NOT LISTED FOR SALE

Estimated Value: $1,093,488

2 Beds
2 Baths
930 Sq Ft
1988 Built

Sale Details

Date Sold: May 16, 2019

Last sale price $590,000 $634 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $6,426 / mo

130 Days on Market

Highlights

  • Waterfront
  • Furnished
  • Elevator
  • Avalon Elementary School Rated A
  • Community Pool
  • 2-minute walk to 8th Street Recreation Center

About This Home

As of May 2019

This home is located at 700 First Ave Unit 406, Avalon, NJ 08202 since 21 September 2018 and is currently estimated at $1,093,488, approximately $1,175 per square foot. This property was built in 1988. 700 First Ave Unit 406 is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Paul Hughes

RE/MAX SURFSIDE License #8737690 Listed on: 09/21/2018

RE/MAX SURFSIDE

Last Buyer's Agent

James McDonald

FERGUSON-DECHERT, INC

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,780

Year Built

  • Built in 1988

Parking

  • Garage

Interior Spaces

  • 930 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Room
  • Wall to Wall Carpet
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Outdoor Shower
  • Waterfront

Listing and Financial Details

  • Legal Lot and Block 21 / 7.03

Community Details

Amenities

  • Community Deck or Porch
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,780

Year Built

Built in 1988

Lot Details

0 Sq Ft Lot

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Water Front
  • District Township: 01-Avalon Borough
  • Also Includes: Drapes, Curtains, Shades, Blinds, Rugs, Furniture
  • Estimated Year Built: 1988
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1988

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 2
  • Estimated Living Sq Ft: 930
  • Other Rooms: Living Room, Dining Room, Kitchen, Eat In Kitchen

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Heat Pump
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Common Area Features: Elevator, Deck/Porch, Storage Facilities, Outside Shower, Pool
  • Condo Fees: 567/month
  • Unit Features: Wall To Wall Carpet
  • Unit Location: Water View

Lot Info

  • Lot Number: 21

Tax Info

  • Taxes: 2780

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2018
Closed on
May 15, 2019
Sold by
Savini James P and Savini Susan M
Bought by
Seller's Agent
Paul Hughes
RE/MAX SURFSIDE
Buyer's Agent
James McDonald
FERGUSON-DECHERT, INC
List Price
$599,000
Sold Price
$590,000
Premium/Discount to List
-$9,000
-1.5%
Current Estimated Value
$1,093,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$503,488
Avg. Annual Appreciation
8.76%

Purchase Details

Closed on
Oct 11, 2011
Sold by
Kelnhofer George J and Kelnhofer Margaret
Bought by
Savini James P and Savini Susan Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
4.11%
Mortgage Type
Credit Line Revolving
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Avalon, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$590,000 Seaboard Title
Savini James P $560,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $87,000
Previous Owner Savini James P $417,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/16/2019 05/16/19 Sold $590,000 -1.5% $634 / Sq Ft
01/29/2019 01/29/19 Pending -- -- --
09/21/2018 09/21/18 For Sale $599,000 -- $644 / Sq Ft
Source: Cape May County Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,027 $493,000 $345,000 $148,000
2025 $3,027 $493,000 $345,000 $148,000
2024 $3,027 $493,000 $345,000 $148,000
2023 $3,002 $493,000 $345,000 $148,000
2022 $2,800 $493,000 $345,000 $148,000
2021 $2,514 $493,000 $345,000 $148,000
2020 $2,593 $493,000 $345,000 $148,000
2019 $2,514 $493,000 $345,000 $148,000
2018 $2,406 $493,000 $345,000 $148,000
2017 $2,780 $500,000 $344,300 $155,700
2016 $2,750 $500,000 $344,300 $155,700
2015 $2,705 $500,000 $344,300 $155,700
2014 $2,675 $500,000 $344,300 $155,700
Source: Public Records

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 184107

Cape May County Association of REALTORS®

APN: 01-00007-03-00021-0000-C-406

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