NOT LISTED FOR SALE

16 Ocean Rd Unit 1 Ocean City, NJ 08226

Estimated Value: $944,000

3 Beds
2 Baths
-- Sq Ft
4,182 Sq Ft Lot

Last Sold September 30, 2016

Last sale price $400,000

Est. 136% increase in value since last sale

Current estimated payment $5,378/month

89 Days on Market

Highlights

  • Deck
  • Furnished
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Fireplace

About This Home

As of September 2016

ARE YOU FOR REAL - This Turn Key mint condition first floor condo with proven rental history is listed for only 424,900. This condo has 3 bedrooms and 2 full baths with a large den/bedroom currently used for guest overflow. Two full size covered decks, Central Air, Updated Kitchen and more. Act today and collect the rent. Second floor also for sale - MLS # 472456

Last Agent to Sell the Property

WILLIAM SMITH JR

BHHS FOX and ROACH-109 34th OC Listed on: 05/13/2016

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Rebecca Stanislaw

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #0342759

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,245

Lot Details

  • 4,182

Parking

  • 1 Parking Space

Home Design

  • Asbestos Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Fireplace
  • Drapes & Rods
  • Blinds

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available
  • Gas Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,245

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Furnished
  • Lvt Date: 05/13/2016
  • 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

  • Appliances: Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Asbestos

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 12, 2018
Sold by
Duffy Robert and Duffy Elizabeth M
Bought by
Marsicano Jonathan and Marsicano Christine
Current Estimated Value
$944,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,600
Outstanding Balance
$302,025
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$641,975

Purchase Details

Listed on
May 13, 2016
Closed on
Oct 5, 2016
Sold by
Remuzzi Raymond and Remuzzi Jeanne
Bought by
Duffy Robert and Duffy Elizabeth M
Seller's Agent
WILLIAM SMITH JR
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Rebecca Stanislaw
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%

Purchase Details

Closed on
Mar 31, 1994
Sold by
Scardilli Joseph A
Bought by
Kilroy Clinton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,000
Interest Rate
7.07%
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
Marsicano Jonathan $432,000 --
Duffy Robert $400,000 None Available
Kilroy Clinton $182,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsicano Jonathan $345,600
Previous Owner Kilroy Clinton $158,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2016 09/30/16 Sold $400,000 0.0% --
08/10/2016 08/10/16 Pending -- -- --
05/13/2016 05/13/16 For Sale $400,000 -- --
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 $4,245 $378,300 $188,100 $190,200
2024 $4,245 $378,300 $188,100 $190,200
2023 $4,052 $378,300 $188,100 $190,200
2022 $3,893 $378,300 $188,100 $190,200
2021 $2,822 $378,300 $188,100 $190,200
2020 $3,700 $378,300 $188,100 $190,200
2019 $3,658 $378,300 $188,100 $190,200
2018 $3,624 $378,300 $188,100 $190,200
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2016

    WILLIAM SMITH JR

    BHHS Fox & Roach

    (732) 779-5273

    2 in this area

    5 Total Sales

    WILLIAM SMITH JR
    Section Image
  • Rebecca Stanislaw

    Buyer's Agent in 2016

    Rebecca Stanislaw

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 204-5788

    4 in this area

    4 Total Sales

    Rebecca Stanislaw
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 467964

South Jersey Shore Regional MLS

APN: 08-00070-03-00015-0000-C1

New Jersey Cape May County Ocean City 08226

16 Ocean Rd Unit 1, Ocean City, NJ

This home is located at 16 Ocean Rd Unit 1, Ocean City, NJ 08226 since 13 May 2016 and is currently estimated at $944,000. 16 Ocean Rd 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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