NOT LISTED FOR SALE

1446 Ocean Ave Unit 7 Ocean City, NJ 08226

Estimated Value: $671,166 - $789,000

2 Beds
2 Baths
863 Sq Ft
$825/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $420,000 $487 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $4,550/month

36 Days on Market

Highlights

  • Water Views
  • Water Oriented
  • Cooling System Mounted In Outer Wall Opening
  • Ocean City Primary School Rated A
  • Attic
  • Living Room

About This Home

As of May 2014

Unbelievable Ocean Views Highlight this Great Top Floor Condo. Nicely Furnished with Full Kitchen Dining Area, Large Living Room, 2 Bedrooms, 1 with Private Bath, All in this Great Corner Location Across from the Boardwalk and Beach. Sit Out on the Huge Wrap Around Deck and Soak In all the Beach and Boardwalk have to Offer. 3 outdoor showers. Although there is a common laundry room with washers and dryers the plumbing and hookups are already in place for a washer and gas dryer in the condo. Condo Fee Includes Electric,Gas,Water,Sewer,Cable, Insurance and Maintenance. Incredible Rental Property. Great rental history over $ 31,000 in gross rentals per yr.

Last Agent to Sell the Property

Robert Bond

RE/MAX At the Shore Listed on: 02/16/2014

RE/MAX At the Shore

Last Buyer's Agent

Robert Bond

RE/MAX At the Shore Listed on: 02/16/2014

RE/MAX At the Shore

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,779

Year Built

  • Built in 1920

Lot Details

  • 3,750 Sq Ft Lot
  • Lot Dimensions are 50x75

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 863 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Water Views
  • Basement
  • Exterior Basement Entry
  • Attic

Kitchen

  • Self-Cleaning Oven
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Walk-in Shower

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Exterior Lighting
  • Shed

Schools

  • Ocean City Elementary And Middle School
  • Ocean City High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Air
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00029-C7
  • Assessor Parcel Number 08-01402-00029-C7

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, snow removal, trash, electricity, heat, water, sewer, cook fee, insurance
  • Ocean City Boardwalk Subdivision

Amenities

  • Laundry Facilities

Pet Policy

  • Pets allowed on a case-by-case basis

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,779

Year Built

Built in 1920

Lot Details

0

HOA Fees

$362 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 1920
  • Remarks Public: Unbelievable Ocean Views Highlight this Great Top Floor Condo. Nicely Furnished with Full Kitchen Dining Area, Large Living Room, 2 Bedrooms, 1 with Private Bath, All in this Great Corner Location Across from the Boardwalk and Beach. Sit Out on the Huge Wrap Around Deck and Soak In all the Beach and Boardwalk have to Offer. 3 outdoor showers. Although there is a common laundry room with washers and dryers the plumbing and hookups are already in place for a washer and gas dryer in the condo. Condo Fee Includes Electric,Gas,Water,Sewer,Cable, Insurance and Maintenance. Incredible Rental Property. Great rental history over $ 31,000 in gross rentals per yr.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Oven - Self Cleaning, Dishwasher, Refrigerator, Disposal
  • Interior Amenities: Primary Bath(s), Stall Shower
  • Fireplace: No
  • Levels Count: 3+
  • Room Count: 6
  • Room List: Living Room, Primary Bedroom, Kitchen, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Outside Entrance
  • Laundry Type: Shared
  • Living Area Units: Square Feet
  • Total Sq Ft: 863
  • Living Area Sq Ft: 863
  • Net Sq Ft: 863.00
  • Price Per Sq Ft: 498.15
  • Above Grade Finished Sq Ft: 863
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1446

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Access To Pool: No
  • Exterior Features: Sidewalks, Street Lights, Exterior Lighting, Outside Shower
  • Roof: Pitched, Shingle
  • View: Water
  • View: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 362.00
  • HOA Fee Frequency: Monthly
  • Additional Association Fees: Hot Water
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Snow Removal, Trash, Electricity, Heat, Water, Sewer, Cook Fee, Insurance
  • HOA: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • Elementary School: OCEAN CITY
  • Middle School: OCEAN CITY
  • High School: OCEAN CITY
  • School District Key: 300200397020
  • Elementary School: OCEAN CITY
  • High School: OCEAN CITY
  • Middle Or Junior School: OCEAN CITY

Lot Info

  • Improvement Assessed Value: 150500.00
  • Land Assessed Value: 179500.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 50X75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3750.00
  • Zoning: RM

Green Features

  • Green Remarks: The plumbing and hookups are already in place for a Washer and Gas Dryer in the Condo. There is a storage room under the front entrance stairway that is exclusive to this unit. Plenty of room for Bikes, Chairs and Beach Gear. Condo fee includes all utilit

Rental Info

  • Pets: Case By Case Basis
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3799420
  • Tax Annual Amount: 2779.00
  • Assessor Parcel Number: 08-01402-00029-C7
  • Tax Lot: 00029-C7
  • Tax Year: 2013
  • Close Date: 05/30/2014

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2014
Closed on
May 29, 2014
Sold by
Jainnini William M and Jaininni Jennifer
Bought by
Grunwald Thomas D and Grunwald Jacqueline H
Seller's Agent
Robert Bond
RE/MAX At the Shore
Buyer's Agent
Robert Bond
RE/MAX At the Shore
List Price
$429,900
Sold Price
$420,000
Premium/Discount to List
-$9,900
-2.3%
Current Estimated Value
$712,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,042
Avg. Annual Appreciation
4.80%
Original Mortgage
$336,000
Outstanding Balance
$256,983
Interest Rate
4.27%
Mortgage Type
New Conventional
Estimated Equity
$455,059

Purchase Details

Closed on
Jun 21, 2010
Sold by
Wegryn Richard E
Bought by
Jainnini William M and Jainnini Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,825
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2004
Sold by
Mclellan A Thomas
Bought by
Wegryn Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 3, 1998
Sold by
O'Brien John F
Bought by
Mccellan A Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.98%
Source: Public Records

Range of Values:

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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
Grunwald Thomas D $420,000 North American Title
Jainnini William M $382,500 Mutual Title Agency
Wegryn Richard E $350,000 --
Mccellan A Thomas $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grunwald Thomas D $336,000
Previous Owner Jainnini William M $286,825
Previous Owner Wegryn Richard Edward $91,750
Previous Owner Wegryn Richard E $535,500
Previous Owner Wegryn Richard E $140,000
Previous Owner Wegryn Richard E $332,500
Previous Owner Mccellan A Thomas $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2014 05/30/14 Sold $420,000 -2.3% $487 / Sq Ft
03/24/2014 03/24/14 Pending -- -- --
02/16/2014 02/16/14 For Sale $429,900 -- $498 / Sq Ft
Source: Bright 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 $3,703 $330,000 $179,500 $150,500
2024 $3,703 $330,000 $179,500 $150,500
2023 $3,534 $330,000 $179,500 $150,500
2022 $3,396 $330,000 $179,500 $150,500
2021 $2,462 $330,000 $179,500 $150,500
2020 $3,227 $330,000 $179,500 $150,500
2019 $3,191 $330,000 $179,500 $150,500
2018 $3,161 $330,000 $179,500 $150,500
2017 $3,112 $330,000 $179,500 $150,500
2016 $2,993 $330,000 $179,500 $150,500
2015 $2,954 $330,000 $179,500 $150,500
2014 $2,911 $330,000 $179,500 $150,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Robert Bond

    RE/MAX

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Map

Source: Bright MLS

MLS Number: 1000493221

Bright MLS

APN: 08-01402-0000-00029-0000-C7

New Jersey Cape May County Ocean City 08226

1446 Ocean Ave Unit 7, Ocean City, NJ

This home is located at 1446 Ocean Ave Unit 7, Ocean City, NJ 08226 since 16 February 2014 and is currently estimated at $712,042, approximately $825 per square foot. This property was built in 1920. 1446 Ocean Ave Unit 7 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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