NOT LISTED FOR SALE

9 28th St E Avalon, NJ 08202

Estimated Value: $1,931,000 - $3,063,000

-- Bed
-- Bath
2,616 Sq Ft
$1,013/Sq Ft Est. Value

Last Sold March 03, 2016

Last sale price $1,325,000 $506 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $14,649/month

506 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Island Location
  • Avalon Elementary School Rated A
  • Building is beachfront but unit may not have water views
  • 1-minute walk to Surfside Park

About This Home

As of March 2016

AVALON BEACH BLOCK. Multi-Family property located at the corner of 28th & Avalon Avenue situated on a 60'x110' building. A total of 4 living units. OCEAN VIEWS from the second floor. Unit 1 is the second floor featuring an open living room, dining area and kitchen along with 3 bedrooms and 1 full bathroom. Units # 2 and #3 are the 1st floor units each offering a living room, eat-in-kitchen, 2 bedrooms and 1 full bathroom. Unit #4 is an efficiency unit offering an enclosed porch area, kitchenette, 1 bedroom and a bathroom. In addition, the property has a two car attached garage, 1 outside shower. Electric and cable utilities are separately metered. Rental income for 2015 is estimated to be about $50,000. This property is also listed in the MLS in the residential section MLS#165114 and land section MLS#165115.

Last Agent to Sell the Property

Steve Ahern

FERGUSON-DECHERT, INC License #8637220 Listed on: 09/14/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,852

Year Built

  • Built in 1957

Lot Details

  • Building is beachfront but unit may not have water views
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Quadruplex

Interior Spaces

  • Furnished
  • Living Room
  • Dining Area
  • Storage Room
  • Water Views
  • Crawl Space
  • Eat-In Kitchen

Outdoor Features

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

Location

  • Island Location

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Legal Lot and Block 1 / 27.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,852

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Four-Plex
  • Location: Beach Block, Corner, Island, Water View
  • District Township: 01-Avalon Borough
  • Near: Beach, boardwalk and play
  • Also Includes: Furniture
  • Estimated Year Built: 1957
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • Available: Inventory
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Basement: Crawl Space
  • Other Rooms: Living Room, Kitchen, Eat In Kitchen, Dining Area, Storage Space

Exterior Features

  • Outside Features: Deck, Cable TV, Sidewalks, Outside Shower

Garage/Parking

  • Parking: Garage, 2 Car, Attached

Utilities

  • Separate Meter: Electric, Cable TV
  • Cooling: Central Air, Multi Zoned
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 1
  • Lot Size: 60X110
  • Sub Lot: 1:02;1:03
  • Total Assessment: 1467700
  • Lot Size Range: 6001 to 10000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: 7852.2
  • Assessor Parcel Number: 01000270001000010001

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2014
Closed on
Mar 2, 2016
Sold by
Mistichelli Iolanda
Bought by
225 Ashwood Lawyers Llc
Seller's Agent
Steve Ahern
FERGUSON-DECHERT, INC
List Price
$1,475,000
Sold Price
$1,325,000
Premium/Discount to List
-$150,000
-10.17%
Current Estimated Value
$2,650,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,325,000
Avg. Annual Appreciation
7.14%

Purchase Details

Closed on
May 27, 1999
Sold by
Elliot Gregory
Bought by
Mistichelli Mario and Mistichelli Iolanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.85%
Mortgage Type
Commercial
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
225 Ashwood Lawyers Llc $1,325,000 None Available
Mistichelli Mario $542,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 225 Ashwood Lawyers Llc $1,050,000
Previous Owner Mistichelli Mario $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2016 03/03/16 Sold $1,325,000 -10.2% $506 / Sq Ft
02/02/2016 02/02/16 Pending -- -- --
09/14/2014 09/14/14 For Sale $1,475,000 -- $564 / 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 $7,851 $1,278,700 $1,120,000 $158,700
2024 $7,851 $1,278,700 $1,120,000 $158,700
2023 $7,787 $1,278,700 $1,120,000 $158,700
2022 $7,263 $1,278,700 $1,120,000 $158,700
2021 $6,994 $1,278,700 $1,120,000 $158,700
2020 $6,726 $1,278,700 $1,120,000 $158,700
2019 $6,521 $1,278,700 $1,120,000 $158,700
2018 $6,240 $1,278,700 $1,120,000 $158,700
2017 $8,260 $1,485,700 $1,296,000 $189,700
2016 $8,072 $1,467,700 $1,296,000 $171,700
2015 $7,940 $1,467,700 $1,296,000 $171,700
2014 $7,852 $1,467,700 $1,296,000 $171,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Ahern

    FERGUSON-DECHERT, INC

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 160311

Cape May County Association of REALTORS®

APN: 01 00027- 01-00001- 01

New Jersey Cape May County Avalon 08202

9 28th St E, Avalon, NJ

This home is located at 9 28th St E, Avalon, NJ 08202 since 14 September 2014 and is currently estimated at $2,650,000, approximately $1,012 per square foot. This property was built in 1957. 9 28th St E is a home located in Cape May County with nearby schools including Avalon Elementary School.

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