Seller's Agent in 2024
Patrick Halliday
BHHS Fox & Roach
(609) 602-3917
221 in this area
370 Total Sales
137 Ocean Ave Unit 2 Ocean City, NJ 08226
Estimated Value: $1,024,000 - $2,168,104
6
Beds
5
Baths
--
Sq Ft
3,006
Sq Ft Lot
Highlights
- Deck
- Cathedral Ceiling
- Shades
- Ocean City Primary School Rated A
- Breakfast Area or Nook
- Laundry Room
About This Home
As of March 2024This breathtaking masterpiece offers 6 Bedrooms and 5 bathrooms with an exceptional oversized floor plan with over 2,500 sq feet of living space, gourmet kitchen, cathedral ceilings, beautiful rich hardwood floors, private elevator, two car garage, multiple large decks and much more. This one-of-a-kind property is being sold turnkey and fully furnished and offers an expansive rental history with over $170,000 in rental history per year. 6 Bedrooms and 5 FULL bathrooms with an EXPANSIVE OPEN CONCEPT FLOOR PLAN DUE TO an oversized lot, FULLY FURNISHED... A 2022 rental history of $172,000 and projected 2023 rental income of $180,000, look no further for an investment property with an immediate return! This property generates a year-round cash flow from 50% upfront deposits on advance rentals during the summer season. Drawn by an open concept floor plan and 2,558 ft of living space, renters are also attracted to the elevator access and private entry with large private foyer. As a turnkey investment, this property includes everything you need for a successful rental including a fully stocked kitchen, all outdoor and indoor furniture, blinds, comforters/pillows, beach chairs/umbrellas, boogie boards, aluminum beach cart, large Weber grill, and more. Call now for a showing of this property that will generate a strong return for you!
Last Agent to Sell the Property
BHHS FOX and ROACH-West Ave OC Listed on: 12/28/2023
Last Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE License #00000
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,171
Lot Details
- 3,006
Home Design
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Partially Furnished
- Cathedral Ceiling
- Gas Log Fireplace
- Shades
- Drapes & Rods
- Blinds
- Entrance Foyer
Kitchen
- Breakfast Area or Nook
- Eat-In Kitchen
- Stove
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 5 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Parking
- 2 Car Garage
- Automatic Garage Door Opener
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Tankless Water Heater
- Cable TV Available
Community Details
Pet Policy
- No Pets Allowed
Amenities
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 19, 2015
Sold by
Bernardo Fred A and Bernardo Diane G
Bought by
Reichow Christopher W and Reichow Michelle M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$244,757
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$1,297,269
Purchase Details
Closed on
Feb 9, 2004
Sold by
Bernardo Fred A
Bought by
Bernardo Fred A and Bernardo Diane G
Purchase Details
Closed on
Dec 20, 2002
Sold by
Carrington Janice
Bought by
Bernardo Fred A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.08%
Purchase Details
Closed on
Aug 5, 1999
Sold by
Guarrieri Louis
Bought by
Carrington Janice
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.65%
Purchase Details
Closed on
May 12, 1993
Sold by
Clark Robert E and Clark Mary D
Bought by
Clark Robert E
Purchase Details
Closed on
Aug 23, 1988
Sold by
Harris Florence
Bought by
Clark Robert and Clark Mary D
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 |
|---|---|---|---|
| Reichow Christopher W | $525,000 | Freedom Title & Abstract Co | |
| Bernardo Fred A | -- | The Title Company Of Jersey | |
| Bernardo Fred A | $440,000 | -- | |
| Carrington Janice | $220,000 | -- | |
| Clark Robert E | -- | -- | |
| Clark Robert | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reichow Christopher W | $315,000 | |
| Previous Owner | Bernardo Fred A | $300,000 | |
| Previous Owner | Carrington Janice | $154,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $2,170,000 | -5.4% | -- | |
| 01/24/2024 01/24/24 | Pending | -- | -- | -- | |
| 12/28/2023 12/28/23 | For Sale | $2,295,000 | +28.1% | -- | |
| 02/25/2022 02/25/22 | Sold | $1,791,000 | -5.7% | -- | View Prior Sale |
| 12/21/2021 12/21/21 | For Sale | $1,899,000 | +26.6% | -- | |
| 12/15/2021 12/15/21 | Sold | $1,500,000 | -2.5% | -- | View Prior Sale |
| 09/22/2021 09/22/21 | Pending | -- | -- | -- | |
| 07/27/2021 07/27/21 | For Sale | $1,539,000 | -- | -- |
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 | $5,171 | $460,900 | $414,000 | $46,900 |
| 2024 | $5,171 | $460,900 | $414,000 | $46,900 |
| 2023 | $4,936 | $460,900 | $414,000 | $46,900 |
| 2022 | $4,743 | $460,900 | $414,000 | $46,900 |
| 2021 | $4,632 | $460,900 | $414,000 | $46,900 |
| 2020 | $4,508 | $460,900 | $414,000 | $46,900 |
| 2019 | $4,457 | $460,900 | $414,000 | $46,900 |
| 2018 | $4,415 | $460,900 | $414,000 | $46,900 |
| 2017 | $4,346 | $460,900 | $414,000 | $46,900 |
| 2016 | $4,180 | $460,900 | $414,000 | $46,900 |
| 2015 | $4,124 | $460,800 | $414,000 | $46,800 |
| 2014 | $4,064 | $460,800 | $414,000 | $46,800 |
Source: Public Records
Agents Affiliated with this Home
-
Patrick Halliday
-
Joseph Jauss, Iii
Seller Co-Listing Agent in 2024
Joseph Jauss, Iii
Keller Williams Realty Jersey Shore-Ocean City
(609) 231-6209
28 in this area
28 Total Sales
-
A
Buyer's Agent in 2024
AGENT NON-MEMBER
NON-MEMBER OFFICE
-
Jennifer Capossela
Seller's Agent in 2022
Jennifer Capossela
Keller Williams Realty Jersey Shore-Ocean City
(609) 705-8271
12 in this area
109 Total Sales
-
James Boyle
Seller Co-Listing Agent in 2022
James Boyle
Keller Williams Realty Jersey Shore-Ocean City
(609) 226-0678
33 in this area
149 Total Sales
-
Dorothy Phillips
Seller's Agent in 2021
Dorothy Phillips
BHHS Fox & Roach
(609) 398-9100
193 in this area
281 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 580764
APN: 08-00070-33-00017
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