501 42nd Street

Avalon, NJ 08202

$7,950,000
Price
5
Beds
4
Baths
5,384 Sq. Ft.
$1,477 / Sq. Ft.
5,384
Sq. Ft.
$1,477
per Sq. Ft.

Description

Beautifully furnished, professionally decorated/accessorized and move-in ready! 501-42nd St, perhaps Seven Mile Island's finest available Bayfront property, is nestled in Avalon's sought after “Lagoon / Fingers” neighborhood and provides wide open views of bay and wetlands from all three levels. This cedar shingle masterpiece was designed by Asher Architects in collaboration with the owners and beautifully constructed by D. L. Miner. The level of quality, exquisite taste and thoughtful functionality...Beautifully furnished, professionally decorated/accessorized and move-in ready! 501-42nd St, perhaps Seven Mile Island's finest available Bayfront property, is nestled in Avalon's sought after “Lagoon / Fingers” neighborhood and provides wide open views of bay and wetlands from all three levels. This cedar shingle masterpiece was designed by Asher Architects in collaboration with the owners and beautifully constructed by D. L. Miner. The level of quality, exquisite taste and thoughtful functionality is exceptional. The private backyard oasis offers a deck made of the finest, most durable wood (IPE), and a bayside salt-water pool for cooling off after a day at the beach. Boaters will appreciate the two recently dredged boat slips and updated bulkhead, doc, fiberglass coated pilings along with the attached garage which is equipped with storage for surfboards and kayaks. The first floor features a gourmet custom kitchen with top-of-the-line appliances, including a Sub-Zero fridge, Dacor stove, and reverse osmosis water system under kitchen sink making the drinking water pure. In the bar area, you will find two drawer fridges, an ice maker (with a separate osmosis water system), beverage fridge, and a microwave with a warming drawer. There is a central sound system throughout the house (excluding the bedrooms), making for excellent relaxation with family or entertaining friends. The foyer has a custom chandelier which is electronic for easy cleaning & changing bulbs. The family room, dining area, and living room are all beautifully appointed with plantation shutters, custom coffered ceilings, and gas fireplaces. A living room chandelier, which was imported from England, adds to the home's elegance. The second-floor features raised panel wood treatments on the stairway walls, a guest bedroom with a private deck, and a kid’s area with two bedrooms and a shared, large bathroom with radiant floor heating. All the bathrooms have jacuzzi tubs and a towel warmer. The third floor boasts another foyer with a custom chandelier, stately office featuring paneled walls, a gas fireplace, and a sunny south facing deck for breaks from the action. Also on the third floor is the spacious primary suite with a gas fireplace, gorgeous bathroom with radiant floor heating and separate vanity area. To top things off there is a massive walk-in closet worthy of any primary residence. This is a rare opportunity. The Seller's 28' Chris Craft boat which drew 3.08' had plenty of room at low tide. Call for your private showing today!

Listing Agent

  1. Roger J. Soens, III

    Roger J. Soens, III

    Listing Agent

    Compass

    rj.soens@compass.com

    P: 609.602.2267

Property Details for 501 42nd Street

MLS #
230366
DOM
339
Approx Year Built
2007
Class
RESIDENTIAL
Location
Bay Front, Water Front, Bulk Head
Sale/Rent
For Sale
Type
Single Family
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LISTING UPDATED: 01/16/2024 09:40 AM

Property Details for 501 42nd Street

StatusActive
MLS #230366
Days on Market385
Taxes$19,683 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeRESIDENTIAL / Single Family
Year Built2007
Lot Size0.21 AC / 9,300 SF
CountyCape May County
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Virtual Tour

Building Information for 501 42nd Street

Stories-Year Built2007Building Size-Lot Size0.21 AC / 9,300 SF

Payment Calculator

$45,027 per month

30 year fixed, 7.25% Interest

Principal and Interest

$43,386

Property Taxes

$1,640

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 501 42nd Street

Summary
Location and General Information
  • Area: Avalon
  • Address Number: 501
  • District - Township: 01-Avalon Borough
  • Near: Bayfront
  • Address Search Number: 501.0
  • Address Street: 42nd
  • City: Avalon
  • Street Designation: Street
  • Address: 501 42nd Street
  • Status: ACTIVE
  • Zoned: AE
  • State: NJ
  • Zip: 08202
  • Status Detail: 0
Taxes and HOA Information
  • Taxes: $19,682.90
  • Tax Year: 2023
Parking
  • Parking/garage: Garage, 1 Car, Attached, See Remarks
Property
Lot Information
  • Approx Living Sq Ft: 5384.0
  • Construction: Three Story
  • Lot Size: 60' x 155'
  • New Construction Y/N: No
  • Possession: Settlement
  • Lot Number: 55
  • Block Number: 89
Property and Assessments
  • House Color: Yellow
  • Total Assessment: $3,465,300
  • May B Sub to 3rd pty Appr: No
Utilities
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Cooling: Central Air Condition, Multi Zoned
  • Hot water: Gas- Natural
  • Water: City
  • Sewer: City
Interior and Exterior Features
Interior Features
  • Other rooms: Living Room, Kitchen, Recreation/Family, Dining Area, Pantry, Laundry/Utility Room, Library/Study, See Remarks
  • Interior features: Bar, Elevator, Fireplace- Gas, Wood Flooring, Security System, Smoke/Fire Alarm, Walk in Closet, Tile Flooring, Kitchen Island, Beverage Refrigerator
  • Total Rooms: 16
  • Total Baths: 4.1
  • Full Baths: 4
  • Bedrooms: 5
  • Lavs: 1.0
  • Appliances Included: Range, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Wine Cooler
  • Also Included: Drapes, Blinds, Rugs, Furniture, Window Treatments
  • Basement: Crawl Space
Exterior Features
  • EXTERIOR: Other
  • Outside Features: Patio, Deck, Fenced Yard, Dock, Bulkhead, Cable TV, Sidewalks, Outside Shower, In Ground Pool, Boat Slips, Sprinkler System

Property History for 501 42nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 42nd Street

Taxable ValueLand$2,000,000Additions$1,465,300Total$3,465,300
Tax Record2022$19,683 ($1,640 / month)
Home Facts
Beds0Total Finished SqFt5,384 SqFtAbove Grade Finished SqFt5,384 SqFtStories3Lot Size9,300 SqFtStyleSingle Family ResidenceYear Built2007ZoningR-1BCountyCAPE MAYAPN01 00089-0000-00055

Schools near 501 42nd Street

This home is within Avalon Elementary School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Rating
School
Distance
Avalon Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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501 42nd Street is a single family home for sale in Avalon, NJ 08202. This property was listed for sale on February 14, 2023 by Compass, it's currently listed at $7,950,000. This listing's school district is Avalon Elementary School District. Nearby schools include Avalon Elementary School. 501 42nd Street is a 5-bed, 4-bath, 5,384 sqft single family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.