NOT LISTED FOR SALE

127 Ocean Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,185,104 - $1,468,000

4 Beds
2 Baths
-- Sq Ft
5,184 Sq Ft Lot

Last Sold January 10, 2014

Last sale price $525,000

Est. 151% increase in value since last sale

Current estimated payment $7,530/month

99 Days on Market

Highlights

  • Deck
  • Furnished
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Outdoor Community Showers

About This Home

As of January 2014

One of a kind 1st floor condo in a quiet north end neighborhood! Large mahogany front porch, fiberglass rear deck, 1.5 car garage, storage rm, and parking for 4 cars. The tasteful interior is in spotless condition and features 4 brs, 2 ba, spacious great room with gas fp, kitchen with a center island and pantry, oversized master suite, addl soundproofing, and beautiful furnishings. Close to the beach, boardwalk, restaurants, and church. Rented for the first time in 2013, this unit generated $26,000

Last Agent to Sell the Property

Cheryl Huber

BHHS FOX and ROACH-109 34th OC Listed on: 09/04/2013

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Jeff Quintin

eXp Realty - Ocean City S382K

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,390

Year Built

  • Built in 2001

Lot Details

  • 5,184

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,390

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Year Built: 2001
  • 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Eat In Kitchen, Great Room
  • Common Area Features: Deck/Porch, Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Utilities

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2013
Closed on
Jan 9, 2014
Sold by
Wallace William M and Wallace Catherine A
Bought by
Funk Matthew and Funk Jennifer
Seller's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Jeff Quintin
eXp Realty - Ocean City S382K
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$1,319,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$794,776
Avg. Annual Appreciation
8.15%
Original Mortgage
$250,000
Outstanding Balance
$188,809
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,130,967

Purchase Details

Closed on
Apr 27, 2001
Sold by
Mazzitelli Frank M
Bought by
Wallace William M and Wallace Catherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.03%
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
Funk Matthew $525,000 The Title Company Of Jersey
Wallace William M $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Funk Matthew $250,000
Previous Owner Wallace William M $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2014 01/10/14 Sold $525,000 0.0% --
12/12/2013 12/12/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $525,000 -- --
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 $6,390 $569,500 $282,200 $287,300
2024 $6,390 $569,500 $282,200 $287,300
2023 $6,099 $569,500 $282,200 $287,300
2022 $5,860 $569,500 $282,200 $287,300
2021 $4,248 $569,500 $282,200 $287,300
2020 $5,570 $569,500 $282,200 $287,300
2019 $5,507 $569,500 $282,200 $287,300
2018 $5,456 $569,500 $282,200 $287,300
2017 $5,370 $569,500 $282,200 $287,300
2016 $5,165 $569,500 $282,200 $287,300
2015 $5,097 $569,500 $282,200 $287,300
2014 $5,023 $569,500 $282,200 $287,300
Source: Public Records

Agents Affiliated with this Home

  • Cheryl Huber

    Seller's Agent in 2014

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    210 in this area

    315 Total Sales

    Cheryl Huber
    Section Image
  • Jeff Quintin

    Buyer's Agent in 2014

    Jeff Quintin

    eXp Realty - Ocean City S382K

    (609) 398-5333

    158 in this area

    505 Total Sales

    Jeff Quintin
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 416955

South Jersey Shore Regional MLS

APN: 08-00104-0000-00007-0000-C1

New Jersey Cape May County Ocean City 08226

127 Ocean Ave Unit 1, Ocean City, NJ

This home is located at 127 Ocean Ave Unit 1, Ocean City, NJ 08226 since 04 September 2013 and is currently estimated at $1,319,776. This property was built in 2001. 127 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.

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