NOT LISTED FOR SALE

3868 First Ave Avalon, NJ 08202

Estimated Value: $2,602,000 - $4,749,000

4 Beds
2 Baths
1,439 Sq Ft
$2,739/Sq Ft Est. Value

Last Sold April 30, 2015

Last sale price $1,605,000 $1,115 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $22,151/month

177 Days on Market

Highlights

  • Property is near a beach
  • Cape Cod Architecture
  • Wood Flooring
  • Avalon Elementary School Rated A
  • Cathedral Ceiling
  • 4-minute walk to 39th Street Park

About This Home

As of April 2015

Classic Avalon cottage located steps to 39th street beach path. This location is one of Avalon's best providing ocean views, our largest beaches and a quiet setting. First floor consists of two bedrooms both with original hardwood floors. A spacious living room opens up to the Dining area conveniently located right off of the kitchen. A large rear deck is ideal for entertaining and great summer barbeques. Located in an X zone this is one of the highest locations in Avalon. Sold furnished minus some personal items this home is a excellent opportunity to get a beach block home without the beach block price. Don't miss your chance to own a piece of the greatest shore town there is!

Last Agent to Sell the Property

Joseph Butler

A LEWIS PURDY REAL ESTATE INC License #0337270 Listed on: 10/05/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,246

Year Built

  • Built in 1965

Lot Details

  • Interior Lot

Home Design

  • Cape Cod Architecture
  • Asbestos Siding

Interior Spaces

  • 1,439 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Blinds
  • Living Room
  • Dining Area
  • Screened Porch
  • Wood Flooring
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay
  • Patio
  • Outdoor Grill

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 22 / 38.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,246

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Inside Lot
  • District Township: 01-Avalon Borough
  • Near: Beach
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1965
  • Bay Proximity: 3 Blocks
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1965

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Cathedral Ceilings, Wood Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Total Rooms: 7
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 1439
  • Other Rooms: Living Room, Kitchen, Dining Area

Exterior Features

  • Construction: Cape Cod
  • Exterior: Asbestos
  • Frontage: 50
  • House Color: Yellow
  • Outside Features: Patio, Screened Porch, Grill, Cable TV, Sidewalks, Outside Shower

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 22
  • Lot Size: 50x110
  • Total Assessment: 980600
  • Zoning: Res
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 5246.21
  • Assessor Parcel Number: 01000380003000220000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2014
Closed on
Apr 30, 2015
Sold by
Farquhar Duncan H and Farquhar Linda D
Bought by
Mudrick Christopher Haidin and Mudrick Jeanne Marie
Seller's Agent
Joseph Butler
A LEWIS PURDY REAL ESTATE INC
List Price
$1,695,000
Sold Price
$1,605,000
Premium/Discount to List
-$90,000
-5.31%
Current Estimated Value
$3,941,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,336,277
Avg. Annual Appreciation
10.05%
Original Mortgage
$1,284,000
Outstanding Balance
$957,729
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,395,284

Purchase Details

Closed on
Apr 26, 2006
Sold by
Bonitalis Dominic and Breznicky David M
Bought by
Farquhar Duncan H and Farquhar Linda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 7, 2004
Sold by
Swearingen James J and Swearingen Lee
Bought by
Bonitalis Dominic and Breznicky David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,304,000
Interest Rate
4.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2003
Sold by
Ireland Charles Edwin
Bought by
Swearingen James and Swearingen Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.18%
Source: Public Records

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
Mudrick Christopher Haidin $1,605,000 Seaboard Title Agency
Farquhar Duncan H $1,975,000 Seaboard Title Agency
Bonitalis Dominic $1,630,000 The Title Company Of Jersey
Swearingen James $837,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mudrick Christopher Haidin $1,284,000
Previous Owner Farquhar Duncan H $1,050,000
Previous Owner Bonitalis Dominic $1,304,000
Previous Owner Swearingen James $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2015 04/30/15 Sold $1,605,000 -5.3% $1,115 / Sq Ft
03/31/2015 03/31/15 Pending -- -- --
10/05/2014 10/05/14 For Sale $1,695,000 -- $1,178 / 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 $15,074 $2,455,000 $1,350,000 $1,105,000
2024 $15,074 $2,455,000 $1,350,000 $1,105,000
2023 $14,951 $2,455,000 $1,350,000 $1,105,000
2022 $13,944 $2,455,000 $1,350,000 $1,105,000
2021 $13,429 $2,455,000 $1,350,000 $1,105,000
2020 $12,913 $2,455,000 $1,350,000 $1,105,000
2019 $12,521 $2,455,000 $1,350,000 $1,105,000
2018 $6,588 $1,350,000 $1,350,000 $0
2017 $5,452 $980,600 $962,500 $18,100
2016 $5,393 $980,600 $962,500 $18,100
2015 $5,305 $980,600 $962,500 $18,100
2014 -- $980,600 $962,500 $18,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 160459

Cape May County Association of REALTORS®

APN: 01-00038-03-00022