NOT LISTED FOR SALE

2488 1st Ave Avalon, NJ 08202

Estimated Value: $2,882,000 - $4,587,000

5 Beds
2 Baths
-- Sq Ft
1.38 Acres

Last Sold September 25, 2019

Last sale price $1,500,000

Est. 175% increase in value since last sale

Current estimated payment $23,399/month

7 Days on Market

Highlights

  • Property near a bay
  • Corner Lot
  • Porch
  • Avalon Elementary School Rated A
  • Furnished
  • 1 Car Attached Garage

About This Home

As of September 2019

This home is located at 2488 1st Ave, Avalon, NJ 08202 since 03 September 2019 and is currently estimated at $4,119,345. This property was built in 1950. 2488 1st Ave is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Barbara G. Roff

LONG & FOSTER REAL ESTATE, INC av License #8035304 Listed on: 09/03/2019

Last Buyer's Agent

Barbara G. Roff

LONG & FOSTER REAL ESTATE, INC av License #8035304 Listed on: 09/03/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,704

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 60 x 110
  • Corner Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Wood Burning Fireplace
  • Living Room
  • Dining Area
  • Wall to Wall Carpet
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Patio
  • Porch

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 22 / 24.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,704

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner
  • District Township: 01-Avalon Borough
  • Near: beach, bay and town
  • Also Includes: Furniture
  • Estimated Year Built: 1950
  • Bay Proximity: 2 Blocks
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Lot Size2: 60 X 110
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Wall to Wall Carpet, Fireplace- Wood
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Total Rooms: 7
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Dining Area

Exterior Features

  • Construction: Two Story
  • Exterior: Vinyl
  • Outside Features: Patio, Porch, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Garage, Parking Pad, 1 Car, Attached

Utilities

  • Cooling: Central Air Condition, Window Air Conditioning
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 22
  • Lot Size: 6001-10000 SqFt
  • Total Assessment: 964000

Tax Info

  • Taxes: 4704.32
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 26, 2021
Sold by
Welsh Thomas J
Bought by
Feit Scott and Feit Staci
Current Estimated Value
$4,119,345

Purchase Details

Listed on
Sep 3, 2019
Closed on
Sep 25, 2019
Sold by
Vermeychuk Daniel and Vermeychuck Doris
Bought by
Welsh Thomas J
Seller's Agent
Barbara G. Roff
LONG & FOSTER REAL ESTATE, INC av
Buyer's Agent
Barbara G. Roff
LONG & FOSTER REAL ESTATE, INC av
List Price
$1,750,000
Sold Price
$1,500,000
Premium/Discount to List
-$250,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.76%

Purchase Details

Closed on
Nov 25, 1996
Sold by
Sylvester Steven and Sylvester Lois
Bought by
Vermeychuk Daniel and Vermeychuk Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
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
Feit Scott $3,300,000 None Available
Welsh Thomas J $1,500,000 Seaboard Title
Vermeychuk Daniel $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vermeychuk Daniel $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2019 09/25/19 Sold $1,500,000 -14.3% --
09/10/2019 09/10/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $1,750,000 -- --
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 $19,744 $3,215,700 $950,000 $2,265,700
2024 $19,744 $3,215,700 $950,000 $2,265,700
2023 $19,447 $3,193,200 $950,000 $2,243,200
2022 $18,137 $3,193,200 $950,000 $2,243,200
2021 $3,647 $950,000 $950,000 $0
2020 $4,997 $950,000 $950,000 $0
2019 $4,916 $964,000 $950,000 $14,000
2018 $4,704 $964,000 $950,000 $14,000
2017 $4,217 $758,500 $735,000 $23,500
2016 $4,172 $758,500 $735,000 $23,500
2015 $4,103 $758,500 $735,000 $23,500
2014 $4,058 $758,500 $735,000 $23,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 189373

Cape May County Association of REALTORS®

APN: 01-00024-03-00022