3009 Dune Dr Unit 5 Avalon, NJ 08202
Estimated payment $8,225/month
Total Views
1,073
3
Beds
2
Baths
1,666
Sq Ft
$780
Price per Sq Ft
Highlights
- Property near a bay
- Island Location
- Furnished
- Avalon Elementary School Rated A
- Wood Flooring
- 5-minute walk to Avalon Parks & Recreation Department
About This Home
TRULY A RARE FIND! This beautifully renovated two-story townhome is being sold as a package WITH the commercial unit below it! You can break down the price as you wish – an even split would mean that you’re only paying about $650,000 each for a commercial unit AND a townhome, which is a fantastic price!! The townhome alone is an incredible value, AND you get an income producing commercial unit with the purchase! The property offers an ideal “Park-n-Walk” location in the heart of Avalon, and there’s only two streets to cross on the way to amazing beaches! The spacious townhome features nearly 1,700 square feet of living area with 3 bedrooms, 2 bathrooms and two private decks! The Commercial unit also features a renovated interior, which is close to 1,000 square feet and includes front & rear entrances and a Powder Room. The Commercial unit is perfect for a business office or retail. No cooking is permitted on the premises. The property offers a large parking area in the rear, which will soon be repaved with a new fence installed. The income potential from this property is substantial, and having two units gives you ultimate flexibility. There are many options here! Projected rental income from the Commercial unit is $26,000/year and the townhome rented for $44,000 during the 2024 season. If your primary focus is personal enjoyment, then you can spend more time enjoying your property here on the 7 Mile Island, and less time renting, all the while letting the Commercial unit’s rent pay about two years worth of your Annual RE Tax & Condo Dues! Another way to view this is that the Commercial unit’s rental income offsets the payments on about $370,000 of your mortgage! If you’re purchasing using 75% financing, that’s about one-third of your loan amount paid for by the Commercial Unit’s rental income! FOR THE INVESTMENT MINDED, the projected $70,000 (+/-) in rent offsets the majority of your mortgage payment! Townhome is owner occupied, EZ to show.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,000
Year Built
- Built in 1986
HOA Fees
- $717 Monthly HOA Fees
Interior Spaces
- 1,666 Sq Ft Home
- 2-Story Property
- Furnished
- Ceiling Fan
- Blinds
- Living Room
- Dining Area
- Wood Flooring
Kitchen
- <<OvenToken>>
- <<microwave>>
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
Utilities
- Central Air
- Heating Available
- Electric Water Heater
Additional Features
- Property near a bay
- Island Location
Community Details
- Community Deck or Porch
- Fire and Smoke Detector
Listing and Financial Details
- Legal Lot and Block 30 / 38
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,991 | $650,000 | $400,000 | $250,000 |
| 2023 | $3,959 | $650,000 | $400,000 | $250,000 |
| 2022 | $3,692 | $650,000 | $400,000 | $250,000 |
| 2021 | $3,315 | $650,000 | $400,000 | $250,000 |
| 2020 | $3,419 | $650,000 | $400,000 | $250,000 |
| 2019 | $3,315 | $650,000 | $400,000 | $250,000 |
| 2018 | $3,172 | $650,000 | $400,000 | $250,000 |
| 2017 | $3,828 | $688,500 | $557,600 | $130,900 |
| 2016 | $3,787 | $688,500 | $557,600 | $130,900 |
| 2015 | $3,725 | $688,500 | $557,600 | $130,900 |
| 2014 | $3,683 | $688,500 | $557,600 | $130,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | For Sale | $1,299,000 | -- | $780 / Sq Ft |
Source: Cape May County Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $999,000 | Seaboard Title | |
| Deed | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $849,250 | New Conventional | |
| Previous Owner | $49,750 | Unknown | |
| Previous Owner | $50,000 | Unknown |
Source: Public Records
Similar Homes in Avalon, NJ
Source: Cape May County Association of REALTORS®
MLS Number: 252014
APN: 01-00030-03-00038-0000-C-5
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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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