NOT LISTED FOR SALE

1343 West Ave Ocean City, NJ 08226

Estimated Value: $850,040 - $1,132,000

-- Bed
-- Bath
-- Sq Ft
2,701 Sq Ft Lot

Last Sold November 12, 2021

Last sale price $655,000

Est. 47% increase in value since last sale

Current estimated payment $5,446/month

Highlights

  • Enclosed Patio or Porch
  • Outdoor Shower
  • Ceiling Fan
  • Ocean City Primary School Rated A
  • Shed
  • 4-minute walk to Emil palmer park

About This Home

As of November 2021

Great Duplex in the center of OC! Two units, each with 2 Bedrooms, 1 Bath, updated bathrooms, private laundry for each unit, front/rear porches, hardwood floors, ceiling fans, new concrete walkways, shed and plenty of parking. Units are well maintained, newer front fiberglass decks on 1st and 2nd floor. Both units currently occupied with yearly tenants. 1st floor pays $1425/month and 2nd floor pays $1450/month. Conveniently located close to shopping, bay area, boardwalk and downtown Ocean City. Call agent for lease information or see agent remarks.

Last Agent to Sell the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 06/17/2021

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Bonnie Bernhardt

RE/MAX ONE REALTY - Haddonfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,934

Lot Details

  • 2,701

Home Design

  • Duplex
  • Wood Siding
  • Vinyl Siding

Kitchen

  • Stove
  • Microwave

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Enclosed Patio or Porch
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Ceiling Fan
  • Lot Dimensions are 30 x 90

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,934

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 06/17/2021
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Microwave, Refrigerator, Washer

Exterior Features

  • Outside Features: Curbs, Outside Shower, Porch, Porch-Enclosed, Shed, Sidewalks
  • Siding Exterior: Vinyl, Wood

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units, Wall Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 30 x 90

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Nov 10, 2021
Sold by
Palombo Daniel and Neville David
Bought by
Levine Henry and Levine Francine
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Bonnie Bernhardt
RE/MAX ONE REALTY - Haddonfield
List Price
$699,900
Sold Price
$655,000
Premium/Discount to List
-$44,900
-6.42%
Current Estimated Value
$965,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$310,260
Avg. Annual Appreciation
10.40%
Original Mortgage
$491,250
Outstanding Balance
$451,077
Interest Rate
3.14%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$514,183

Purchase Details

Listed on
May 22, 2018
Closed on
Nov 9, 2018
Sold by
Ludwis Francis W
Bought by
Choriw George
Seller's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Dean Chorin
BHHS FOX and ROACH-109 34th OC
List Price
$499,900
Sold Price
$410,000
Premium/Discount to List
-$89,900
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.84%

Purchase Details

Closed on
Jun 29, 1984
Bought by
Ludwig Francis W and Ludwig Joann
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
Levine Henry $655,000 None Available
Choriw George $410,000 --
Ludwig Francis W $77,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Levine Henry $491,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $655,000 -6.4% --
09/16/2021 09/16/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $699,900 +32.1% --
01/31/2020 01/31/20 Sold $530,000 -8.6% -- View Prior Sale
01/04/2020 01/04/20 Pending -- -- --
12/09/2019 12/09/19 Price Changed $579,900 -3.3% --
11/18/2019 11/18/19 Price Changed $599,900 -2.4% --
06/19/2019 06/19/19 Price Changed $614,900 -0.8% --
06/03/2019 06/03/19 For Sale $619,900 +51.2% --
11/09/2018 11/09/18 Sold $410,000 -4.6% -- View Prior Sale
10/16/2018 10/16/18 Pending -- -- --
10/12/2018 10/12/18 Price Changed $429,900 -4.4% --
08/24/2018 08/24/18 Price Changed $449,900 -5.3% --
06/26/2018 06/26/18 Price Changed $474,900 -5.0% --
05/22/2018 05/22/18 For Sale $499,900 -- --
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
2025 $3,934 $350,600 $211,200 $139,400
2024 $3,934 $350,600 $211,200 $139,400
2023 $3,755 $350,600 $211,200 $139,400
2022 $3,554 $345,400 $211,200 $134,200
2021 $3,471 $345,400 $211,200 $134,200
2020 $3,378 $345,400 $211,200 $134,200
2019 $3,340 $345,400 $211,200 $134,200
2018 $2,409 $251,500 $211,200 $40,300
2017 $2,372 $251,500 $211,200 $40,300
2016 $2,281 $251,500 $211,200 $40,300
2015 $2,251 $251,500 $211,200 $40,300
2014 $2,218 $251,500 $211,200 $40,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Seller's Agent in 2021

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    128 in this area

    162 Total Sales

    Mark Grimes
    Section Image
  • Bonnie Bernhardt

    Buyer's Agent in 2021

    Bonnie Bernhardt

    RE/MAX

    (856) 287-1988

    2 in this area

    73 Total Sales

    Bonnie Bernhardt
    Section Image
  • Dean Chorin

    Seller's Agent in 2020

    Dean Chorin

    BHHS Fox & Roach

    (609) 602-0313

    145 in this area

    178 Total Sales

    Dean Chorin
    Section Image
  • RONALD C GIFFORD JR.

    Seller's Agent in 2018

    RONALD C GIFFORD JR.

    Compass New Jersey-Ocean City (O463E)

    (609) 425-2984

    104 in this area

    115 Total Sales

    RONALD C GIFFORD JR.
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 552011

South Jersey Shore Regional MLS

APN: 08-01305-0000-00007

New Jersey Cape May County Ocean City 08226

1343 West Ave, Ocean City, NJ

This home is located at 1343 West Ave, Ocean City, NJ 08226 since 17 June 2021 and is currently estimated at $965,260. 1343 West 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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