NOT LISTED FOR SALE

622 7th St Avalon, NJ 08202

Estimated Value: $4,138,000 - $6,169,583

0.3 Acre
$16,779,013 Price per Acre
12,981 Sq Ft Lot

Last Sold April 07, 2015

Last sale price $1,450,000

Est. 245% increase in value since last sale

Current estimated payment $29,541/month

273 Days on Market

About This Lot

As of April 2015

WOW! DON'T MISS THIS OPPORTUNITY TO OWN THIS DYNAMIC LOCATION! CAFRA PERMIT HAS BEEN SECURED and this amazing site is ready to accommodate your bay front dream home! Owner has just installed a new bulkhead, a new pier & a fabulous new docking system offering 3 boat slips! The attractive price yields a combination of the BEST VIEW & LARGEST SITE for the money in Avalon/Stone Harbor! The quiet yet dynamic setting offers a nautical ambiance that is unrivaled by most bay front locations on the Island! Enjoy the show as wildlife, boats, kayaks & sailboats pass by! You'll appreciate the refreshing, prevailing southerly breezes, sweeping vistas of the Intra Coastal Waterway,breath-taking sunsets and even some ocean views! PLUS...for the boater, you'll have immediate access to all boating destinations! Survey available in Associated Documents.

Last Listed By

Daniel Bowersock

FERGUSON-DECHERT, INC Listed on: 06/08/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,403

Year Built

  • 2016

Lot Details

  • Property Fronts a Bay or Harbor
  • Cleared Lot
  • Property is zoned R-1C

Outdoor Features

  • Bulkhead

Listing and Financial Details

  • Legal Lot and Block 146 / 7

Property Details

Property Type

Land

Est. Annual Taxes

$8,403

Year Built

2016

Lot Details

0

Listing Details

  • Class: LOTS/LAND
  • Type: Vacant Lot
  • Location: Bay Front
  • District Township: 01-Avalon Borough
  • Near: Bay & Ocean
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 2016

Exterior Features

  • Frontage: 50

Lot Info

  • Lot Number: 146
  • Lot Size: 50' x 260'
  • Sub Block: 08
  • Total Assessment: 1597500
  • Zoning: R-1C
  • Lot Size Range: 10000 to 20000 SqFt
  • Improvements: Bulkhead
  • Topography: Partially Cleared
  • Zoning: Residential

Tax Info

  • Taxes: 8402.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2018
Sold by
Campbell Donald P
Bought by
Donald P Campbell T
Total Days on Market
273
Current Estimated Value
$5,000,146

Purchase Details

Closed on
May 2, 2014
Sold by
Ryan Matthew and Ryan Ann Marie
Bought by
Av622 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
4.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 18, 2013
Sold by
Lacey Commercial Lp
Bought by
Ryan Matthew and Ryan Ann Marie

Purchase Details

Closed on
Dec 20, 2004
Sold by
Yacht Club Drive Associates Llc
Bought by
Lacey Commercial Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,600,000
Interest Rate
5.24%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 26, 2003
Sold by
Flynn Kevin D
Bought by
Yacht Club Drive Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,098,259
Interest Rate
5.95%

Purchase Details

Closed on
May 19, 1992
Sold by
Fynn Kevin D
Bought by
Flynn Kevil D and Flynn Ilona H
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Donald P Campbell T -- --
Av622 Llc -- Seaboard Title Agency
Ryan Matthew $1,045,000 Seaboard Title Agency
Lacey Commercial Lp $2,100,000 --
Yacht Club Drive Associates $917,500 --
Flynn Kevil D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Av622 Llc $1,575,000
Previous Owner Lacey Commercial Lp $140,000
Previous Owner Lacey Commercial Lp $2,600,000
Previous Owner Yacht Club Drive Associates $1,098,259
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2015 04/07/15 Sold $1,450,000 -14.5% --
03/08/2015 03/08/15 Pending -- -- --
06/08/2014 06/08/14 For Sale $1,695,000 -- --
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 $18,964 $3,088,600 $1,930,000 $1,158,600
2023 $18,810 $3,088,600 $1,930,000 $1,158,600
2022 $17,543 $3,088,600 $1,930,000 $1,158,600
2021 $16,895 $3,088,600 $1,930,000 $1,158,600
2020 $16,246 $3,088,600 $1,930,000 $1,158,600
2019 $15,752 $3,088,600 $1,930,000 $1,158,600
2018 $15,072 $3,088,600 $1,930,000 $1,158,600
2017 $14,437 $2,596,500 $1,597,500 $999,000
2016 $8,786 $1,597,500 $1,597,500 $0
2015 $8,642 $1,597,500 $1,597,500 $0
2014 -- $1,597,500 $1,597,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 158389

Cape May County Association of REALTORS®

APN: 01-00007-08-00146