$2,475,000
SOLD FEB 25, 2025

1216 Ocean Ave Unit B Ocean City, NJ 08226

5 Beds
5 Baths
-- Sq Ft
7,841 Sq Ft Lot

Recently Sold

1% Below List Price

2 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Fireplace

About This Home

As of February 2025

This home is located at 1216 Ocean Ave Unit B, Ocean City, NJ 08226 and is currently priced at $2,475,000. This property was built in 1910. 1216 Ocean Ave Unit B 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.

Last Agent to Sell the Property

Brad Rice

BERKSHIRE HATHAWAY HS FOX & ROACH west License #0453461 Listed on: 12/11/2024

BERKSHIRE HATHAWAY HS FOX & ROACH west

Co-Listed By

Patrick Halliday

BERKSHIRE HATHAWAY HS FOX & ROACH west

Last Buyer's Agent

William Friedman

KELLER WILLIAMS REALTY JERSEY SHORE oc License #9805393

KELLER WILLIAMS REALTY JERSEY SHORE oc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,567

Year Built

  • Built in 1910

Lot Details

  • Building is beachfront but unit may not have water views

Parking

  • 2 Car Garage

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Fireplace
  • Entrance Foyer
  • Dining Area
  • Storage Room
  • Wood Flooring
  • Water Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 23 / 1202

Community Details

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,567

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Location: Beach Block, Water View
  • District Township: 08-Ocean City
  • Estimated Year Built: 1910
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 1216
  • Listing Office2: 899
  • Selling Agent1: 4405
  • Selling Office1: 579
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1910

Interior Features

  • Appliances Included: Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector, 1777
  • Number Of Stories: Two
  • Total Bathrooms: 5.1
  • Full Bathrooms: 5
  • Bedrooms: 5
  • Other Rooms: Dining Area, Pantry, Laundry/Utility Room, Storage Space

Garage/Parking

  • Parking: Garage, 2 Car

Utilities

  • Cooling: Central Air, Multi Zoned
  • Heating: Gas Natural, Forced Air
  • Hot Water: Electric
  • Sewer: Public
  • Water: Public

Condo/Co-op/Association

  • Unit: B
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Elevator, Cathedral Ceiling, Foyer
  • Unit Location: Water View

Lot Info

  • Lot Number: 23

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2024
Closed on
Feb 25, 2025
Sold by
Martin Richard S and Martin Elizabeth H
Bought by
Buckman Inc and Buckman
Seller's Agent
Brad Rice
BERKSHIRE HATHAWAY HS FOX & ROACH west
Buyer's Agent
William Friedman
KELLER WILLIAMS REALTY JERSEY SHORE oc
List Price
$2,499,000
Sold Price
$2,475,000
Premium/Discount to List
-$24,000
-0.96%
Views
27
Current Estimated Value
$2,499,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,578
Avg. Annual Appreciation
11.15%

Purchase Details

Closed on
May 30, 1996
Sold by
Martin Richard
Bought by
Martin Richard and Martin Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.91%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $2,475,000 Title Partners
Special Master Deed -- None Listed On Document
Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $178,434 Credit Line Revolving
Previous Owner $1,800,000 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $20,000 Credit Line Revolving
Previous Owner $200,000 Unknown
Previous Owner $165,000 Unknown
Previous Owner $110,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 Sold $2,475,000 -1.0% --
12/13/2024 12/13/24 Pending -- -- --
12/11/2024 12/11/24 For Sale $2,499,000 -- --
Source: Cape May County Association of REALTORS®

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 $11,567 $1,030,900 $791,300 $239,600
2024 $11,567 $1,030,900 $791,300 $239,600
2023 $11,041 $1,030,900 $791,300 $239,600
2022 $10,649 $1,034,900 $791,300 $243,600
2021 $7,720 $1,034,900 $791,300 $243,600
2020 $10,121 $1,034,900 $791,300 $243,600
2019 $10,007 $1,034,900 $791,300 $243,600
2018 $9,914 $1,034,900 $791,300 $243,600
2017 $9,759 $1,034,900 $791,300 $243,600
2016 $9,387 $1,034,900 $791,300 $243,600
2015 $9,262 $1,034,900 $791,300 $243,600
2014 $9,128 $1,034,900 $791,300 $243,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 243559

Cape May County Association of REALTORS®

APN: 08-01202-0000-00023