NOT LISTED FOR SALE

1138 Bay Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $642,000 - $717,000

3 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold December 30, 2022

Last sale price $535,000

Est. 27% increase in value since last sale

Current estimated payment $3,925/month

3 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Ground Level Unit
  • Kitchen Island
  • Ocean City Primary School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of December 2022

Updated 1st floor condo is located steps from the bay! This condo features a spacious 3 bedroom, 2 bath floor plan and includes large front and rear decks, front loaded parking, outside shower, central air, gas heat and great room with fireplace! Large backyard for entertaining, plenty of storage space and shared shed. Purchase for use as your personal shore getaway or as an investment property with income potential for either yearly or seasonal rentals.

Last Agent to Sell the Property

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 12/02/2022

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Jennifer Gensemer

LONG and FOSTER REAL ESTATE INC-Avalon

LONG and FOSTER REAL ESTATE INC-Avalon

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,995

Lot Details

  • 3,920

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,995

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 12/02/2022
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Laundry/Utility Room, Primary Br On 1st Floor

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s)
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2022
Closed on
Dec 28, 2022
Sold by
Dougherty Sean Michael
Bought by
Rossini Michael and Sontagh Susie
Seller's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Jennifer Gensemer
LONG and FOSTER REAL ESTATE INC-Avalon
List Price
$549,900
Sold Price
$535,000
Premium/Discount to List
-$14,900
-2.71%
Views
32
Current Estimated Value
$679,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,402
Avg. Annual Appreciation
8.98%
Original Mortgage
$321,000
Outstanding Balance
$310,527
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$368,875
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rossini Michael $535,000 --
Rossini Michael $535,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossini Michael $321,000
Closed Rossini Michael $321,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2022 12/30/22 Sold $535,000 -2.7% --
12/05/2022 12/05/22 Pending -- -- --
12/02/2022 12/02/22 For Sale $549,900 +37.8% --
12/30/2020 12/30/20 Sold $399,000 0.0% -- View Prior Sale
12/02/2020 12/02/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $399,000 +28.7% --
10/23/2020 10/23/20 Sold $310,000 -11.2% -- View Prior Sale
08/14/2020 08/14/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $349,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,995 $356,100 $161,300 $194,800
2024 $3,995 $356,100 $161,300 $194,800
2023 $3,546 $331,100 $161,300 $169,800
2022 $3,407 $331,100 $161,300 $169,800
Source: Public Records

Agents Affiliated with this Home

  • Peter Madden

    Seller's Agent in 2022

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-4781

    128 in this area

    149 Total Sales

    Peter Madden
    Section Image
  • Jennifer Gensemer

    Buyer's Agent in 2022

    Jennifer Gensemer

    LONG and FOSTER REAL ESTATE INC-Avalon

    (609) 827-3556

    1 in this area

    40 Total Sales

    Jennifer Gensemer
    Section Image
  • Stacy Demcher

    Seller's Agent in 2020

    Stacy Demcher

    Keller Williams Realty Jersey Shore-Ocean City

    (610) 662-0919

    65 in this area

    91 Total Sales

    Stacy Demcher
    Section Image
  • John Walton

    Seller Co-Listing Agent in 2020

    John Walton

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 338-7667

    55 in this area

    74 Total Sales

    John Walton
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 569314

South Jersey Shore Regional MLS

APN: 08 01109-0000-00012-0000-C1

New Jersey Cape May County Ocean City 08226

1138 Bay Ave Unit 1, Ocean City, NJ

This home is located at 1138 Bay Ave Unit 1, Ocean City, NJ 08226 since 02 December 2022 and is currently estimated at $679,402. 1138 Bay Ave Unit 1 is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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