NOT LISTED FOR SALE

478 24th St Avalon, NJ 08202

Estimated Value: $2,559,000 - $4,220,000

-- Bed
-- Bath
-- Sq Ft
4,400 Sq Ft Lot

Last Sold September 30, 2016

Last sale price $740,000

Est. 367% increase in value since last sale

Current estimated payment $19,131/month

126 Days on Market

Highlights

  • Water Views
  • Island Location
  • Furnished
  • Avalon Elementary School Rated A
  • Deck
  • Breakfast Area or Nook

About This Home

As of September 2016

Are you looking for spectacular sunset views? And the peace and quiet of the wetlands? This duplex is the location for you! Enjoy the wildlife of the wetlands from your back deck. Well maintained multi-family home. This property has not been rented, the sellers have enjoyed spending time with family and friends in their spacious multi- family home. Watch the sunset from either deck during happy hour or enjoy the quietness of the morning while waiting to see the wildlife of the wetlands come to life! There is plenty of off-street parking for all your family including space in the driveway for 3 cars. This property can easily be an income generating rental property or you can build a new construction single family home. Additionally this property is equipped with an outdoor shower, and is only a quick walk into the center of town for dining and shopping. This home is easy to show and affordably priced. Buy now so you can enjoy it for the 2016 Summer!

Last Agent to Sell the Property

John "Jack" Vizzard

BERKSHIRE HATHAWAY HS FOX & ROACH - AV Listed on: 04/27/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,875

Year Built

  • Built in 1980

Lot Details

  • 4,400

Parking

  • 3 Parking Spaces

Home Design

  • Duplex

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Laundry Room
  • Water Views
  • Crawl Space
  • Breakfast Area or Nook

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Location

  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Legal Lot and Block 132 / 24

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,875

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Location: Island, Water View
  • District Township: 01-Avalon Borough
  • Near: Town
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1980
  • Beach Proximity: 4 Blocks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Breakfast Nook, Dining Area, Laundry/Utility Room, Storage Space

Exterior Features

  • Outside Features: Patio, Deck, Porch, Storage Building, Cable TV, Sidewalks, Outside Shower, Waterview

Garage/Parking

  • Parking: 3 Car

Utilities

  • Separate Meter: Cable TV
  • Cooling: Ceiling Fan, Wall Air Conditioning
  • Heating: Electric, Baseboard
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 132
  • Lot Size: 40X110
  • Zoning: R-2B
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Taxes: 3874.64

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2016
Closed on
Sep 30, 2016
Sold by
Smith Georgina A and Parkinson Jeanne
Bought by
Romanelli Daniel and Romanelli Jill
Seller's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
List Price
$855,000
Sold Price
$740,000
Premium/Discount to List
-$115,000
-13.45%
Current Estimated Value
$3,455,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,715,256
Avg. Annual Appreciation
19.57%
Original Mortgage
$37,000
Interest Rate
3.46%
Mortgage Type
Credit Line Revolving
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
Romanelli Daniel $740,000 None Available
Romanelli Daniel $740,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romanelli Daniel $37,000
Open Romanelli Daniel $555,000
Closed Romanelli Daniel $555,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $740,000 -13.5% --
08/31/2016 08/31/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $855,000 -- --
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 $9,749 $1,587,800 $675,000 $912,800
2024 $9,749 $1,587,800 $675,000 $912,800
2023 $9,670 $1,587,800 $675,000 $912,800
2022 $9,019 $1,587,800 $675,000 $912,800
2021 $8,685 $1,587,800 $675,000 $912,800
2020 $8,352 $1,587,800 $675,000 $912,800
2019 $8,098 $1,587,800 $675,000 $912,800
2018 $7,748 $1,587,800 $675,000 $912,800
2017 $2,919 $525,000 $525,000 $0
2016 $3,939 $716,200 $525,000 $191,200
2015 $3,875 $716,200 $525,000 $191,200
2014 $3,832 $716,200 $525,000 $191,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 170095

Cape May County Association of REALTORS®

APN: 01-00024-06-00132