NOT LISTED FOR SALE

1574 Ocean Dr Avalon, NJ 08202

Estimated Value: $1,731,000 - $2,076,000

3 Beds
2 Baths
-- Sq Ft
2,222 Sq Ft Lot

Last Sold April 30, 2020

Last sale price $1,150,000

Est. 62% increase in value since last sale

Current estimated payment $10,469/month

24 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Furnished
  • Avalon Elementary School Rated A
  • Island Location
  • Living Room

About This Home

As of April 2020

This home is located at 1574 Ocean Dr, Avalon, NJ 08202 since 10 February 2020 and is currently estimated at $1,865,908. This property was built in 1978. 1574 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Donald Evans Jr

A LEWIS PURDY REAL ESTATE INC Listed on: 02/10/2020

Last Buyer's Agent

David Gorelick

COMPASS RE - AV Dune

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,740

Year Built

  • Built in 1978

Lot Details

  • 2,222

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Area
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Driveway
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Bulkhead
  • Property Fronts a Bay or Harbor
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 3 / 15.05

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,740

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Island, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Also Includes: Furniture
  • Estimated Year Built: 1978
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Pet Friendly: Owners allowed pets, Renters allowed pets
  • Second Address Number: 1574
  • Selling Agent1: 5337
  • Selling Office1: 609
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1
  • Year Built: 1978

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Number Of Stories: Two
  • Total Bathrooms: 2.1
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Other Rooms: Living Room, Dining Area

Garage/Parking

  • Parking: Parking Pad, 2 Car, Assigned Parking, Concrete Driveway

Utilities

  • Cooling: Central Air, Electric, Ceiling Fan
  • Heating: Electric, Forced Air, Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 1574
  • Common Area Features: Deck/Porch, Enclosed/Cov. Porch, Dock/Boat Slip, Bulkhead, Cable TV
  • Unit Features: Wall To Wall Carpet

Lot Info

  • Lot Number: 3
  • Total Assessment: 1125500

Tax Info

  • Taxes: 5740.05
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2020
Closed on
Apr 30, 2020
Sold by
Joyce Margaret
Bought by
Oliver Jonathan M and Oliver Margate M
Seller's Agent
Donald Evans Jr
A LEWIS PURDY REAL ESTATE INC
Buyer's Agent
David Gorelick
COMPASS RE - AV Dune
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Current Estimated Value
$1,865,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$715,908
Avg. Annual Appreciation
9.90%
Original Mortgage
$920,000
Interest Rate
3.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 9, 1991
Sold by
J & P Associates Warren & Welsh
Bought by
Joyce John J and Joyce Margatet
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Oliver Jonathan M $1,150,000 Misc Company
Joyce John J $105,500 --
Joyce John $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oliver Jonathan M $920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2020 04/30/20 Sold $1,150,000 -4.1% --
03/05/2020 03/05/20 Pending -- -- --
02/10/2020 02/10/20 For Sale $1,199,000 -- --
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
2025 $6,911 $1,125,500 $900,000 $225,500
2024 $6,911 $1,125,500 $900,000 $225,500
2023 $6,854 $1,125,500 $900,000 $225,500
2022 $6,393 $1,125,500 $900,000 $225,500
2021 $6,156 $1,125,500 $900,000 $225,500
2020 $5,920 $1,125,500 $900,000 $225,500
2019 $5,740 $1,125,500 $900,000 $225,500
2018 $5,492 $1,125,500 $900,000 $225,500
2017 $4,737 $851,900 $675,000 $176,900
2016 $4,685 $851,900 $675,000 $176,900
2015 $4,609 $851,900 $675,000 $176,900
2014 $4,558 $851,900 $675,000 $176,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 200594

Cape May County Association of REALTORS®

APN: 01-00015-05-00003