NOT LISTED FOR SALE

1402 Ocean Ave Unit 4 Ocean City, NJ 08226

Estimated Value: $1,628,000 - $1,911,000

-- Bed
-- Bath
2,384 Sq Ft
$748/Sq Ft Est. Value

About This Home

This home is located at 1402 Ocean Ave Unit 4, Ocean City, NJ 08226 and is currently estimated at $1,782,510, approximately $747 per square foot. 1402 Ocean Ave Unit 4 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2005
Sold by
Castle Land Development Llc
Bought by
Schils Gary P and Schils Margaret A
Current Estimated Value
$1,782,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$926,000
Outstanding Balance
$461,974
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,320,536

Purchase Details

Closed on
Oct 19, 2004
Sold by
Castle Land Development Llc
Bought by
Mcelhiney John J and Mcelhiney Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Schils Gary P $1,147,500 Ocean City Title Agency
Mcelhiney John J -- The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schils Gary P $926,000
Previous Owner Mcelhiney John J $840,000
Source: Public Records

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 $10,686 $952,400 $451,900 $500,500
2024 $10,686 $952,400 $451,900 $500,500
2023 $10,200 $952,400 $451,900 $500,500
2022 $9,800 $952,400 $451,900 $500,500
2021 $7,105 $952,400 $451,900 $500,500
2020 $9,314 $952,400 $451,900 $500,500
2019 $9,210 $952,400 $451,900 $500,500
2018 $9,124 $952,400 $451,900 $500,500
2017 $8,981 $952,400 $451,900 $500,500
2016 $8,638 $952,400 $451,900 $500,500
2015 $8,524 $952,400 $451,900 $500,500
2014 $8,400 $952,400 $451,900 $500,500
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

1402 Ocean Ave Unit 4, Ocean City, NJ

This home is located at 1402 Ocean Ave Unit 4, Ocean City, NJ 08226 and is currently estimated at $1,782,510, approximately $747 per square foot. 1402 Ocean Ave Unit 4 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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