See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

198 40th St, Avalon, NJ, 08202

4beds
4baths
3,200sqft
$6,999,000
$2,187price/sqft
$40,180/moest. monthly cost
$1,607,200/yrincome needed

About This Home

Large 4 Bedroom Home on an oversized corner lot in the prestigious Bayberry Track of Avalon. Including 4 Bathrooms, Living Room with a Fireplace, Family Room, Spacious Kitchen, Formal Dining Room, Screened Porched, and Large Bedroom on the First Floor. Second Floor includes 3 Bedrooms all with private bathrooms, and Laundry Room. Two Stairways from the First to Second Floors. Large walk-in closets in every bedroom. A Two Car Attached Garage as well as a One Car Detached Garage. This property is located in a Prime Location of Town.

Getting Around

30
WalkingCar-Dependent
0
TransitVery Limited Transit
69
BikeBikeable

Schools

8/10
Avalon Elementary SchoolGrades PK,5-80.5 mi

Construction

Condition

  • Year built: 1973

Materials

  • Construction materials: Stucco,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cape Cod
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Oven,Microwave,Refrigerator,Washer,Dryer,Dishwasher,Disposal,Gas Cooktop,Gas Water Heater
  • Laundry features: Laundry Room,Laundry Closet

Basement

  • Has basement: Yes
  • Basement: Crawl Space,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Storage,Walk-In Closet(s),Eat-in Kitchen
  • Window features: Blinds,Window Treatments
  • Flooring: Carpet,Tile
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Storage

Heating & Cooling

  • Heating features: Natural Gas,Forced Air,Zoned
  • Cooling features: Central Air,Electric,Zoned

Interior Area

  • Total structure area: 3,200
  • Total interior livable area: 3,200 sqft

Property

Details

  • Parcel number: 01000400700007

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio,Screened
  • Exterior features: Sidewalks,Outdoor Shower
  • Has spa: Yes
  • Spa features: Bath
  • Fencing: Fenced
  • Frontage length: 100

Lot

  • Lot size: 0.26 Acres
  • Features: Corner Lot,Island
  • Lot size dimensions: 115 x 100

Parking

  • Total spaces: 3
  • Parking features: Garage,3 Car,Attached,Detached,Garage Door Opener,Asphalt
  • Has garage: Yes
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Inland Flooding
    Inland FloodingVery High
  • Strong Wind
    Strong WindVery High
  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Inland Flooding
Strong Wind
Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $35,390$424,680
Home Insurance *$804$9,648
Property Taxes $3,634$43,608
Electricity $352$4,233
Total$40,180$482,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,377,600/yr
40% on housing$1,205,400/yr
45% on housing$1,071,466/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.0%
8.0%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$2,187This listing

vs Other Active Listings

Avg $/sqft

ZIP 08202$1,380
Cape May County$608

vs Homes Sold Last Month

Median $/sqft

ZIP 08202$1,478
Cape May County$460

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-02Price change$6,999,000
2026-02-24Listed for sale$7,599,000
2017-08-12Listing removed$4,500
2017-05-18Listed for rent$4,500
2012-02-09Listing removed$40,000
2012-01-20Listed for rent$40,000
1997-07-01Sold$422,000

For Sale by Agent

AgentNicholas D. Konides
BrokerageJERSEY SHORE REAL ESTATE SERVICES, LLC

Similar Homes