NOT LISTED FOR SALE

2005 Wesley Ave Unit 7 Ocean City, NJ 08226

Estimated Value: $4,777,000 - $7,586,005

6 Beds
7.5 Baths
-- Sq Ft
9,148 Sq Ft Lot

Last Sold August 21, 2020

Last sale price $5,520,000

Est. 14% increase in value since last sale

Current estimated payment $37,085/month

18 Days on Market

Highlights

  • Ocean Front
  • Building is beachfront but unit may not have water views
  • Cathedral Ceiling
  • Ocean City Primary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of August 2020

Stunning Single family beachfront with direct access to the beach and boardwalk. Custom Mediterranean style home in the heart of the Goldcoast offers 5,900 sqft of living space situated on a 50 X 182 lot. Walk in and notice the large foyer with cathedral ceilings, hardwood flooring throughout, office and a bedroom with a full bathroom, upgraded kitchen with stainless steel appliances and large center island, spacious living and dining room with built in cabinetry and access to the back deck. Upstairs you will find 4 bedrooms, each with a connecting full bathroom, master bedroom with 2 walk-in closets and a private deck with views of the ocean, washer/dryer and access to the elevator that can take you down to the 1st level of the home. There you will find access to the two car garage, laundry room with 2 washers and dryers, 1 full bathroom, storage, large living area with access to the outdoor living area and beautifully landscaped yard. With a total of 6 bedrooms and 7.5 baths, enjoy everything Ocean City has to offer with the beach and boardwalk in your backyard!

Last Agent to Sell the Property

Cheryl Huber

BHHS FOX and ROACH-109 34th OC Listed on: 07/03/2020

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,081

Year Built

  • Built in 2007

Lot Details

  • Lot Dimensions are 50 x 182
  • Building is beachfront but unit may not have water views
  • Ocean Front
  • Fenced

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Storage
  • Water Views
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Parking Pad

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

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

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,081

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 11 To 15 Years
  • Lvt Date: 07/03/2020
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Elevator, Kitchen Center Island, Security System, Storage, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Laundry/Utility Room, Library/Study

Exterior Features

  • Outside Features: Deck, Fenced Yard, Patio, Porch
  • Siding Exterior: Stucco

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

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

Lot Info

  • Location: Beach Block, Boardwalk Front, Ocean Front, Boardwalk Area, Water View
  • Lot Dimensions: 50 X 182
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2020
Closed on
Aug 21, 2020
Sold by
Ginsburg Thomas A and Ginsburg Diane B
Bought by
Conway Michael A and Conway Deborah J
Seller's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Ellen McGonigle
BHHS FOX and ROACH-Simpson OC
List Price
$5,999,000
Sold Price
$5,520,000
Premium/Discount to List
-$479,000
-7.98%
Current Estimated Value
$6,317,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$797,668
Avg. Annual Appreciation
2.47%
Original Mortgage
$2,760,000
Outstanding Balance
$2,450,398
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,803,421

Purchase Details

Listed on
Oct 1, 2013
Closed on
Mar 17, 2014
Sold by
Williams Ronald L and Williams Joanne
Bought by
Ginsburg Thomas A and Ginsburg Diane B
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
JOHN VAN STONE
BERGER REALTY-Main
List Price
$3,750,000
Sold Price
$3,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$2,625,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 7, 2006
Sold by
Nshe Warminster Llc
Bought by
Williams Ronald L and Williams Jo Anne

Purchase Details

Closed on
Nov 14, 2005
Sold by
Nshe Warminster Llc
Bought by
Williams Ronald L and Williams Joanne

Purchase Details

Closed on
May 27, 2005
Sold by
Estate Of William Oehme and Oehme Thomas W
Bought by
Nshe Warminster Llc
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
Conway Michael A $5,520,000 Misc Company
Ginsburg Thomas A $3,750,000 North American Title Agency
Williams Ronald L -- None Available
Williams Ronald L -- The Title Company Of Jersey
Nshe Warminster Llc $2,100,000 The Title Company Of Jersey
She Warminster Llc $1,800,000 The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conway Michael A $2,760,000
Previous Owner Ginsburg Thomas A $2,625,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2020 08/21/20 Sold $5,520,000 -8.0% --
07/21/2020 07/21/20 Pending -- -- --
07/03/2020 07/03/20 For Sale $5,999,000 +60.0% --
03/17/2014 03/17/14 Sold $3,750,000 0.0% --
01/17/2014 01/17/14 Pending -- -- --
10/01/2013 10/01/13 For Sale $3,750,000 -- --
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 $43,081 $3,839,700 $2,380,100 $1,459,600
2024 $43,081 $3,839,700 $2,380,100 $1,459,600
2023 $41,123 $3,839,700 $2,380,100 $1,459,600
2022 $39,511 $3,839,700 $2,380,100 $1,459,600
2021 $37,406 $3,839,700 $2,380,100 $1,459,600
2020 $37,420 $3,826,200 $2,380,100 $1,446,100
2019 $36,999 $3,826,200 $2,380,100 $1,446,100
2018 $36,655 $3,826,200 $2,380,100 $1,446,100
2017 $36,428 $3,863,000 $2,380,100 $1,482,900
2016 $35,037 $3,863,000 $2,380,100 $1,482,900
2015 $34,574 $3,863,000 $2,380,100 $1,482,900
2014 $34,072 $3,863,000 $2,380,100 $1,482,900
Source: Public Records

Agents Affiliated with this Home

  • Cheryl Huber

    Seller's Agent in 2020

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    209 in this area

    314 Total Sales

    Cheryl Huber
    Section Image
  • Ellen McGonigle

    Buyer's Agent in 2020

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    71 in this area

    120 Total Sales

    Ellen McGonigle
    Section Image
  • Mark Grimes

    Seller's Agent in 2014

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    131 in this area

    166 Total Sales

    Mark Grimes
    Section Image

  • J

    Buyer's Agent in 2014

    JOHN VAN STONE

    BERGER REALTY-Main

    (609) 412-9607

    JOHN VAN STONE
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 538831

South Jersey Shore Regional MLS

APN: 08-02000-0000-00002

New Jersey Cape May County Ocean City 08226

2005 Wesley Ave Unit 7, Ocean City, NJ

This home is located at 2005 Wesley Ave Unit 7, Ocean City, NJ 08226 since 03 July 2020 and is currently estimated at $6,317,668. This property was built in 2007. 2005 Wesley Ave Unit 7 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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