NOT LISTED FOR SALE

1616 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $947,246 - $1,252,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold June 08, 2023

Last sale price $999,999

Est. 9% increase in value since last sale

Current estimated payment $6,227/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • 4-minute walk to Emil palmer park

About This Home

As of June 2023

NOW is the time to own this absolutely beautiful Bob Coste built 3 bedroom 2 bathroom beach home in the most desirable location of Ocean City! This house is ideally situated to everything in town: Downtown Asbury, CVS, WAWA, Starbucks, Mario’s Pizza, Ocean City Community Center and just 2 blocks to the beach and boardwalk! New updates include hardwood floors, stainless steel appliances, white kitchen cabinets, fresh paint, carpeting and a cabana shower. Double entrances on the side and front. Soak in the gentle morning sun, relax in the afternoon shade and enjoy the ocean breeze from your own porch. 1616 Asbury is ready for you to move right in and enjoy the beach! Call today for your private showing.

Last Agent to Sell the Property

Margarita Kobilianets

BERGER REALTY-Main Listed on: 05/14/2023

Last Buyer's Agent

Patricia Gallo

MONIHAN REALTY-A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,579

Year Built

  • Built in 2004

Lot Details

  • 3,006

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Blinds
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,579

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 05/14/2023
  • Year Built: 2004
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area
  • Common Area Features: Cable Tv, Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central, Electric
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Association

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2023
Closed on
Jun 8, 2023
Sold by
Lancaster Edward G
Bought by
Donten Michael J and Donten Jennifer B
Seller's Agent
Margarita Kobilianets
BERGER REALTY-Main
Buyer's Agent
Patricia Gallo
MONIHAN REALTY-A
List Price
$999,999
Sold Price
$999,999
Views
123
Current Estimated Value
$1,086,812

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,813
Avg. Annual Appreciation
3.62%
Original Mortgage
$500,000
Outstanding Balance
$486,532
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$600,280

Purchase Details

Closed on
Apr 24, 2009
Sold by
Culp William P
Bought by
Lancaster Edward G and Lancaster Diane R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 21, 2009
Sold by
Sharp Jordan
Bought by
Culp William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2005
Sold by
Bergman Leonard S and Bergman Michele J
Bought by
Culp William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 4, 2005
Sold by
Abbonizio Maria V
Bought by
Bergman Leonard S and Bergman Michele J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 2, 2004
Sold by
Robert Coste Inc
Bought by
Crocker Elizabeth and Crocker Michael J

Purchase Details

Closed on
Sep 30, 2002
Sold by
Nell Emil J
Bought by
Robert Coste Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$515,000
Interest Rate
6.25%
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
Donten Michael J $999,999 The Title Company
Donten Michael J $999,999 The Title Company
Lancaster Edward G $512,000 The Title Company Of Jersey
Culp William P -- Fidelity Natl Title Ins Co
Culp William P $729,900 Congress Title Company
Bergman Leonard S $600,000 --
Crocker Elizabeth $545,000 --
Robert Coste Inc $375,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Donten Michael J $500,000
Closed Donten Michael J $500,000
Previous Owner Lancaster Edward G $256,000
Previous Owner Culp William P $450,000
Previous Owner Bergman Leonard S $480,000
Previous Owner Robert Coste Inc $515,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $999,999 0.0% --
05/19/2023 05/19/23 Pending -- -- --
05/14/2023 05/14/23 For Sale $999,999 -- --
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 $5,579 $497,200 $253,500 $243,700
2024 $5,579 $497,200 $253,500 $243,700
2023 $5,325 $497,200 $253,500 $243,700
2022 $5,116 $497,200 $253,500 $243,700
2021 $3,709 $497,200 $253,500 $243,700
2020 $4,863 $497,200 $253,500 $243,700
2019 $4,808 $497,200 $253,500 $243,700
2018 $4,763 $497,200 $253,500 $243,700
2017 $4,689 $497,200 $253,500 $243,700
2016 $4,510 $497,200 $253,500 $243,700
2015 $4,450 $497,200 $253,500 $243,700
2014 $4,385 $497,200 $253,500 $243,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Margarita Kobilianets

    BERGER REALTY-Main

    (609) 674-3417

    8 in this area

    9 Total Sales

    Margarita Kobilianets
    Section Image
  • Patricia Gallo

    Buyer's Agent in 2023

    Patricia Gallo

    MONIHAN REALTY-A

    (609) 398-1147

    11 in this area

    14 Total Sales

    Patricia Gallo
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 573978

South Jersey Shore Regional MLS

APN: 08-01604-0000-00021-0000-C1

New Jersey Cape May County Ocean City 08226

1616 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 1616 Asbury Ave Unit 1, Ocean City, NJ 08226 since 14 May 2023 and is currently estimated at $1,086,812. This property was built in 2004. 1616 Asbury 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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