$2,995,000
$200K PRICE DROP

2968 First Ave Avalon, NJ 08202

Estimated payment $17,082/month

Total Views 35,247
4 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Property near a bay
  • Deck
  • Wood Flooring
  • Avalon Elementary School Rated A
  • Ranch Style House
  • 2-minute walk to Surfside Park

About This Home

Opportunity to own a centrally located, well-maintained rancher a block from the heart of Avalon. This 4 Bedroom, 3 bathroom Single-Family home is well maintained and comes with a fabulous rental history under current Ownership. Purchase this move-in ready home as an investment property and take advantage of nearly $85,000 in gross rental income for the 2024 Season, or build here and walk to everything from your front door. This 50'x110' lot is less than 2 blocks from the beach, around the corner from downtown but far enough removed to enjoy solitude. This property is rented from beginning to end this Summer and has been rented solid since 2018. Contact the listing agent for any showings.

Listing Agent

Raymond Sampson

FERGUSON-DECHERT, INC Listed on: 04/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,497

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 50' x 110'
  • Interior Lot
  • Property is zoned R-1C

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Storage
  • Wood Flooring
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Pad
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck
  • Outdoor Storage
  • Outdoor Grill

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 / 29 03

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,497

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot
  • District Township: 01-Avalon Borough
  • Near: Beach, Downtown
  • Also Includes: Blinds, Rugs
  • Estimated Year Built: 1973
  • Bay Proximity: 2 Blocks
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 2968
  • Lot Size2: 50' X 110'
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1973

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Electric
  • Interior Amenities: Wood Flooring, Smoke/Fire Alarm, Storage
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 8
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen, Laundry/Utility Room, Florida Room, Storage Attic, See Remarks, 1st Floor Primary Bedroom

Exterior Features

  • Construction: Ranch
  • Exterior: Vinyl
  • Frontage: 50
  • Outside Features: Deck, Grill, Storage Building, Cable TV, Sidewalks, Outside Shower, See Remarks

Garage/Parking

  • Parking Garage: Parking Pad, 2 Car, Concrete Driveway

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
  • Zoning: R-1C

Tax Info

  • Taxes: 6497
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,497 $1,058,100 $900,000 $158,100
2023 $6,444 $1,058,100 $900,000 $158,100
2022 $6,010 $1,058,100 $900,000 $158,100
2021 $5,396 $1,058,100 $900,000 $158,100
2020 $5,566 $1,058,100 $900,000 $158,100
2019 $5,396 $1,058,100 $900,000 $158,100
2018 $5,164 $1,058,100 $900,000 $158,100
2017 $4,004 $720,100 $700,000 $20,100
2016 $3,961 $720,100 $700,000 $20,100
2015 $3,896 $720,100 $700,000 $20,100
2014 $3,853 $720,100 $700,000 $20,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2023 03/27/23 Price Changed $2,995,000 -6.3% --
04/27/2022 04/27/22 For Sale $3,195,000 +128.2% --
07/25/2018 07/25/18 Sold $1,400,000 -5.3% $801 / Sq Ft
06/25/2018 06/25/18 Pending -- -- --
09/25/2017 09/25/17 For Sale $1,479,000 -- $847 / Sq Ft
Source: Cape May County Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $1,400,000 --
Deed $205,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 Credit Line Revolving
Source: Public Records

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Source: Cape May County Association of REALTORS®

MLS Number: 221225

Cape May County Association of REALTORS®

APN: 01-00029-03-00022