NOT LISTED FOR SALE

16 E 12th St Ocean City, NJ 08226

Estimated Value: $636,619 - $1,084,000

3 Beds
1 Bath
1,180 Sq Ft
$710/Sq Ft Est. Value

Last Sold December 12, 2022

Last sale price $575,000 $487 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,708/month

177 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Workshop
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Skylights

About This Home

As of December 2022

Classic beach cottage in the heart of Ocean City sleeps 10! Enjoy the 3 decks and a private landscaped back yard! This home features 2 Bedrooms and 1 full Bath on the first floor and a 2nd floor Bunk room. Updated kitchen, hardwood floors and large outside shower. Excellent location, close to the 12th St fishing pier, playground, Boardwalk and Downtown. Don't miss your opportunity to own a piece of Ocean City history.

Last Agent to Sell the Property

Brad Rice

BHHS FOX and ROACH-West Ave OC Listed on: 04/13/2022

BHHS FOX and ROACH-West Ave OC

Co-Listed By

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,360

Year Built

  • Built in 1930

Lot Details

  • Lot Dimensions are 25x90
  • Fenced

Home Design

  • Bungalow
  • Vinyl Siding

Interior Spaces

  • Partially Furnished
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Recreation Room
  • Workshop
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,360

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bungalow
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 04/13/2022
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Flooring: Hardwood, W/W Carpet
  • Interior Amenities: Skylight(s), Smoke/Fire Alarm
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Recreation/Family, Workshop

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Porch, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Screens

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: 25x90
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2022
Closed on
Dec 12, 2022
Sold by
Slane Joseph L
Bought by
Warech Michael Alan and Reilly Susanne Patricia
Seller's Agent
Brad Rice
BHHS FOX and ROACH-West Ave OC
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$799,900
Sold Price
$575,000
Premium/Discount to List
-$224,900
-28.12%
Views
211
Current Estimated Value
$837,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,655
Avg. Annual Appreciation
14.11%
Original Mortgage
$425,000
Outstanding Balance
$407,373
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$430,282

Purchase Details

Closed on
Nov 19, 2010
Sold by
Ocean City Tax Free Exchange Llc and Slane Joseph L
Bought by
Slane Joseph L

Purchase Details

Closed on
Oct 28, 2010
Sold by
Davis Margaret P
Bought by
Ocean City Tax Free Exchange Llc and Slane Joseph L
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
Warech Michael Alan $575,000 None Listed On Document
Slane Joseph L -- None Available
Ocean City Tax Free Exchange Llc $270,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warech Michael Alan $425,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2022 12/12/22 Sold $575,000 -16.1% $487 / Sq Ft
08/23/2022 08/23/22 Price Changed $685,000 -11.8% $581 / Sq Ft
05/27/2022 05/27/22 Price Changed $777,000 -2.9% $658 / Sq Ft
04/13/2022 04/13/22 For Sale $799,900 -- $678 / Sq Ft
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 $3,360 $299,500 $220,800 $78,700
2024 $3,360 $299,500 $220,800 $78,700
2023 $2,720 $254,000 $220,800 $33,200
2022 $2,614 $254,000 $220,800 $33,200
2021 $1,503 $254,000 $220,800 $33,200
2020 $2,484 $254,000 $220,800 $33,200
2019 $2,456 $254,000 $220,800 $33,200
2018 $2,433 $254,000 $220,800 $33,200
2017 $2,395 $254,000 $220,800 $33,200
2016 $2,304 $254,000 $220,800 $33,200
2015 $2,273 $254,000 $220,800 $33,200
2014 $2,240 $254,000 $220,800 $33,200
Source: Public Records

Agents Affiliated with this Home

  • Brad Rice

    Seller's Agent in 2022

    Brad Rice

    BHHS Fox & Roach

    (609) 502-2242

    42 in this area

    103 Total Sales

    Brad Rice
    Section Image
  • Patrick Halliday

    Seller Co-Listing Agent in 2022

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    218 in this area

    367 Total Sales

    Patrick Halliday
    Section Image

  • A

    Buyer's Agent in 2022

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 561751

South Jersey Shore Regional MLS

APN: 08-01208-0000-00015

New Jersey Cape May County Ocean City 08226

16 E 12th St, Ocean City, NJ

This home is located at 16 E 12th St, Ocean City, NJ 08226 since 13 April 2022 and is currently estimated at $837,655, approximately $709 per square foot. This property was built in 1930. 16 E 12th St 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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