NOT LISTED FOR SALE

164 N Basin Dr Unit 1 Ocean City, NJ 08226

Estimated Value: $475,000 - $613,000

2 Beds
2 Baths
936 Sq Ft
$581/Sq Ft Est. Value

About This Home

This home is located at 164 N Basin Dr Unit 1, Ocean City, NJ 08226 and is currently estimated at $543,771, approximately $580 per square foot. 164 N Basin Dr 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 1, 2024
Sold by
Mohrman George J and Mohrman Lorene E
Bought by
Chamberlain Michele
Current Estimated Value
$543,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Outstanding Balance
$316,141
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$227,630

Purchase Details

Closed on
Jan 2, 2008
Sold by
Barnett Mark J and Barnett Robin L
Bought by
Mohrman George J and Mohrman Lorene E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$293,400
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Schoen Joseph J
Bought by
Barnett Mark J and Barnett Robin L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,800
Interest Rate
5.91%

Purchase Details

Closed on
Aug 17, 1991
Sold by
Patterson David R and Barbara Jean
Bought by
Schoen Joseph J and Schoen Dawn C
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Chamberlain Michele $510,000 Freedom Title
Chamberlain Michele $510,000 Freedom Title
Mohrman George J $326,000 Landamerica Nj Title Ins Co
Barnett Mark J $216,000 --
Schoen Joseph J $108,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chamberlain Michele $320,000
Closed Chamberlain Michele $320,000
Previous Owner Mohrman George J $293,400
Previous Owner Barnett Mark J $172,800
Source: Public Records

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 $2,525 $243,300 $107,800 $135,500
2024 $2,525 $225,000 $107,800 $117,200
2023 $2,410 $225,000 $107,800 $117,200
2022 $2,315 $225,000 $107,800 $117,200
2021 $1,679 $225,000 $107,800 $117,200
2020 $2,201 $225,000 $107,800 $117,200
2019 $2,176 $225,000 $107,800 $117,200
2018 $2,156 $225,000 $107,800 $117,200
2017 $2,122 $225,000 $107,800 $117,200
2016 $2,041 $225,000 $107,800 $117,200
2015 $2,014 $225,000 $107,800 $117,200
2014 $1,985 $225,000 $107,800 $117,200
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

164 N Basin Dr Unit 1, Ocean City, NJ

This home is located at 164 N Basin Dr Unit 1, Ocean City, NJ 08226 and is currently estimated at $543,771, approximately $580 per square foot. 164 N Basin Dr 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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