NOT LISTED FOR SALE

Estimated Value: $3,718,702 - $4,889,000

3 Beds
1 Bath
-- Sq Ft
1.61 Acre Lot

Sale Details

Date Sold: January 22, 2018

Last sale price $1,860,000

Est. 116% increase in value since last sale

Current estimated payment $23,086 / mo

177 Days on Market

Highlights

  • Docks
  • Property Fronts a Bay or Harbor
  • Ranch Style House
  • Avalon Elementary School Rated A
  • Deck
  • Furnished

About This Home

As of January 2018

This home is located at 502 7th St, Avalon, NJ 08202 since 24 March 2017 and is currently estimated at $4,016,926. 502 7th St is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

William Albrecht

COMPASS RE - Avalon Dune License #0683260 Listed on: 03/24/2017

COMPASS RE - Avalon Dune

Last Buyer's Agent

William Albrecht

COMPASS RE - Avalon Dune License #0683260 Listed on: 03/24/2017

COMPASS RE - Avalon Dune

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,010

Lot Details

  • Lot Dimensions are 70 x 110
  • Property Fronts a Bay or Harbor

Parking

  • 2 Car Garage

Home Design

  • Ranch Style House

Interior Spaces

  • Furnished
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Water Views
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Docks
  • Deck
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 116.02 / 7.07

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,010

Lot Details

1.61 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front, Water View, Bulk Head
  • District Township: 01-Avalon Borough
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • New Construction: No
  • Lot Size2: 70 x 110
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Washer, Dryer
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 3
  • Total Rooms: 9
  • Basement: Crawl Space
  • Other Rooms: Living Room, Dining Room, Kitchen, Recreation/Family, Laundry/Utility Room

Exterior Features

  • Construction: Ranch
  • Exterior: Shingle
  • Frontage: 70
  • Outside Features: Patio, Deck, Storage Building, Dock, Bulkhead, Cable TV

Garage/Parking

  • Parking Garage: 2 Car

Utilities

  • Cooling: Central Air Condition
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 116.02
  • Lot Size: 6001-10000 SqFt
  • Sub Lot: 118
  • Total Assessment: 1665500
  • Zoning: Res

Tax Info

  • Taxes: 9010.36
  • Tax Year: 2016

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2017
Closed on
Jan 22, 2018
Sold by
Ohara Family Lp
Bought by
Seller's Agent
William Albrecht
COMPASS RE - Avalon Dune
Buyer's Agent
William Albrecht
COMPASS RE - Avalon Dune
List Price
$1,895,000
Sold Price
$1,860,000
Premium/Discount to List
-$35,000
-1.85%
Current Estimated Value
$4,016,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,156,926
Avg. Annual Appreciation
9.34%

Purchase Details

Closed on
Jun 16, 2014
Sold by
Ball Eleanor D
Bought by
Ohara Family Limited Partnership
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Avalon, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,860,000 --
Ohara Family Limited Partnership $1,426,000 Seaboard Title Agency
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/22/2018 01/22/18 Sold $1,860,000 -1.8% --
12/23/2017 12/23/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $1,895,000 -- --
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $12,349 $2,011,200 $2,000,000 $11,200
2025 $12,349 $2,011,200 $2,000,000 $11,200
2024 $12,349 $2,011,200 $2,000,000 $11,200
2023 $12,248 $2,011,200 $2,000,000 $11,200
2022 $11,424 $2,011,200 $2,000,000 $11,200
2021 $11,001 $2,011,200 $2,000,000 $11,200
2020 $10,579 $2,011,200 $2,000,000 $11,200
2019 $10,257 $2,011,200 $2,000,000 $11,200
2018 $9,815 $2,011,200 $2,000,000 $11,200
2017 $9,260 $1,665,500 $1,650,000 $15,500
2016 $9,160 $1,665,500 $1,650,000 $15,500
2015 $9,010 $1,665,500 $1,650,000 $15,500
2014 $8,660 $1,665,500 $1,650,000 $15,500
Source: Public Records

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 175335

Cape May County Association of REALTORS®

APN: 01-00007-07-00116-02

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