NOT LISTED FOR SALE

216 Wesley Ave Ocean City, NJ 08226

Estimated Value: $2,552,000 - $3,232,000

5 Beds
7 Baths
2,414 Sq Ft
$1,183/Sq Ft Est. Value

Sale Details

Date Sold: May 8, 2024

Last sale price $2,600,000 $1,077 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $16,962 / mo

60 Days on Market

Highlights

  • New Construction
  • In Ground Pool
  • Living Room with Fireplace
  • Ocean City Primary School Rated A
  • Deck
  • 4-minute walk to Lake Memorial Park

About This Home

As of May 2024

Custom-built, new construction single family home in the heart of the North End of Ocean City, is move in ready! This 3-story, single-family home boasts 5 bedrooms, 7 bathrooms (5 full and 2 half baths), 6 decks, ELEVATOR, inground 10’ x 20’ Gunite POOL, outdoor shower, sprinkler system, SMART technology for lighting, HVAC controls for every floor, built-in sound (Sonos ready), and entry/exit locks. The gourmet kitchen features a full walk-in pantry, an oversized island, an upgraded appliance package, including a 6-burner gas range, farmhouse sink, quartz countertops, and LED lighting in and under the cabinets and along the island kick plates. Off the kitchen is a Mudroom along with a full bathroom for everyone to clean off from the beach or pool, washer/dryer, sink, additional shelving for storage, a beverage center and ice maker. The 1st floor great room has a 48” floating gas fireplace, space for at least a 70” TV, a spacious dining area, an office or den that could be converted to a 6th bedroom, and a deep walk in closet for additional storage. The third floor hosts a family fun room with decks off the front and back, both with under-rail exterior lighting, with one of the only ocean views in the area in the front, plus a view of the 9th Street bridge off the back. The third floor could be converted into a 7th bedroom. The Owner’s Suite offers a private deck, a master bathroom with cathedral ceilings, a spacious walk-in closet, and a linen closet. There is a junior suite and 2 other bedrooms with private bathrooms, along with 2 other bedrooms and a full bathroom on the 2nd floor. The 2-car detached garage offers an additional 500 sq. ft of space on the 2nd floor for storage and more! PLUS, one more space for off-street parking to accommodate a total of 3 cars, off-street . This is a MUST SEE!

Last Agent to Sell the Property

Francis Davish

Keller Williams Realty Jersey Shore-Ocean City Listed on: 02/15/2024

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

William Godfrey

MARR AGENCY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Lot Dimensions are 40'x120
  • Fenced
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Crawl Space

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Parking Pad

Accessible Home Design

  • Handicap Accessible

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 2023 | New Construction

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • New Construction: Yes
  • Year Built: 2023
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Living Room
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Great Room, Laundry/Utility Room, Pantry

Exterior Features

  • Outside Features: Deck, Fenced Yard, Handicap Access, Patio, Pool-In Ground, Sprinkler System, Enclosed Outside Shower
  • Siding Exterior: Vinyl
  • Storm Screens: Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Detached Garage
  • Parking Exterior: One Car, Parking Pad

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Tankless-Gas

Lot Info

  • Lot Dimensions: 40'x120
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
May 8, 2024
Sold by
Benedict Group Llc
Bought by
Mogell Russell R and Mogell Mary Anne
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
William Godfrey
MARR AGENCY
List Price
$2,795,000
Sold Price
$2,600,000
Premium/Discount to List
-$195,000
-6.98%
Views
93
Current Estimated Value
$2,856,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,705
Avg. Annual Appreciation
5.14%
Original Mortgage
$1,950,000
Outstanding Balance
$694,733
Interest Rate
8.2%
Mortgage Type
New Conventional
Estimated Equity
$2,161,972

Purchase Details

Closed on
Apr 29, 2022
Sold by
Murray and Megan
Bought by
Benedict Group Llc

Purchase Details

Closed on
Sep 5, 2003
Sold by
Lynch Marie M
Bought by
Murray Glenn and Murray Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,500
Interest Rate
6.31%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mogell Russell R $2,600,000 Freedom Title & Abstract
Mogell Russell R $2,600,000 Freedom Title & Abstract
Benedict Group Llc $865,000 Title Company Of Jersey
Murray Glenn $427,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mogell Russell R $1,950,000
Closed Mogell Russell R $1,950,000
Closed Mogell Russell R $1,950,000
Previous Owner Murray Glenn $327,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2024 05/08/24 Sold $2,600,000 -3.5% $1,077 / Sq Ft
04/15/2024 04/15/24 Pending -- -- --
04/04/2024 04/04/24 Price Changed $2,695,000 -3.6% $1,116 / Sq Ft
02/15/2024 02/15/24 For Sale $2,795,000 -- $1,158 / Sq Ft
Source: South Jersey Shore Regional MLS

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 $20,548 $1,831,400 $379,100 $1,452,300
2024 $20,548 $1,831,400 $379,100 $1,452,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 582193

South Jersey Shore Regional MLS

APN: 08-00209-0000-00017

Your Personal Tour Guide

Ask me questions while you tour the home.