NOT LISTED FOR SALE

283 16th St Avalon, NJ 08202

Estimated Value: $1,046,000 - $1,613,000

3 Beds
2 Baths
1,414 Sq Ft
$891/Sq Ft Est. Value

Last Sold May 08, 2015

Last sale price $595,000 $421 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $7,139/month

43 Days on Market

Highlights

  • Property near a bay
  • Wood Flooring
  • Furnished
  • Avalon Elementary School Rated A
  • Corner Lot
  • Fenced Yard

About This Home

As of May 2015

Looking for a single home but your budget says NO? Then consider this "fee simple" corner home at 283 16th. The home acts like a single home even though it is attached. It offers a wonderful rear paver patio and yard right off the family room for the kids to play in after a day at the beach and a spacious fenced in sun deck off the kitchen ideal for the family barbeques. There is an enclosed private outside shower on the side of the home and two off-street parking spots for you and your guests. The traditional floorplan provides for a sun-filled kitchen off the front of the home with sliders providing tons of natural air and sunlight. The kitchen has been updated with new flooring, paint and fixtures. The kitchen conveniently flows into the spacious dining area that has also received a fresh color scheme and paint along with wonderful "wood like" flooring. Looking over into the updated living area the dining and living room complement each other with new flooring, paint and access to the backyard thru the rear slider. A conveniently located first floor powder room has also received a face lift. Upstairs are two comfortable guest rooms with new carpeting, paint and bedding sharing an updated hall bath. The spacious master suite with new carpet and paint sits in the front of the home filled with the afternoon sun and wonderful breezes thru the large windows overlooking the front deck. The master bath with shower just had a facelift as well. This conveniently located home is a few short blocks to wonderful beaches; just steps to Moran's dock side marina; a short bike ride Avalon's largest family recreation area and a short stroll into town for an evening of family fun! What more could your family want for a summer vacation home?

Last Agent to Sell the Property

Holly C. Rennie, CRS,GRI,RSPS

FERGUSON-DECHERT, INC Listed on: 02/24/2015

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,870

Year Built

  • Built in 1981

Lot Details

  • Fenced Yard
  • Interior Lot

Interior Spaces

  • 1,414 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 63.01 / 15.04

Community Details

Amenities

  • Building Patio
  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,870

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Inside Lot
  • District Township: 01-Avalon Borough
  • Near: Recreation & Bay
  • Also Includes: Curtains, Shades, Blinds, Furniture
  • Estimated Year Built: 1981
  • Bay Proximity: 1 Block
  • Beach Proximity: 3 Blocks
  • Pet Friendly: Owners allowed pets
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1981

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: Two
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1414
  • Other Rooms: Living Room, Dining Room, Kitchen, Laundry/Utility Room

Garage/Parking

  • Parking: 2 Car, Stone Driveway

Utilities

  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 283
  • Common Area Features: Patio, Deck/Porch, Fenced Yard, Cable TV, Outside Shower
  • Unit Features: Hardwood Floors, Wall To Wall Carpet
  • Unit Location: Corner

Lot Info

  • Lot Number: 63.01
  • Total Assessment: 349600
  • Zoning: RES

Tax Info

  • Taxes: 1870.36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2015
Closed on
May 8, 2015
Sold by
Waters David Fite and Waters Cynthia Drosdak
Bought by
Martin William A and Martin Barbara B
Seller's Agent
Holly C. Rennie, CRS,GRI,RSPS
FERGUSON-DECHERT, INC
List Price
$610,000
Sold Price
$595,000
Premium/Discount to List
-$15,000
-2.46%
Current Estimated Value
$1,259,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,223
Avg. Annual Appreciation
7.54%
Original Mortgage
$476,000
Outstanding Balance
$367,487
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$891,736

Purchase Details

Closed on
Nov 9, 2002
Sold by
Ferrino Phillip F
Bought by
Waters David Fite and Waters Cynthia Drosdak

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,590
Interest Rate
6.07%
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 Buyer Sale Price Title Company
Martin William A $595,000 Seaboard Title Agency
Waters David Fite $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin William A $476,000
Previous Owner Waters David Fite $355,000
Previous Owner Waters David Fite $368,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2015 05/08/15 Sold $595,000 -2.5% $421 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
02/24/2015 02/24/15 For Sale $610,000 -- $431 / 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 $3,489 $568,200 $390,000 $178,200
2024 $3,489 $568,200 $390,000 $178,200
2023 $3,460 $568,200 $390,000 $178,200
2022 $3,227 $568,200 $390,000 $178,200
2021 $3,108 $568,200 $390,000 $178,200
2020 $2,989 $568,200 $390,000 $178,200
2019 $2,898 $568,200 $390,000 $178,200
2018 $2,773 $568,200 $390,000 $178,200
2017 $1,944 $349,600 $190,000 $159,600
2016 $1,923 $349,600 $190,000 $159,600
2015 $1,891 $349,600 $190,000 $159,600
2014 -- $349,600 $190,000 $159,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 162518

Cape May County Association of REALTORS®

APN: 01 00015- 04-00063- 01