NOT LISTED FOR SALE

294 48th St Avalon, NJ 08202

Estimated Value: $2,659,000 - $3,657,000

4 Beds
3 Baths
1,942 Sq Ft
$1,532/Sq Ft Est. Value

Last Sold August 08, 2017

Last sale price $1,175,000 $605 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $16,811/month

91 Days on Market

Highlights

  • Property is near a beach
  • Island Location
  • Fenced Yard
  • Avalon Elementary School Rated A
  • Deck
  • 1 Car Attached Garage

About This Home

As of August 2017

This home is located at 294 48th St, Avalon, NJ 08202 since 03 April 2017 and is currently estimated at $2,975,868, approximately $1,532 per square foot. This property was built in 1970. 294 48th St is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

John "Jack" Vizzard

BERKSHIRE HATHAWAY HS FOX & ROACH - AV Listed on: 04/03/2017

Last Buyer's Agent

Hugh Merkle

COMPASS RE - Stone Harbor

COMPASS RE - Stone Harbor

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,598

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 60 x 110
  • Fenced Yard
  • Interior Lot
  • Property is zoned R-1B

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,942 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Gas Fireplace
  • Blinds
  • Living Room
  • Dining Area
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay
  • Deck

Location

  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 22 / 48

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,598

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot, Island
  • District Township: 01-Avalon Borough
  • Near: Bay, Beach, and Town
  • Also Includes: Blinds, Partial Furniture, See Remarks
  • Estimated Year Built: 1970
  • Bay Proximity: 1 Block
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 294
  • Lot Size2: 60 x 110
  • Price per Sq Ft: 605.05
  • Selling Agent1: 348
  • Selling Office1: 95
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1970

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Fireplace- Gas, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 10
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1942
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, See Remarks
  • Exterior: Vinyl
  • House Color: Tan
  • Outside Features: Deck, Fenced Yard, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 1 Car, Attached

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 22
  • Lot Size: 1 to 6000 SqFt
  • Sub Lot: 24,26,71
  • Zoning: R-1B

Tax Info

  • Taxes: 5597.9
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2017
Closed on
Aug 8, 2017
Sold by
Burke Michael T and Burke Carol R
Bought by
Inserra Mark E and Bergan Catherine M
Seller's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
Buyer's Agent
Hugh Merkle
COMPASS RE - Stone Harbor
List Price
$1,249,000
Sold Price
$1,175,000
Premium/Discount to List
-$74,000
-5.92%
Current Estimated Value
$2,975,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,800,868
Avg. Annual Appreciation
11.84%
Original Mortgage
$940,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2015
Sold by
Burke Michael T and Burke Carol R
Bought by
Burke Family Trust and Burke Carol R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 30, 2000
Sold by
Hoy Richard
Bought by
Burke Michael T and Burke Carol R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
7.96%

Purchase Details

Closed on
Sep 6, 1996
Sold by
Paradise Irene
Bought by
Hoy Richard
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
Inserra Mark E $1,175,000 None Available
Burke Family Trust -- Attorney
Burke Michael T $495,000 --
Hoy Richard $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Inserra Mark E $750,000
Closed Inserra Mark E $940,000
Previous Owner Burke Michael T $300,000
Previous Owner Burke Michael T $300,000
Previous Owner Burke Michael T $396,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2017 08/08/17 Sold $1,175,000 -5.9% $605 / Sq Ft
07/09/2017 07/09/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $1,249,000 -- $643 / 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 $7,157 $1,165,700 $1,000,000 $165,700
2024 $7,157 $1,165,700 $1,000,000 $165,700
2023 $7,099 $1,165,700 $1,000,000 $165,700
2022 $6,621 $1,165,700 $1,000,000 $165,700
2021 $6,376 $1,165,700 $1,000,000 $165,700
2020 $6,132 $1,165,700 $1,000,000 $165,700
2019 $5,945 $1,165,700 $1,000,000 $165,700
2018 $5,689 $1,165,700 $1,000,000 $165,700
2017 $5,659 $1,017,800 $800,000 $217,800
2016 $5,598 $1,017,800 $800,000 $217,800
2015 $5,506 $1,017,800 $800,000 $217,800
2014 $5,445 $1,017,800 $800,000 $217,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 175523

Cape May County Association of REALTORS®

APN: 01-00048-04-00022