NOT LISTED FOR SALE

3518 Ocean Dr Avalon, NJ 08202

Estimated Value: $3,308,594 - $4,049,000

0.23 Acre
$16,221,137 Price per Acre
9,888 Sq Ft Lot

Last Sold December 21, 2016

Last sale price $1,650,000

Est. 123% increase in value since last sale

Current estimated payment $20,227/month

141 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Level Lot
  • Avalon Elementary School Rated A
  • Boat Slip

About This Lot

As of December 2016

Rare oversized (90' x 110') Bayfront multi-family lot with magnificent views & only 2.5 blocks to beach and close to town. This lot will support a side by side townhouse with a size that will rival a single family home. This property is being sold in "as is" condition & buyer is responsible for removing existing structure. Furnished with minor exceptions.

Last Agent to Sell the Property

Donald Evans Jr

A LEWIS PURDY REAL ESTATE INC Listed on: 07/03/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,480

Lot Details

  • Property Fronts a Bay or Harbor
  • Level Lot
  • Cleared Lot
  • Property is zoned Duplex, Multi-Family, R-2A

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks

Utilities

  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 70 / 35.05

Property Details

Property Type

Land

Est. Annual Taxes

$10,480

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Vacant Lot
  • Location: Bay Front
  • District Township: 01-Avalon Borough
  • Near: Beach & Town
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Frontage: 90

Lot Info

  • Lot Number: 70
  • Lot Size: 90 x 110
  • Total Assessment: 1937300
  • Zoning: R-2A
  • Lot Size Range: 6000 to 10000 SqFt
  • Improvements: Paved Road, Curb, Sidewalk, Gas, Electric, Water, Sewer, Bulkhead, Dock, Boat Slip, Cable TV
  • Specific Lot Information: Cafra Required
  • Topography: Cleared, Level
  • Zoning: Duplex, Multi-Family

Tax Info

  • Taxes: > 10480

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2018
Sold by
Peruto Development Llc
Bought by
Rosser Jeffrey W and Rosser Kristina
Current Estimated Value
$3,682,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,550,000
Interest Rate
3.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 3, 2016
Closed on
Dec 21, 2016
Sold by
Avalon House Trust
Bought by
Peruto Development Llc
Seller's Agent
Donald Evans Jr
A LEWIS PURDY REAL ESTATE INC
List Price
$1,687,000
Sold Price
$1,650,000
Premium/Discount to List
-$37,000
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.29%

Purchase Details

Closed on
Apr 11, 2013
Sold by
Walker Deborah E and Estate Of Philip P Buxton
Bought by
Avalon House Trust

Purchase Details

Closed on
Apr 1, 1992
Sold by
New Jersey Dep
Bought by
Buxton Philip T and Buxton Jane P

Purchase Details

Closed on
May 1, 1991
Sold by
Biemuller Martha L and Biemuller Pike,Anne H
Bought by
Buxton Philip T and Buxton Jane P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rosser Jeffrey W $2,021,449 --
Peruto Development Llc $1,650,000 None Available
Avalon House Trust -- Nc Title Insurance
Buxton Philip T $6,700 --
Buxton Philip T $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosser Jeffrey W $1,550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2016 12/21/16 Sold $1,650,000 -2.2% --
11/21/2016 11/21/16 Pending -- -- --
07/03/2016 07/03/16 For Sale $1,687,000 -- --
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 $11,902 $1,938,400 $975,000 $963,400
2024 $11,902 $1,938,400 $975,000 $963,400
2023 $11,785 $1,935,200 $975,000 $960,200
2022 $10,992 $1,935,200 $975,000 $960,200
2021 $10,586 $1,935,200 $975,000 $960,200
2020 $10,179 $1,935,200 $975,000 $960,200
2019 $9,870 $1,935,200 $975,000 $960,200
2018 $10,757 $1,755,700 $1,750,000 $5,700
2017 $10,728 $1,937,300 $1,750,000 $187,300
2016 $10,655 $1,937,300 $1,750,000 $187,300
2015 $10,481 $1,937,300 $1,750,000 $187,300
2014 $10,365 $1,937,300 $1,750,000 $187,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Donald Evans Jr

    A LEWIS PURDY REAL ESTATE INC

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 171184

Cape May County Association of REALTORS®

APN: 01-00035-05-00070

New Jersey Cape May County Avalon 08202

3518 Ocean Dr, Avalon, NJ

Not Listed for Sale

Lots

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