Check Availability

3261 Ocean Drive

3261 Ocean Drive, Avalon, NJ 08202
Property in Cape May
Sold Apr 18, 1997
$3,248
$100,000 by Meridian Bank
Mortgage
Sold May 12, 1995
$165,000
$100,000 by Meridian Bank
Mortgage
3261 Ocean Drive in Avalon, NJ was first built in 1970 and is 54 years old. This has been categorized as a residential property type. There are a total of 2 floors. 3261 Ocean Drive has 1,920 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,100. In total, the area measurement of the land is 5,502 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the 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, 3261 Ocean Drive sold most recently in Apr 15, 1997 for a total of $3,248. If you work out the math, that's approximately a cost of $1.69 per sqft. Before that, the property was also sold for $165,000 in Apr 27, 1995. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,166 in taxes each year. 3261 Ocean Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $848,200. If we break it down further, the land itself was valued at $697,500. Improvements to the property, however, were assessed at a total of $150,700. 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: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,920
  • Building Area: 1,920
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,920
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.126
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BUDNICK SUZANNE
  • Current Owner 2: BUDNICK CAROL
  • Previous Owner : STATE OF NJ
  • Owner Before Previous Owner: BUNTING ROSE MARIE

Neighborhood

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

Zoning

  • Zoning: R-2A

Geography

  • Assessors Map Reference: TAX MAP 22
  • District: 01
  • Parcel: 01 00032- 04-00064
  • Block: 32.04
  • Lot: 64
  • Municipality: AVALON BORO
  • Latitude: 39.0952
  • Longitude: -74.7261

    Address

  • Full Address: 3261 Ocean Dr
  • Address - House Number: 3261
  • Address - Street Name: Ocean
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Avalon
  • Carrier Code: C002
  • 4-Digit Zip Code: 1749
  • Zip Code: 08202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,166

    Appraisal Valuation

  • Standard Deviation: 0.2507
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,667,881
  • High Value: 2,086,048
  • Low Value: 1,249,714

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $100,000
  • First Open Lien Mortgage Lender: MERIDIAN BANK
  • First Open Lien Mortgage Recording Date: May 12, 1995
  • First Open Lien Mortgage Loan Amount: $100,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $1,244,973
  • Market Land Value: $1,023,778
  • Market Improvement Value: $221,195

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $848,200
  • Assessed Land Value: $697,500
  • Assessed Improvements Value: $150,700

    Sales

  • Current Sale Contract Date: Apr 15, 1997
  • Current Sale Recording Date: Apr 18, 1997
  • Current Sale Transaction ID: 1191728362
  • Current Sale Price: $3,248
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 12, 1995
  • Previous Sale Contract Date: Apr 27, 1995
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: MERIDIAN BANK
  • Previous Mortgage Transaction Date: May 12, 1995
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360

About Avalon



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 3261 Ocean Drive located in?
The 3261 Ocean Drive is a located in the neighborhood of Cape May in Avalon, Avalon.
What is the average sales price for listings in 3261 Ocean Drive?
The average sales price for units in 3261 Ocean Drive is $0 currently.

Quantcast