NOT LISTED FOR SALE

86 24th St E Avalon, NJ 08202

Estimated Value: $5,601,917 - $8,712,000

5 Beds
2 Baths
2,112 Sq Ft
$3,206/Sq Ft Est. Value

Last Sold September 19, 2015

Last sale price $2,800,000 $1,326 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $40,400/month

120 Days on Market

Highlights

  • Beach Front
  • Property is near a beach
  • Cathedral Ceiling
  • Avalon Elementary School Rated A
  • Deck
  • 4 Car Detached Garage

About This Home

As of September 2015

There's nothing like an ocean view and nothing like enjoying this view any time of the day or night from the comfort of your home or ocean front deck. The location of this home puts you front and center to see the sunrise each morning or watch the waves roll onto the beach all day long. The family will enjoy the convenience of being steps to the beach, a few blocks walk into town for their favorite restaurant, shop or ice cream shop. The promenade boardwalk is steps away for an early morning run, early evening stroll or a short walk for the kids to the 30th street recreation area. This interior 50x110 lot (5500 sq ft) offers the added benefit of additional square footage (600 sq ft) via the 60x10' drive access that is part of this parcel. This additional square footage not only allows for a larger home but room left over for a pool that most interior ocean front lots will not allow. Make your family's dreams come true in your own ocean front home on the shores of Avalon. Owner making CAFRA application for new home.

Last Agent to Sell the Property

Holly C. Rennie, CRS,GRI,RSPS

FERGUSON-DECHERT, INC Listed on: 04/22/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,028

Year Built

  • Built in 1971

Lot Details

  • Beach Front

Home Design

  • Upside Down Style Home
  • Wood Siding

Interior Spaces

  • 2,112 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Gas Fireplace
  • Blinds
  • Living Room
  • Dining Room
  • Water Views
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Detached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Deck
  • Outdoor Storage

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 24.01 / 19

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,028

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Beach Front, Water View
  • District Township: 01-Avalon Borough
  • Near: Beach
  • Also Includes: Blinds, Partial Furniture
  • Estimated Year Built: 1971
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1971

Interior Features

  • Appliances Included: Range, Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Interior Amenities: Cathedral Ceilings, Fireplace- Gas, Wall to Wall Carpet, Tile Flooring, Vinyl Flooring
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 5
  • Total Rooms: 9
  • Basement: Crawl Space
  • Estimated Living Sq Ft: 2112
  • Other Rooms: Living Room, Dining Room, Kitchen, Recreation/Family, Laundry/Utility Room

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Shingle, Wood
  • Frontage: 50
  • Outside Features: Deck, Storage Building, Cable TV, Outside Shower

Garage/Parking

  • Parking Garage: Garage, 1 Car, Detached, Concrete Driveway, 4 car parking

Utilities

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

Lot Info

  • Lot Number: 24.01
  • Lot Size: 50 X 110
  • Total Assessment: 2809100
  • Zoning: RES
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 15028.69
  • Assessor Parcel Number: 01000240001000190000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2015
Closed on
Sep 19, 2015
Sold by
Knecht Regina Marie
Bought by
Bancorft Charles A
Seller's Agent
Holly C. Rennie, CRS,GRI,RSPS
FERGUSON-DECHERT, INC
List Price
$2,950,000
Sold Price
$2,800,000
Premium/Discount to List
-$150,000
-5.08%
Current Estimated Value
$6,879,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,079,205
Avg. Annual Appreciation
9.71%
Original Mortgage
$1,960,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Bancorft Charles A $2,800,000 Seaboard Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bancroft Charles A $1,742,100
Closed Bancorft Charles A $1,960,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2015 09/19/15 Sold $2,800,000 -5.1% $1,326 / Sq Ft
08/20/2015 08/20/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $2,950,000 -- $1,397 / 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 $32,823 $5,345,800 $3,687,500 $1,658,300
2024 $32,823 $5,345,800 $3,687,500 $1,658,300
2023 $32,556 $5,345,800 $3,687,500 $1,658,300
2022 $30,364 $5,345,800 $3,687,500 $1,658,300
2021 $29,242 $5,345,800 $3,687,500 $1,658,300
2020 $28,119 $5,345,800 $3,687,500 $1,658,300
2019 $27,264 $5,345,800 $3,687,500 $1,658,300
2018 $26,088 $5,345,800 $3,687,500 $1,658,300
2017 $22,479 $4,043,000 $2,636,000 $1,407,000
2016 $14,498 $2,636,000 $2,636,000 $0
2015 $15,197 $2,809,100 $2,636,000 $173,100
2014 $15,029 $2,809,100 $2,636,000 $173,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 163615

Cape May County Association of REALTORS®

APN: 01-00024-01-00019