NOT LISTED FOR SALE

407 20th St Avalon, NJ 08202

Estimated Value: $2,783,490 - $3,542,000

5 Beds
4 Baths
-- Sq Ft
1,045 Sq Ft Lot

Last Sold October 11, 2016

Last sale price $1,725,000

Est. 81% increase in value since last sale

Current estimated payment $17,185/month

170 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Fenced Yard
  • Avalon Elementary School Rated A
  • Wood Flooring
  • Fireplace

About This Home

As of October 2016

Beautiful Bayfront Townhouse. This 2013 build Tom Welsh construction has 5 large bedrooms, 4 baths with gorgeous wide open views of the inlet and Cedar Island. Features include Entertainment room off the back, Hardy plank siding, custom paver driveway, hardwood floors, center-island, custom kitchen with hardwood cabinetry accented by custom granite countertops and state of the art stainless steel appliance package. Property also has plenty of room to store all your toys and a large garage. Vinyl bulkhead, floating dock and 12,000lb boat lift. 3rd floor master retreat has it's own deck over looking the bay master bath and large closet. Are you ready to start living life on the Bay?

Last Agent to Sell the Property

William Albrecht

COMPASS RE - Avalon Dune License #0683260 Listed on: 03/25/2016

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,471

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Bulkhead

Utilities

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

Community Details

  • Boat Dock

Listing and Financial Details

  • Legal Lot and Block 116 / 19

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,471

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Also Includes: Drapes, Curtains, Shades, Blinds
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: Three
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Other Rooms: Living Room, Dining Room, Kitchen, Recreation/Family, Dining Area, Storage Space

Garage/Parking

  • Parking: 3 Car, Attached

Utilities

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

Condo/Co-op/Association

  • Common Area Features: Fenced Yard, Storage Facilities, Dock/Boat Slip, Bulkhead, Cable TV, Outside Shower
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors
  • Unit Location: Water View

Lot Info

  • Lot Number: 116
  • Zoning: R-2B

Tax Info

  • Taxes: 5470.59

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 8, 2025
Sold by
Hempt Gerald and Hempt Geralyn P
Bought by
Gracetown Bay Llc
Current Estimated Value
$3,113,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Outstanding Balance
$3,200,000
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
-$86,127

Purchase Details

Closed on
May 8, 2025
Sold by
Gl Hempt 2012 Trust
Bought by
Hempt Gerald and Hempt Geralyn P

Purchase Details

Listed on
Mar 25, 2016
Closed on
Oct 11, 2016
Sold by
Kramkowski William J
Bought by
Hempt Geralyn P and Hempt Gerald
Seller's Agent
William Albrecht
COMPASS RE - Avalon Dune
List Price
$1,849,000
Sold Price
$1,725,000
Premium/Discount to List
-$124,000
-6.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.68%

Purchase Details

Closed on
Oct 31, 2013
Sold by
Welsh Thomas J
Bought by
Kramkowski William J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,067,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Oct 30, 2013
Sold by
Welsh Thomas J and Beste Robert
Bought by
Welsh Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,067,500
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 21, 2012
Sold by
Slm Financial Corporation
Bought by
Veit Norman R and Veit Lois Ann C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2006
Sold by
Oteri Stephen E and Oteri Mary C
Bought by
Jrb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,345,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 16, 2005
Sold by
Lockyer Robert C and Lockyer Estelle M
Bought by
Oteri Stephen E and Oteri Mary C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,209,250
Interest Rate
7.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gracetown Bay Llc $3,200,000 Seaboard Title
Hempt Gerald -- None Listed On Document
Hempt Geralyn P $1,725,000 None Available
Kramkowski William J $1,525,000 None Available
Welsh Thomas J -- None Available
Veit Norman R $549,000 Chicago Title
Jrb Llc $1,150,000 The Title Company Of Jersey
Oteri Stephen E $999,000 Congress Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gracetown Bay Llc $3,200,000
Previous Owner Kramkowski William J $1,067,500
Previous Owner Welsh Thomas J $1,067,500
Previous Owner Veit Norman R $399,000
Previous Owner Jrb Llc $1,345,000
Previous Owner Oteri Stephen E $1,209,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2016 10/11/16 Sold $1,725,000 -6.7% --
09/11/2016 09/11/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $1,849,000 -- --
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 $9,467 $1,541,900 $925,000 $616,900
2024 $9,467 $1,541,900 $925,000 $616,900
2023 $9,390 $1,541,900 $925,000 $616,900
2022 $8,758 $1,541,900 $925,000 $616,900
2021 $6,285 $1,541,900 $925,000 $616,900
2020 $8,110 $1,541,900 $925,000 $616,900
2019 $7,864 $1,541,900 $925,000 $616,900
2018 $7,524 $1,541,900 $925,000 $616,900
2017 $5,622 $1,011,200 $625,000 $386,200
2016 $5,562 $1,011,200 $625,000 $386,200
2015 $5,471 $1,011,200 $625,000 $386,200
2014 $5,410 $1,011,200 $625,000 $386,200
Source: Public Records

Agents Affiliated with this Home

  • William Albrecht

    Seller's Agent in 2016

    William Albrecht

    COMPASS RE - Avalon Dune

    (609) 602-3880

    35 in this area

    103 Total Sales

    William Albrecht
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 169311

Cape May County Association of REALTORS®

APN: 01-00019-06-00116-407

New Jersey Cape May County Avalon 08202

407 20th St, Avalon, NJ

Not Listed for Sale

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