NOT LISTED FOR SALE

51 Pelican Dr S Avalon, NJ 08202

Estimated Value: $6,441,000 - $9,728,806

6 Beds
6 Baths
5,000 Sq Ft
$1,587/Sq Ft Est. Value

Last Sold October 18, 2019

Last sale price $5,200,000 $1,040 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $45,877/month

204 Days on Market

Highlights

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

About This Home

As of October 2019

This home is located at 51 Pelican Dr S, Avalon, NJ 08202 since 24 January 2019 and is currently estimated at $7,936,935, approximately $1,587 per square foot. This property was built in 2019. 51 Pelican Dr S is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Nicholas Giuffre

COMPASS RE - Avalon Listed on: 01/24/2019

Last Buyer's Agent

John A. (Jack) Binder

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,896

Year Built

  • Built in 2019 | New Construction

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard
  • Property is zoned R-1B

Parking

  • 2 Car Garage

Home Design

  • Upside Down Style Home
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Bulkhead
  • Boat Slip
  • Docks
  • Deck
  • Enclosed Patio or Porch

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 70 / 85

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,896

Year Built

Built in 2019 | New Construction

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Bay Front, Water Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Bayfront
  • Estimated Year Built: 2019
  • New Construction: Yes
  • Second Address Number: 51
  • Lot Size2: 9,177 IRR
  • Price per Sq Ft: 1040
  • Selling Agent1: 182
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3
  • Year Built: 2019

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Wine Cooler
  • Interior Amenities: Bar, Cathedral Ceilings, Elevator, Fireplace- Gas, Walk in Closet
  • Total Bathrooms: 6.2
  • Full Bathrooms: 6
  • Bedrooms: 6
  • Total Rooms: 18
  • Estimated Living Sq Ft: 5000
  • Other Rooms: Living Room, Dining Room, Kitchen, Den/TV Room, Recreation/Family, Eat-In-Kitchen, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Upside Down, Three Story
  • Exterior: Brick, Wood
  • Frontage: 69
  • House Color: White
  • Outside Features: Patio, Deck, Enclosed/Covered Patio, Porch, Fenced Yard, Dock, Bulkhead, Sidewalks, Outside Shower, In Ground Pool, Whirpool/Spa, Boat Slips

Garage/Parking

  • Parking Garage: Garage, 2 Car

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: 70
  • Lot Size: 6001-10000 SqFt
  • Zoning: R-1B

Tax Info

  • Taxes: 10896
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Nov 18, 2019
Sold by
Equity T Co
Bought by
Fahey Sean and Fahey Amy
Seller's Agent
Nicholas Giuffre
COMPASS RE - Avalon
Buyer's Agent
John A. (Jack) Binder
FERGUSON-DECHERT, INC
List Price
$5,395,000
Sold Price
$5,200,000
Premium/Discount to List
-$195,000
-3.61%
Current Estimated Value
$7,936,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,736,935
Avg. Annual Appreciation
7.48%
Original Mortgage
$4,679,480
Outstanding Balance
$4,134,507
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,802,428

Purchase Details

Listed on
Aug 28, 2017
Closed on
Aug 24, 2018
Sold by
Schoen Eleanor P and Schoen Richard F
Bought by
Equity T Co
Seller's Agent
Roger Soens
COMPASS RE - AV Dune
Buyer's Agent
Nicholas Giuffre
COMPASS RE - Avalon
List Price
$2,700,000
Sold Price
$2,380,000
Premium/Discount to List
-$320,000
-11.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
97.31%

Purchase Details

Closed on
Oct 14, 2003

Purchase Details

Closed on
Aug 29, 1991
Sold by
New Jersey Dep
Bought by
Mccreavy,R E Est Corestates

Purchase Details

Closed on
Feb 6, 1991
Sold by
New Jersey Dep
Bought by
Davis Associates Inc
Source: Public Records

Range of Values:

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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
Fahey Sean $5,200,000 Misc Company
Equity T Co $2,380,000 --
-- -- --
Mccreavy,R E Est Corestates $900 --
Davis Associates Inc $7,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fahey Sean $4,679,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2019 10/18/19 Sold $5,200,000 -3.6% $1,040 / Sq Ft
01/24/2019 01/24/19 For Sale $5,395,000 +126.7% $1,079 / Sq Ft
08/24/2018 08/24/18 Sold $2,380,000 -11.9% $1,181 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
08/28/2017 08/28/17 For Sale $2,700,000 -- $1,339 / 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 $32,581 $5,306,400 $2,049,000 $3,257,400
2024 $32,581 $5,306,400 $2,049,000 $3,257,400
2023 $32,316 $5,306,400 $2,049,000 $3,257,400
2022 $30,140 $5,306,400 $2,049,000 $3,257,400
2021 $28,922 $5,306,400 $2,049,000 $3,257,400
2020 $27,912 $5,306,400 $2,049,000 $3,257,400
2019 $10,458 $2,050,500 $2,049,000 $1,500
2018 $10,896 $2,232,800 $2,049,000 $183,800
2017 $9,173 $1,649,900 $1,438,800 $211,100
2016 $9,074 $1,649,900 $1,438,800 $211,100
2015 $8,926 $1,649,900 $1,438,800 $211,100
2014 $8,827 $1,649,900 $1,438,800 $211,100
Source: Public Records

Agents Affiliated with this Home

  • Nicholas Giuffre

    Seller's Agent in 2019

    Nicholas Giuffre

    COMPASS RE - Avalon

    32 in this area

    83 Total Sales

    Nicholas Giuffre
    Section Image

  • J

    Buyer's Agent in 2019

    John A. (Jack) Binder

    FERGUSON-DECHERT, INC

    (610) 960-8892

    120 in this area

    155 Total Sales

    John A. (Jack) Binder
    Section Image

  • R

    Seller's Agent in 2018

    Roger Soens

    COMPASS RE - AV Dune

    (609) 967-3001

    63 in this area

    75 Total Sales

    Roger Soens
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 185790

Cape May County Association of REALTORS®

APN: 01-00085-0000-00070

New Jersey Cape May County Avalon 08202

51 Pelican Dr S, Avalon, NJ

This home is located at 51 Pelican Dr S, Avalon, NJ 08202 since 24 January 2019 and is currently estimated at $7,936,935, approximately $1,587 per square foot. This property was built in 2019. 51 Pelican Dr S is a home located in Cape May County with nearby schools including Avalon Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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