NOT LISTED FOR SALE

1238 Ocean Ave Unit B Ocean City, NJ 08226

Estimated Value: $867,000 - $1,323,021

4 Beds
3 Baths
-- Sq Ft
6,752 Sq Ft Lot

Last Sold November 10, 2022

Last sale price $1,250,000

Est. 10% decrease in value since last sale

Current estimated payment $6,477/month

28 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Furnished
  • Central Air

About This Home

As of November 2022

BEACH BLOCK Best Buy!! Located just STEPS from the beach, this fabulous second floor condo offers panoramic views of the Atlantic Ocean and Ocean City Boardwalk. Located in the heart of town, on an oversized corner lot, this property boasts one of the best locations on the island giving it the potential to be a rental machine. Perfect for entertaining, this unit features a HUGE oversized covered deck that runs right off the kitchen and living rooms, as well as a second private deck off the master suite. A rare layout provides owners with TWO stories of living within the unit, with a whole floor dedicated exclusively to the master suite. A full garage equipped to fit two cars, as well as a designated space out the back provides plenty of parking. This unit has been meticulosity maintained and is ready for its lucky new owners!! Unit is being offered fully furnished.

Last Agent to Sell the Property

Kayla Noll

Compass New Jersey-Ocean City (O463E) Listed on: 08/13/2022

Compass New Jersey-Ocean City (O463E)

Co-Listed By

Eric Booth

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Gray Haenn

BERGER REALTY-Main

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,285

Lot Details

  • 6,752

Parking

  • 2 Car Garage

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,285

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Furnished
  • Lvt Date: 08/13/2022
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Common Area Features: Deck/Porch, Outside Shower

Garage/Parking

  • Garage: Two Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2014
Sold by
Labriola John and Labriola Jean
Bought by
Labriola Jeffrey and Labriola Jean Ann
Current Estimated Value
$1,126,255

Purchase Details

Closed on
May 19, 2006
Sold by
Pancelli Monica
Bought by
Wun Henry Po Tang and Liang Pi Chen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Outstanding Balance
$307,150
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac
Estimated Equity
$819,105

Purchase Details

Closed on
Nov 25, 2003
Sold by
Jrb Llc
Bought by
Pancelli Monica
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
Labriola Jeffrey -- None Available
Wun Henry Po Tang $650,000 None Available
Pancelli Monica $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wun Henry Po Tang $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $1,250,000 -3.8% --
10/03/2022 10/03/22 Price Changed $1,299,900 -7.1% --
09/10/2022 09/10/22 Pending -- -- --
08/25/2022 08/25/22 Price Changed $1,399,900 -6.7% --
08/13/2022 08/13/22 For Sale $1,499,900 -- --
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 $6,285 $560,200 $255,600 $304,600
2024 $6,285 $560,200 $255,600 $304,600
2023 $6,000 $560,200 $255,600 $304,600
2022 $5,764 $560,200 $255,600 $304,600
2021 $5,630 $560,200 $255,600 $304,600
2020 $5,479 $560,200 $255,600 $304,600
2019 $5,417 $560,200 $255,600 $304,600
2018 $5,367 $560,200 $255,600 $304,600
2017 $5,283 $560,200 $255,600 $304,600
2016 $5,081 $560,200 $255,600 $304,600
2015 $5,014 $560,200 $255,600 $304,600
2014 $4,941 $560,200 $255,600 $304,600
Source: Public Records

Agents Affiliated with this Home

  • Kayla Noll

    Seller's Agent in 2022

    Kayla Noll

    Compass New Jersey-Ocean City (O463E)

    (732) 735-1918

    70 in this area

    134 Total Sales

    Kayla Noll
    Section Image
  • Eric Booth

    Seller Co-Listing Agent in 2022

    Eric Booth

    Compass New Jersey-Ocean City (O463E)

    (609) 602-2303

    79 in this area

    135 Total Sales

    Eric Booth
    Section Image
  • Gray Haenn

    Buyer's Agent in 2022

    Gray Haenn

    BERGER REALTY-Main

    (215) 421-7609

    142 in this area

    162 Total Sales

    Gray Haenn
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 566113

South Jersey Shore Regional MLS

APN: 08-01202-0000-00028-0000-C3

New Jersey Cape May County Ocean City 08226

1238 Ocean Ave Unit B, Ocean City, NJ

This home is located at 1238 Ocean Ave Unit B, Ocean City, NJ 08226 since 13 August 2022 and is currently estimated at $1,126,255. 1238 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.

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.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes