NOT LISTED FOR SALE

2488 Avalon Ave Avalon, NJ 08202

Estimated Value: $4,559,000 - $7,257,000

6 Beds
6 Baths
4,545 Sq Ft
$1,320/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $6,000,000 $1,320 Per Sq Ft

Current estimated payment $33,618/month

40 Days on Market

Highlights

  • Water Views
  • New Construction
  • Island Location
  • Avalon Elementary School Rated A
  • In Ground Pool
  • 4-minute walk to Surfside Park

About This Home

As of April 2022

The home automation systems in this home are second to none. Distributed audio in every bedroom and every entertaining space, mechanized shades exterior cameras, lighting automation, motion sensor floor lighting in all bathroom vanities, and an extensive security package are all controlled from multiple access points and will impress even the most tech-savvy buyer. Situated just 8 homes from the beach and one cross street from the center of town, this central location is the epitome of a park your car for the weekend location. This home was not built for speculative purposes and was completed with a level of luxury not found in even the highest end spec homes. If you are in search of unrivaled quality and a spectacular, never lived in beach home that is ready to inhabit this summer, be sure to schedule your appointment to see this very special home before it is too late.

Last Agent to Sell the Property

John (Jack) Binder Jr

FERGUSON-DECHERT, INC Listed on: 02/18/2022

Last Buyer's Agent

Joseph Butler

A LEWIS PURDY REAL ESTATE INC License #0337270

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 60' x 110'
  • Fenced Yard
  • Corner Lot
  • Sprinkler System

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 4,545 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Dining Area
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Intercom
  • Alarm System
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Stone Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Heated On Demand

Additional Features

  • Deck
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 1.01 / 24.02

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Island, Water View
  • District Township: 01-Avalon Borough
  • Near: Beach and Town
  • Also Includes: Curtains, Blinds, Furniture
  • Estimated Year Built: 2022
  • New Construction: Yes
  • Lot Size2: 60' x 110'
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2022

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Burglar Alarm, Smoke/Fire Detector, Intercom, Wine Cooler
  • Interior Amenities: Bar, Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Security System, Smoke/Fire Alarm, Walk in Closet, Tile Flooring
  • Total Bathrooms: 6.2
  • Full Bathrooms: 6
  • Bedrooms: 6
  • Total Rooms: 16
  • Estimated Living Sq Ft: 4545
  • Other Rooms: Kitchen, Recreation/Family, Eat-In-Kitchen, Dining Area, Pantry, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Vinyl
  • House Color: White
  • Outside Features: Deck, Fenced Yard, Sidewalks, Outside Shower, In Ground Pool, Sprinkler System

Garage/Parking

  • Parking Garage: Stone Driveway, 4 car parking

Utilities

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

Lot Info

  • Lot Number: 1.01
  • Lot Size: 6001-10000 SqFt
  • Sub Lot: 20.01

Tax Info

  • Taxes: 9999999
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Apr 25, 2022
Sold by
Mckernan Geoffrey and Mckernan Nancy Ward
Bought by
2 Nj Goldfinch Llc
Seller's Agent
John (Jack) Binder Jr
FERGUSON-DECHERT, INC
Buyer's Agent
Joseph Butler
A LEWIS PURDY REAL ESTATE INC
List Price
$6,195,000
Sold Price
$6,000,000
Premium/Discount to List
-$195,000
-3.15%
Current Estimated Value
$5,999,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$709
Avg. Annual Appreciation
-0.00%
Original Mortgage
$4,200,000
Interest Rate
4.16%
Mortgage Type
Construction

Purchase Details

Listed on
Feb 17, 2020
Closed on
Apr 14, 2020
Sold by
Deck Roy and Deck Rossa A
Bought by
Mckernan Geoffrey and Mckernan Ward
Seller's Agent
Janet Bogorowski
COMPASS RE - Avalon Dune
Buyer's Agent
John (Jack) Binder Jr
FERGUSON-DECHERT, INC
List Price
$2,095,000
Sold Price
$2,050,000
Premium/Discount to List
-$45,000
-2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.17%

Purchase Details

Closed on
Apr 5, 2017
Sold by
Deck Roy
Bought by
Deck Roy and Deck Ross A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
2 Nj Goldfinch Llc $6,000,000 Seaboard Title
Mckernan Geoffrey $2,050,000 None Available
Deck Roy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 2 Nj Goldfinch Llc $4,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2022 04/25/22 Sold $6,000,000 -3.1% $1,320 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $6,195,000 +202.2% $1,363 / Sq Ft
04/17/2020 04/17/20 Sold $2,050,000 -2.1% $1,864 / Sq Ft View Prior Sale
02/25/2020 02/25/20 Pending -- -- --
02/17/2020 02/17/20 For Sale $2,095,000 -- $1,905 / 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 $23,234 $3,784,100 $1,285,000 $2,499,100
2024 $23,234 $3,784,100 $1,285,000 $2,499,100
2023 $23,045 $3,784,100 $1,285,000 $2,499,100
2022 $21,494 $3,784,100 $1,285,000 $2,499,100
2021 $7,029 $1,285,000 $1,285,000 $0
2020 $6,805 $1,293,800 $1,285,000 $8,800
2019 $6,598 $1,293,800 $1,285,000 $8,800
2018 $6,314 $1,293,800 $1,285,000 $8,800
2017 $5,617 $1,010,300 $995,500 $14,800
2016 $5,557 $1,010,300 $995,500 $14,800
2015 $5,466 $1,010,300 $995,500 $14,800
2014 $5,405 $1,010,300 $995,500 $14,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 220417

Cape May County Association of REALTORS®

APN: 01 00024- 02-00001- 01