NOT LISTED FOR SALE

1216 Ocean Ave Ocean City, NJ 08226

Estimated Value: $2,328,000 - $3,023,487

-- Bed
-- Bath
4,430 Sq Ft
$590/Sq Ft Est. Value

About This Home

This home is located at 1216 Ocean Ave, Ocean City, NJ 08226 and is currently estimated at $2,612,122, approximately $589 per square foot. 1216 Ocean Ave 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2025
Sold by
Martin Richard S and Martin Elizabeth H
Bought by
Buckman Inc and Buckman
Current Estimated Value
$2,612,122

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

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Buckman Inc $2,475,000 Title Partners
1216 Ocean Avenue Condominium -- None Listed On Document
Martin Richard $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Richard S $178,434
Previous Owner Martin Richard S $1,800,000
Previous Owner Martin Richard S $180,000
Previous Owner Martin Richard S $20,000
Previous Owner Martin Richard S $200,000
Previous Owner Martin Richard S $165,000
Previous Owner Martin Richard $110,000
Source: Public Records

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

Map

New Jersey Cape May County Ocean City 08226

1216 Ocean Ave, Ocean City, NJ

This home is located at 1216 Ocean Ave, Ocean City, NJ 08226 and is currently estimated at $2,612,122, approximately $589 per square foot. 1216 Ocean Ave 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes