NOT LISTED FOR SALE

34 Pelican Dr S Avalon, NJ 08202

Estimated Value: $7,086,000 - $8,704,000

4 Beds
3 Baths
2,656 Sq Ft
$2,969/Sq Ft Est. Value

Last Sold June 27, 2016

Last sale price $2,750,000 $1,035 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $45,004/month

44 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • In Ground Pool
  • Avalon Elementary School Rated A
  • Boat Slip
  • Deck

About This Home

As of June 2016

Newly renovated Bayfront home on the westward side of prestigious Pelican Drive offering sensational sunset vistas and unique water channel views over Whale Harbor. This upside down design is situated on a 60 'x 155' waterfront lot with vinyl bulkhead; maintenance-free stainless steel hand rails and composite decking on ramps and floating docks including 2 boat slips. The outdoor living area includes 2,000+ sf of outdoor deck space, enclosed by mahogany capped cable wire railing. The front door opens to a large waterfront, family game room with built in wet bar. First floor also includes two spacious bedrooms, hall bath, and laundry room with outside exit. The family room spans the width of the home on the bay and has immediate access to a large deck and swimming pool. Second floor great room offers a waterfront living area, kitchen with granite tops, new stainless steel appliances, center island and newly installed De Chateau hardwood floors throughout. The dining area is spacious and has immediate access to a wrap-around sun deck. The third bedroom has a dual purpose ensuite bath. The master bedroom is expansive, has a large walk-in closet and a beautiful ensuite marble bath with soaking tub, twin bowl vanity and a marble shower. The home is sold furnished less personal items. Storage is enhanced by a functional two car garage.

Last Agent to Sell the Property

Paul Hughes

RE/MAX SURFSIDE License #8737690 Listed on: 04/14/2016

RE/MAX SURFSIDE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,595

Lot Details

  • Property Fronts a Bay or Harbor

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bar
  • Living Room
  • Dining Room
  • Storage
  • Wood Flooring
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks
  • Deck
  • Outdoor Grill

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 74 / 86

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,595

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Electric
  • Interior Amenities: Bar, Wood Flooring, Kitchen Center Island, Smoke/Fire Alarm, Storage, Walk in Closet
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 9
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen, Recreation/Family, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Vinyl
  • House Color: Yellow
  • Outside Features: Deck, Grill, Dock, Bulkhead, Cable TV, Outside Shower, In Ground Pool, Boat Slips

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Number: 74
  • Lot Size: 60' x 155'
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: > 14595

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2016
Closed on
Jun 27, 2016
Sold by
Yeatman Pennock J and Yeatman Erin
Bought by
Ott Michael H and Ott Carolyn D
Seller's Agent
Paul Hughes
RE/MAX SURFSIDE
List Price
$2,875,000
Sold Price
$2,750,000
Premium/Discount to List
-$125,000
-4.35%
Current Estimated Value
$7,817,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,067,253
Avg. Annual Appreciation
12.28%
Original Mortgage
$687,500
Interest Rate
3.64%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 1, 2014
Sold by
Mckee Gerard J and Mckee Lynn B
Bought by
Yeatman Pennock J and Yeatman Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 27, 2003
Sold by
Potts Daniel W
Bought by
Mckee Gerard J and Mckee Lynn B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.25%

Purchase Details

Closed on
Aug 3, 2002
Sold by
Kim Susan
Bought by
Potts Daniel W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.58%

Purchase Details

Closed on
Jun 27, 1996
Sold by
Trust Elizabeth Toewe
Bought by
Kim Susan

Purchase Details

Closed on
Oct 10, 1991
Sold by
New Jersey Dep
Bought by
Toewe Toewe E and Toewe Mahoney,M L
Source: Public Records

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
Ott Michael H $2,750,000 None Available
Yeatman Pennock J $2,250,000 Seaboard Title Agency
Mckee Gerard J $2,125,000 --
Potts Daniel W $1,400,000 --
Kim Susan $500,000 --
Toewe Toewe E $69,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ott Michael H $4,002,000
Closed Ott Michael H $3,500,000
Closed Ott Michael H $687,500
Closed Ott Michael H $1,787,500
Previous Owner Yeatman Pennock J $1,500,000
Previous Owner Mckee Gerard J $417,000
Previous Owner Mckee Gerard J $340,000
Previous Owner Mckee Gerard J $500,000
Previous Owner Mckee Gerard J $920,000
Previous Owner Mckee Gerard J $1,000,000
Previous Owner Potts Daniel W $550,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2016 06/27/16 Sold $2,750,000 -4.3% $1,035 / Sq Ft
05/28/2016 05/28/16 Pending -- -- --
04/14/2016 04/14/16 For Sale $2,875,000 -- $1,082 / 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 $28,914 $4,709,200 $2,600,000 $2,109,200
2024 $28,914 $4,709,200 $2,600,000 $2,109,200
2023 $28,679 $4,709,200 $2,600,000 $2,109,200
2022 $26,748 $4,709,200 $2,600,000 $2,109,200
2021 $25,759 $4,709,200 $2,600,000 $2,109,200
2020 $24,770 $4,709,200 $2,600,000 $2,109,200
2019 $24,017 $4,709,200 $2,600,000 $2,109,200
2018 $12,688 $2,600,000 $2,600,000 $0
2017 $13,344 $2,400,000 $2,400,000 $0
2016 $14,838 $2,697,800 $2,400,000 $297,800
2015 $14,595 $2,697,800 $2,400,000 $297,800
2014 $14,433 $2,697,800 $2,400,000 $297,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 169705

Cape May County Association of REALTORS®

APN: 01-00086-0000-00074