NOT LISTED FOR SALE

1400 West Ave Ocean City, NJ 08226

Estimated Value: $815,799 - $1,041,000

-- Bed
-- Bath
-- Sq Ft
3,093 Sq Ft Lot

Last Sold March 30, 2015

Last sale price $200,000

Est. 373% increase in value since last sale

Current estimated payment $5,445/month

899 Days on Market

Highlights

  • Furnished
  • Porch
  • Outdoor Shower
  • Ocean City Primary School Rated A
  • Eat-In Kitchen
  • 2-minute walk to Emil palmer park

About This Home

As of March 2015

GREAT OPPORTUNITY FOR INVESTOR! Rehab! Here are the Specs for this 4 Unit Property: Unit 1-1st Floor (Office) 2 rooms + Full Bath, Electric Heat & Kitchenette. Unit 2-1st Floor: 3 BR, 1 Bath Apt. w/large Living Room and eat-in kitchen, Gas Heat, Back Porch, Unit 3-2nd Floor: 3 BR, 1.5 Bath, Large Bedrooms, Eat-in kitchen, Gas Heat. Unit 4-(Garage Apt): 2 BR, 1 Bath, Large Living/Dining area, Kitchen, Gas Heat, Central A/C, Newer Carpets, New roof.

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 10/07/2012

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 10/07/2012

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,154

Lot Details

  • Lot Dimensions are 40 x 77

Interior Spaces

  • Furnished
  • Ceiling Fan
  • Dining Area
  • Crawl Space
  • Storm Screens

Kitchen

  • Eat-In Kitchen
  • Stove

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Porch

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

Overview

  • 4 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,154

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Also Includes: Furnished
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Refrigerator, Washer
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Eat In Kitchen, Kitchen

Exterior Features

  • Outside Features: Curbs, Outside Shower, Porch
  • Storm Screens: Screens, Storms

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Window Units
  • Heating: Baseboard, Electric, Gas-Natural, Hot Water
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 40 x 77

Multi Family

  • Number Of Units: 4
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 2
  • Separate Meters: Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2016
Sold by
Windswept Properties Llc
Bought by
Mortensen Andrew R and Mortensen Joanne M
Current Estimated Value
$945,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2012
Closed on
Mar 30, 2015
Sold by
Ocean City Home Bank
Bought by
Windswept Properties Llc and 3 Young Sons Llc
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$200,000
Sold Price
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.87%
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
Mortensen Andrew R $165,000 None Available
Windswept Properties Llc $200,000 Surety Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mortensen Andrew R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2015 03/30/15 Sold $200,000 0.0% --
03/25/2015 03/25/15 Pending -- -- --
10/07/2012 10/07/12 For Sale $200,000 -- --
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 $5,154 $459,400 $193,500 $265,900
2024 $5,154 $459,400 $193,500 $265,900
2023 $4,920 $459,400 $193,500 $265,900
2022 $4,727 $459,400 $193,500 $265,900
2021 $4,617 $459,400 $193,500 $265,900
2020 $4,493 $459,400 $193,500 $265,900
2019 $4,442 $459,400 $193,500 $265,900
2018 $4,401 $459,400 $193,500 $265,900
2017 $4,332 $459,400 $193,500 $265,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 401926

South Jersey Shore Regional MLS

APN: 08 01406-0000-00005-0000-C1