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501 24th Street

501 24th Street, Avalon, NJ 08202
Property
Sold Dec 07, 2010
$1,200,000
$1,500,000 by Sharon Bank
Mortgage
Sold May 25, 2007
$1,800,000
$450,000 by Commerce Bank Na
Mortgage Due Jun 01, 2027
Local assessors in Avalon, NJ have categorized 501 24th Street as a residential type of property. The home was built in 2006 and is 18 years old. The property's lot size has been calculated to be 6,499 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 500 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 501 24th Street has a total of 2,512 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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. 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. The property was last sold in Oct 29, 2010 for $1,200,000. That's $477.71 per sqft. Prior to that sales transaction, the property was also sold in May 2, 2007 for $1,800,000. 501 24th Street was last assessed in 2023. The total value of the property was assessed at $1,300,000. Specifically, the land the property is located on was valued at $925,000. While improvements on the property were assessed at a total of $375,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,917. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,512
  • Building Area: 2,512
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.149
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 501-503 24TH STREET

Ownership

  • Current Owner : SAMANGO ANTHONY J
  • Current Owner 2: SAMANGO ANTHONY J
  • Previous Owner : SORBELLO SAMUEL
  • Owner Before Previous Owner: TI CONSTRUCTION LLC
  • Owner Generation Identifier: III

Neighborhood

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

Zoning

  • Zoning: R-2B

Geography

  • Assessors Map Reference: TAX MAP 25
  • District: 01
  • Parcel: 01 00023- 07-00130- 501
  • Block: 23.07
  • Lot: 130.501
  • Municipality: AVALON BORO
  • Latitude: 39.1031
  • Longitude: -74.7258

    Address

  • Full Address: 501 24th St
  • Address - House Number: 501
  • Address - Street Name: 24th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Avalon
  • Carrier Code: C003
  • 4-Digit Zip Code: 1820
  • Zip Code: 08202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,917

    Appraisal Valuation

  • Standard Deviation: 0.2493
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 2,777,268
  • High Value: 3,469,895
  • Low Value: 2,084,642

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: SHARON BANK
  • First Open Lien Mortgage Recording Date: Aug 08, 2022
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,908,117
  • Market Land Value: $1,357,699
  • Market Improvement Value: $550,418

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,300,000
  • Assessed Land Value: $925,000
  • Assessed Improvements Value: $375,000

    Sales

  • Current Sale Contract Date: Oct 29, 2010
  • Current Sale Recording Date: Dec 07, 2010
  • Current Sale Transaction ID: 1191765710
  • Current Sale Price: $1,200,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0484
  • Previous Sale Recording Date: May 25, 2007
  • Previous Sale Contract Date: May 02, 2007
  • Previous Sale Amount: $1,800,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: RBS CITIZENS NA
  • First Mortgage Transaction Date: Dec 07, 2010
  • First Mortgage Loan Amount: $750,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2040

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: COMMERCE BANK NA
  • Previous Mortgage Transaction Date: May 25, 2007
  • Previous Mortgage Loan Amount: $450,000
  • Previous Mortgage Term: 240
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jun 01, 2027

About Avalon



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Frequently Asked Questions

What neighborhood is 501 24th Street located in?
The 501 24th Street is a located in the neighborhood of in Avalon, Avalon.
What is the average sales price for listings in 501 24th Street?
The average sales price for units in 501 24th Street is $0 currently.

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