $10,028 $2,618,400 $950,000 $1,668,400
2020 $13,773 $2,618,400 $950,000 $1,668,400
2019 $4,845 $950,000 $950,000 $0
2018 $4,880 $999,900 $950,000 $49,900
2017 $4,518 $812,500 $735,000 $77,500
2016 $4,469 $812,500 $735,000 $77,500
2015 $4,396 $812,500 $735,000 $77,500
2014 $4,347 $812,500 $735,000 $77,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 178591

Cape May County Association of REALTORS®

APN: 01-00012-03-00024