NOT LISTED FOR SALE

1317 Asbury Ave Ocean City, NJ 08226

Estimated Value: $694,275 - $937,000

3 Beds
1.5 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold August 03, 2016

Last sale price $308,000

Est. 157% increase in value since last sale

Current estimated payment $4,513/month

43 Days on Market

Highlights

  • Unit is on the top floor
  • Deck
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Furnished
  • Eat-In Kitchen

About This Home

As of August 2016

Second Floor Condo in the Heart of Ocean City Boasting Over 1600 Square Feet! Old Ocean City Architecture and Charm Meets Modern Amenities: Gas Heat, Central Air, Vinyl Railings, Vinyl Replacement Windows, "Maintenance Free" Vinyl Siding, and Much More. This Condo Also Features: Large and Covered Front Deck, Vinyl "Hardwood" Flooring, Crown Molding, Eat-In Kitchen, Outside Shower, Two Bedrooms and One Full Bath on First Level, and Large Second Level/Finished Attic With Heat and A/C That Can Be Used as Two Bonus Living Areas Along with a Half Bath. Property is Well Elevated and Has Not Any Damage from Prior Storms, Which Allows for Low Flood Insurance Costs. Excellent Rental Potential! This Condo Has Every Element of a Traditional Ocean City Duplex Style Condo Without the High Price Tag... Priced Nearly 100k BELOW the Last 3BR Condo Sold on the Block!

Last Agent to Sell the Property

ZACHERY FEINSTEIN

Compass New Jersey-Ocean City (O463E) Listed on: 06/14/2016

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

ZACHERY FEINSTEIN

Compass New Jersey-Ocean City (O463E) Listed on: 06/14/2016

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,693

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Free Standing Fireplace
  • Blinds
  • Dining Area
  • Burglar Security System

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

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

Additional Features

  • Deck
  • Unit is on the top floor

Community Details

Amenities

  • Community Deck or Porch
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,693

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished, Rugs
  • Lvt Date: 06/15/2016
  • Age: 25+ Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor, Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Burglar Alarm, Dryer, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Free Standing
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Eat In Kitchen
  • Common Area Features: Deck/Porch, Enclsd/Covered Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car, Assigned

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

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jul 22, 2016
Sold by
Feinstein Zachery and Feinstein Kurt
Bought by
Colassi Nicholas and Colassi Lori Ann
Seller's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
List Price
$308,000
Sold Price
$308,000
Current Estimated Value
$793,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,069
Avg. Annual Appreciation
10.83%
Original Mortgage
$272,000
Outstanding Balance
$216,998
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$576,071

Purchase Details

Listed on
Jun 14, 2016
Closed on
Jun 14, 2016
Sold by
Maguire James J and Maguire Joan
Bought by
Feinstein Zachery and Feinstein Kurt
Seller's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
List Price
$308,000
Sold Price
$308,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Outstanding Balance
$216,998
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$576,071

Purchase Details

Closed on
Nov 30, 1978
Bought by
Maguire James J and Maguire Joan
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
Colassi Nicholas $320,000 None Available
Feinstein Zachery $475,000 None Available
Maguire James J $41,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Colassi Nicholas $272,000
Previous Owner Feinstein Zachery $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/03/2016 08/03/16 Sold $308,000 -35.2% --
07/27/2016 07/27/16 Pending -- -- --
06/14/2016 06/14/16 Sold $475,000 +54.2% -- View Prior Sale
06/14/2016 06/14/16 For Sale $308,000 -35.2% --
05/05/2016 05/05/16 Pending -- -- --
04/25/2016 04/25/16 For Sale $475,000 -- --
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 $3,693 $329,100 $129,000 $200,100
2024 $3,693 $329,100 $129,000 $200,100
2023 $3,525 $329,100 $129,000 $200,100
2022 $3,386 $329,100 $129,000 $200,100
2021 $2,422 $329,100 $129,000 $200,100
2020 $3,085 $315,400 $129,000 $186,400
2019 $3,050 $315,400 $129,000 $186,400
2018 $3,022 $315,400 $129,000 $186,400
2017 $2,974 $315,400 $129,000 $186,400
2016 $3,308 $369,600 $236,500 $133,100
2015 $3,308 $369,600 $236,500 $133,100
2014 $3,260 $369,600 $236,500 $133,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    LORI MCCLOSKEY

    BERGER REALTY-A

    (609) 214-3078

    1 in this area

    2 Total Sales

    LORI MCCLOSKEY
    Section Image

  • Z

    Seller's Agent in 2016

    ZACHERY FEINSTEIN

    Compass New Jersey-Ocean City (O463E)

    (609) 442-4370

    68 in this area

    100 Total Sales

    ZACHERY FEINSTEIN
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 469793

South Jersey Shore Regional MLS

APN: 08 01304-0000-00007-0000-C1

New Jersey Cape May County Ocean City 08226

1317 Asbury Ave, Ocean City, NJ

This home is located at 1317 Asbury Ave, Ocean City, NJ 08226 since 14 June 2016 and is currently estimated at $793,069. 1317 Asbury Ave 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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