NOT LISTED FOR SALE

333 40th St Unit 333 Avalon, NJ 08202

Estimated Value: $1,550,000 - $1,925,000

4 Beds
2 Baths
1,600 Sq Ft
$1,123/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $1,400,000 $875 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $10,366/month

29 Days on Market

Highlights

  • Property near a bay
  • Cathedral Ceiling
  • Skylights
  • Avalon Elementary School Rated A
  • Furnished
  • Interior Lot

About This Home

As of November 2021

Seller is selling this property as part of a Tax Deferred Exchange. The Buyer will be asked to cooperate with the paperwork required to facilitate the Exchange, provided their cooperation results in no additional liability or expense to the Buyer.

Last Listed By

Kimberly Elisano

FERGUSON-DECHERT, INC Listed on: 08/09/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,638

Year Built

  • Built in 1987

Lot Details

  • 2,744

Interior Spaces

  • 1,600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Skylights
  • Blinds
  • Living Room
  • Dining Area

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 75 / 39.05

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,638

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Inside Lot
  • District Township: 01-Avalon Borough
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1987
  • Bay Proximity: 1 Block
  • Beach Proximity: 3 Blocks
  • New Construction: No
  • Second Address Number: 333
  • Listing Office2: 29
  • Price per Sq Ft: 875
  • Selling Agent1: 6127
  • Selling Office1: 828
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1
  • Year Built: 1987

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Number Of Stories: Two
  • Total Bathrooms: 2.1
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Estimated Living Sq Ft: 1600
  • Other Rooms: Living Room, Kitchen, Dining Area

Garage/Parking

  • Parking: 2 Car, Stone Driveway

Utilities

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

Condo/Co-op/Association

  • Unit: 333
  • Common Area Features: Outside Shower
  • Unit Features: Skylight, Cathedral Ceiling

Lot Info

  • Lot Number: 75

Tax Info

  • Taxes: 3637.82
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Nov 10, 2021
Sold by
Leiber Robert T and Lieber Eileen B
Bought by
Demming Robert W and Mcclatchy-Deming Lisa
Seller's Agent
Kimberly Elisano
FERGUSON-DECHERT, INC
Buyer's Agent
Andrew McClatchy
COMPASS RE - Moorestown
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%
Total Days on Market
29
Current Estimated Value
$1,797,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,334
Avg. Annual Appreciation
7.44%
Original Mortgage
$1,120,000
Outstanding Balance
$1,037,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$760,334

Purchase Details

Listed on
Aug 9, 2021
Closed on
Nov 5, 2021
Sold by
331-333 40Th Street Condominium
Bought by
331-333 40Th Street Condominium Association
Seller's Agent
Kimberly Elisano
FERGUSON-DECHERT, INC
Buyer's Agent
Andrew McClatchy
COMPASS RE - Moorestown
List Price
$1,450,000
Sold Price
$1,400,000
Premium/Discount to List
-$50,000
-3.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,120,000
Outstanding Balance
$1,037,000
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$760,334

Purchase Details

Closed on
Jan 20, 2006
Sold by
Borel Edward and Borel Edith
Bought by
Lieber Robert T and Lieber Eileen B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,375
Interest Rate
6.34%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 22, 2005
Sold by
Borel Edward and Borel Edith
Bought by
Borel Garth S

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
Demming Robert W $1,400,000 None Available
331-333 40Th Street Condominium Association -- Gilman Cory J
Lieber Robert T $722,500 None Available
Lieber Robert T $722,500 None Available
Borel Garth S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demming Robert W $1,120,000
Previous Owner Lieber Robert T $460,000
Previous Owner Lieber Robert T $108,375
Previous Owner Lieber Robert T $469,625
Previous Owner Lieber Robert T $505,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2021 11/10/21 Sold $1,400,000 -3.4% $875 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,450,000 -- $906 / 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 $4,246 $691,600 $500,000 $191,600
2023 $4,212 $691,600 $500,000 $191,600
2022 $3,928 $691,600 $500,000 $191,600
2021 $3,783 $691,600 $500,000 $191,600
2020 $3,638 $691,600 $500,000 $191,600
2019 $3,527 $691,600 $500,000 $191,600
2018 $3,375 $691,600 $500,000 $191,600
2017 $3,474 $624,800 $450,000 $174,800
2016 $3,436 $624,800 $450,000 $174,800
2015 $3,380 $624,800 $450,000 $174,800
2014 $3,343 $624,800 $450,000 $174,800
Source: Public Records

Agents Affiliated with this Home

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Source: Cape May County Association of REALTORS®

MLS Number: 212999

Cape May County Association of REALTORS®

APN: 01-00039-05-00075-333