NOT LISTED FOR SALE

545 22nd St Unit 2nd Floor Avalon, NJ 08202

Estimated Value: $1,324,027 - $1,686,000

3 Beds
2 Baths
1,008 Sq Ft
2,091 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $1,200,000 $1,190 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,602/month

4 Days on Market

Highlights

  • Water Views
  • Property near a bay
  • Wood Flooring
  • Avalon Elementary School Rated A
  • Cathedral Ceiling
  • Furnished

About This Home

As of August 2022

Closing to occur on/after August 31st, 2022 Seller intends to perform an IRC Section 1031 tax deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities. Sale is contingent on the purchase of the replacement property, identified and under contract, on Fifth Avenue. If, for any reason, up to and including the closing date, the replacement property becomes unavailable, seller will have the option to cancel contract. Condo fees are shared insurances with each unit paying $1688.09

Last Agent to Sell the Property

Marilyn O'Donoghue

COMPASS RE - AV Dune License #0789718 Listed on: 06/16/2022

COMPASS RE - AV Dune

Last Buyer's Agent

Marilyn O'Donoghue

COMPASS RE - AV Dune License #0789718 Listed on: 06/16/2022

COMPASS RE - AV Dune

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,001

Lot Details

  • 2,091

Parking

  • Stone Driveway

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Blinds
  • Living Room
  • Dining Area
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Property near a bay

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Community Deck or Porch
  • Fire and Smoke Detector

Listing and Financial Details

  • Legal Lot and Block 157 / 21 07

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,001

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Inside Lot, Water View
  • District Township: 01-Avalon Borough
  • Also Includes: Blinds, Furniture
  • Bay Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 545
  • Price per Sq Ft: 1190.48
  • Selling Agent1: 2887
  • Selling Office1: 938
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Annually
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1008
  • Other Rooms: Living Room, Dining Area, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Stone Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Hot Water
  • Hot Water: Gas
  • Sewer: Public
  • Water: Public

Condo/Co-op/Association

  • Unit: 2nd floor
  • Common Area Features: Deck/Porch, Cable TV, Outside Shower, Laundry Room
  • Condo Fees: shared ins
  • Unit Features: Kitchen Center Island, Hardwood Floors, Cathedral Ceiling
  • Unit Location: Top Floor

Lot Info

  • Lot Number: 157

Tax Info

  • Taxes: 3001.39
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2022
Closed on
Aug 31, 2022
Sold by
Duddy Patrick J and Duddy Haven F
Bought by
Elliott David E and Ellott Robin G
Seller's Agent
Marilyn O'Donoghue
COMPASS RE - AV Dune
Buyer's Agent
Marilyn O'Donoghue
COMPASS RE - AV Dune
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,506,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,757
Avg. Annual Appreciation
5.22%
Original Mortgage
$960,000
Outstanding Balance
$924,125
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$465,247

Purchase Details

Listed on
Nov 21, 2018
Closed on
Dec 27, 2018
Sold by
Runzer John J and Runzer Suzanne S
Bought by
Duddy Patrick J and Duddy Haven F
Seller's Agent
Lawrence Fluehr
Coldwell Banker James C Otton Real Estate
Buyer's Agent
Marilyn O'Donoghue
COMPASS RE - AV Dune
List Price
$699,000
Sold Price
$675,000
Premium/Discount to List
-$24,000
-3.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.23%
Original Mortgage
$453,100
Interest Rate
4.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Elliott David E $1,200,000 --
Duddy Patrick J $675,000 Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott David E $960,000
Previous Owner Duddy Patrick J $453,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,200,000 0.0% $1,190 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/16/2022 06/16/22 For Sale $1,200,000 +77.8% $1,190 / Sq Ft
01/18/2019 01/18/19 Sold $675,000 -3.4% --
11/28/2018 11/28/18 Pending -- -- --
11/21/2018 11/21/18 For Sale $699,000 -- --
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
2024 $3,369 $548,700 $400,000 $148,700
2023 $3,342 $548,700 $400,000 $148,700
2022 $3,117 $548,700 $400,000 $148,700
2021 $3,001 $548,700 $400,000 $148,700
2020 $2,886 $548,700 $400,000 $148,700
2019 $2,798 $548,700 $400,000 $148,700
Source: Public Records

Agents Affiliated with this Home

  • Marilyn O'Donoghue

    Seller's Agent in 2022

    Marilyn O'Donoghue

    COMPASS RE - AV Dune

    (609) 519-3710

    26 in this area

    48 Total Sales

    Marilyn O'Donoghue
    Section Image

  • L

    Seller's Agent in 2019

    Lawrence Fluehr

    Coldwell Banker James C Otton Real Estate

    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 221872

Cape May County Association of REALTORS®

APN: 01 00021- 07-00157- 545

New Jersey Cape May County Avalon 08202

545 22nd St Unit 2nd Floor, Avalon, NJ

This home is located at 545 22nd St Unit 2nd Floor, Avalon, NJ 08202 since 16 June 2022 and is currently estimated at $1,506,757, approximately $1,494 per square foot. 545 22nd St Unit 2nd Floor 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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