$595,000
SOLD NOV 8, 2024

169 N Basin Dr Unit 59 Ocean City, NJ 08226

3 Beds
2 Baths
-- Sq Ft
4.1 Acres

Recently Sold

1% Below List Price

15 Days on Market

Highlights

  • Clubhouse
  • Deck
  • Furnished
  • Ocean City Primary School Rated A
  • Main Floor Primary Bedroom
  • Ground Level Unit

About This Home

As of November 2024

Welcome to your beachside haven at Ocean Village South Condominiums, located in the tranquil south end of Ocean City, NJ. Unit 169 offers over 1,400 sq/ft of space in a well-maintained first-floor condo, presenting a fantastic opportunity for those looking to invest or personalize their own beach retreat. With three bedrooms, two full bathrooms, a fully equipped kitchen, and a spacious living area, this condo is ideal for family getaways or full-time living. Though the unit is clean and well-kept, it reflects its age and offers a wonderful chance to refresh and update to your personal taste. The unit comes with the convenience of central air cooling, ceiling fans throughout, and an outdoor patio for enjoying warm summer days. Additionally, it includes in-unit laundry and easy access with no stairs, making it perfect for all ages. The condo also offers deeded off-street parking and a personal exterior storage bin for all your beach gear. The community features resort-style amenities, including a large in-ground pool, a clubhouse for social gatherings, shuffleboard courts, gas grills, and outdoor showers, all within beautifully manicured grounds. With professional management overseeing the property, you can enjoy a hassle-free living experience. For those interested in an investment, this condo is a turnkey rental operation, generating approximately $30k in rental income per season. It comes with property management and cleaning services already in place for a seamless transition. Plus, it’s currently the lowest-priced three-bedroom, two-bath unit in Ocean City, making it an incredible value. Don’t miss your chance to own this beachside gem at 169 N Basin Drive. Schedule your viewing today and start enjoying the Ocean City lifestyle!

Last Agent to Sell the Property

ZACHERY FEINSTEIN

Compass New Jersey-Ocean City (O463E) Listed on: 09/06/2024

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Brian Logue

BHHS FOX and ROACH-Simpson OC License #1431144

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,968

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Great Room
  • Dining Area
  • Carpet

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, trash, pool
  • Ocean Village S Condos

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

  • Outdoor Community Showers
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,968

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Lvt Date: 09/06/2024
  • 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: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Primary Br On 1st Floor
  • Common Area Features: Clubhouse/Clubroom, Deck/Porch, Outside Shower, Pool, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Trash, Pool
  • Condo Name: Ocean Village S
  • Management: Association, Off-Site Professionals

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Nov 7, 2024
Sold by
Souadda Nicole Bruno and Souadda Nicole Marla
Bought by
Souadda Family Investments Llc
Seller's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Brian Logue
BHHS FOX and ROACH-Simpson OC
List Price
$599,900
Sold Price
$595,000
Premium/Discount to List
-$4,900
-0.82%
Views
30
Current Estimated Value
$641,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,354
Avg. Annual Appreciation
10.11%
Original Mortgage
$375,000
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2019
Sold by
Bruno-Papa Madaline
Bought by
Souadda Nicole M

Purchase Details

Closed on
Jul 14, 2004
Sold by
Bruno Madaline G
Bought by
Bruno Madaline G and Papa Madaline Bruno

Purchase Details

Closed on
Jan 5, 1996
Sold by
Sternheim Selwyn
Bought by
Bruno Madaline
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- Trident Land Transfer
Deed $594,999 Trident Land Transfer
Quit Claim Deed -- Trident Land Transfer
Deed $150,000 --
Interfamily Deed Transfer -- --
Deed $84,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $375,000 New Conventional
Previous Owner $0 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2024 11/08/24 Sold $595,000 -0.8% --
09/21/2024 09/21/24 Pending -- -- --
09/18/2024 09/18/24 For Sale $599,900 0.0% --
09/12/2024 09/12/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $599,900 -- --
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
2024 $2,968 $264,500 $131,700 $132,800
2023 $2,833 $264,500 $131,700 $132,800
2022 $2,722 $264,500 $131,700 $132,800
2021 $1,973 $264,500 $131,700 $132,800
2020 $2,587 $264,500 $131,700 $132,800
2019 $2,558 $264,500 $131,700 $132,800
2018 $2,534 $264,500 $131,700 $132,800
2017 $2,494 $264,500 $131,700 $132,800
2016 $2,399 $264,500 $131,700 $132,800
2015 $2,367 $264,500 $131,700 $132,800
2014 $2,333 $264,500 $131,700 $132,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 588800

South Jersey Shore Regional MLS

APN: 08-05950-0000-00008-0000-C59