NOT LISTED FOR SALE

4298 4th Ave Avalon, NJ 08202

Estimated Value: $4,063,000 - $5,034,000

6 Beds
3 Baths
2,800 Sq Ft
$1,598/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $1,600,000 $571 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $24,530/month

494 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Cathedral Ceiling
  • Avalon Elementary School Rated A
  • Deck
  • Skylights

About This Home

As of March 2015

Situated on a sandy beach lot on the easterly shore of Yale Harbor, this six bedroom, 3 1/2 bath Contemporary upside down home provides room for the captain and the whole crew! The home features vaulted ceilings, lots of closets, a nearly maintenance-free exterior, generous deck space and an oversized two car garage in addition to off-street parking for a fleet of cars! Marine facilities include a catwalk to a floating dock and two slips, one with a boatlift. The home is offered furnished with a few exceptions. Appointment required to show.

Last Agent to Sell the Property

Brian Campbell

COMPASS RE - Avalon Dune License #7835525 Listed on: 10/23/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,522

Year Built

  • Built in 1988

Lot Details

  • Property Fronts a Bay or Harbor
  • Property is zoned R-1B

Home Design

  • Upside Down Style Home
  • Vinyl Siding
  • Asphalt

Interior Spaces

  • 2,800 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Laminate Flooring
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Alarm System
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • Stone Driveway

Outdoor Features

  • Outdoor Shower
  • Docks
  • Deck
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 37 / 42

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,522

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front
  • District Township: 01-Avalon Borough
  • Near: 42nd St.
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs
  • Estimated Year Built: 1988
  • Beach Proximity: 4 Blocks
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1988

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Trash Compactor, Burglar Alarm, Smoke/Fire Detector, Stove Electric
  • Interior Amenities: Cathedral Ceilings, Security System, Skylight, Smoke/Fire Alarm, Laminate Flooring
  • Total Bathrooms: 3.1
  • Full Bathrooms: 3
  • Bedrooms: 6
  • Total Rooms: 9
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2800
  • Other Rooms: Living Room, Kitchen, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Upside Down
  • Exterior: Asphalt, Vinyl
  • Frontage: 60
  • House Color: Gray
  • Outside Features: Deck, Storage Building, Dock, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 2 Car, Attached, Stone Driveway, 4 car parking

Utilities

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

Lot Info

  • Lot Number: 37
  • Lot Size: 60x210
  • Total Assessment: 1870600
  • Zoning: R-1B
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 9522
  • Assessor Parcel Number: 01000420006000370000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2013
Closed on
Mar 31, 2015
Sold by
Weil Margaret M
Bought by
Petrongolo Paul F and Petrongolo Amy S
Seller's Agent
Brian Campbell
COMPASS RE - Avalon Dune
List Price
$1,895,000
Sold Price
$1,600,000
Premium/Discount to List
-$295,000
-15.57%
Current Estimated Value
$4,473,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,873,078
Avg. Annual Appreciation
10.09%
Original Mortgage
$600,000
Outstanding Balance
$462,394
Interest Rate
3.77%
Mortgage Type
New Conventional
Estimated Equity
$4,010,684

Purchase Details

Closed on
Jan 14, 2008
Sold by
Weil Edward M and Weil Margaret M
Bought by
Weil Edward M and Weil Margaret M

Purchase Details

Closed on
Oct 13, 2005
Sold by
Weil Margaret M
Bought by
Weil Edward M and Weil Margaret M

Purchase Details

Closed on
May 12, 1993
Sold by
Weil Edward M and Weil Margaret M
Bought by
Weil Margaret M

Purchase Details

Closed on
Oct 30, 1992
Sold by
Weil Margaret M
Bought by
Weil Edward M and Weil Margaret M

Purchase Details

Closed on
Oct 19, 1989
Sold by
Weil Edward and Weil Margret
Bought by
Weil Margaret
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
Petrongolo Paul F $1,600,000 Southern United Title Agency
Weil Edward M -- None Available
Weil Edward M -- None Available
Weil Edward M -- None Available
Weil Margaret M -- --
Weil Edward M -- --
Weil Margaret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petrongolo Paul F $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2015 03/31/15 Sold $1,600,000 -15.6% $571 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
10/23/2013 10/23/13 For Sale $1,895,000 -- $677 / 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 $12,009 $1,955,800 $1,501,600 $454,200
2024 $12,009 $1,955,800 $1,501,600 $454,200
2023 $11,911 $1,955,800 $1,501,600 $454,200
2022 $11,109 $1,955,800 $1,501,600 $454,200
2021 $9,975 $1,955,800 $1,501,600 $454,200
2020 $10,288 $1,955,800 $1,501,600 $454,200
2019 $9,975 $1,955,800 $1,501,600 $454,200
2018 $9,544 $1,955,800 $1,501,600 $454,200
2017 $10,401 $1,870,600 $1,372,500 $498,100
2016 $10,288 $1,870,600 $1,372,500 $498,100
2015 $10,120 $1,870,600 $1,372,500 $498,100
2014 -- $1,870,600 $1,372,500 $498,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 154577

Cape May County Association of REALTORS®

APN: 01-00042-06-00037