NOT LISTED FOR SALE

3518 Ocean Dr Avalon, NJ 08202

Avalon Area

Estimated Value: $3,266,447 - $4,672,000

0.23 Acre
$17,295,648 Price per Acre
9,888 Sq Ft Lot

Sale Details

Date Sold: December 21, 2016

Last sale price $1,650,000

Est. 138% increase in value since last sale

Current estimated payment $22,550 / mo

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

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks

Lot Details

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

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

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2018
Sold by
Bought by
Current Estimated Value
$3,926,112

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
0.031%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jul 3, 2016
Closed on
Dec 21, 2016
Sold by
Bought by
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
9.45%

Purchase Details

Closed on
Apr 11, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 1992
Sold by
Bought by

Purchase Details

Closed on
May 1, 1991
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,021,449 --
$1,650,000 None Available
-- Nc Title Insurance
$6,700 --
$200,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,902 $1,938,400 $975,000 $963,400
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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® 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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