NOT LISTED FOR SALE

1513 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,409,000 - $1,532,000

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

Last Sold March 15, 2019

Last sale price $685,000

Est. 113% increase in value since last sale

Current estimated payment $8,435/month

69 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • 4-minute walk to Emil palmer park

About This Home

As of March 2019

Beautiful centrally located ocean side of Central Ave 4 bedroom 2 bath 1st floor just steps to the beach and the boardwalk. Features include gourmet kitchen with granite counter tops, tile back splash, elevator, garage, enclosed outside shower and much more. Excellent rental history.

Last Agent to Sell the Property

William Godfrey

MARR AGENCY Listed on: 11/26/2018

Last Buyer's Agent

William Godfrey

MARR AGENCY Listed on: 11/26/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,829

Year Built

  • Built in 2006

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room
  • Carpet
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Assigned Parking

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Overview

  • Central Ave Condos

Amenities

  • Community Deck or Porch
  • Elevator

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,829

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Furnished
  • Lvt Date: 11/26/2018
  • Year Built: 2006
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Great Room, Primary Br On 1st Floor
  • Common Area Features: Deck/Porch, Elevator, Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Dryvit, Masonry/Block, Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: Two Car, Assigned

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

  • Condo Name: Central Ave
  • Management: Association

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Elevator, Fireplace(s), Foyer, Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 31, 2006
Sold by
Rmg Real Estate Development Llc
Bought by
Penza Michael V
Current Estimated Value
$1,462,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$846,000
Interest Rate
6.87%
Mortgage Type
New Conventional
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
Penza Michael V -- Independence Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Penza Michael V $846,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2019 03/15/19 Sold $685,000 -2.1% --
02/03/2019 02/03/19 Pending -- -- --
01/17/2019 01/17/19 Price Changed $699,900 -1.3% --
11/26/2018 11/26/18 For Sale $709,000 -- --
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 $7,829 $697,800 $318,000 $379,800
2024 $7,829 $697,800 $318,000 $379,800
2023 $7,473 $697,800 $318,000 $379,800
2022 $7,180 $697,800 $318,000 $379,800
2021 $5,206 $697,800 $318,000 $379,800
2020 $6,824 $697,800 $318,000 $379,800
2019 $6,748 $697,800 $318,000 $379,800
2018 $6,685 $697,800 $318,000 $379,800
2017 $6,580 $697,800 $318,000 $379,800
2016 $6,329 $697,800 $318,000 $379,800
2015 $6,245 $697,800 $318,000 $379,800
2014 $6,155 $697,800 $318,000 $379,800
Source: Public Records

Agents Affiliated with this Home

  • William Godfrey

    Seller's Agent in 2019

    William Godfrey

    MARR AGENCY

    (609) 780-7363

    75 in this area

    87 Total Sales

    William Godfrey
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 514365

South Jersey Shore Regional MLS

APN: 08-01502-0000-00009-0000-C1

New Jersey Cape May County Ocean City 08226

1513 Central Ave Unit 1, Ocean City, NJ

This home is located at 1513 Central Ave Unit 1, Ocean City, NJ 08226 since 26 November 2018 and is currently estimated at $1,462,263. This property was built in 2006. 1513 Central Ave Unit 1 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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