NOT LISTED FOR SALE

225 34th St Unit West side Avalon, NJ 08202

Estimated Value: $2,016,000 - $2,527,000

5 Beds
4 Baths
2,160 Sq Ft
$1,065/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $965,000 $447 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $13,213/month

6 Days on Market

Highlights

  • Property near a bay
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • Avalon Elementary School Rated A
  • Wood Flooring
  • Furnished

About This Home

As of September 2018

Exclusions to the sale: 3 pictures in the entry hall way, the "Peace, Love, and Sandy Feet" sign above the door to the porch, the "Beach More Worry Less" sign by the refrigerator, and the contents of the back yard shed. All other furniture, supplies, and accessories included in the sale. Adjacent owner uses as a summer home. The 50% of the shared expenses: $1949 dwelling insurance, $625 flood insurance, $124 umbrella (liability) policy. Updates: AC units replaced in 2017 and 2014; Hot water heater in 2015; Televisions- most in 2017; gas grill 2016; 2nd floor deck table 2018. Summer rentals starting 6/16. Total gross income of $26,440 with owners keeping 2 prime time weeks for family use. Peak rental rate of $3600. Sellers prefer settlement after Labor Day. Buyer to cooperate with a 1031 Tax Deferred Exchange at no cost to the buyer.

Last Listed By

Ann Delaney

Tim Kerr Sotheby's International Realty License #7938915 Listed on: 05/31/2018

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,700

Year Built

  • Built in 2004

Lot Details

  • 2,744

Interior Spaces

  • 2,160 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room
  • Dining Area
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 49-225 / 33.04

Community Details

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,700

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Inside Lot
  • District Township: 01-Avalon Borough
  • Near: Downtown and beach
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 2004
  • Bay Proximity: 1 Block
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Capital Contribution: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 225
  • Price per Sq Ft: 446.76
  • Selling Agent1: 1869
  • Selling Office1: 609
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2
  • Year Built: 2004

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Three
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Estimated Living Sq Ft: 2160
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room, Great Room, Storage Space, 1st Floor Master Bedroom

Garage/Parking

  • Parking: Parking Pad, 2 Car, Concrete Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: West side
  • Common Area Features: Deck/Porch, Storage Facilities, Cable TV, Outside Shower
  • Condo Fees: shared exp
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Wall To Wall Carpet, Cathedral Ceiling, Foyer, Tile Floors
  • Unit Location: Other (See Remarks)

Lot Info

  • Lot Number: 49-225
  • Total Assessment: 665500
  • Zoning: R-2A

Tax Info

  • Taxes: 3700.18
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 6, 2018
Sold by
Taylor Nolan Llc
Bought by
Rau James T and Logio Kim A
Total Days on Market
6
Current Estimated Value
$2,300,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$772,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2015
Sold by
Taylor Barbara Blair and Nolan Paul
Bought by
Taylor Nolan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 11, 2014
Sold by
Taylor Samuel E
Bought by
Taylor Barbara Blair

Purchase Details

Closed on
May 7, 2004
Sold by
Island Building Contractors Inc
Bought by
Taylor Samuel E and Taylor Barbara Blair

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.47%
Mortgage Type
Purchase Money Mortgage

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
Rau James T $965,000 --
Taylor Nolan Llc $300,000 Shore Title Agency Inc
Nolan Paul $400,000 Shore Title Agency Inc
Taylor Barbara Blair -- None Available
Taylor Samuel E $799,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rau James T $772,000
Previous Owner Nolan Paul $300,000
Previous Owner Taylor Samuel A $290,000
Previous Owner Taylor Samuel E $333,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2018 09/07/18 Sold $965,000 -2.4% $447 / Sq Ft
08/08/2018 08/08/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $989,000 -- $458 / 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 $5,525 $899,900 $600,000 $299,900
2023 $5,480 $899,900 $600,000 $299,900
2022 $5,111 $899,900 $600,000 $299,900
2021 $4,922 $899,900 $600,000 $299,900
2020 $4,733 $899,900 $600,000 $299,900
2019 $4,589 $899,900 $600,000 $299,900
2018 $4,392 $899,900 $600,000 $299,900
2017 $3,700 $665,500 $400,000 $265,500
2016 $3,660 $665,500 $400,000 $265,500
2015 $3,600 $665,500 $400,000 $265,500
2014 $3,560 $665,500 $400,000 $265,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 182221

Cape May County Association of REALTORS®

APN: 01-00033-04-00049-225