$3,599,000
SOLD APR 22, 2025

262 55th St Avalon, NJ 08202

5 Beds
4 Baths
2,704 Sq Ft
1.38 Acres

Recently Sold

$1,331 Per Sq Ft

10 Days on Market

Highlights

  • Water Views
  • In Ground Pool
  • Island Location
  • Avalon Elementary School Rated A
  • Property is near a beach
  • Deck

About This Home

As of April 2025

This home is located at 262 55th St, Avalon, NJ 08202 and is currently priced at $3,599,000, approximately $1,330 per square foot. This property was built in 2016. 262 55th St is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Ryan Vince

Tim Kerr Sotheby's International Realty Listed on: 02/10/2025

Last Buyer's Agent

Robert Pellini

LONG & FOSTER REAL ESTATE, INC sic

LONG & FOSTER REAL ESTATE, INC sic

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,383

Year Built

  • Built in 2016

Lot Details

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

Home Design

  • Upside Down Style Home
  • Concrete Siding
  • Masonry Siding

Interior Spaces

  • 2,704 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Den
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 3 Car Detached Garage
  • Parking Pad
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Property is near a beach
  • Property near a bay
  • Deck
  • Patio
  • Outdoor Storage
  • Outdoor Grill
  • Porch

Location

  • Island Location

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Water Heated On Demand

Listing and Financial Details

  • Legal Lot and Block 38,40,42 / 55.04

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,383

Year Built

Built in 2016

Lot Details

1.38 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Island, Water View
  • District Township: 01-Avalon Borough
  • Near: Bay and Beach
  • Also Includes: Blinds, Rugs, Furniture
  • Estimated Year Built: 2016
  • Bay Proximity: 1 Block
  • Beach Proximity: 1 Block
  • New Construction: No
  • Lot Size2: 60x110
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2016

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Smoke/Fire Alarm, Walk in Closet, Tile Flooring, 1763, 1764
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Total Rooms: 14
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2704
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Concrete, Masonry Block, 1779
  • Frontage: 60
  • Outside Features: Patio, Deck, Porch, Grill, Fenced Yard, Storage Building, Outside Shower, In Ground Pool, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, Parking Pad, 3 Car, Detached, Concrete Driveway

Utilities

  • Cooling: Ceiling Fan
  • Heating: Gas Natural
  • Hot Water: Gas- Natural, On Demand
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 38,40,42
  • Lot Size: 1 to 6000 SqFt
  • Sub Lot: 87,89,91

Tax Info

  • Taxes: 10382.74
  • Tax Year: 2024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Apr 11, 2025
Sold by
Ryan Joseph M and Ryan Mary Ann
Bought by
Pellini Matthew J and Pellini Tara J
Seller's Agent
Ryan Vince
Tim Kerr Sotheby's International Realty
Buyer's Agent
Robert Pellini
LONG & FOSTER REAL ESTATE, INC sic
List Price
$3,599,000
Sold Price
$3,599,000
Views
18
Current Estimated Value
$3,904,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,131
Avg. Annual Appreciation
10.43%
Original Mortgage
$2,879,200
Outstanding Balance
$2,863,298
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$1,040,833

Purchase Details

Closed on
Dec 18, 1997
Sold by
Sjustrom John V
Bought by
Ryan Joseph and Ryan Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.14%
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 Type Sale Price Title Company
Bargain Sale Deed $3,599,000 Shore Title
Bargain Sale Deed $3,599,000 Shore Title
Deed $255,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,879,200 New Conventional
Closed $2,879,200 New Conventional
Previous Owner $200,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2025 04/22/25 Sold $3,599,000 0.0% $1,331 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $3,599,000 -- $1,331 / Sq Ft
Source: Cape May County Association of REALTORS®

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 $10,383 $1,691,000 $1,000,000 $691,000
2024 $10,383 $1,691,000 $1,000,000 $691,000
2023 $10,298 $1,691,000 $1,000,000 $691,000
2022 $9,605 $1,691,000 $1,000,000 $691,000
2021 $9,250 $1,691,000 $1,000,000 $691,000
2020 $8,895 $1,691,000 $1,000,000 $691,000
2019 $8,624 $1,691,000 $1,000,000 $691,000
2018 $8,252 $1,691,000 $1,000,000 $691,000
2017 $7,718 $1,388,200 $800,000 $588,200
2016 $4,400 $800,000 $800,000 $0
2015 $4,421 $817,200 $800,000 $17,200
2014 $4,372 $817,200 $800,000 $17,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 250370

Cape May County Association of REALTORS®

APN: 01-00055-04-00038

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