NOT LISTED FOR SALE

16 Morningside Rd Ocean City, NJ 08226

Estimated Value: $2,316,000 - $2,818,000

6 Beds
4 Baths
3,252 Sq Ft
$785/Sq Ft Est. Value

Last Sold March 29, 2013

Last sale price $883,500 $272 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $14,391/month

46 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Patio
  • Ocean City Primary School Rated A
  • Sun or Florida Room
  • Living Room

About This Home

As of March 2013

Rare opportunity to live on beach block & have rental income to supplement your island lifestyle. 6 bedroom residential triplex sits back on private lot. Desirable East side Gardens. More than meets the Eye. Discover a hidden treasure.. Modern kitchen, skylit sun room in upper cottage, canopy of trees above private decks. 2 zone sprinkler, 4 parking , Advanced notice required.

Last Agent to Sell the Property

John Walton

Keller Williams Realty Jersey Shore-Ocean City Listed on: 07/06/2012

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,608

Lot Details

  • Lot Dimensions are 30x130
  • Building is beachfront but unit may not have water views

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Storage In Attic
  • Storm Screens

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,608

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Other Rooms: Dining Room, Florida Room, Kitchen, Living Room, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Patio, Shed, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Wall Units
  • Heating: Baseboard, Electric, Gas-Natural, Hot Water
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric, Gas

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 30X130

Rental Info

  • Rental Information: Seasonal, Yearly

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 1
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2012
Closed on
Mar 13, 2013
Sold by
Rizzo John and Rizzo Carol
Bought by
Theodore D Alessio and Alessio Janet D
Seller's Agent
John Walton
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$883,500
Sold Price
$883,500
Current Estimated Value
$2,553,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,669,622
Avg. Annual Appreciation
8.84%
Original Mortgage
$645,300
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2004
Sold by
Tracy Sharon and Blackburn Victoria L
Bought by
Rizzo John and Rizzo Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$721,600
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2003
Sold by
Postiglione Joseph R
Bought by
Blackburn Victoria L and Tracy Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
5.88%

Purchase Details

Closed on
Nov 3, 1989
Sold by
Tracy Nicholas and Tracy Sharon
Bought by
Tracy Nicholas and Tracy Sharon
Source: Public Records

Range of Values:

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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
Theodore D Alessio $882,500 None Available
Rizzo John $902,000 Congress Title Division
Blackburn Victoria L -- --
Tracy Nicholas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Theodore D Alessio $645,300
Previous Owner Rizzo John $721,600
Previous Owner Blackburn Victoria L $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2013 03/29/13 Sold $883,500 0.0% $272 / Sq Ft
08/21/2012 08/21/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $883,500 -- $272 / 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 $9,608 $856,300 $567,300 $289,000
2024 $9,608 $856,300 $567,300 $289,000
2023 $9,171 $856,300 $567,300 $289,000
2022 $8,811 $856,300 $567,300 $289,000
2021 $6,388 $856,300 $567,300 $289,000
2020 $8,375 $856,300 $567,300 $289,000
2019 $8,280 $856,300 $567,300 $289,000
2018 $8,203 $856,300 $567,300 $289,000
2017 $8,075 $856,300 $567,300 $289,000
2016 $7,767 $856,300 $567,300 $289,000
2015 $7,664 $856,300 $567,300 $289,000
2014 $7,553 $856,300 $567,300 $289,000
Source: Public Records

Agents Affiliated with this Home

  • John Walton

    Seller's Agent in 2013

    John Walton

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 338-7667

    56 in this area

    75 Total Sales

    John Walton
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2013

    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: 397373

South Jersey Shore Regional MLS

APN: 08-00070-34-00031

New Jersey Cape May County Ocean City 08226

16 Morningside Rd, Ocean City, NJ

This home is located at 16 Morningside Rd, Ocean City, NJ 08226 since 06 July 2012 and is currently estimated at $2,553,122, approximately $785 per square foot. 16 Morningside Rd 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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