NOT LISTED FOR SALE

1622 Wesley Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,312,000 - $1,438,000

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

Last Sold January 31, 2018

Last sale price $550,000

Est. 144% increase in value since last sale

Current estimated payment $7,883/month

93 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Main Floor Primary Bedroom
  • Breakfast Area or Nook

About This Home

As of January 2018

Don't let this opportunity pass you by. Come see this 4 bedroom 2 bath very well maintained beach block condo in the heart of Ocean City. This unit is in a great location, just steps to the beach, boardwalk and downtown shopping. Perfect for year round use or investment opportunity. Great location, great property, great value! Come see for yourself why Ocean City, New Jersey was named "America's Greatest Family Resort".

Last Agent to Sell the Property

John A. McCann

C A McCann and Sons, Inc License #8545402 Listed on: 07/01/2017

Last Buyer's Agent

Kevin Kozak

Compass New Jersey-Ocean City (O463E) License #SP-9482565

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,394

Year Built

  • Built in 1988

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Shades
  • Blinds
  • Dining Room
  • Carpet

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

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

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,394

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Partially Furnished, Shades
  • Lvt Date: 07/01/2017
  • Year Built: 1988
  • Age: 25+ 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

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Wood Burning
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Breakfast Nook, Dining Room, Laundry/Utility Room, Primary Br On 1st Floor
  • Common Area Features: Cable Tv, Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • 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

  • Management: Co-Owner

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2017
Closed on
Jan 24, 2018
Sold by
Grace T Ritter Ret and Mccloskey Tr Denise D
Bought by
Jones John A and Jones Amy S
Seller's Agent
John A. McCann
C A McCann and Sons, Inc
Buyer's Agent
Kevin Kozak
Compass New Jersey-Ocean City (O463E)
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$1,342,358

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$792,358
Avg. Annual Appreciation
12.66%

Purchase Details

Closed on
Apr 20, 2010
Sold by
Ritter Grace T
Bought by
Grace T Ritter Revocable Living Trust

Purchase Details

Closed on
Sep 19, 1988
Sold by
T & W Assoc
Bought by
Ritter Grace
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
Jones John A $550,000 --
Grace T Ritter Revocable Living Trust -- None Available
Ritter Grace $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ritter Grace T $15,000
Previous Owner Ritter Grace T $112,732
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $550,000 0.0% --
10/02/2017 10/02/17 Pending -- -- --
07/01/2017 07/01/17 For Sale $550,000 -- --
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 $6,394 $569,900 $385,500 $184,400
2024 $6,394 $569,900 $385,500 $184,400
2023 $6,104 $569,900 $385,500 $184,400
2022 $5,864 $569,900 $385,500 $184,400
2021 $4,251 $569,900 $385,500 $184,400
2020 $5,574 $569,900 $385,500 $184,400
2019 $5,511 $569,900 $385,500 $184,400
2018 $5,460 $569,900 $385,500 $184,400
2017 $5,374 $569,900 $385,500 $184,400
2016 $5,169 $569,900 $385,500 $184,400
2015 $5,101 $569,900 $385,500 $184,400
2014 $5,027 $569,900 $385,500 $184,400
Source: Public Records

Agents Affiliated with this Home

  • John A. McCann

    Seller's Agent in 2018

    John A. McCann

    C A McCann and Sons, Inc

    (609) 408-8106

    44 in this area

    150 Total Sales

    Section Image
  • Kevin Kozak

    Buyer's Agent in 2018

    Kevin Kozak

    Compass New Jersey-Ocean City (O463E)

    (609) 628-3095

    28 in this area

    60 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 489998

South Jersey Shore Regional MLS

APN: 08-01602-0000-00024-01-C1

New Jersey Cape May County Ocean City 08226

1622 Wesley Ave Unit 1, Ocean City, NJ

This home is located at 1622 Wesley Ave Unit 1, Ocean City, NJ 08226 since 01 July 2017 and is currently estimated at $1,353,336. This property was built in 1988. 1622 Wesley 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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