NOT LISTED FOR SALE

2517 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $918,144 - $1,228,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold June 03, 2013

Last sale price $540,000

Est. 90% increase in value since last sale

Current estimated payment $5,843/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Laundry Room

About This Home

As of June 2013

GOLD COAST beautifully remodeled Spring 2012 loaded with upgrades: H/W floors, granite counters, SS appliances. Large front and rear decks. New A/C in 2011. Furnished with some exclusions. Great location: Ocean side of Asbury Avenue, steps to the beach and close enough to walk to the end of the Boardwalk. If you are looking for a fantastic opportunity for rental income (over $20K), the home is already rented for the 2013 season - turn key and ready for summer! Owner is a licensed NJ Real Estate agent.

Last Agent to Sell the Property

Sheila Lapham

BHHS FOX and ROACH-Northfield License #0336910 Listed on: 04/18/2013

BHHS FOX and ROACH-Northfield

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

BHHS FOX and ROACH-West Ave OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,534

Year Built

  • Built in 2000

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Blinds
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

  • Outdoor Community Showers

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,534

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Year Built: 2000
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: One
  • 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2013
Closed on
Jun 3, 2013
Sold by
Lapham Mark J and Lapham Sheila
Bought by
Galen Timothy M and Galen Cheryl A
Seller's Agent
Sheila Lapham
BHHS FOX and ROACH-Northfield
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$540,000
Sold Price
$540,000
Current Estimated Value
$1,026,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,286
Avg. Annual Appreciation
5.31%
Original Mortgage
$417,000
Outstanding Balance
$295,305
Interest Rate
3.39%
Mortgage Type
New Conventional
Estimated Equity
$730,981

Purchase Details

Closed on
Jun 6, 2000
Sold by
O'Hagan J Michael
Bought by
Lapham Mark J and Lapham Sheila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.48%
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
Galen Timothy M $540,000 None Available
Lapham Mark J $308,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galen Timothy M $417,000
Previous Owner Lapham Mark J $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/03/2013 06/03/13 Sold $540,000 0.0% --
04/23/2013 04/23/13 Pending -- -- --
04/18/2013 04/18/13 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 $5,534 $493,200 $268,500 $224,700
2024 $5,534 $493,200 $268,500 $224,700
2023 $5,282 $493,200 $268,500 $224,700
2022 $5,075 $493,200 $268,500 $224,700
2021 $3,679 $493,200 $268,500 $224,700
2020 $4,824 $493,200 $268,500 $224,700
2019 $4,769 $493,200 $268,500 $224,700
2018 $4,725 $493,200 $268,500 $224,700
2017 $4,651 $493,200 $268,500 $224,700
2016 $4,473 $493,200 $268,500 $224,700
2015 $4,414 $493,200 $268,500 $224,700
2014 $4,350 $493,200 $268,500 $224,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2013

    Sheila Lapham

    BHHS Fox & Roach

    (609) 705-6386

    Sheila Lapham
    Section Image
  • Patrick Halliday

    Buyer's Agent in 2013

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    218 in this area

    366 Total Sales

    Patrick Halliday
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 410010

South Jersey Shore Regional MLS

APN: 08-02502-0000-00011-0000-C1

New Jersey Cape May County Ocean City 08226

2517 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 2517 Asbury Ave Unit 1, Ocean City, NJ 08226 since 18 April 2013 and is currently estimated at $1,026,286. This property was built in 2000. 2517 Asbury 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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