NOT LISTED FOR SALE

7489 Ocean Dr Avalon, NJ 08202

Estimated Value: $2,384,000 - $3,245,000

4 Beds
2 Baths
2,074 Sq Ft
$1,404/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $1,500,000 $723 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $16,083/month

29 Days on Market

Highlights

  • Property near a bay
  • Island Location
  • Cathedral Ceiling
  • Avalon Elementary School Rated A
  • Deck
  • 2-minute walk to Avalon Playground

About This Home

As of April 2018

This home is located at 7489 Ocean Dr, Avalon, NJ 08202 since 22 February 2018 and is currently estimated at $2,911,945, approximately $1,404 per square foot. This property was built in 1983. 7489 Ocean Dr is a home located in Cape May County with nearby schools including Avalon Elementary School.

Last Agent to Sell the Property

Daniel Bowersock

FERGUSON-DECHERT, INC Listed on: 02/22/2018

Last Buyer's Agent

John A. (Jack) Binder

FERGUSON-DECHERT, INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,153

Year Built

  • Built in 1983

Lot Details

  • Lot Dimensions are 60 x 100
  • Corner Lot
  • Interior Lot
  • Property is zoned R-1B

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 2,074 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Blinds
  • Living Room
  • Dining Area
  • Wall to Wall Carpet
  • Crawl Space
  • Storage In Attic

Kitchen

  • Oven
  • Stove
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property near a bay
  • Deck

Location

  • Island Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Legal Lot and Block 1,3,5,21 / 74.04

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,153

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Inside Lot, Island
  • District Township: 01-Avalon Borough
  • Near: Beach
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1983
  • Bay Proximity: 1 Block
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • Second Address Number: 7489
  • Lot Size2: 60 x 100
  • Price per Sq Ft: 723.24
  • Selling Agent1: 182
  • Selling Office1: 29
  • OFFICELIST_STATE: NJ
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1983

Interior Features

  • Appliances Included: Range, Oven, Refrigerator, Washer, Dryer, Dishwasher, Stove Electric
  • Interior Amenities: Cathedral Ceilings, Wall to Wall Carpet
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Total Rooms: 9
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2074
  • Other Rooms: Living Room, Kitchen, Dining Area, Storage Attic

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Vinyl
  • House Color: Tan
  • Outside Features: Deck, Outside Shower

Garage/Parking

  • Parking Garage: Garage, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Multi Zoned
  • Heating: Heat Pump, Multi-Zoned
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 1,3,5,21
  • Lot Size: 6001-10000 SqFt
  • Sub Block: 04
  • Zoning: R-1B

Tax Info

  • Taxes: 6153
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2018
Closed on
Apr 30, 2018
Sold by
Lamantia Robert W and Lamantia Linda
Bought by
Cliggett Todd A and Cliggett Molly
Seller's Agent
Daniel Bowersock
FERGUSON-DECHERT, INC
Buyer's Agent
John A. (Jack) Binder
FERGUSON-DECHERT, INC
List Price
$1,595,000
Sold Price
$1,500,000
Premium/Discount to List
-$95,000
-5.96%
Current Estimated Value
$2,911,945

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,411,945
Avg. Annual Appreciation
10.46%
Original Mortgage
$1,000,000
Outstanding Balance
$863,661
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,268,011

Purchase Details

Closed on
Mar 3, 2007
Sold by
Welsh Thomas J
Bought by
Lamantia Robert W and Lamantia Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2006
Sold by
Remshard John W and Remshard Bernadette G
Bought by
Welsh Thomas J

Purchase Details

Closed on
Dec 23, 1995
Sold by
Vitunic Thomas
Bought by
Remshard John and Remshard Bernadette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
7.33%
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
Cliggett Todd A $1,500,000 --
Lamantia Robert W $1,450,000 None Available
Welsh Thomas J $1,467,000 None Available
Remshard John $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cliggett Todd A $1,000,000
Previous Owner Lamantia Robert W $347,000
Previous Owner Lamantia Robert W $1,160,000
Previous Owner Welsh Thomas J $975,000
Previous Owner Remshard John $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2018 04/30/18 Sold $1,500,000 -6.0% $723 / Sq Ft
03/31/2018 03/31/18 Pending -- -- --
02/22/2018 02/22/18 For Sale $1,595,000 -- $769 / 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 $8,465 $1,378,600 $1,100,000 $278,600
2024 $8,465 $1,378,600 $1,100,000 $278,600
2023 $8,396 $1,378,600 $1,100,000 $278,600
2022 $7,830 $1,378,600 $1,100,000 $278,600
2021 $7,541 $1,378,600 $1,100,000 $278,600
2020 $6,931 $1,317,600 $1,100,000 $217,600
2019 $6,720 $1,317,600 $1,100,000 $217,600
2018 $6,430 $1,317,600 $1,100,000 $217,600
2017 $6,153 $1,106,600 $900,000 $206,600
2016 $6,086 $1,106,600 $900,000 $206,600
2015 $5,987 $1,106,600 $900,000 $206,600
2014 $5,920 $1,106,600 $900,000 $206,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 180523

Cape May County Association of REALTORS®

APN: 01-00074-04-00001