NOT LISTED FOR SALE

1238 Wesley Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $1,476,000 - $2,134,000

5 Beds
3 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold June 28, 2018

Last sale price $975,000

Est. 80% increase in value since last sale

Current estimated payment $10,140/month

218 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Great Room
  • 1 Car Attached Garage

About This Home

As of June 2018

The Perfect Combination! Size, Location & Quality! Duncan Homes & Surfside Construction present another quality project in a boardwalk central location. This 5 bedroom, 3 bath, 2nd floor home will feature fine finishes such as granite counters, stainless steel appliances, tiled baths, a gas fireplace and a rooftop deck. An optional elevator can be added. First floor is also available, or buy the whole building! Live in one and rent the other! July 2018 Delivery!

Last Agent to Sell the Property

Douglas Grisbaum

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave Listed on: 10/17/2017

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

Last Buyer's Agent

Colin Halliday

BERGER REALTY-D

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,187

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 4,792

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,187

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 10/17/2017
  • New Construction: Yes
  • Year Built: 2018
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: 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: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2017
Closed on
Jun 28, 2018
Sold by
Duncan Real Estate Dev
Bought by
Markelwith John E and Markelwith Jeanne M
Seller's Agent
Douglas Grisbaum
LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
Buyer's Agent
Colin Halliday
BERGER REALTY-D
List Price
$999,000
Sold Price
$975,000
Premium/Discount to List
-$24,000
-2.4%
Current Estimated Value
$1,750,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$775,755
Avg. Annual Appreciation
8.08%
Original Mortgage
$600,000
Outstanding Balance
$454,001
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,245,688
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
Markelwith John E $975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markelwith John E $375,500
Open Markelwith John E $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $975,000 -2.4% --
05/23/2018 05/23/18 Pending -- -- --
10/17/2017 10/17/17 For Sale $999,000 -- --
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 $10,187 $907,900 $330,500 $577,400
2024 $10,187 $907,900 $330,500 $577,400
2023 $9,724 $907,900 $330,500 $577,400
2022 $9,342 $907,900 $330,500 $577,400
2021 $9,124 $907,900 $330,500 $577,400
2020 $8,879 $907,900 $330,500 $577,400
2019 $8,779 $907,900 $330,500 $577,400
Source: Public Records

Agents Affiliated with this Home

  • Douglas Grisbaum

    Seller's Agent in 2018

    Douglas Grisbaum

    LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

    (609) 335-3801

    62 in this area

    67 Total Sales

    Douglas Grisbaum
    Section Image
  • Colin Halliday

    Buyer's Agent in 2018

    Colin Halliday

    BERGER REALTY-D

    (609) 335-6702

    46 in this area

    48 Total Sales

    Colin Halliday
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 495729

South Jersey Shore Regional MLS

APN: 08 01203-0000-00020-0000-C2

New Jersey Cape May County Ocean City 08226

1238 Wesley Ave Unit 2, Ocean City, NJ

This home is located at 1238 Wesley Ave Unit 2, Ocean City, NJ 08226 since 17 October 2017 and is currently estimated at $1,750,755. This property was built in 2018. 1238 Wesley 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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