NOT LISTED FOR SALE

1401 Ocean Ave Unit 212 Ocean City, NJ 08226

Estimated Value: $457,000 - $587,000

1 Bed
1 Bath
-- Sq Ft
0.34 Acres

Last Sold April 17, 2015

Last sale price $240,000

Est. 117% increase in value since last sale

Current estimated payment $3,178/month

73 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of April 2015

Back on the market and reduced!! Priced $16,000 below the sale price of the neighboring unit which was the last to sell in the complex!! Beachfront/Boardwalk Condo in the Beaches condo complex. Ocean views from deck. Elevator, in ground pool and assigned covered parking. Right in the heart of Ocean City...close to everything! Very active condo association, helps keep condo unit clean updated. Outstanding rental history this is one unit you cannot miss!!!!!!

Last Listed By

John A. McCann

C A McCann and Sons, Inc License #8545402 Listed on: 01/17/2015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,188

Year Built

  • Built in 1989

Lot Details

  • 0.34

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Partially Furnished
  • Drapes & Rods
  • Dining Area
  • Carpet
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Ocean Front

Community Details

Overview

  • Association fees include insurance, maintenance, management, trash
  • Beaches Condos

Recreation

  • Community Boardwalk
  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • Pet Restriction

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,188

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Curtains, Partially Furnished
  • Year Built: 1989
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Dining Area
  • Common Area Features: Cable Tv, Deck/Porch, Elevator, Outside Shower, Pool

Exterior Features

  • Siding Exterior: Stucco

Utilities

  • Air Conditioner: Central, Electric
  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Trash
  • Condo Name: Beaches
  • Management: Association

Lot Info

  • Location: Boardwalk Front, Ocean Front

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Elevator, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2015
Closed on
Apr 17, 2015
Sold by
Gross John A and Gross Lisa J
Bought by
Durphy Gerald F and Durphy Bonnie E
Seller's Agent
John A. McCann
C A McCann and Sons, Inc
List Price
$240,000
Sold Price
$240,000
Total Days on Market
73
Current Estimated Value
$520,181

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,181
Avg. Annual Appreciation
7.94%
Original Mortgage
$190,000
Outstanding Balance
$150,942
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$369,467

Purchase Details

Closed on
Apr 29, 2003
Sold by
Moller C Richard
Bought by
Gross John A and Gross Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
5.82%
Source: Public Records

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Range of Values:

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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
Durphy Gerald F $240,000 Surety Title
Gross John A $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durphy Gerald F $190,000
Previous Owner Gross John A $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2015 04/17/15 Sold $240,000 0.0% --
03/31/2015 03/31/15 Pending -- -- --
01/17/2015 01/17/15 For Sale $240,000 -- --
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
2024 $3,188 $284,100 $180,100 $104,000
2023 $3,043 $284,100 $180,100 $104,000
2022 $2,923 $284,100 $180,100 $104,000
2021 $2,119 $284,100 $180,100 $104,000
2020 $2,779 $284,100 $180,100 $104,000
2019 $2,747 $284,100 $180,100 $104,000
2018 $2,722 $284,100 $180,100 $104,000
2017 $2,679 $284,100 $180,100 $104,000
2016 $2,577 $284,100 $180,100 $104,000
2015 $2,543 $284,100 $180,100 $104,000
2014 -- $284,100 $180,100 $104,000
Source: Public Records

Agents Affiliated with this Home

  • John A. McCann

    Seller's Agent in 2015

    John A. McCann

    C A McCann and Sons, Inc

    (609) 408-8106

    43 in this area

    145 Total Sales

    John A. McCann
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 441845

South Jersey Shore Regional MLS

APN: 08-01401-0000-00001-0000-C212

New Jersey Cape May County Ocean City 08226

1401 Ocean Ave Unit 212, Ocean City, NJ

This home is located at 1401 Ocean Ave Unit 212, Ocean City, NJ 08226 since 17 January 2015 and is currently estimated at $520,181. This property was built in 1989. 1401 Ocean Ave Unit 212 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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