5138 Ocean Dr Avalon, NJ 08202
Estimated Value: $8,052,757 - $8,685,000
Studio
--
Bath
6,330
Sq Ft
$1,324/Sq Ft
Est. Value
About This Home
This home is located at 5138 Ocean Dr, Avalon, NJ 08202 and is currently estimated at $8,382,252, approximately $1,324 per square foot. 5138 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 20, 2005
Sold by
Avalon Bayfront Developers Llc
Bought by
Silvestri John P and Silvestri Ann F
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,996,000
Outstanding Balance
$2,197,096
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$6,185,156
Purchase Details
Closed on
Apr 22, 2004
Sold by
Reeder Robert Ralph and Reeder Mary Westkott
Bought by
Avalon Bayfront Developers Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,243,750
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 4, 1993
Sold by
Reeder Robert and Reeder Mary
Bought by
Atlantic City Electric & Nj Bell
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Silvestri John P | $4,995,000 | None Available | |
| Avalon Bayfront Developers Llc | $2,125,000 | Seaboard Title Agency | |
| Atlantic City Electric & Nj Bell | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Silvestri John P | $3,996,000 | |
| Previous Owner | Avalon Bayfront Developers Llc | $3,243,750 |
Source: Public Records
Tax History Compared to Growth
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 | $27,454 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2024 | $27,454 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2023 | $27,231 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2022 | $25,398 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2021 | $24,459 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2020 | $23,520 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2019 | $22,804 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2018 | $21,820 | $4,471,400 | $2,250,000 | $2,221,400 |
| 2017 | $23,539 | $4,233,600 | $2,225,000 | $2,008,600 |
| 2016 | $21,138 | $3,843,300 | $2,225,000 | $1,618,300 |
| 2015 | $20,792 | $3,843,300 | $2,225,000 | $1,618,300 |
| 2014 | $20,562 | $3,843,300 | $2,225,000 | $1,618,300 |
Source: Public Records
Map
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