NOT LISTED FOR SALE

7540 Ocean Dr Avalon, NJ 08202

Estimated Value: $3,348,000 - $3,777,000

4 Beds
3 Baths
2,483 Sq Ft
$1,416/Sq Ft Est. Value

Last Sold May 08, 2015

Last sale price $1,225,000 $493 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $19,691/month

428 Days on Market

Highlights

  • Island Location
  • Deck
  • Wood Flooring
  • Avalon Elementary School Rated A
  • Cathedral Ceiling
  • 2-minute walk to Avalon Playground

About This Home

As of May 2015

Fabulous value located two blocks from excellent beach with a view of the bay and sunsets. Two story, upside down style home upgraded with wide plank, stained oak floors throughout the first floor. The entry foyer is expansive and bright. First floor family room is spacious and has immediate access to a large covered deck. Both first floor bedrooms are generous and share a hall bath. The open staircase leads to a sunshine filled, vaulted great room with operating high windows and skylight. The great room faces south and takes full advantage of the sun and prevailing southern breezes. The floors in the great room are beautiful tile. The kitchen has granite tops, tile back splash and all stainless steel GE appliances. The main sundeck off the great room is expansive and affords sunset and bay views. The second floor features another bedroom; hall bath, generous master bedroom with ensuite bath and dressing area. The home is sold tastefully furnished with ample rear yard for a pool. The family looking to be close to the beach with immediate access to fine dining, quality night life, tennis, basketball, ball field and a stroll to Stone Harbors' shopping area, will find this home be very comfortable and convenient.

Last Agent to Sell the Property

John A. (Jack) Binder

FERGUSON-DECHERT, INC Listed on: 02/04/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,431

Year Built

  • Built in 1990

Lot Details

  • Corner Lot
  • Property is zoned R-1B

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 2,483 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Great Room
  • Dining Area
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1 / 75

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,431

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Island
  • District Township: 01-Avalon Borough
  • Near: Beach & Bay
  • Also Includes: Blinds, Rugs, Furniture
  • Estimated Year Built: 1990
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Bedrooms: 4
  • Total Rooms: 9
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2483
  • Other Rooms: Kitchen, Recreation/Family, Dining Area, Laundry/Utility Room, Great Room

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Vinyl
  • Outside Features: Deck, Porch, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 1 Car, Attached, Concrete Driveway

Utilities

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

Lot Info

  • Lot Number: 1
  • Lot Size: 60' x 110'
  • Sub Block: 05
  • Total Assessment: 1222700
  • Zoning: R-1B
  • Lot Size Range: 6001-10000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 6431.4
  • Assessor Parcel Number: 01000750005000010000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2024
Sold by
Taylor Richard G and Taylor Susan M
Bought by
Richard G Taylor Revocable Trust and Taylor
Total Days on Market
428
Current Estimated Value
$3,427,648

Purchase Details

Listed on
Feb 4, 2014
Closed on
Apr 28, 2015
Sold by
Graser Andrew P and Graser Jill E
Bought by
Taylor Richard G and Taylor Susan M
Seller's Agent
John A. (Jack) Binder
FERGUSON-DECHERT, INC
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$918,750
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 28, 2004
Sold by
Amoruso Michael E and Amoruso Evelyn T
Bought by
Graser Andrew P and Graser Jill E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage
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
Richard G Taylor Revocable Trust -- None Listed On Document
Taylor Richard G $1,225,000 Title Alliance Cape May Co
Graser Andrew P $1,000,000 Seaboard Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Richard G $750,000
Previous Owner Taylor Richard G $918,750
Previous Owner Graser Andrew P $931,000
Previous Owner Graser Andrew P $970,000
Previous Owner Graser Andrew $320,000
Previous Owner Graser Andrew P $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2015 05/08/15 Sold $1,225,000 -5.7% $493 / Sq Ft
04/08/2015 04/08/15 Pending -- -- --
02/04/2014 02/04/14 For Sale $1,299,000 -- $523 / 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
2024 $9,120 $1,485,300 $950,000 $535,300
2023 $9,045 $1,485,300 $950,000 $535,300
2022 $8,437 $1,485,300 $950,000 $535,300
2021 $7,575 $1,485,300 $950,000 $535,300
2020 $7,813 $1,485,300 $950,000 $535,300
2019 $7,575 $1,485,300 $950,000 $535,300
2018 $7,248 $1,485,300 $950,000 $535,300
2017 $6,798 $1,222,700 $902,500 $320,200
2016 $6,725 $1,222,700 $902,500 $320,200
2015 $6,615 $1,222,700 $902,500 $320,200
2014 -- $1,222,700 $902,500 $320,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 155986

Cape May County Association of REALTORS®

APN: 01-00075-05-00001