$7,000,000
SOLD SEP 22, 2022

2589 Avalon Ave Avalon, NJ 08202

5 Beds
3 Baths
1,832 Sq Ft
2.53 Acres

Recently Sold

$3,821 Per Sq Ft

12% Below List Price

85 Days on Market

Highlights

  • Water Views
  • Property near a bay
  • Cape Cod Architecture
  • Avalon Elementary School Rated A
  • Building is beachfront but unit may not have water views
  • 3-minute walk to Surfside Park

About This Home

As of September 2022

This home is located at 2589 Avalon Ave, Avalon, NJ 08202 and is currently priced at $7,000,000, approximately $3,820 per square foot. This property was built in 1952. 2589 Avalon Ave is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Douglas Newbold

NEWBOLD REAL ESTATE CO Listed on: 08/31/2021

Last Buyer's Agent

Jack Binder

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,732

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 110x110
  • Building is beachfront but unit may not have water views
  • Corner Lot
  • Property is zoned R-C1

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 1,832 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Great Room
  • Living Room
  • Dining Area
  • Water Views

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 4 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1,2 / 25.01

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,732

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Block, Corner, Water View
  • District Township: 01-Avalon Borough
  • Near: Beachblock
  • Estimated Year Built: 1952
  • Bay Proximity: 3 Blocks
  • New Construction: No
  • Second Address Number: 2589
  • Lot Size2: 110x110
  • Price per Sq Ft: 3820.96
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Stove Electric
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 5
  • Total Rooms: 10
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 1832
  • Other Rooms: Living Room, Kitchen, Dining Area, Great Room, Laundry Closet

Exterior Features

  • Construction: Two Story, Cape Cod
  • Exterior: Vinyl
  • Frontage: 110
  • House Color: Gray
  • Outside Features: Patio, Deck, Porch, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: 2 Car, Attached, Auto Door Opener, 4 car parking

Utilities

  • Cooling: Ceiling Fan, Window Air Conditioning
  • Heating: Gas Natural, Electric, Space/Wall/Floor
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 1,2
  • Lot Size: 10000-20000 SqFt
  • Total Assessment: 2145200
  • Zoning: R-C1

Tax Info

  • Taxes: 11732
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2021
Closed on
Sep 22, 2022
Sold by
Spaeth Drew
Bought by
Beach House 5 Llc
Seller's Agent
Douglas Newbold
Newbold Real Estate Co.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$7,995,000
Sold Price
$7,000,000
Premium/Discount to List
-$995,000
-12.45%
Current Estimated Value
$7,885,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$885,848
Avg. Annual Appreciation
4.04%

Purchase Details

Closed on
Jan 15, 2022
Sold by
Marjorie Rankin
Bought by
Rankin Drew Spaeth Marjo and Spaeth Karl

Purchase Details

Closed on
Dec 31, 2007
Sold by
Spaeth Drew and Rankin Marjorie
Bought by
Spaeth Drew and Rankin Marjorie
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 Type Sale Price Title Company
Deed $7,000,000 Seaboard Title
Quit Claim Deed -- Seaboard Title
Quit Claim Deed -- Seaboard Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2022 09/22/22 Sold $7,000,000 0.0% $3,821 / Sq Ft
09/22/2022 09/22/22 Sold $7,000,000 -12.4% $3,821 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
11/24/2021 11/24/21 Pending -- -- --
09/30/2021 09/30/21 For Sale $7,995,000 0.0% $4,364 / Sq Ft
08/31/2021 08/31/21 For Sale $7,995,000 -- $4,364 / 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 $13,201 $6,356,100 $3,440,000 $2,916,100
2024 $13,201 $2,150,000 $2,150,000 $0
2023 $13,768 $2,260,800 $2,150,000 $110,800
2022 $12,841 $2,260,800 $2,150,000 $110,800
2021 $12,366 $2,260,800 $2,150,000 $110,800
2020 $11,892 $2,260,800 $2,150,000 $110,800
2019 $11,530 $2,260,800 $2,150,000 $110,800
2018 $11,033 $2,260,800 $2,150,000 $110,800
2017 $10,186 $1,832,100 $1,720,000 $112,100
2016 $10,077 $1,832,100 $1,720,000 $112,100
2015 $9,912 $1,832,100 $1,720,000 $112,100
2014 $9,802 $1,832,100 $1,720,000 $112,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 213537

Cape May County Association of REALTORS®

APN: 01-00025-01-00001