Seller's Agent in 2018
Jim Murray
Keller Williams Realty Jersey Shore-Ocean City
(609) 338-8974
42 in this area
56 Total Sales
1305 Bay Ave Ocean City, NJ 08226
Estimated Value: $853,533 - $1,337,000
--
Bed
--
Bath
1,440
Sq Ft
$759/Sq Ft
Est. Value
Highlights
- Workshop
- 2 Car Detached Garage
- Solar Water Heater
- Ocean City Primary School Rated A
- Porch
- 3-minute walk to 15th Street Playground
About This Home
As of January 2018**ATTENTION INVESTORS** Great opportunity to own an entire duplex in the North end/Bay area of Ocean City! Building sits on a large 35x115 lot and features two, 2bd/1ba units and a partially heated 750 sq ft. detached (2) car garage. Property is equipped with solar panels which will offer the new owner years & years of savings on their electric bill! Both units come with a full size washer & dryer, hardwood floors, tile bathrooms, large front porch, base board heat, nice size living room, full kitchen, and dinning area. There are two sheds for storage in addition to the garage and a small back yard with a lot of potential! First floor is already rented at $1100 month and tenants are willing to vacate or sign a yearly lease upon the sale of the building. This property is move in ready but with a little cosmetic work, this income producing property could be spectacular! Owner is motivated and has priced the property to sell!
Last Agent to Sell the Property
Keller Williams Realty Jersey Shore-Ocean City Listed on: 09/28/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,240
Lot Details
- Lot Dimensions are 35x115
Home Design
- Duplex
- Asbestos Siding
- Vinyl Siding
Interior Spaces
- Workshop
- Crawl Space
- Washer
Kitchen
- Stove
- Microwave
- Dishwasher
Parking
- 2 Car Detached Garage
- Parking Pad
Eco-Friendly Details
- Solar Water Heater
- Solar Heating System
Outdoor Features
- Outdoor Shower
- Porch
Utilities
- Window Unit Cooling System
- Baseboard Heating
Community Details
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 28, 2017
Closed on
Jan 12, 2018
Sold by
Walker John S
Bought by
Teofanov Anguel and Vasseva Mira
Seller's Agent
Jim Murray
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Jim Murray
Keller Williams Realty Jersey Shore-Ocean City
List Price
$440,000
Sold Price
$440,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,133
Avg. Annual Appreciation
12.51%
Original Mortgage
$352,000
Outstanding Balance
$296,970
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$796,163
Purchase Details
Closed on
Nov 9, 2006
Sold by
Walker John S and Walker John R
Bought by
Walker John S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,000
Interest Rate
6.16%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 16, 1996
Sold by
Johnson Donald
Bought by
Johnson Patricia
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Teofanov Anguel | $440,000 | Advantage Abstract Inc | |
| Walker John S | -- | None Available | |
| Johnson Patricia | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Teofanov Anguel | $352,000 | |
| Previous Owner | Walker John S | $217,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/12/2018 01/12/18 | Sold | $440,000 | 0.0% | $306 / Sq Ft |
| 11/14/2017 11/14/17 | Pending | -- | -- | -- |
| 09/28/2017 09/28/17 | For Sale | $440,000 | -- | $306 / Sq Ft |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 | $4,240 | $377,900 | $267,100 | $110,800 |
| 2024 | $4,240 | $377,900 | $267,100 | $110,800 |
| 2023 | $4,047 | $377,900 | $267,100 | $110,800 |
| 2022 | $3,889 | $377,900 | $267,100 | $110,800 |
| 2021 | $2,819 | $377,900 | $267,100 | $110,800 |
| 2020 | $3,696 | $377,900 | $267,100 | $110,800 |
| 2019 | $3,654 | $377,900 | $267,100 | $110,800 |
| 2018 | $2,993 | $312,400 | $267,100 | $45,300 |
| 2017 | $2,946 | $312,400 | $267,100 | $45,300 |
| 2016 | $2,833 | $312,400 | $267,100 | $45,300 |
| 2015 | $2,796 | $312,400 | $267,100 | $45,300 |
| 2014 | $2,755 | $312,400 | $267,100 | $45,300 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Murray
Map
Source: South Jersey Shore Regional MLS
MLS Number: 494977
APN: 08-01308-0000-00018
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