NOT LISTED FOR SALE

221 56th St Avalon, NJ 08202

Estimated Value: $3,330,000 - $5,830,000

7 Beds
6 Baths
4,400 Sq Ft
$1,017/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $2,700,000 $614 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $25,070/month

10 Days on Market

Highlights

  • Water Views
  • New Construction
  • Property near a bay
  • Avalon Elementary School Rated A
  • In Ground Pool
  • Deck

About This Home

As of March 2020

This home is located at 221 56th St, Avalon, NJ 08202 since 30 December 2019 and is currently estimated at $4,476,405, approximately $1,017 per square foot. This property was built in 2019. 221 56th St is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Joseph Butler

A LEWIS PURDY REAL ESTATE INC License #0337270 Listed on: 12/30/2019

Last Buyer's Agent

John (Jack) Binder Jr

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,045

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Lot Dimensions are 60x110
  • Fenced Yard
  • Interior Lot

Interior Spaces

  • 4,400 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Living Room
  • Dining Room
  • Den
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Property near a bay
  • Deck
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 55 / 55.04

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,045

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Water View
  • District Township: 01-Avalon Borough
  • Near: Beach Bay
  • Also Includes: Blinds, Furniture, See Remarks
  • Estimated Year Built: 2019
  • Bay Proximity: 1 Block
  • Beach Proximity: 2 Blocks
  • New Construction: Yes
  • Second Address Number: 221
  • Lot Size2: 60x110
  • Price per Sq Ft: 613.64
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2019

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Smoke/Fire Alarm, Walk in Closet, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 6.1
  • Full Bathrooms: 6
  • Bedrooms: 7
  • Total Rooms: 11
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 4400
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room, See Remarks

Exterior Features

  • Construction: Three Story, See Remarks
  • Exterior: Other
  • Frontage: 60
  • Outside Features: Deck, Porch, Fenced Yard, Cable TV, Sidewalks, Outside Shower, In Ground Pool

Garage/Parking

  • Parking Garage: 3 Car, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 55
  • Lot Size: 6001-10000 SqFt

Tax Info

  • Taxes: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2019
Closed on
Mar 25, 2020
Sold by
Redforn Ocean Llc
Bought by
221 T
Seller's Agent
Joseph Butler
A LEWIS PURDY REAL ESTATE INC
Buyer's Agent
John (Jack) Binder Jr
FERGUSON-DECHERT, INC
List Price
$2,895,000
Sold Price
$2,700,000
Premium/Discount to List
-$195,000
-6.74%
Current Estimated Value
$4,476,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,776,405
Avg. Annual Appreciation
9.57%

Purchase Details

Closed on
May 18, 2018
Sold by
Phillips William J Est
Bought by
Redfern Ocean Llc
Source: Public Records

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
221 T $2,700,000 Misc Company
Redfern Ocean Llc $1,250,000 --
Phillips William J Est -- --
Phillips William J Est -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2020 03/31/20 Sold $2,700,000 -6.7% $614 / Sq Ft
01/09/2020 01/09/20 Pending -- -- --
12/30/2019 12/30/19 For Sale $2,895,000 -- $658 / 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
2025 $16,045 $2,613,200 $1,000,000 $1,613,200
2024 $16,045 $2,613,200 $1,000,000 $1,613,200
2023 $15,914 $2,613,200 $1,000,000 $1,613,200
2022 $14,843 $2,613,200 $1,000,000 $1,613,200
2021 $14,294 $2,613,200 $1,000,000 $1,613,200
2020 $5,260 $1,000,000 $1,000,000 $0
2019 $5,100 $1,000,000 $1,000,000 $0
2018 $6,806 $1,394,700 $1,249,900 $144,800
2017 $6,410 $1,152,800 $999,900 $152,900
2016 $6,340 $1,152,800 $999,900 $152,900
2015 $6,237 $1,152,800 $999,900 $152,900
2014 $6,167 $1,152,800 $999,900 $152,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 190883

Cape May County Association of REALTORS®

APN: 01-00055-04-00055