NOT LISTED FOR SALE

286 16th St Unit 3 Avalon, NJ 08202

Estimated Value: $1,120,000

3 Beds
2 Baths
1,072 Sq Ft
$250/mo HOA Fee

Last Sold August 21, 2020

Last sale price $625,000 $583 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,716/month

351 Days on Market

Highlights

  • Property near a bay
  • Island Location
  • Corner Lot
  • Avalon Elementary School Rated A
  • Wood Flooring
  • Furnished

About This Home

As of August 2020

This home is located at 286 16th St Unit 3, Avalon, NJ 08202 since 16 July 2019 and is currently estimated at $1,120,000, approximately $1,044 per square foot. This property was built in 1984. 286 16th St Unit 3 is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Listed By

Holly C. Rennie, CRS,GRI,RSPS

FERGUSON-DECHERT, INC Listed on: 07/16/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,261

Year Built

  • Built in 1984

Lot Details

  • 7,841

HOA Fees

  • $250 Monthly HOA Fees

Interior Spaces

  • 1,072 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Living Room
  • Dining Area

Kitchen

  • 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

  • 1 Parking Space
  • Driveway
  • Assigned Parking

Outdoor Features

  • Outdoor Shower
  • Property near a bay

Utilities

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

Additional Features

  • Interior Lot
  • Island Location

Listing and Financial Details

  • Legal Lot and Block 65 / 16.04

Community Details

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,261

Year Built

Built in 1984

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Corner, Inside Lot, Island
  • District Township: 01-Avalon Borough
  • Near: Beach and Town
  • Also Includes: Furniture
  • Estimated Year Built: 1984
  • Bay Proximity: 1 Block
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 286
  • Price per Sq Ft: 583.02
  • Selling Agent1: 4991
  • Selling Agent2: 2887
  • Selling Office1: 609
  • Selling Office2: 609
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Quarterly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1984

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: Two
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1072
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Garage/Parking

  • Parking: 1 Car, Assigned Parking, Black Top Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: 3
  • Common Area Features: Storage Facilities, Cable TV, Outside Shower
  • Condo Fees: 750/qtr.
  • Unit Features: Hardwood Floors, Wall To Wall Carpet

Lot Info

  • Lot Number: 65
  • Total Assessment: 443300
  • Zoning: Res.

Tax Info

  • Taxes: 2260.83
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2024
Sold by
Cottone Christopher and Cottone Sylvana
Bought by
Gioffre Michael J and Gioffre Erica
Total Days on Market
351
Current Estimated Value
$1,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$712,544
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$407,456

Purchase Details

Listed on
Jul 16, 2019
Closed on
Aug 21, 2020
Sold by
Stewart Jamie W and Stewart Jennifer A
Bought by
Cottoneq Christopher and Cottone Sylvania
Seller's Agent
Holly C. Rennie, CRS,GRI,RSPS
FERGUSON-DECHERT, INC
Buyer's Agent
Denise Doyle Chambers
COMPASS RE - AV Dune
List Price
$675,000
Sold Price
$625,000
Premium/Discount to List
-$50,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.21%
Original Mortgage
$500,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2015
Closed on
Sep 11, 2015
Sold by
Prosceno Michaesl and Prosceno Kristi L
Bought by
Stewart Jamie W and Stewart Jennifer A
Seller's Agent
Roger Soens
COMPASS RE - AV Dune
List Price
$535,000
Sold Price
$536,725
Premium/Discount to List
$1,725
0.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$53,600
Interest Rate
3.97%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 26, 2007
Sold by
Gundlach Chase
Bought by
Prosceno Michael and Prosceno Kristi L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,000
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 27, 2006
Sold by
Nasuti Domenick C
Bought by
Gundlach Chace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 1999
Sold by
J M And J S Associates
Bought by
Nasuti Domenick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.76%

Range of Values:

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Average Value
Not Available
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
Gioffre Michael J $1,050,000 Surety Title
Cottoneq Christopher $625,000 Misc Company
Stewart Jamie W $536,725 Seaboard Title Agency
Prosceno Michael $585,000 Shore Title Agency Inc
Gundlach Chace $465,000 None Available
Nasuti Domenick $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gioffre Michael J $720,000
Previous Owner Cottoneq Christopher $500,000
Previous Owner Stewart Jamie W $79,000
Previous Owner Stewart Jamie W $53,600
Previous Owner Stewart Jamie W $402,500
Previous Owner Prosceno Michael $468,000
Previous Owner Gundlach Chace $372,000
Previous Owner Nasuti Domenick C $50,000
Previous Owner Nasuti Domenick C $30,000
Previous Owner Nasuti Domenick C $10,000
Previous Owner Nasuti Domenick $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $625,000 -7.4% $583 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
07/16/2019 07/16/19 For Sale $675,000 +25.8% $630 / Sq Ft
09/11/2015 09/11/15 Sold $536,725 +0.3% $501 / Sq Ft
08/12/2015 08/12/15 Pending -- -- --
06/23/2015 06/23/15 For Sale $535,000 -- $499 / 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
2024 $2,722 $443,300 $288,400 $154,900
2023 $2,700 $443,300 $288,400 $154,900
2022 $2,518 $443,300 $288,400 $154,900
2021 $2,261 $443,300 $288,400 $154,900
2020 $2,332 $443,300 $288,400 $154,900
2019 $2,261 $443,300 $288,400 $154,900
2018 $2,163 $443,300 $288,400 $154,900
2017 $2,113 $380,000 $240,400 $139,600
2016 $2,090 $380,000 $240,400 $139,600
2015 $2,056 $380,000 $240,400 $139,600
2014 $2,033 $380,000 $240,400 $139,600
Source: Public Records

Agents Affiliated with this Home

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Source: Cape May County Association of REALTORS®

MLS Number: 188759

Cape May County Association of REALTORS®

APN: 01-00016-04-00065-02-C-3