NOT LISTED FOR SALE

1700 Central Ave Unit 2nd floor Ocean City, NJ 08226

Estimated Value: $934,000 - $1,629,000

4 Beds
3 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold June 15, 2012

Last sale price $540,000

Est. 129% increase in value since last sale

Current estimated payment $7,076/month

41 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Den
  • Eat-In Kitchen

About This Home

As of June 2012

Corner property- easy to get to the Beach & Boardwalk! Lovely 2nd floor in the Gold Coast area of Ocean City! 4 bedrooms, 3 bathrooms, huge dining room, large porch, nice sized family room- great for a large family! Detached garage wtih storage and off-street parking. Home has never been rented, however 1st floor rents for $3000 - $3300 peak weeks.

Last Agent to Sell the Property

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 03/20/2012

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 03/20/2012

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,039

Lot Details

  • 5,009

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Dining Room
  • Den
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Gas Water Heater

Community Details

  • Community Boardwalk
  • Outdoor Community Showers

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,039

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen
  • Common Area Features: Deck/Porch, Outside Shower

Utilities

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

Lot Info

  • Location: Corner, Boardwalk Area

Multi Family

  • Unit Features: Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2012
Closed on
Jun 15, 2012
Sold by
Madden Vincent W and Madden Eileen M
Bought by
Cipolla Catherine A
Seller's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$540,000
Sold Price
$540,000
Current Estimated Value
$1,234,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$694,911
Avg. Annual Appreciation
6.40%
Original Mortgage
$324,000
Outstanding Balance
$214,180
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,020,731

Purchase Details

Closed on
Jun 30, 1989
Sold by
Madden Vincent and Madden Eileen
Bought by
Atlantic City Electric Co
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
Cipolla Catherine A $540,000 Title Resources Guaranty Co
Atlantic City Electric Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cipolla Catherine A $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $540,000 0.0% --
04/30/2012 04/30/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $540,000 -- --
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 $6,039 $538,200 $397,500 $140,700
2024 $6,039 $538,200 $397,500 $140,700
2023 $5,764 $538,200 $397,500 $140,700
2022 $5,538 $538,200 $397,500 $140,700
2021 $4,015 $538,200 $397,500 $140,700
2020 $5,264 $538,200 $397,500 $140,700
2019 $5,204 $538,200 $397,500 $140,700
2018 $5,156 $538,200 $397,500 $140,700
2017 $5,075 $538,200 $397,500 $140,700
2016 $4,881 $538,200 $397,500 $140,700
2015 $4,817 $538,200 $397,500 $140,700
2014 $4,747 $538,200 $397,500 $140,700
Source: Public Records

Agents Affiliated with this Home

  • Peter Madden

    Seller's Agent in 2012

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-4781

    130 in this area

    151 Total Sales

    Peter Madden
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 392328

South Jersey Shore Regional MLS

APN: 08-01703-0000-00014-0000-C2

New Jersey Cape May County Ocean City 08226

1700 Central Ave Unit 2nd floor, Ocean City, NJ

This home is located at 1700 Central Ave Unit 2nd floor, Ocean City, NJ 08226 since 20 March 2012 and is currently estimated at $1,234,911. 1700 Central Ave Unit 2nd 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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