NOT LISTED FOR SALE

481 7th St Avalon, NJ 08202

Estimated Value: $3,511,000 - $6,697,968

6 Beds
8 Baths
3,400 Sq Ft
$1,483/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $6,600,000 $1,941 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $27,703/month

363 Days on Market

Highlights

  • 50 Feet of Waterfront
  • New Construction
  • Water Oriented
  • Avalon Elementary School Rated A
  • Private Pool
  • Gourmet Kitchen

About This Home

As of June 2023

Stunning 180 degree views of where the Ocean meets the Bay and Avalon meets Sea Isle City. This Blane Steinman designed, Glenn Lolli built home is truly one of kind. Watch amazing sunrises and stunning sunsets as boats sail by, go through Townsends Inlet and up & down the Intra Coastal Waterway! This new construction will feature a 3,400 (approx.) sq.ft., 3 story home with an elevator; a swimming pool, cabana, a 2 car garage, an additional 2 car parking pad, a large enclosed storage area, 2 washer/2 dryers, 2 extra refrigerator drawers, built in wine storage, 6 bedrooms with 6.2 bathrooms providing space for everyone, great room with gas fireplace, extra first floor family room, full pantry, first floor wet bar, third floor office and roof top deck. Expected completion by end of first quarter 2023.

Last Agent to Sell the Property

Mary Messina

(215) 630-8003 mary.messina@longandfoster.com Long & Foster Real Estate, Inc. License #1972148 Listed on: 05/27/2022

Long & Foster Real Estate, Inc.

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,935

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 5,502 Sq Ft Lot
  • Lot Dimensions are 50.00 x 110.00
  • 50 Feet of Waterfront
  • Extensive Hardscape
  • Property is in excellent condition
  • Property is zoned R-1C

Parking

  • 2 Car Attached Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Frame Construction
  • Piling Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Fireplace
  • Wood Flooring
  • Home Security System

Kitchen

  • Gourmet Kitchen
  • Self-Cleaning Oven
  • Six Burner Stove
  • Cooktop
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Wine Rack
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry on lower level
  • Front Loading Dryer
  • Front Loading Washer

Pool

  • Private Pool
  • Outdoor Shower

Outdoor Features

  • Water Oriented
  • Property near a bay
  • Exterior Lighting
  • Outdoor Grill

Utilities

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

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Community Details

  • No Home Owners Association
  • Built by Glen Lolli Construction
  • None Available Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 00109
  • Assessor Parcel Number 01-00006 06-00109

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,935

Year Built

Built in 2022 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2022
  • Automatically Close On Close Date: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Extra Refrigerator/Freezer, Oven - Self Cleaning, Stainless Steel Appliances, Six Burner Stove, Washer, Washer - Front Loading, Dryer - Front Loading
  • Flooring Type: Wood
  • Interior Amenities: Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Pantry, Walk-In Closet(s), Wet/Dry Bar, Wine Storage, Wood Floors
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Lower Floor, Upper Floor
  • Total Sq Ft: 3400
  • Living Area Sq Ft: 3400
  • Price Per Sq Ft: 1911.76
  • Above Grade Finished Sq Ft: 3400
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 3
  • Total Bathrooms: 8
  • Full Bathrooms: 6
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Lower Levels Bathrooms: 4
  • Upper Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 4.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Construction Completed: No
  • Exterior Features: Bbq Grill, Exterior Lighting, Outside Shower, Extensive Hardscape
  • Water Access: No
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: No
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Multi Units, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 1045000.00
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50.00 x 110.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5502.00
  • Property Condition: Excellent
  • Zoning: R-1C

Building Info

  • Builder Name: Glen Lolli Construction

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3741686
  • Tax Annual Amount: 5935.00
  • Assessor Parcel Number: 01-00006 06-00109
  • Tax Lot: 00109
  • Tax Data Updated: No
  • Tax Year: 2022

MLS Schools

  • School District Name: AVALON PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2022
Closed on
Jun 22, 2023
Sold by
Cep Development Llc
Bought by
Bridges Mikal
Seller's Agent
Mary Messina
Long & Foster Real Estate, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$6,500,000
Sold Price
$6,600,000
Premium/Discount to List
$100,000
1.54%
Views
104
Current Estimated Value
$5,041,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,558,008
Avg. Annual Appreciation
-10.06%

Purchase Details

Listed on
Aug 14, 2021
Closed on
Oct 28, 2021
Sold by
Mcdermontt Andrew and Mcdermontt Deirdre
Bought by
Cep Develoment Llc
Seller's Agent
Daniel Bowersock
FERGUSON-DECHERT, INC
Buyer's Agent
Mary Messina
LONG & FOSTER REAL ESTATE, INC sh
List Price
$2,495,000
Sold Price
$2,345,000
Premium/Discount to List
-$150,000
-6.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
87.94%

Purchase Details

Listed on
Jul 4, 2019
Closed on
Jul 7, 2020
Sold by
William R Lohman Ret
Bought by
Mcdermott Andrew and Mcdermott Deirdge
Seller's Agent
John "Jack" Vizzard
BERKSHIRE HATHAWAY HS FOX & ROACH - AV
Buyer's Agent
Daniel Bowersock
FERGUSON-DECHERT, INC
List Price
$1,499,000
Sold Price
$1,300,000
Premium/Discount to List
-$199,000
-13.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.88%
Original Mortgage
$1,040,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 15, 2013
Sold by
Lohmann William R
Bought by
Lohmann William R

Purchase Details

Closed on
Jun 12, 1991
Sold by
Herr Mary M and Herr George D
Bought by
Lohmann Agela and Lohmann William R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bridges Mikal $6,660,000 Majestic Title
Bridges Mikal $6,660,000 Majestic Title
Cep Develoment Llc $2,345,000 None Available
Mcdermott Andrew $1,300,000 None Available
Lohmann William R -- None Available
Lohmann Agela $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcdermott Andrew $1,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2023 06/23/23 Sold $6,600,000 0.0% $1,941 / Sq Ft
06/23/2023 06/23/23 Sold $6,600,000 +1.5% $3,119 / Sq Ft View Prior Sale
05/25/2023 05/25/23 Pending -- -- --
05/25/2023 05/25/23 Pending -- -- --
02/15/2023 02/15/23 Price Changed $6,499,999 0.0% $1,912 / Sq Ft
05/27/2022 05/27/22 For Sale $6,500,000 0.0% $1,912 / Sq Ft
05/21/2022 05/21/22 For Sale $6,500,000 +177.2% $3,072 / Sq Ft
11/01/2021 11/01/21 Sold $2,345,000 -6.0% $1,141 / Sq Ft View Prior Sale
09/07/2021 09/07/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $2,495,000 +91.9% $1,214 / Sq Ft
07/10/2020 07/10/20 Sold $1,300,000 -13.3% $632 / Sq Ft View Prior Sale
05/29/2020 05/29/20 Pending -- -- --
07/04/2019 07/04/19 For Sale $1,499,000 -- $729 / Sq Ft
Source: Bright MLS

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 $16,363 $2,665,000 $1,045,000 $1,620,000
2024 $16,363 $2,665,000 $1,045,000 $1,620,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM2001080

Bright MLS

APN: 01-00006-06-00109