NOT LISTED FOR SALE

4388 Ocean Dr Avalon, NJ 08202

Estimated Value: $6,992,000 - $9,509,926

7 Beds
7 Baths
5,400 Sq Ft
$1,540/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $8,499,000 $1,574 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $49,546/month

63 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • New Construction
  • Avalon Elementary School Rated A
  • Boat Slip
  • In Ground Pool

About This Home

As of June 2023

This home is located at 4388 Ocean Dr, Avalon, NJ 08202 since 18 June 2022 and is currently estimated at $8,318,642, approximately $1,540 per square foot. This property was built in 2022. 4388 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Ryan Vince

Tim Kerr Sotheby's International Realty Listed on: 06/18/2022

Last Buyer's Agent

Ryan Vince

Tim Kerr Sotheby's International Realty Listed on: 06/18/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 60x250
  • Property Fronts a Bay or Harbor
  • Fenced Yard
  • Interior Lot
  • Sprinkler System

Home Design

  • Upside Down Style Home
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 5,400 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Living Room
  • Dining Area
  • Den
  • Storage
  • Water Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 7 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Parking Pad

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Property is near a beach
  • Bulkhead
  • Boat Slip
  • Docks
  • Deck
  • Patio
  • Porch

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 20 / 42.05

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Inside Lot, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bay and Beach
  • Estimated Year Built: 2022
  • Beach Proximity: 1 Block
  • New Construction: Yes
  • Second Address Number: 4388
  • Lot Size2: 60x250
  • Price per Sq Ft: 1573.89
  • Selling Agent1: 2348
  • Selling Office1: 46
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Year Built: 2022

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Refrigerator, Washer, Dryer, Dishwasher
  • Interior Amenities: Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Smoke/Fire Alarm, Storage, Walk in Closet, Tile Flooring
  • Total Bathrooms: 7.2
  • Full Bathrooms: 7
  • Bedrooms: 7
  • Total Rooms: 18
  • Basement: Slab
  • Estimated Living Sq Ft: 5400
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Eat-In-Kitchen, Dining Area, Pantry, Laundry/Utility Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Brick, Wood
  • Frontage: 60
  • House Color: Blue
  • Outside Features: Patio, Deck, Porch, Fenced Yard, Dock, Bulkhead, Outside Shower, In Ground Pool, Boat Slips, Sprinkler System

Garage/Parking

  • Parking Garage: Garage, Parking Pad, Attached

Utilities

  • Cooling: Central Air Condition, Ceiling Fan, Multi Zoned
  • Heating: Gas Natural, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 20
  • Lot Size: 6001-10000 SqFt
  • Zoning: Res

Tax Info

  • Taxes: 9999999999
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Jun 1, 2023
Sold by
Welsh Ws Llc
Bought by
Rafferty Robert S and Rafferty Dana M
Seller's Agent
Ryan Vince
Tim Kerr Sotheby's International Realty
Buyer's Agent
Ryan Vince
Tim Kerr Sotheby's International Realty
List Price
$8,499,000
Sold Price
$8,499,000
Views
9
Current Estimated Value
$8,432,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$66,831
Avg. Annual Appreciation
-2.57%
Original Mortgage
$4,674,450
Outstanding Balance
$4,536,696
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$3,491,388

Purchase Details

Listed on
Nov 10, 2020
Closed on
Apr 6, 2021
Sold by
Narozanick Lisa G
Bought by
Welsh Ws Llc
Seller's Agent
Ann Delaney
Tim Kerr Sotheby's International Realty
Buyer's Agent
Ryan Vince
Tim Kerr Sotheby's International Realty
List Price
$3,695,000
Sold Price
$3,207,500
Premium/Discount to List
-$487,500
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.34%

Purchase Details

Closed on
Nov 8, 2012
Sold by
Vanistendal George
Bought by
Narozanick Lisa G

Purchase Details

Closed on
Jul 6, 2004
Sold by
Vanistendal Marilyn and Vanistendal George
Bought by
Vanistendal George and Vanistendal Marilyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,900
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Rafferty Robert S $8,499,000 Surety Title
Welsh Ws Llc $3,200,000 None Available
Narozanick Lisa G -- None Available
Vanistendal George -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rafferty Robert S $4,674,450
Previous Owner Narozanick Lisa G $0
Previous Owner Vanistendal George $110,000
Previous Owner Vanistendal George $395,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $8,499,000 0.0% $1,574 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $8,499,000 +165.0% $1,574 / Sq Ft
04/09/2021 04/09/21 Sold $3,207,500 -13.2% $1,419 / Sq Ft
02/06/2021 02/06/21 Pending -- -- --
11/10/2020 11/10/20 For Sale $3,695,000 -- $1,635 / 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 $35,722 $5,817,900 $1,575,000 $4,242,900
2024 $35,722 $5,817,900 $1,575,000 $4,242,900
2023 $9,592 $1,575,000 $1,575,000 $0
2022 $8,946 $1,575,000 $1,575,000 $0
2021 $9,509 $1,738,300 $1,575,000 $163,300
2020 $9,143 $1,738,300 $1,575,000 $163,300
2019 $8,865 $1,738,300 $1,575,000 $163,300
2018 $8,483 $1,738,300 $1,575,000 $163,300
2017 $9,984 $1,795,600 $1,600,000 $195,600
2016 $9,876 $1,795,600 $1,600,000 $195,600
2015 $9,714 $1,795,600 $1,600,000 $195,600
2014 $9,606 $1,795,600 $1,600,000 $195,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 221903

Cape May County Association of REALTORS®

APN: 01-00042-05-00020