NOT LISTED FOR SALE

1335 Wesley Ave Ocean City, NJ 08226

Estimated Value: $1,499,000 - $2,393,000

-- Bed
-- Bath
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 20, 2021

Last sale price $1,650,000

Est. 18% increase in value since last sale

Current estimated payment $11,142/month

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Recreation Room
  • Ocean City Primary School Rated A
  • Deck
  • Den

About This Home

As of December 2021

Centrally located Duplex, STEPS to the Beach and Boardwalk!!! The First Floor is home to 4 bedrooms, 2 full bathrooms, living room, dining room, kitchen, and den! The Second Floor hosts 5 bedrooms and 3 full bathrooms with an upper cottage, living room, dining room, sitting room, and kitchen. Enjoy the classic feel of the original hardwood floors, crown molding, 8-panel doors, and shiplap walls while appreciating the modern updates throughout. Both units have been completely renovated with brand new kitchens, granite countertops, stainless appliances, new cabinetry, pre-engineered flooring, custom tiled bathrooms, and new trim. Drink your morning coffee from any one of the multiple porches the property has to offer or sip your afternoon tea while soaking up the sights and sounds of the Ocean from the 400 square foot Ocean View deck! Additional exterior amenities include an outside shower, attached garage, rear alley access, and more. Enjoy one floor for yourself, rent the other floor, or keep both for yourself to enjoy for all family and friends. Excellent rental potential! Spectacular Ocean Views from many vantage points of the home! Literally steps to the beach and boardwalk!

Last Agent to Sell the Property

Dorothy Phillips

BHHS FOX and ROACH-109 34th OC Listed on: 10/15/2021

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Melissa Nallen

REALTY MARK ADVANTAGE

REALTY MARK ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,942

Year Built

  • Built in 1913

Lot Details

  • Lot Dimensions are 33x105
  • Building is beachfront but unit may not have water views

Parking

  • 1.5 Car Attached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Asbestos Siding

Interior Spaces

  • Partially Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Dining Room
  • Den
  • Recreation Room
  • Water Views
  • Crawl Space
  • Storm Screens

Kitchen

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Porch

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • 2 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,942

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 10/15/2021
  • Year Built: 1913
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Recreation/Family

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Patio, Porch, Sidewalks
  • Siding Exterior: Asbestos, Brick
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: One And Half Car, Attached Garage
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Wall Units
  • Heating: Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Beach Block, Boardwalk Area, Water View
  • Lot Dimensions: 33x105

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2023
Sold by
Tafuto Julia
Bought by
V4b Properties Llc
Current Estimated Value
$1,943,371

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 6, 2021
Sold by
Nolt Frank L and Nolt Joann M
Bought by
Tafuto Julia
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Melissa Nallen
REALTY MARK ADVANTAGE
List Price
$1,699,000
Sold Price
$1,650,000
Premium/Discount to List
-$49,000
-2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.37%
Original Mortgage
$1,237,500
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2013
Sold by
Nolt Joann M
Bought by
Nolt Frank L and Nolt Joann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 2012
Sold by
Johnson Kenneth C and Johnson Evelyn A
Bought by
Nolt Joann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
4.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 1994
Sold by
Newcomber John L
Bought by
Johnson Kenneth C and Ajohnson Evelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
9.13%
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
V4b Properties Llc -- Surety Title
V4b Properties Llc -- Surety Title
Tafuto Julia $1,650,000 Surety Title
Nolt Frank L -- Freedom Title & Abstract Com
Nolt Joann M $705,000 Freedom Title & Abstract Com
Johnson Kenneth C $208,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tafuto Julia $1,237,500
Previous Owner Nolt Frank L $600,000
Previous Owner Nolt Joann M $1,300,000
Previous Owner Johnson Kenneth C $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2021 12/20/21 Sold $1,650,000 -2.9% --
11/03/2021 11/03/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $1,699,000 -- --
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 $9,942 $886,100 $572,200 $313,900
2024 $9,942 $886,100 $572,200 $313,900
2023 $9,490 $886,100 $572,200 $313,900
2022 $7,189 $698,600 $572,200 $126,400
2021 $5,209 $698,600 $572,200 $126,400
2020 $6,822 $697,500 $572,200 $125,300
2019 $6,745 $697,500 $572,200 $125,300
2018 $6,682 $697,500 $572,200 $125,300
2017 $6,577 $697,500 $572,200 $125,300
2016 $6,326 $697,500 $572,200 $125,300
2015 $6,243 $697,500 $572,200 $125,300
2014 $6,152 $697,500 $572,200 $125,300
Source: Public Records

Agents Affiliated with this Home

  • Dorothy Phillips

    Seller's Agent in 2021

    Dorothy Phillips

    BHHS Fox & Roach

    (609) 398-9100

    187 in this area

    274 Total Sales

    Dorothy Phillips
    Section Image
  • Melissa Nallen

    Buyer's Agent in 2021

    Melissa Nallen

    REALTY MARK ADVANTAGE

    (856) 371-0533

    14 in this area

    38 Total Sales

    Melissa Nallen
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 556529

South Jersey Shore Regional MLS

APN: 08-01302-0000-00002

New Jersey Cape May County Ocean City 08226

1335 Wesley Ave, Ocean City, NJ

This home is located at 1335 Wesley Ave, Ocean City, NJ 08226 since 15 October 2021 and is currently estimated at $1,943,371. This property was built in 1913. 1335 Wesley 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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