NOT LISTED FOR SALE

2516 Wesley Ave Unit 1st Floor Ocean City, NJ 08226

Estimated Value: $1,757,000 - $2,410,000

5 Beds
4.5 Baths
-- Sq Ft
6,621 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $1,795,000

Est. 19% increase in value since last sale

Current estimated payment $12,460/month

Highlights

  • Building is beachfront but unit may not have water views
  • Wood Flooring
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Outdoor Community Showers

About This Home

As of March 2022

Beach Block, Condo in the Heart of the Gold Coast! Perfect location for this Stunning 5 bedroom, 4.5 bath condo Situated on a wide 55 x 120 lot with lush landscaping, side yard & cabana bath/shower. Interior features include: 10' ceilings, beautiful crown molding, hardwood floors, gas fireplace, granite counters & stainless appliances in kitchen, open floor plan, large rooms, front and back covered porches. Attached garage, parking pad, and storage. Offered furnished and is move in ready. This unit has a Solid rental history with 12 weeks booked in 2021, GREAT INCOME GENERATOR! Easy to show. Call today!

Last Agent to Sell the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 04/03/2021

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

PHILIP MCCAFFREY

GRACE REALTY License #RB-7856323

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,943

Year Built

  • Built in 2000

Lot Details

  • 6,621

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1.5 Car Attached Garage
  • Parking Pad

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas

Additional Features

  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch
  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,943

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 04/03/2021
  • Year Built: 2000
  • Age: 21 To 25 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Enclsd/Covered Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One And Half Car, Attached Garage
  • Parking Exterior: Two Car, Parking Pad

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2021
Closed on
Mar 18, 2022
Sold by
Minnich Larry P and Minnich Kathy M
Bought by
Foster Beach Property Llc
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
PHILIP MCCAFFREY
GRACE REALTY
List Price
$1,899,900
Sold Price
$1,795,000
Premium/Discount to List
-$104,900
-5.52%
Current Estimated Value
$2,135,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$340,967
Avg. Annual Appreciation
5.12%

Purchase Details

Closed on
Oct 5, 2018
Sold by
Norcross Philip A and Norcross Carole A
Bought by
Minnich Larry P and Minnich Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$943,200
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2006
Sold by
Marchese David C
Bought by
Norcross Philip A and Norcross Carole A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.34%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 16, 2004
Sold by
Marchese Joseph David and Marchese Marie E
Bought by
Marchese Joseph David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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
Foster Beach Property Llc $1,795,000 Title Company Of Jersey
Foster Beach Property Llc $1,795,000 Title Company Of Jersey
Minnich Larry P $1,179,000 --
Norcross Philip A $1,500,000 Congress Title Company
Marchese Joseph David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Minnich Larry P $943,200
Previous Owner Norcross Philip A $1,113,300
Previous Owner Norcross Philip A $1,177,000
Previous Owner Norcross Philip A $1,200,000
Previous Owner Marchese Joseph David $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $1,795,000 -5.5% --
02/19/2022 02/19/22 Pending -- -- --
04/03/2021 04/03/21 For Sale $1,899,900 -- --
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
2025 $12,943 $1,153,600 $720,300 $433,300
2024 $12,943 $1,153,600 $720,300 $433,300
2023 $12,355 $1,153,600 $720,300 $433,300
2022 $11,871 $1,153,600 $720,300 $433,300
2021 $8,606 $1,153,600 $720,300 $433,300
2020 $11,282 $1,153,600 $720,300 $433,300
2019 $11,155 $1,153,600 $720,300 $433,300
2018 $11,051 $1,153,600 $720,300 $433,300
2017 $10,878 $1,153,600 $720,300 $433,300
2016 $10,463 $1,153,600 $720,300 $433,300
2015 $10,325 $1,153,600 $720,300 $433,300
2014 $10,175 $1,153,600 $720,300 $433,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Seller's Agent in 2022

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    134 in this area

    169 Total Sales

    Mark Grimes
    Section Image

  • P

    Buyer's Agent in 2022

    PHILIP MCCAFFREY

    GRACE REALTY

    1 in this area

    3 Total Sales

    PHILIP MCCAFFREY
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 549024

South Jersey Shore Regional MLS

APN: 08-02501-0000-00017-0000-C1

New Jersey Cape May County Ocean City 08226

2516 Wesley Ave Unit 1st Floor, Ocean City, NJ

This home is located at 2516 Wesley Ave Unit 1st Floor, Ocean City, NJ 08226 since 03 April 2021 and is currently estimated at $2,135,967. This property was built in 2000. 2516 Wesley Ave Unit 1st 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes