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25 Marine Way

25 Marine Way, Avalon, NJ 08202
Property in Cape May
Sold Sep 29, 2015
$995,000
$250,000 by Sturdy Savings Bank
Mortgage
Sold Jan 18, 1994
$345,000
$258,000 by Pinnacle Mortgage Invest
Mortgage
Local assessors in Avalon, NJ have categorized 25 Marine Way as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 205,140 square feet. The linear feet between the front and back of the lot was measured at 3,900 ft and the front of the lot was measured at 5,260 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 25 Marine Way has a total of 1,691 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 25 Marine Way sold most recently in Sep 25, 2015 for a total of $995,000. If you work out the math, that's approximately a cost of $588.41 per sqft. Before that, the property was also sold for $345,000 in Jan 13, 1994. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,934 in taxes each year. 25 Marine Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,138,600. If we break it down further, the land itself was valued at $900,000. Improvements to the property, however, were assessed at a total of $238,600. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 205,140
  • Lot Size Depth Feet: 3,900
  • Lot Size Frontage Feet: 5,260
  • Total Building Area: 1,691
  • Building Area: 1,691
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,691
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 4.709
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: CORNELL HARBOR

Ownership

  • Current Owner : CASEY ROBERT J
  • Previous Owner : CAMPBELL DONALD P
  • Owner Before Previous Owner: IRANI ASPI K
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Avalon Borough School District
  • Census Tract: 020902

Zoning

  • Zoning: M-B

Geography

  • Assessors Map Reference: TAX MAP 32
  • District: 01
  • Parcel: 01 00009- 06-00001-0000-C-25
  • Block: 9.06
  • Lot: 1
  • Municipality: AVALON BORO
  • Latitude: 39.1108
  • Longitude: -74.7143

    Address

  • Full Address: 25 Marine Way
  • Address - House Number: 25
  • Address - Street Name: Marine
  • Address - Suffix Type: Way
  • State: NJ
  • City Name: Avalon
  • Carrier Code: C001
  • 4-Digit Zip Code: 2456
  • Zip Code: 08202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,934

    Appraisal Valuation

  • Standard Deviation: 0.2193
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 2,004,191
  • High Value: 2,443,737
  • Low Value: 1,564,645

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $250,000
  • First Open Lien Mortgage Lender: STURDY SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Jun 28, 2019
  • First Open Lien Mortgage Loan Amount: $250,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)

    Market Valuation

  • Market Total Value: $1,671,217
  • Market Land Value: $1,321,004
  • Market Improvement Value: $350,213

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,138,600
  • Assessed Land Value: $900,000
  • Assessed Improvements Value: $238,600

    Sales

  • Current Sale Contract Date: Sep 25, 2015
  • Current Sale Recording Date: Sep 29, 2015
  • Current Sale Transaction ID: 1490616678
  • Current Sale Price: $995,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0352
  • Previous Sale Recording Date: Jan 18, 1994
  • Previous Sale Contract Date: Jan 13, 1994
  • Previous Sale Amount: $345,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Sep 29, 2015
  • First Mortgage Loan Amount: $225,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Oct 01, 2045

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PINNACLE MORTGAGE INVEST
  • Previous Mortgage Transaction Date: Jan 18, 1994
  • Previous Mortgage Loan Amount: $258,000
  • Previous Mortgage Term: 360

About Avalon



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 25 Marine Way located in?
The 25 Marine Way is a located in the neighborhood of Cape May in Avalon, Avalon.
What is the average sales price for listings in 25 Marine Way?
The average sales price for units in 25 Marine Way is $0 currently.

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