NOT LISTED FOR SALE

2188 Ocean Dr Avalon, NJ 08202

Estimated Value: $2,052,000

1.38 Acres
$1,486,957 Price per Acre
60,113 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $3,500,000

Est. 41% decrease in value since last sale

Current estimated payment $12,771/month

96 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Avalon Elementary School Rated A
  • Island Location

About This Lot

As of March 2022

Sale is subject to Avalon Borough subdivision scheduled for 6/8/21.

Last Agent to Sell the Property

John "Jack" Vizzard

BERKSHIRE HATHAWAY HS FOX & ROACH - AV Listed on: 06/02/2021

Last Buyer's Agent

Kelly Mead

LONG & FOSTER REAL ESTATE, INC sh License #1538640

LONG & FOSTER REAL ESTATE, INC sh

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,999

Lot Details

  • Lot Dimensions are 60x110
  • Property Fronts a Bay or Harbor
  • Cleared Lot
  • Property is zoned R-2A

Location

  • Island Location

Listing and Financial Details

  • Legal Lot and Block 80 / 22 10

Property Details

Property Type

Land

Est. Annual Taxes

$9,999

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Bay Front, Island
  • District Township: 01-Avalon Borough
  • Beach Proximity: 4 Blocks
  • Lot Size2: 60X110
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Number: 80
  • Lot Size: 1 to 6000 SqFt
  • Zoning: R-2A
  • Topography: Cleared
  • Zoning: Residential

Tax Info

  • Taxes: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Mar 16, 2022
Sold by
2188 Ocean Drive Llc
Bought by
2158 Ocean Drive Llc
Seller's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
Buyer's Agent
Kelly Mead
LONG & FOSTER REAL ESTATE, INC sh
List Price
$3,500,000
Sold Price
$3,500,000
Current Estimated Value
$2,052,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,448,000
Original Mortgage
$2,500,000
Outstanding Balance
$2,335,806
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2021
Sold by
2188 Ocean Drive Llc
Bought by
2188 Ocean Drive Llc

Purchase Details

Listed on
Jul 22, 2020
Closed on
Oct 23, 2020
Sold by
Hopkins Richard T
Bought by
2188 Ocean Drive Llc
Seller's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
Buyer's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
List Price
$1,600,000
Sold Price
$1,550,000
Premium/Discount to List
-$50,000
-3.12%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2158 Ocean Drive Llc $3,500,000 Trident Land Transfer
2188 Ocean Drive Llc -- None Available
2188 Ocean Drive Llc $1,550,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2158 Ocean Drive Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2022 03/18/22 Sold $3,500,000 0.0% --
09/06/2021 09/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $3,500,000 +125.8% --
10/28/2020 10/28/20 Sold $1,550,000 -3.1% $1,465 / Sq Ft View Prior Sale
07/30/2020 07/30/20 Pending -- -- --
07/22/2020 07/22/20 For Sale $1,600,000 -- $1,512 / 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
2023 $7,673 $1,260,000 $1,260,000 $0
2022 $4,828 $850,000 $850,000 $0
2021 $4,687 $861,100 $850,000 $11,100
2020 $4,529 $861,100 $850,000 $11,100
2019 $4,392 $861,100 $850,000 $11,100
2018 $4,202 $861,100 $850,000 $11,100
2017 $4,828 $868,400 $850,000 $18,400
2016 $4,776 $868,400 $850,000 $18,400
2015 $4,698 $868,400 $850,000 $18,400
2014 $4,646 $868,400 $850,000 $18,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    John "Jack" Vizzard

    BERKSHIRE HATHAWAY HS FOX & ROACH - AV

  • K

    Buyer's Agent in 2022

    Kelly Mead

    LONG & FOSTER REAL ESTATE, INC sh

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 212000

Cape May County Association of REALTORS®

APN: 01-00022-10-00080

New Jersey Cape May County Avalon 08202

2188 Ocean Dr, Avalon, NJ

Not Listed for Sale

Lots

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