NOT LISTED FOR SALE

13 Mercer Place Ocean City, NJ 08226

Estimated Value: $323,000 - $443,000

2 Beds
1 Bath
742 Sq Ft
$499/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $310,000 $418 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,056/month

9 Days on Market

Highlights

  • Furnished
  • Eat-In Kitchen
  • Laundry Room
  • Ocean City Primary School Rated A
  • Patio
  • Baseboard Heating

About This Home

As of May 2023

Take advantage of this rare opportunity to purchase an updated townhouse at a great price in one of America's greatest beach towns. Walk in the front door and notice the gorgeous vinyl plank flooring in the living area which run through the rest of the home. The property boasts a recently updated kitchen with white shaker cabinetry and wood counter tops. Upstairs are two bedrooms both with ceiling fans. Custom closets were added to the larger bedroom. The bathroom features one of the highlights of the property; a gorgeous tiled shower with glass door. Back downstairs, there is a laundry room that leads out to freshly landscaped backyard with newly laid paver patio. All furnishings throughout are included in the sale and most are brand new and never used. Conveniently located within walking distance to all Ocean City has to offer; the beach/boardwalk, Asbury Avenue shopping, supermarket and the Ocean City bridge pathway. The bay is just steps away providing a great vantage point for the annual Night in Venice boat parade. Rental potential whether you rent yearly (recent tenant paid $1500/month), seasonal, weekly ($20k+ potential) or even through Airbnb. Don't miss out and schedule your showing today!

Last Agent to Sell the Property

John Moore

WEICHERT REALTORS ASBURY GROUP-OC Listed on: 04/04/2023

WEICHERT REALTORS ASBURY GROUP-OC

Last Buyer's Agent

STEPHEN ROBINSON

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,358

Year Built

  • Built in 1920

Lot Details

  • 436

Home Design

  • Vinyl Siding

Interior Spaces

  • Furnished
  • Blinds
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,358

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Townhouse
  • Age: 25+ Years
  • Also Includes: Blinds, Furnished
  • Lvt Date: 04/05/2023
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Flooring: Vinyl
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Patio
  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: .01
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
May 5, 2023
Sold by
Ediger Eric L and Ediger Shannon A
Bought by
Gulati Andrew and Hall-Gulati Doris
Seller's Agent
John Moore
WEICHERT REALTORS ASBURY GROUP-OC
Buyer's Agent
STEPHEN ROBINSON
Keller Williams Realty Jersey Shore-Ocean City
List Price
$320,000
Sold Price
$310,000
Premium/Discount to List
-$10,000
-3.12%
Views
110
Current Estimated Value
$370,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,355
Avg. Annual Appreciation
7.50%
Original Mortgage
$200,000
Outstanding Balance
$179,019
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$191,336

Purchase Details

Listed on
Aug 14, 2020
Closed on
Feb 19, 2021
Sold by
Davish Family Llc
Bought by
Ediger Eric L and Stewart Shannon A
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
List Price
$229,000
Sold Price
$224,000
Premium/Discount to List
-$5,000
-2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%
Original Mortgage
$179,200
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 14, 2020
Closed on
Jan 27, 2021
Sold by
Davish Frfancis X and Davish Penelope J
Bought by
Davish Family Llc
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
List Price
$229,000
Sold Price
$224,000
Premium/Discount to List
-$5,000
-2.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,200
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2002
Sold by
Davish Family Llc
Bought by
Davish Francis X and Davish Penelope J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.98%

Purchase Details

Closed on
Nov 18, 1988
Sold by
Ross Everett
Bought by
Prinz George and Prinz Elizabeth
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gulati Andrew $310,000 First American Title Insurance
Gulati Andrew $310,000 First American Title Insurance
Ediger Eric L $224,000 Misc Company
Davish Family Llc -- Misc Company
Davish Family Llc -- Title Company Of Jersey
Davish Francis X -- --
Prinz George $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gulati Andrew $200,000
Previous Owner Ediger Eric L $179,200
Previous Owner Davish Francis X $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2023 05/12/23 Sold $310,000 -3.1% $418 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $320,000 +42.9% $431 / Sq Ft
02/19/2021 02/19/21 Sold $224,000 -2.2% $302 / Sq Ft View Prior Sale
01/24/2021 01/24/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $229,000 0.0% $309 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
08/14/2020 08/14/20 For Sale $229,000 -- $309 / Sq Ft
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 $1,358 $121,000 $58,700 $62,300
2024 $1,358 $121,000 $58,700 $62,300
2023 $1,296 $121,000 $58,700 $62,300
2022 $1,245 $121,000 $58,700 $62,300
2021 $577 $77,400 $58,700 $18,700
2020 $757 $77,400 $58,700 $18,700
2019 $748 $77,400 $58,700 $18,700
2018 $741 $77,400 $58,700 $18,700
2017 $730 $77,400 $58,700 $18,700
2016 $702 $77,400 $58,700 $18,700
2015 $693 $77,400 $58,700 $18,700
2014 $683 $77,400 $58,700 $18,700
Source: Public Records

Agents Affiliated with this Home

  • John Moore

    Seller's Agent in 2023

    John Moore

    Weichert Corporate

    (609) 705-3360

    27 in this area

    65 Total Sales

    John Moore
    Section Image

  • S

    Buyer's Agent in 2023

    STEPHEN ROBINSON

    Keller Williams Realty Jersey Shore-Ocean City

    (610) 506-0036

    9 in this area

    12 Total Sales

    STEPHEN ROBINSON
    Section Image
  • Francis Davish

    Seller's Agent in 2021

    Francis Davish

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 398-9912

    78 in this area

    122 Total Sales

    Francis Davish
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 572756

South Jersey Shore Regional MLS

APN: 08-00609-0000-00007

New Jersey Cape May County Ocean City 08226

13 Mercer Place, Ocean City, NJ

This home is located at 13 Mercer Place, Ocean City, NJ 08226 since 04 April 2023 and is currently estimated at $370,355, approximately $499 per square foot. This property was built in 1920. 13 Mercer Place 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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