NOT LISTED FOR SALE

117 Ocean Rd Ocean City, NJ 08226

Estimated Value: $1,306,000 - $1,539,000

-- Bed
-- Bath
1,860 Sq Ft
$769/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $690,000 $371 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $8,098/month

72 Days on Market

Highlights

  • Deck
  • Porch
  • Zoned Heating
  • Ocean City Primary School Rated A
  • Patio
  • Baseboard Heating

About This Home

As of August 2019

Your family and friends will love this well located Gardens 2 family with easy access to some of Ocean City's best beaches, and close enough to the boardwalk for an early morning bike ride. This duplex features 3 bedrooms and 1 full bath on each floor. Each unit has beautiful wood floors and a front porch. The upper unit has a great rear trex deck perfect for evening BBQ dinners, and wonderful breezes. The rear yard has a patio and an updated outside shower. First floor is recently vacant and 2nd floor is owner occupied.

Last Agent to Sell the Property

E. Guy Elzey

E G ELZEY and SON REALTY, LLC License #8032669 Listed on: 05/06/2019

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,864

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 31 x 100
  • Fenced

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Vinyl Siding

Basement

  • Crawl Space

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,864

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 05/06/2019
  • Year Built: 1930
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Outside Features: Deck, Fenced Yard, Patio, Porch
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: One Car

Utilities

  • Heating: Baseboard, Gas-Natural, Hot Water, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 31 x 100

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 2
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2003
Sold by
Elzey E Guy
Bought by
Elzey Associates Llc
Current Estimated Value
$1,429,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Outstanding Balance
$102,656
Interest Rate
5.86%
Estimated Equity
$1,326,904

Purchase Details

Closed on
May 13, 2000
Sold by
Burrough Ann
Bought by
Binder Elzey E and Binder William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.21%
Source: Public Records

Range of Values:

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Average Value
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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
Elzey Associates Llc -- --
Binder Elzey E $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elzey Associates Llc $235,000
Previous Owner Binder Elzey E $248,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $690,000 -1.4% $371 / Sq Ft
07/17/2019 07/17/19 Pending -- -- --
06/05/2019 06/05/19 Price Changed $699,900 -1.4% $376 / Sq Ft
05/28/2019 05/28/19 Price Changed $709,900 -2.7% $382 / Sq Ft
05/06/2019 05/06/19 For Sale $729,900 -- $392 / Sq Ft
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 $5,864 $522,600 $414,000 $108,600
2024 $5,864 $522,600 $414,000 $108,600
2023 $5,597 $522,600 $414,000 $108,600
2022 $5,252 $522,600 $414,000 $108,600
2021 $3,899 $522,600 $414,000 $108,600
2020 $5,111 $522,600 $414,000 $108,600
2019 $4,899 $506,600 $414,000 $92,600
2018 $4,853 $506,600 $414,000 $92,600
2017 $4,777 $506,600 $414,000 $92,600
2016 $4,595 $506,600 $414,000 $92,600
2015 $4,534 $506,600 $414,000 $92,600
2014 $4,468 $506,600 $414,000 $92,600
Source: Public Records

Agents Affiliated with this Home

  • E. Guy Elzey

    Seller's Agent in 2019

    E. Guy Elzey

    E G ELZEY and SON REALTY, LLC

    (856) 796-0888

    15 Total Sales

    E. Guy Elzey
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2019

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    210 in this area

    315 Total Sales

    Cheryl Huber
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 521853

South Jersey Shore Regional MLS

APN: 08-00070-33-00009

New Jersey Cape May County Ocean City 08226

117 Ocean Rd, Ocean City, NJ

This home is located at 117 Ocean Rd, Ocean City, NJ 08226 since 06 May 2019 and is currently estimated at $1,429,560, approximately $768 per square foot. This property was built in 1930. 117 Ocean Rd 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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