NOT LISTED FOR SALE

1641 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,328,000 - $1,530,000

4 Beds
2 Baths
-- Sq Ft
3,790 Sq Ft Lot

Last Sold October 24, 2022

Last sale price $1,300,000

Est. 12% increase in value since last sale

Current estimated payment $8,289/month

Highlights

  • Deck
  • Wood Flooring
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Outdoor Community Showers

About This Home

As of October 2022

Fantastic location for this well-maintained, first-floor, 16th street condo in the heart of Ocean City. This four-bedroom, 2-bath condo has perfect curb appeal, with attractive porch awnings. Tastefully landscaped grounds, an inground sprinkler system, and seasonal flowers surrounding the welcoming front porch, set up for entertaining. Large great room with gas fireplace and large dining area. Large kitchen with plenty of counter space and spacious center island with plenty of seating for the family.  New flooring throughout the unit. The house has been freshly painted and meticulously maintained. The property had a new roof installed in 2021, the HVAC and condenser are 4 years old, and the house also has a tankless hot water heater for hot water on demand. The garage area has a one-car private garage and one parking spot outside, a separate storage room, and an enclosed private inside shower.  The proximity to the 17th street beach is great!  This condo is three houses to the 17th street corner and you only have 1 street to cross (Wesley Avenue) to the beach. Great summer rental potential with this property.  This glorious beach condo comes furnished with exceptions, and personal exclusions in (associated documents) as well as condo docs and condo survey. Virtual Tour link: https://my.matterport.com/show/?m=HeNf7cWiHdk

Last Agent to Sell the Property

John Kotakis

FOX REAL ESTATE-Brighton Listed on: 07/15/2022

Last Buyer's Agent

George Denney

KELLER WILLIAMS REALTY-CHERRY HILL

KELLER WILLIAMS REALTY-CHERRY HILL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,753

Year Built

  • Built in 1999

Lot Details

  • 3,790

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Overview

  • Central Ave Condos

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,753

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds
  • Lvt Date: 07/15/2022
  • Year Built: 1999
  • Age: 21 To 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas, Tankless-Gas

Condo/Co-op/Association

  • Condo Name: Central Ave
  • Management: Co-Owner

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Oct 24, 2022
Sold by
Grimmie Stephen Anthony
Bought by
Denney George E and Denney Wendy R
Seller's Agent
John Kotakis
FOX REAL ESTATE-Brighton
Buyer's Agent
George Denney
KELLER WILLIAMS REALTY-CHERRY HILL
List Price
$1,379,900
Sold Price
$1,300,000
Premium/Discount to List
-$79,900
-5.79%
Views
70
Current Estimated Value
$1,451,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,613
Avg. Annual Appreciation
3.80%
Original Mortgage
$1,040,000
Outstanding Balance
$1,025,203
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$426,410

Purchase Details

Closed on
Aug 22, 2017
Sold by
Weaver Jeffrey L and Weaver Sandra E
Bought by
Weaver Jeffrey L and Weaver Sandra E

Purchase Details

Closed on
Aug 10, 2006
Sold by
Sansalone William W
Bought by
Sansalone William W and Weaver Jeffrey L
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
Denney George E $1,300,000 Your Hometown Title
Denney George E $1,300,000 Your Hometown Title
Weaver Jeffrey L -- None Available
Weaver Sandra E -- None Available
Sansalone William W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Denney George E $1,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/24/2022 10/24/22 Sold $1,300,000 -3.7% --
08/17/2022 08/17/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $1,349,900 -2.2% --
07/15/2022 07/15/22 For Sale $1,379,900 +86.0% --
04/10/2020 04/10/20 Sold $742,000 -3.6% -- View Prior Sale
02/11/2020 02/11/20 Pending -- -- --
12/17/2019 12/17/19 Price Changed $769,900 -3.1% --
10/28/2019 10/28/19 For Sale $794,900 -- --
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 $6,753 $601,900 $302,100 $299,800
2024 $6,753 $601,900 $302,100 $299,800
2023 $6,446 $601,900 $302,100 $299,800
2022 $6,194 $601,900 $302,100 $299,800
2021 $4,490 $601,900 $302,100 $299,800
2020 $5,887 $601,900 $302,100 $299,800
2019 $5,820 $601,900 $302,100 $299,800
2018 $5,766 $601,900 $302,100 $299,800
2017 $5,676 $601,900 $302,100 $299,800
2016 $5,459 $601,900 $302,100 $299,800
2015 $5,387 $601,900 $302,100 $299,800
2014 $5,309 $601,900 $302,100 $299,800
Source: Public Records

Agents Affiliated with this Home

  • John Kotakis

    Seller's Agent in 2022

    John Kotakis

    FOX REAL ESTATE-Brighton

    (609) 703-0288

    46 in this area

    57 Total Sales

    John Kotakis
    Section Image
  • George Denney

    Buyer's Agent in 2022

    George Denney

    KELLER WILLIAMS REALTY-CHERRY HILL

    (609) 332-4172

    1 in this area

    8 Total Sales

    George Denney
    Section Image
  • Ellwood Paisley

    Seller's Agent in 2020

    Ellwood Paisley

    LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

    (609) 442-4366

    6 in this area

    13 Total Sales

    Ellwood Paisley
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 565179

South Jersey Shore Regional MLS

APN: 08-01602-0000-00003-0000-C1

New Jersey Cape May County Ocean City 08226

1641 Central Ave Unit 1, Ocean City, NJ

This home is located at 1641 Central Ave Unit 1, Ocean City, NJ 08226 since 15 July 2022 and is currently estimated at $1,451,613. This property was built in 1999. 1641 Central 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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