NOT LISTED FOR SALE

1200 Ocean Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,164,000 - $1,394,000

4 Beds
2.5 Baths
-- Sq Ft
4,095 Sq Ft Lot

Last Sold October 20, 2020

Last sale price $835,000

Est. 59% increase in value since last sale

Current estimated payment $7,757/month

Highlights

  • Deck
  • Wood Flooring
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Great Room

About This Home

As of October 2020

This Beach block property is just steps from the 12th Street beach and boardwalk. This fabulous custom built Duncan Home Property is priced to sell! Sitting on an amazing corner 1200 Ocean generates over $55,000.00 in rental income. This home is beautifully furnished and well equipped. Enjoy riding your bikes and downtown shopping!

Last Agent to Sell the Property

Kevin Halliday

BERGER REALTY-A License #8441862 Listed on: 09/29/2020

Last Buyer's Agent

Kevin Halliday

BERGER REALTY-A License #8441862 Listed on: 09/29/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,020

Year Built

  • Built in 2010

Lot Details

  • 4,095

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Great Room
  • Dining Room

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,020

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Lvt Date: 09/29/2020
  • Year Built: 2010
  • Age: 11 To 15 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, Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room
  • Common Area Features: Cable Tv, Deck/Porch, Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2021
Sold by
Barbara Demeno T
Bought by
Sharpe Charles and Sharpe Ellen
Current Estimated Value
$1,330,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Outstanding Balance
$360,761
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$969,642

Purchase Details

Closed on
Jun 24, 2008
Sold by
Duncan Real Estate Investments Llc
Bought by
Baldasarri James J and Demeno Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
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
Sharpe Charles $834,000 Misc Company
Sharpe Charles $834,000 The Title Company
Baldasarri James J $860,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharpe Charles $405,000
Closed Sharpe Charles $405,000
Previous Owner Baldasarri James J $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2020 10/21/20 Pending -- -- --
10/20/2020 10/20/20 Sold $835,000 +0.1% --
09/29/2020 09/29/20 For Sale $834,000 -- --
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 $8,020 $714,800 $381,600 $333,200
2024 $8,020 $714,800 $381,600 $333,200
2023 $7,656 $714,800 $381,600 $333,200
2022 $7,355 $714,800 $381,600 $333,200
2021 $5,332 $714,800 $381,600 $333,200
2020 $6,991 $714,800 $381,600 $333,200
2019 $6,912 $714,800 $381,600 $333,200
2018 $6,848 $714,800 $381,600 $333,200
2017 $6,741 $714,800 $381,600 $333,200
2016 $6,483 $714,800 $381,600 $333,200
2015 $6,397 $714,800 $381,600 $333,200
2014 $6,305 $714,800 $381,600 $333,200
Source: Public Records

Agents Affiliated with this Home

  • Kevin Halliday

    Seller's Agent in 2020

    Kevin Halliday

    BERGER REALTY-A

    (609) 425-7423

    58 in this area

    62 Total Sales

    Kevin Halliday
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542807

South Jersey Shore Regional MLS

APN: 08-01202-0000-00019-0000-C1

New Jersey Cape May County Ocean City 08226

1200 Ocean Ave Unit 1, Ocean City, NJ

This home is located at 1200 Ocean Ave Unit 1, Ocean City, NJ 08226 since 29 September 2020 and is currently estimated at $1,330,403. This property was built in 2010. 1200 Ocean 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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