NOT LISTED FOR SALE

2654 Ocean Dr Avalon, NJ 08202

Estimated Value: $2,494,000 - $4,386,000

5 Beds
4 Baths
3,148 Sq Ft
$1,171/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $2,612,500 $830 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $20,297/month

21 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Deck
  • Avalon Elementary School Rated A
  • Boat Slip
  • Cathedral Ceiling

About This Home

As of October 2020

This home is located at 2654 Ocean Dr, Avalon, NJ 08202 since 13 July 2020 and is currently estimated at $3,687,470, approximately $1,171 per square foot. This property was built in 1997. 2654 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Robert J. Scully Jr

FERGUSON-DECHERT, INC Listed on: 07/13/2020

Last Buyer's Agent

Jack Binder

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,201

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 40'x110'
  • Property Fronts a Bay or Harbor

Parking

  • Driveway

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 3,148 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Great Room
  • Living Room
  • Dining Area
  • Storage
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Bulkhead
  • Boat Slip
  • Docks
  • Deck

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 69 / 26.05

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,201

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Also Includes: Furniture, Window Treatments
  • Estimated Year Built: 1997
  • Beach Proximity: 4 Blocks
  • New Construction: No
  • Second Address Number: 2654
  • Lot Size2: 40'X110'
  • Price per Sq Ft: 829.89
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Wood Flooring, Storage, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 4.1
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Total Rooms: 9
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 3148
  • Other Rooms: Living Room, Kitchen, Recreation/Family, Dining Area, Laundry/Utility Room, Great Room, See Remarks

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Vinyl
  • Frontage: 40
  • House Color: Cream
  • Outside Features: Deck, Dock, Bulkhead, Sidewalks, Outside Shower, Boat Slips

Garage/Parking

  • Parking Garage: Concrete Driveway

Utilities

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

Lot Info

  • Lot Number: 69
  • Lot Size: 1 to 6000 SqFt

Tax Info

  • Taxes: 8201.31
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Sep 5, 2020
Sold by
Hayat Hamid and Bakhtar-Hayat Maryam
Bought by
Hopffman Andrew J
Seller's Agent
Robert J. Scully Jr
FERGUSON-DECHERT, INC
Buyer's Agent
Jack Binder
FERGUSON-DECHERT, INC
List Price
$2,750,000
Sold Price
$2,612,500
Premium/Discount to List
-$137,500
-5%
Current Estimated Value
$3,687,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,074,970
Avg. Annual Appreciation
7.46%
Original Mortgage
$2,090,000
Outstanding Balance
$1,863,140
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,869,633

Purchase Details

Closed on
Mar 28, 2008
Sold by
Hayat Hamid and Hayat Maryam Bakhtar
Bought by
Hayat Hamid and Hayat Maryam Bakhtar

Purchase Details

Closed on
Sep 24, 2005
Sold by
Seaboard Exchange Corp
Bought by
Hayat Hamid and Hayat Maryam Bakhtar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$818,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 20, 2005
Sold by
Pappas Edward H and Pappas Betty V
Bought by
Seaboard Exchange Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$818,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 30, 1996
Sold by
Clowney William
Bought by
Pappas Edward H and Pappas Betty V
Source: Public Records

Range of Values:

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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
Hopffman Andrew J $2,612,500 None Available
Hayat Hamid -- None Available
Hayat Hamid $2,130,000 --
Seaboard Exchange Corp -- --
Pappas Edward H $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hopffman Andrew J $2,090,000
Previous Owner Hayat Hamid $818,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2020 10/09/20 Sold $2,612,500 -5.0% $830 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $2,750,000 -- $874 / 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 $9,874 $1,608,100 $850,000 $758,100
2024 $9,874 $1,608,100 $850,000 $758,100
2023 $9,793 $1,608,100 $850,000 $758,100
2022 $9,134 $1,608,100 $850,000 $758,100
2021 $8,796 $1,608,100 $850,000 $758,100
2020 $8,459 $1,608,100 $850,000 $758,100
2019 $8,201 $1,608,100 $850,000 $758,100
2018 $7,848 $1,608,100 $850,000 $758,100
2017 $8,599 $1,546,600 $850,000 $696,600
2016 $8,506 $1,546,600 $850,000 $696,600
2015 $8,367 $1,546,600 $850,000 $696,600
2014 $8,274 $1,546,600 $850,000 $696,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Robert J. Scully Jr

    FERGUSON-DECHERT, INC

  • J

    Buyer's Agent in 2020

    Jack Binder

    FERGUSON-DECHERT, INC

    (609) 778-8656

    135 in this area

    168 Total Sales

    Jack Binder
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 202582

Cape May County Association of REALTORS®

APN: 01-00026-05-00069

New Jersey Cape May County Avalon 08202

2654 Ocean Dr, Avalon, NJ

This home is located at 2654 Ocean Dr, Avalon, NJ 08202 since 13 July 2020 and is currently estimated at $3,687,470, approximately $1,171 per square foot. This property was built in 1997. 2654 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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