by RHP Realty

See Home Value
Avalon 08202
587 Sunrise Drive
$5,599,000
House - Off Market

587 Sunrise Drive

Avalon, NJ 08202
bedrooms
6 Beds
bathrooms
4 Baths
$5,642,407
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

587 Sunrise Dive is one of the most unique Bayfront locations on the 7 Mile Island. Rare opportunity to purchase a corner lot, privately tucked away from the street, and featuring a massive 145' x 90' lot size. This is a boaters' dream with the space allowing for many slips and docks. Avery short ride to the main channels, inlet, and ocean. Enjoy extraordinary and unobstructed water views overlooking Avalon's Cedar Island. Once-in-a-lifetime chance to secure a rare property. Ideal for a buyer looking to develop at a premier Avalon waterfront location. Build a single-family-home or a town home. Property is being "Sold As Is, Where Is".
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$1,375
HOA Dues
-
Year Built
1988
Last updated: 2 years ago (CMCMLS #230684)

Price History

Date / Event Date Event Price
May 16, 2023 No longer available -
No longer available
May 15, 2023 Sold $4,250,000
Sold
Apr 7, 2023 In contract -
In contract
Oct 8, 2022 Listed by Tim Kerr Sotheby's International Realty $5,599,000
Listed by Tim Kerr Sotheby's International Realty
Oct 11, 1995 Sold to Layton Wilson, Lynne Wilson $161,000
Sold to Layton Wilson, Lynne Wilson
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,051
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 900
  • Total Building Area: 4,224
  • Building Area: 4,224
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,224
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.3
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : 32542 LLC
  • Previous Owner : WILSON LYNNE M
  • Owner Before Previous Owner: EST JAMES TEMPLIN JR
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

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 00019- 10-00002
  • Block: 19.10
  • Lot: 2
  • Municipality: AVALON BORO
  • Latitude: 39.1065
  • Longitude: -74.725

    Address

  • Full Address: 587 Sunrise Dr
  • Address - House Number: 587
  • Address - Street Name: Sunrise
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Avalon
  • Carrier Code: C004
  • 4-Digit Zip Code: 2166
  • Zip Code: 08202

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,841

    Appraisal Valuation

  • Standard Deviation: 0.2138
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 5,290,116
  • High Value: 6,421,392
  • Low Value: 4,158,841

    Market Valuation

  • Market Total Value: $4,299,868
  • Market Land Value: $3,320,417
  • Market Improvement Value: $979,451

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,929,500
  • Assessed Land Value: $2,262,200
  • Assessed Improvements Value: $667,300

    Sales

  • Current Sale Contract Date: Apr 27, 2023
  • Current Sale Recording Date: May 15, 2023
  • Current Sale Transaction ID: 11906699815
  • Current Sale Price: $4,250,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 10649
  • Previous Sale Recording Date: Oct 11, 1995
  • Previous Sale Contract Date: Oct 10, 1995
  • Previous Sale Amount: $161,000
  • Previous Sale Document Type: Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
7 Baths
-
$6,400,000 Feb 9, 2020
$6,400,000 Dec 18, 2020
-
House
5 Beds
5 Baths
-
$5,500,000 May 26, 2020
$5,500,000 Jul 31, 2020
-
House
6 Beds
6 Baths
-
$4,695,000 Jan 13, 2023
-
-
House
6 Beds
6 Baths
-
$4,795,000 Jun 10, 2022
-
-
House
6 Beds
5 Baths
-
$4,600,000 Feb 10, 2023
-
-
House
6 Beds
6 Baths
-
$4,599,000 Apr 4, 2023
-
-
House
6 Beds
6 Baths
-
$4,500,000 Oct 14, 2022
-
-
In Contract
House
5 Beds
5 Baths
-
$4,595,000 Feb 2, 2023
-
-
House
5 Beds
3 Baths
-
$4,500,000 Feb 19, 2023
-
-

About Avalon


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Nearby Rentals



Frequently Asked Questions

When was property at 587 Sunrise Drive built and last sold?
The property at 587 Sunrise Drive was built in 1988 and last sold on Apr 27, 2023 for $4,250,000.
How much is this home worth?
The estimated value of the home located at 587 Sunrise Drive is $5,654,990.
What are some comparable homes to 587 Sunrise Drive?
Homes that are comparable to 587 Sunrise Drive include a house property at 171 24th Street, 1739 Dune Drive, 176 24th Street.

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