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508 20th Street

508 20th Street, Avalon, NJ 08202
Property in Cape May
Sold Jun 03, 2021
$410,022
$850,000 by Bank Of America Na
Mortgage
Sold May 04, 2004
$687,000
$549,000 by Washington Mutual Bank Fa
Mortgage
508 20th Street has been categorized by the local assessors in Avalon, NJ as a residential type of property. The building on the property was first built in 2004 and is 20 years old. The building has a total of 3 stories. In addition, 508 20th Street has 2,470 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,304 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a ranch/rambler style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note 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, 508 20th Street sold most recently in Apr 29, 2021 for a total of $410,022. If you work out the math, that's approximately a cost of $166.00 per sqft. Before that, the property was also sold for $687,000 in Apr 14, 2004. 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 $4,877 in taxes each year. 508 20th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $800,900. If we break it down further, the land itself was valued at $450,000. Improvements to the property, however, were assessed at a total of $350,900. 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. 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.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: 2004
  • Effective Year Built: 2004
  • 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: 3,304
  • Total Building Area: 2,470
  • Building Area: 2,470
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,470
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LIGHTHOUSE II CONDOMINIUM
  • Land Acres: 0.075
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: LIGHTHOUSE II

Ownership

  • Current Owner : COSTARINO ANDREW T
  • Current Owner 2: LAVELLE JANE M
  • Previous Owner : SPEAR MICHAEL L
  • Previous Owner 2: LAVELLE-SPEAR MARY
  • Owner Before Previous Owner: GLAZIER JOSEPH V
  • Ownership Rights Codes: Husband and wife

Neighborhood

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

Zoning

  • Zoning: R-2B

Geography

  • Assessors Map Reference: TAX MAP 28
  • District: 01
  • Parcel: 01 00020- 07-00021- 508
  • Block: 20.07
  • Lot: 21.508
  • Municipality: AVALON BORO
  • Latitude: 39.1055
  • Longitude: -74.7242

    Address

  • Full Address: 508 20th St
  • Address - House Number: 508
  • Address - Street Name: 20th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Avalon
  • Carrier Code: C004
  • 4-Digit Zip Code: 2104
  • Zip Code: 08202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,877

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 2,189,161
  • High Value: 2,750,539
  • Low Value: 1,627,784

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $850,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jun 03, 2021
  • First Open Lien Mortgage Loan Amount: $850,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $1,175,547
  • Market Land Value: $660,502
  • Market Improvement Value: $515,045

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $800,900
  • Assessed Land Value: $450,000
  • Assessed Improvements Value: $350,900

    Sales

  • Current Sale Contract Date: Apr 29, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Transaction ID: 11840550079
  • Current Sale Price: $410,022
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021027626
  • Previous Sale Recording Date: May 04, 2004
  • Previous Sale Contract Date: Apr 14, 2004
  • Previous Sale Amount: $687,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jun 03, 2021
  • First Mortgage Loan Amount: $850,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK FA
  • Previous Mortgage Transaction Date: May 04, 2004
  • Previous Mortgage Loan Amount: $549,000

About Avalon



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Frequently Asked Questions

What neighborhood is 508 20th Street located in?
The 508 20th Street is a located in the neighborhood of Cape May in Avalon, Avalon.
What is the average sales price for listings in 508 20th Street?
The average sales price for units in 508 20th Street is $0 currently.

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