NOT LISTED FOR SALE

4506 5th Ave Avalon, NJ 08202

Estimated Value: $5,200,000 - $7,563,000

1.38 Acres
$4,546,957 Price per Acre
60,113 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $3,200,000 $909 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $37,754/month

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Avalon Elementary School Rated A

About This Lot

As of March 2019

This home is located at 4506 5th Ave, Avalon, NJ 08202 since 12 December 2018 and is currently estimated at $6,274,800, approximately $1,782 per square foot. This property was built in 1986. 4506 5th Ave is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Jack Binder

FERGUSON-DECHERT, INC Listed on: 12/12/2018

Last Buyer's Agent

Holly C. Rennie, CRS,GRI,RSPS

FERGUSON-DECHERT, INC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,434

Year Built

  • 1986

Lot Details

  • Lot Dimensions are 60' x 155'
  • Property Fronts a Bay or Harbor
  • Cleared Lot
  • Property is zoned R-1B

Property Views

  • Water Views

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks

Listing and Financial Details

  • Legal Lot and Block 19 / 85

Property Details

Property Type

Land

Est. Annual Taxes

$13,434

Year Built

1986

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Residential Vacant Lot
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bayfront
  • Second Address Number: 4506
  • Lot Size2: 60' x 155'
  • Selling Agent1: 191
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1986

Lot Info

  • Lot Number: 19
  • Lot Size: 6000 to 10000 SqFt
  • Zoning: R-1B
  • Improvements: Paved Road, Bulkhead, Dock, Boat Slip
  • Topography: Cleared
  • Zoning: Residential

Tax Info

  • Taxes: 13433.66
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2018
Closed on
Apr 2, 2018
Sold by
Sanlippo Vincent and Sanfilippo Shannon S
Bought by
Glickman Robert J and Bernard Candace
Seller's Agent
Jack Binder
FERGUSON-DECHERT, INC
Buyer's Agent
Jack Binder
FERGUSON-DECHERT, INC
List Price
$2,950,000
Sold Price
$2,950,000
Total Days on Market
0
Current Estimated Value
$6,274,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,324,800
Avg. Annual Appreciation
11.10%

Purchase Details

Closed on
Oct 2, 2008
Sold by
Red Bridge Farm Corporation
Bought by
Sanfilippo Vincent and Sanfilippo Shannon S

Purchase Details

Closed on
Sep 19, 2008
Sold by
Gorman Renee V
Bought by
Red Bridge Farm Corporation
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Glickman Robert J $2,950,000 --
Sanfilippo Vincent $2,367,000 None Available
Red Bridge Farm Corporation -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Paul P $2,000,000
Previous Owner Gorman Albert E $400,000
Previous Owner Gorman Albert E $1,375,000
Previous Owner Gorman Renee $200,000
Previous Owner Gorman Renee $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $3,200,000 0.0% $909 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
12/12/2018 12/12/18 For Sale $3,200,000 +8.5% $909 / Sq Ft
04/02/2018 04/02/18 Sold $2,950,000 0.0% $838 / Sq Ft
03/15/2018 03/15/18 For Sale $2,950,000 -- $838 / 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
2024 $30,367 $4,945,800 $2,400,000 $2,545,800
2023 $30,120 $4,945,800 $2,400,000 $2,545,800
2022 $28,092 $4,945,800 $2,400,000 $2,545,800
2021 $27,054 $4,945,800 $2,400,000 $2,545,800
2020 $12,632 $2,401,500 $2,400,000 $1,500
2019 $12,248 $2,401,500 $2,400,000 $1,500
2018 $13,434 $2,752,800 $2,400,000 $352,800
2017 $11,410 $2,052,200 $1,700,000 $352,200
2016 $11,287 $2,052,200 $1,700,000 $352,200
2015 $11,102 $2,052,200 $1,700,000 $352,200
2014 $10,979 $2,052,200 $1,700,000 $352,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 185277

Cape May County Association of REALTORS®

APN: 01-00085-0000-00019