$4,000,000
SOLD MAY 3, 2019

4525 4th Ave Avalon, NJ 08202

6 Beds
6 Baths
1,836 Sq Ft
1.38 Acres

Recently Sold

$2,179 Per Sq Ft

7% Below List Price

136 Days on Market

Highlights

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

About This Home

As of May 2019

This home is located at 4525 4th Ave, Avalon, NJ 08202 and is currently priced at $4,000,000, approximately $2,178 per square foot. This property was built in 2018. 4525 4th Ave is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Mark Marroletti

LONG & FOSTER REAL ESTATE, INC av Listed on: 04/27/2018

Last Buyer's Agent

Jack Binder

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,999

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • Lot Dimensions are 60 x 250
  • Property Fronts a Bay or Harbor
  • Sprinkler System

Parking

  • 4 Car Attached Garage

Home Design

  • Upside Down Style Home
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Living Room
  • Dining Area
  • Storage
  • Water Views
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks
  • Deck
  • Patio
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 49 / 42.05

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,999

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bayfront
  • Estimated Year Built: 2018
  • Beach Proximity: 4 Blocks
  • New Construction: Yes
  • Second Address Number: 4525
  • Lot Size2: 60 X 250
  • Selling Agent1: 3502
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2018

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Interior Amenities: Bar, Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Smoke/Fire Alarm, Storage, Walk in Closet, Wall to Wall Carpet
  • Total Bathrooms: 6.2
  • Full Bathrooms: 6
  • Bedrooms: 6
  • Total Rooms: 18
  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Recreation/Family, Dining Area, Laundry/Utility Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Wood
  • Outside Features: Patio, Deck, Storage Building, Dock, Bulkhead, Cable TV, Sidewalks, Outside Shower, In Ground Pool, Boat Slips, Sprinkler System

Garage/Parking

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

Utilities

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

Lot Info

  • Lot Number: 49
  • Lot Size: 10000-20000 SqFt

Tax Info

  • Taxes: 9999

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2017
Closed on
Oct 17, 2017
Sold by
R & R Nj Partners Llc
Bought by
Camaplan Administrator
Seller's Agent
Daniel Bowersock
FERGUSON-DECHERT, INC
Buyer's Agent
Mark Marroletti
LONG & FOSTER REAL ESTATE, INC av
List Price
$1,895,000
Sold Price
$1,800,000
Premium/Discount to List
-$95,000
-5.01%
Current Estimated Value
$7,397,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,597,905
Avg. Annual Appreciation
19.65%

Purchase Details

Closed on
Nov 20, 2006
Sold by
Margolis Eric J and Margolis Margaret R
Bought by
Rishforth William L and R & R Nj Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,440,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2000
Sold by
Sarshik Harold D
Bought by
Margolis Eric J and Margolis Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.69%

Purchase Details

Closed on
Apr 17, 1998
Sold by
Kane Andrew I
Bought by
Sarshik Harold D and Sarshik Joyce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.11%

Purchase Details

Closed on
Oct 25, 1991
Sold by
New Jersey Dep
Bought by
Kane Andrew I and Kane Jean M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,800,000 --
Deed $1,800,000 Seaboard Title
Deed $850,000 --
Deed $535,000 --
Quit Claim Deed $7,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,250,000 Adjustable Rate Mortgage/ARM
Previous Owner $2,869,406 Stand Alone Refi Refinance Of Original Loan
Previous Owner $1,440,000 Unknown
Previous Owner $1,440,000 Purchase Money Mortgage
Previous Owner $450,000 No Value Available
Previous Owner $300,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2019 05/03/19 Sold $4,000,000 -6.9% $2,179 / Sq Ft
09/10/2018 09/10/18 Pending -- -- --
04/27/2018 04/27/18 For Sale $4,295,000 +138.6% $2,339 / Sq Ft
10/23/2017 10/23/17 Sold $1,800,000 -5.0% $980 / Sq Ft
09/23/2017 09/23/17 Pending -- -- --
04/29/2017 04/29/17 For Sale $1,895,000 -- $1,032 / 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 $23,777 $3,872,500 $1,700,000 $2,172,500
2024 $23,777 $3,872,500 $1,700,000 $2,172,500
2023 $23,584 $3,872,500 $1,700,000 $2,172,500
2022 $21,996 $3,872,500 $1,700,000 $2,172,500
2021 $21,183 $3,872,500 $1,700,000 $2,172,500
2020 $20,369 $3,872,500 $1,700,000 $2,172,500
2019 $8,686 $1,703,200 $1,700,000 $3,200
2018 $8,312 $1,703,200 $1,700,000 $3,200
2017 $9,371 $1,685,500 $1,600,000 $85,500
2016 $9,270 $1,685,500 $1,600,000 $85,500
2015 $9,119 $1,685,500 $1,600,000 $85,500
2014 $9,017 $1,685,500 $1,600,000 $85,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 181611

Cape May County Association of REALTORS®

APN: 01-00042-05-00049