NOT LISTED FOR SALE

1668 Ocean Dr Unit B-7 Avalon, NJ 08202

Estimated Value: $1,529,000

3 Beds
2 Baths
1,193 Sq Ft
$333/mo HOA Fee

Last Sold May 29, 2020

Last sale price $842,500 $706 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $9,138/month

40 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Corner Lot
  • Avalon Elementary School Rated A
  • Wood Flooring
  • Furnished

About This Home

As of May 2020

Boat slip was dredged in 2016. Slip will accommodate 24' boat. Water and electric out at the docks. See associated docs for exclusions, details on interior and exterior updates, and condo info. Between the 2 buildings, there is a locked room for bikes, plus individual storage closets for each unit (perfect for beach chairs, life jackets, sand toys, etc.)

Last Listed By

Ryan Vince

Tim Kerr Sotheby's International Realty Listed on: 03/20/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,273

Year Built

  • Built in 1984

Lot Details

  • 0.39

HOA Fees

  • $333 Monthly HOA Fees

Interior Spaces

  • 1,193 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Living Room
  • Dining Area
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Driveway
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Bulkhead

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Property Fronts a Bay or Harbor
  • Ground Level Unit

Listing and Financial Details

  • Legal Lot and Block 67 / 16.05

Community Details

Recreation

  • Boat Dock

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,273

Year Built

Built in 1984

Lot Details

0

HOA Fees

$333 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bay
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1984
  • Bay Proximity: 1 Block
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_ADDRESS2: Unit B-7
  • Second Address Number: 1668
  • Price per Sq Ft: 706.2
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1984

Interior Features

  • Appliances Included: Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1193
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: 1 Car, Assigned Parking, Black Top Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: B-7
  • Common Area Features: Deck/Porch, Dock/Boat Slip, Bulkhead, Outside Shower
  • Condo Fees: 1000/Qtr
  • Unit Features: Kitchen Center Island, Hardwood Floors, Tile Floors
  • Unit Location: First Floor, Water View, Corner

Lot Info

  • Lot Number: 67
  • Total Assessment: 641900

Tax Info

  • Taxes: 3273
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2017
Closed on
Nov 18, 2017
Sold by
Graf Carl W and Graf Catherine T
Bought by
Maslowsky Sharon E and Maslowsky Eric S
Seller's Agent
Ann Delaney
Tim Kerr Sotheby's International Realty
Buyer's Agent
Dan Harris
WEICHERT REALTORS CITY TO SHORE
List Price
$725,000
Sold Price
$715,000
Premium/Discount to List
-$10,000
-1.38%
Total Days on Market
40
Current Estimated Value
$1,529,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$814,000
Avg. Annual Appreciation
12.32%
Original Mortgage
$572,000
Outstanding Balance
$487,168
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,217,832

Purchase Details

Closed on
May 11, 2015
Sold by
Graf Carl W and Graf Catherine T
Bought by
Graf Carl W and Graf Catherine T

Purchase Details

Closed on
Aug 5, 2005
Sold by
Kish John J and Kish Barbara E
Bought by
Graf Carl W and Graf Catherine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 21, 2001
Sold by
Pendrak Elaine G
Bought by
Kish John J and Kish Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.98%

Purchase Details

Closed on
Dec 3, 1990
Sold by
Sea Gull Associates
Bought by
Michel Ursula W

Purchase Details

Closed on
Sep 23, 1988
Sold by
Leahy Capital Investments
Bought by
Sea Gull Assoc

Range of Values:

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Average Value
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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
Maslowsky Sharon E $715,000 None Available
Graf Carl W $306,500 Attorney
Graf Carl W $885,000 --
Kish John J $349,000 --
Michel Ursula W $150,000 --
Sea Gull Assoc $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Maslowsky Sharon E $572,000
Previous Owner Graf Carl W $708,000
Previous Owner Kish John J $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $842,500 -3.0% $706 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
03/20/2020 03/20/20 For Sale $869,000 +21.5% $728 / Sq Ft
11/29/2017 11/29/17 Sold $715,000 -1.4% $599 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
09/19/2017 09/19/17 For Sale $725,000 -- $608 / 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 $3,941 $641,900 $485,000 $156,900
2023 $3,909 $641,900 $485,000 $156,900
2022 $3,646 $641,900 $485,000 $156,900
2021 $3,511 $641,900 $485,000 $156,900
2020 $3,376 $641,900 $485,000 $156,900
2019 $3,274 $641,900 $485,000 $156,900
2018 $3,132 $641,900 $485,000 $156,900
2017 $3,419 $615,000 $474,800 $140,200
2016 $3,383 $615,000 $474,800 $140,200
2015 $3,327 $615,000 $474,800 $140,200
2014 -- $615,000 $474,800 $140,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 201185

Cape May County Association of REALTORS®

APN: 01-00016-05-00067-02-CB-7