NOT LISTED FOR SALE

1821 Wesley Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $3,087,000 - $5,493,000

3 Beds
2 Baths
-- Sq Ft
5,097 Sq Ft Lot

Last Sold May 25, 2012

Last sale price $940,000

Est. 344% increase in value since last sale

Current estimated payment $25,199/month

25 Days on Market

Highlights

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

About This Home

As of May 2012

Goregeous 1st floor beachfront condo! This pristine 3 bedroom 2 bath unit has it all! Gas heat, central air, beautifully furnished with a fantastic rental history! This home is steps from the boardwalk and one of the finest beaches in Ocean City. This property is almost fully booked for the 2012 rental season! Hurry and check this one out!

Last Agent to Sell the Property

Matthew Bader

BERGER REALTY-Main Listed on: 04/06/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $36,631

Lot Details

  • 5,097

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Carpet
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Deck
  • Ocean Front
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Property Details

Home Type

Condominium

Est. Annual Taxes

$36,631

Lot Details

0

Listing Details

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

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Dining Room, Eat In Kitchen, Primary Br On 1st Floor
  • Common Area Features: Cable Tv, Deck/Porch, Enclsd/Covered Porch, Outside Shower

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Boardwalk Front, Ocean Front, Boardwalk Area

Multi Family

  • Unit Features: Fireplace(s), Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2013
Sold by
Allen Robert Andrew and Allen Kelly Lynne
Bought by
Allen Robert A and Allen Kelly L
Current Estimated Value
$4,177,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,337,100
Outstanding Balance
$1,668,387
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$2,226,428

Purchase Details

Listed on
Apr 6, 2012
Closed on
May 25, 2012
Sold by
S & J Developments Llc
Bought by
Ocbp Llc
Seller's Agent
Matthew Bader
BERGER REALTY-Main
List Price
$940,000
Sold Price
$940,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%
Original Mortgage
$752,000
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 19, 2008
Sold by
Schneider Joseph J
Bought by
Allen Robert Andrew and Allen Kelly Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2006
Sold by
Sayre Scott D and Wetter Jeffrey B
Bought by
S & J Developments Llc

Purchase Details

Closed on
Sep 9, 2005
Sold by
Aurelius Howard S and Mccloskey Anita
Bought by
Sayre Scott D and Wetter Jeffrey B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Allen Robert A -- Freedom Title & Abstract Com
Allen Robert A -- Freedom Title & Abstract Co
Ocbp Llc $940,000 Freedom Title & Abstract Com
Allen Robert Andrew $1,250,000 Fidelity Natl Title Ins Co
S & J Developments Llc -- None Available
Sayre Scott D $1,250,000 Shore Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allen Robert A $2,337,100
Previous Owner Ocbp Llc $752,000
Previous Owner Allen Robert Andrew $1,000,000
Previous Owner Sayre Scott D $875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2012 05/25/12 Sold $940,000 0.0% --
05/01/2012 05/01/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $940,000 -- --
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 $36,631 $3,264,800 $1,524,100 $1,740,700
2024 $36,631 $3,264,800 $1,524,100 $1,740,700
2023 $34,966 $3,264,800 $1,524,100 $1,740,700
2022 $33,595 $3,264,800 $1,524,100 $1,740,700
2021 $24,355 $3,264,800 $1,524,100 $1,740,700
2020 $31,930 $3,264,800 $1,524,100 $1,740,700
2019 $31,571 $3,264,800 $1,524,100 $1,740,700
2018 $31,277 $3,264,800 $1,524,100 $1,740,700
2017 $30,787 $3,264,800 $1,524,100 $1,740,700
2016 $29,612 $3,264,800 $1,524,100 $1,740,700
2015 $29,220 $3,264,800 $1,524,100 $1,740,700
2014 $28,796 $1,524,100 $1,524,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Matthew Bader

    Seller's Agent in 2012

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    66 in this area

    72 Total Sales

    Matthew Bader
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 393252

South Jersey Shore Regional MLS

APN: 08-01801-0000-00006

New Jersey Cape May County Ocean City 08226

1821 Wesley Ave Unit 1, Ocean City, NJ

This home is located at 1821 Wesley Ave Unit 1, Ocean City, NJ 08226 since 06 April 2012 and is currently estimated at $4,177,136. 1821 Wesley 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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