NOT LISTED FOR SALE

118 Atlantic Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $3,019,000 - $3,728,000

7 Beds
4 Baths
-- Sq Ft
6,229 Sq Ft Lot

Last Sold November 30, 2023

Last sale price $2,495,000

Est. 31% increase in value since last sale

Current estimated payment $18,511/month

Highlights

  • Unit is on the top floor
  • New Construction
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Deck
  • Great Room

About This Home

As of November 2023

ACHRISTAVEST DOES IT AGAIN! Stunning New Construction on Atlantic Ave. 2nd floor condo will feature 7 Bedrooms and 4 Full Bathrooms, ELEVATOR, custom cabinetry, wide plank floors, upgraded trim work, top of the line kitchen, Quartz countertops and so much more. Private top floor master suite with den area and deck. Project to be completed in late Fall 2023. Building plans and specification is associated docs. Call the listing agent for more details.

Last Agent to Sell the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 08/07/2023

BHHS FOX and ROACH-109 34th OC

Co-Listed By

John A. McCann

C A McCann and Sons, Inc

Last Buyer's Agent

Lori Dodson King

OCF REALTY, LLC

OCF REALTY, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,004

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 6,229

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Fireplace
  • Great Room
  • Dining Area
  • Den
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Unit is on the top floor

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,004

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 08/07/2023
  • New Construction: Yes
  • Year Built: 2023
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor, Top Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In
  • Bedrooms: 7
  • Full Bathrooms: 4
  • Other Rooms: Den/Tv Room, Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower

Garage/Parking

  • Garage: Two Car, Attached Garage
  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2018
Sold by
Balis Helena M
Bought by
Clarke Roman and Clarke Lauren
Current Estimated Value
$3,271,403

Purchase Details

Closed on
Feb 29, 2008
Sold by
Parlee Donald E and Parlee Joan B
Bought by
Balis Helena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 13, 2004
Sold by
Kennedy Robert S and Kennedy Mary H
Bought by
Parlee Donald E and Parlee Joan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
Clarke Roman $1,500,000 --
Balis Helena M $1,600,000 Foundation Title Llc
Parlee Donald E $800,000 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Balis Helena M $1,000,000
Previous Owner Parlee Donald E $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $2,495,000 -3.9% --
08/07/2023 08/07/23 Pending -- -- --
08/07/2023 08/07/23 For Sale $2,595,000 -- --
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 $14,004 $1,248,100 $633,800 $614,300
2024 $14,004 $1,248,100 $633,800 $614,300
2023 $13,367 $1,248,100 $633,800 $614,300
2022 $12,843 $1,248,100 $633,800 $614,300
2021 $9,311 $1,248,100 $633,800 $614,300
2020 $12,206 $1,248,100 $633,800 $614,300
2019 $12,069 $1,248,100 $633,800 $614,300
2018 $11,944 $1,246,800 $633,800 $613,000
2017 $11,757 $1,246,800 $633,800 $613,000
2016 $11,308 $1,246,800 $633,800 $613,000
2015 $11,159 $1,246,800 $633,800 $613,000
2014 $10,997 $1,246,800 $633,800 $613,000
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Seller's Agent in 2023

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    128 in this area

    162 Total Sales

    Mark Grimes
    Section Image
  • John A. McCann

    Seller Co-Listing Agent in 2023

    John A. McCann

    C A McCann and Sons, Inc

    (609) 408-8106

    44 in this area

    148 Total Sales

    John A. McCann
    Section Image
  • Lori Dodson King

    Buyer's Agent in 2023

    Lori Dodson King

    OCF REALTY, LLC

    (609) 705-1899

    10 in this area

    149 Total Sales

    Lori Dodson King
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 576628

South Jersey Shore Regional MLS

APN: 08-00070-33-00042

New Jersey Cape May County Ocean City 08226

118 Atlantic Ave Unit 2, Ocean City, NJ

This home is located at 118 Atlantic Ave Unit 2, Ocean City, NJ 08226 since 07 August 2023 and is currently estimated at $3,271,403. This property was built in 2023. 118 Atlantic Ave Unit 2 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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