NOT LISTED FOR SALE

131 Ocean Ave Unit 1st floor Ocean City, NJ 08226

Estimated Value: $1,303,000

5 Beds
3 Baths
-- Sq Ft
5,184 Sq Ft Lot

Last Sold May 25, 2023

Last sale price $1,500,000

Est. 13% decrease in value since last sale

Current estimated payment $7,324/month

7 Days on Market

Highlights

  • New Construction
  • Ground Level Unit
  • 1 Car Attached Garage
  • Ocean City Primary School Rated A
  • Great Room
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

New Construction Coming for 2023 This 5 Bedroom 3 bath 1st floor. One of the only 5 bedroom new construction units in the north end of Ocean City. This unit will feature wood flooring, coastal kitchen and baths with stone tops, stainless appliances, fireplace, master and junior master suites, Large front deck and rear deck, private entrances and more, situated on a extra deep lot with ample parking. Call today for more information

Last Agent to Sell the Property

Peter Adams

Compass New Jersey-Ocean City (O463E) Listed on: 01/16/2023

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Peter Adams

Compass New Jersey-Ocean City (O463E) Listed on: 01/16/2023

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,990

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 5,184

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Great Room
  • Dining Area

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,990

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 01/16/2023
  • New Construction: Yes
  • Year Built: 2023
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Other Rooms: Dining Area, Great Room

Garage/Parking

  • Garage: One Car, Attached Garage
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2023
Closed on
May 17, 2023
Sold by
T & T Properties Inc
Bought by
Sandra Dee Socrates Revocable Trust
Seller's Agent
Peter Adams
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Peter Adams
Compass New Jersey-Ocean City (O463E)
List Price
$1,599,900
Sold Price
$1,500,000
Premium/Discount to List
-$99,900
-6.24%
Views
14
Current Estimated Value
$1,303,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$197,000

Purchase Details

Listed on
Jan 16, 2023
Closed on
May 7, 2023
Sold by
T & T Properties Inc
Bought by
Troilo Scott and Troilo Holly
Seller's Agent
Peter Adams
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Peter Adams
Compass New Jersey-Ocean City (O463E)
List Price
$1,599,900
Sold Price
$1,500,000
Premium/Discount to List
-$99,900
-6.24%
Views
14

Purchase Details

Closed on
Dec 27, 1989
Sold by
Socrates Mary
Bought by
Kearns Kathryn and Kearns Sandra
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
Sandra Dee Socrates Revocable Trust -- None Listed On Document
131-133 Ocean Avenue Condominium -- Freedom Title
Troilo Scott -- Freedom Title
Kearns Kathryn -- --
Kearns Kathryn S $100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2023 05/25/23 Sold $1,500,000 -6.2% --
01/23/2023 01/23/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $1,599,900 -- --
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
2023 $4,990 $465,900 $465,900 $0
2022 $5,261 $511,300 $465,900 $45,400
2021 $5,139 $511,300 $465,900 $45,400
2020 $5,001 $511,300 $465,900 $45,400
2019 $4,944 $511,300 $465,900 $45,400
2018 $4,898 $511,300 $465,900 $45,400
2017 $4,822 $511,300 $465,900 $45,400
2016 $4,637 $511,300 $465,900 $45,400
2015 $4,576 $511,300 $465,900 $45,400
2014 $4,510 $511,300 $465,900 $45,400
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Peter Adams

    Compass New Jersey-Ocean City (O463E)

    (609) 432-3634

    32 in this area

    54 Total Sales

    Peter Adams
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 570249

South Jersey Shore Regional MLS

APN: 08-00104-0000-00006

New Jersey Cape May County Ocean City 08226

131 Ocean Ave Unit 1st floor, Ocean City, NJ

This home is located at 131 Ocean Ave Unit 1st floor, Ocean City, NJ 08226 since 16 January 2023 and is currently priced at $1,303,000. This property was built in 2023. 131 Ocean Ave Unit 1st floor 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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