I have been selling properties in Avalon and Stone Harbor for 30+ years, and can speak confidently regarding long term appreciation. Â After several years of a declining, Â then a leveling shore market, we are grateful for modest appreciation.
Three interesting examples of long term growth:
215 53rd Street, Avalon
An original “Golden Home” built in the 1960s. Â 60′ X 110′ lot.
The home had value for the earlier sales- now it’s all about the land value. Â Structure will be torn down to make way for a new single family home.
$915,000 October 2013, $855,000 January 2009, $750,000 January 2004, $131,000 December 1983, $85,000 April 1979.
25 East 17th Street, Avalon
Beach block property. Â 50′ X 110′ lot. Â Street has under ground wiring (allows for a better view).
Seller purchased the property in September 1989 for $115,000. Â The existing raised rancher was torn down earlier this year and the seller built brand new.
The new home sold in October 2013 for $2,600,000.
316 92nd Street,Stone Harbor
Bay front Cape style home situated on a 60′ X 90′ lot facing Snug Harbor. Extensively renovated.
Sold in September 2013 for $1,903,000.
Prior sales: $1,555,000 in March 2012, and $170,000 in October 1982.
Market History
I have been selling properties in Avalon and Stone Harbor for 30+ years, and can speak confidently regarding long term appreciation. Â After several years of a declining, Â then a leveling shore market, we are grateful for modest appreciation.
Three interesting examples of long term growth:
An original “Golden Home” built in the 1960s. Â 60′ X 110′ lot.
The home had value for the earlier sales- now it’s all about the land value. Â Structure will be torn down to make way for a new single family home.
$915,000 October 2013, $855,000 January 2009, $750,000 January 2004, $131,000 December 1983, $85,000 April 1979.
Beach block property. Â 50′ X 110′ lot. Â Street has under ground wiring (allows for a better view).
Seller purchased the property in September 1989 for $115,000. Â The existing raised rancher was torn down earlier this year and the seller built brand new.
The new home sold in October 2013 for $2,600,000.
Bay front Cape style home situated on a 60′ X 90′ lot facing Snug Harbor. Extensively renovated.
Sold in September 2013 for $1,903,000.
Prior sales: $1,555,000 in March 2012, and $170,000 in October 1982.