NOT LISTED FOR SALE

1402 Ocean Ave Unit 1st Floor Ocean City, NJ 08226

Estimated Value: $1,275,000 - $1,424,218

4 Beds
2.5 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold December 04, 2020

Last sale price $869,000

Est. 56% increase in value since last sale

Current estimated payment $7,843/month

Highlights

  • Wood Flooring
  • Furnished
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Forced Air Heating and Cooling System

About This Home

As of December 2020

Looking for a Beach House with Ocean Views for under $1,000,000? How about one for under $900,000? Look no further at this great investment opportunity. This 4 Bedroom 2 1/2 Bathroom condo offers ocean views from the front deck, a private cabana to rinse off when coming back from the beach and an excellent rental history with over $40,000 in Rental Income per season. Private garages are located on the ground level with a spacious owners closet for storage. The ground level hallway offers a cabana shower for each unit owner giving you privacy and space to rinse off. As you enter this home you are welcomed by Maple hardwood floors, and neutral paint colors. The kitchen, dining area and living room offer an expansive great room with over flow to the Huge front covered deck that captures the great views. This location is perfect! Close proximity to eateries, shops and just a few blocks from Ocean City's amusement parks. Only a 1/2 block to the Wonderful Beaches that Ocean City has to offer!

Last Agent to Sell the Property

Damon Bready

BHHS FOX and ROACH-Simpson OC Listed on: 08/13/2020

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,996

Lot Details

  • 4,008

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Great Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,996

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 08/13/2020
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Great Room
  • Common Area Features: Cable Tv

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Dec 4, 2020
Sold by
Hendrixson Matthew A and Hendrixson Marie T
Bought by
Weist Timothy T and Weist Vanisa D
Seller's Agent
Damon Bready
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$879,999
Sold Price
$869,000
Premium/Discount to List
-$10,999
-1.25%
Current Estimated Value
$1,353,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,555
Avg. Annual Appreciation
9.57%
Original Mortgage
$470,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 2004
Sold by
Castle Land Development Llc
Bought by
Hendrixson Mathew A and Hendrixson Marie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,750
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
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
Weist Timothy T $869,000 None Available
Hendrixson Mathew A $925,000 Independence Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weist Timothy T $470,000
Previous Owner Hendrixson Mathew A $693,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $869,000 -1.2% --
10/12/2020 10/12/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $879,999 -- --
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 $7,996 $712,700 $369,700 $343,000
2024 $7,996 $712,700 $369,700 $343,000
2023 $7,633 $712,700 $369,700 $343,000
2022 $7,334 $712,700 $369,700 $343,000
2021 $5,317 $712,700 $369,700 $343,000
2020 $6,970 $712,700 $369,700 $343,000
2019 $6,892 $712,700 $369,700 $343,000
2018 $6,828 $712,700 $369,700 $343,000
2017 $6,721 $712,700 $369,700 $343,000
2016 $6,464 $712,700 $369,700 $343,000
2015 $6,379 $712,700 $369,700 $343,000
2014 $6,286 $712,700 $369,700 $343,000
Source: Public Records

Agents Affiliated with this Home

  • Damon Bready

    Seller's Agent in 2020

    Damon Bready

    BHHS Fox & Roach

    (609) 703-3030

    39 in this area

    151 Total Sales

    Damon Bready
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2020

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    210 in this area

    315 Total Sales

    Cheryl Huber
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 540575

South Jersey Shore Regional MLS

APN: 08-01402-0000-00018-0000-C1

New Jersey Cape May County Ocean City 08226

1402 Ocean Ave Unit 1st Floor, Ocean City, NJ

This home is located at 1402 Ocean Ave Unit 1st Floor, Ocean City, NJ 08226 since 13 August 2020 and is currently estimated at $1,353,555. 1402 Ocean Ave Unit 1st Floor 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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