NOT LISTED FOR SALE

1657 Asbury Ave Unit 1st Floor Ocean City, NJ 08226

Estimated Value: $1,320,000 - $1,503,000

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

Last Sold May 22, 2020

Last sale price $725,000

Est. 96% increase in value since last sale

Current estimated payment $8,151/month

2 Days on Market

Highlights

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

About This Home

As of May 2020

Immaculate 1st floor Condo at 16th & Asbury. 4 Bedroom, 2.5 Bath, close to Beach, Boardwalk and Downtown. Great open concept living with spacious rooms, kitchen w/stainless appliances and granite countertops, gas fireplace, ceiling fans, half bath, hardwood floors throughout kitchen, dining and living area. Large covered front porch and rear porch with access from 2 bedrooms. Additional features include enclosed outside shower, sprinkler system, large 1 car attached garage w/storage area. Sound proofing between 1st and 2nd floors added when built to minimize noise. Condo has solid rental history, with 10 weeks booked for 2020 summer. Don't miss this opportunity. Easy to show.

Last Agent to Sell the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 04/18/2020

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Nicole Presnall

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,232

Year Built

  • Built in 2008

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Dining Area

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Parking Pad

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,232

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 04/18/2020
  • Year Built: 2008
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage
  • Parking Exterior: Two Car, Parking Pad

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: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2020
Closed on
May 21, 2020
Sold by
Low Noreen
Bought by
Gunning James and Gunning Leah
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
List Price
$739,900
Sold Price
$725,000
Premium/Discount to List
-$14,900
-2.01%
Current Estimated Value
$1,423,801

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$698,801
Avg. Annual Appreciation
13.42%
Original Mortgage
$559,000
Outstanding Balance
$494,415
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$929,386
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
Gunning James $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gunning James $559,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2020 05/22/20 Sold $725,000 -2.0% --
04/20/2020 04/20/20 Pending -- -- --
04/18/2020 04/18/20 For Sale $739,900 -- --
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 $7,232 $644,600 $327,900 $316,700
2024 $7,232 $644,600 $327,900 $316,700
2023 $6,904 $644,600 $327,900 $316,700
2022 $6,633 $644,600 $327,900 $316,700
2021 $4,809 $644,600 $327,900 $316,700
2020 $6,304 $644,600 $327,900 $316,700
2019 $6,233 $644,600 $327,900 $316,700
2018 $6,175 $644,600 $327,900 $316,700
2017 $6,079 $644,600 $327,900 $316,700
2016 $5,847 $644,600 $327,900 $316,700
2015 $5,769 $644,600 $327,900 $316,700
2014 $5,685 $644,600 $327,900 $316,700
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Seller's Agent in 2020

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    128 in this area

    162 Total Sales

    Mark Grimes
    Section Image
  • Nicole Presnall

    Buyer's Agent in 2020

    Nicole Presnall

    BHHS Fox & Roach

    (609) 827-3119

    68 in this area

    101 Total Sales

    Nicole Presnall
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 536178

South Jersey Shore Regional MLS

APN: 08-01603-0000-00002-0000-C1

New Jersey Cape May County Ocean City 08226

1657 Asbury Ave Unit 1st Floor, Ocean City, NJ

This home is located at 1657 Asbury Ave Unit 1st Floor, Ocean City, NJ 08226 since 18 April 2020 and is currently estimated at $1,423,801. This property was built in 2008. 1657 Asbury Ave Unit 1st Floor 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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