NOT LISTED FOR SALE

551 24th St Unit C-B Avalon, NJ 08202

Estimated Value: $3,461,264 - $5,035,000

5 Beds
4 Baths
2,300 Sq Ft
$1,736/Sq Ft Est. Value

Last Sold March 20, 2015

Last sale price $1,650,000 $717 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $22,104/month

161 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Wood Flooring
  • Avalon Elementary School Rated A
  • Newly Remodeled
  • Community Pool

About This Home

As of March 2015

LAST ONE LEFT!!! New construction by Thomas Welsh Builders. Currently under construction, this is a five bedroom, four bath bayfront townhome with pool and a proven user friendly multi-level design. The interior finishes include 3/4 inch hardwood oak floors ceramic tile baths with solid wood with marble vanity tops, custom kitchen cabinetry graced by granite countertops, stainless steel appliance package and wall to wall carpet in the 5 bedrooms. The bulkhead is new and the unit comes with two boatslips. This is the last unit available for purchase as 5 units have already been spoken for. This is a great opportunity to purchase a new bayfront townhome and still have the opportunity to select the various finishes to suit you personal taste.

Last Agent to Sell the Property

Travis Marshall

LONG & FOSTER REAL ESTATE, INC av Listed on: 09/10/2014

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,190

Year Built

  • Built in 2014 | Newly Remodeled

Lot Details

  • Property Fronts a Bay or Harbor
  • Fenced Yard

Interior Spaces

  • 2,300 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Blinds
  • Living Room
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Bulkhead

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 138.549 / 23.07

Community Details

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Community Deck or Porch
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,190

Year Built

Built in 2014 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Townhouse
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Bay Front
  • District Township: 01-Avalon Borough
  • Near: Bayfront
  • Also Includes: Blinds
  • Estimated Year Built: 2014
  • Beach Proximity: 4 Blocks
  • New Construction: Yes
  • Pet Friendly: Owners allowed pets
  • Special Features: NewHome
  • Property Sub Type: Townhouses
  • Year Built: 2014

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: Three
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 5
  • Estimated Living Sq Ft: 2300
  • Other Rooms: Living Room, Kitchen, Dining Area, Pantry, Laundry/Utility Room

Garage/Parking

  • Parking: Auto Door Opener, 2 Car, Attached, Concrete Driveway

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: C-B
  • Common Area Features: Deck/Porch, Fenced Yard, Storage Facilities, Dock/Boat Slip, Bulkhead, Cable TV, Outside Shower, Pool
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Wall To Wall Carpet

Lot Info

  • Lot Number: 138.549
  • Zoning: R-2B

Tax Info

  • Taxes: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2014
Closed on
Mar 20, 2015
Sold by
Welsh Thomas J
Bought by
Deperro Michael and Deperro Jean
Seller's Agent
Travis Marshall
LONG & FOSTER REAL ESTATE, INC av
List Price
$1,695,000
Sold Price
$1,650,000
Premium/Discount to List
-$45,000
-2.65%
Current Estimated Value
$3,993,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,343,066
Avg. Annual Appreciation
8.69%
Original Mortgage
$1,155,000
Interest Rate
3.77%
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
Deperro Michael $1,650,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deperro Michael $1,155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2015 03/20/15 Sold $1,650,000 -2.7% $717 / Sq Ft
02/18/2015 02/18/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $1,695,000 -- $737 / 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 $11,190 $1,822,500 $925,000 $897,500
2024 $11,190 $1,822,500 $925,000 $897,500
2023 $11,099 $1,822,500 $925,000 $897,500
2022 $10,352 $1,822,500 $925,000 $897,500
2021 $9,969 $1,822,500 $925,000 $897,500
2020 $9,586 $1,822,500 $925,000 $897,500
2019 $9,295 $1,822,500 $925,000 $897,500
2018 $8,894 $1,822,500 $925,000 $897,500
2017 $6,702 $1,205,400 $850,000 $355,400
2016 $6,630 $1,205,400 $850,000 $355,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 160064

Cape May County Association of REALTORS®

APN: 01-00023-07-00138-551