NOT LISTED FOR SALE

2701 Wesley Ave Unit 1st floor Ocean City, NJ 08226

Estimated Value: $1,932,000 - $3,776,000

7 Beds
4 Baths
2,232 Sq Ft
$1,185/Sq Ft Est. Value

About This Home

This home is located at 2701 Wesley Ave Unit 1st floor, Ocean City, NJ 08226 and is currently estimated at $2,645,527, approximately $1,185 per square foot. 2701 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2022
Sold by
Riggs Lola B
Bought by
Riggs Lola B and Riggs-Kadar Lorina
Current Estimated Value
$2,645,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,400,000
Outstanding Balance
$2,232,821
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$412,706

Purchase Details

Closed on
Dec 24, 2007
Sold by
Riggs Joseph A and Riggs Lola B
Bought by
Riggs Joseph A and Riggs Lola B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,700,000
Interest Rate
6.27%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Riggs Lola B -- Old Republic Title
Riggs Joseph A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riggs Lola B $2,400,000
Previous Owner Riggs Lola B $2,048,600
Previous Owner Riggs Joseph A $2,054,000
Previous Owner Riggs Lola M $2,048,600
Previous Owner Riggs Lola M $2,048,600
Previous Owner Riggs Joseph A $5,700,000
Previous Owner Riggs Md Joseph A $1,750,000
Previous Owner Riggs Joseph A $750,000
Source: Public Records

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 $19,947 $1,777,800 $1,319,800 $458,000
2024 $19,947 $1,777,800 $1,319,800 $458,000
2023 $19,040 $1,777,800 $1,319,800 $458,000
2022 $18,294 $1,777,800 $1,319,800 $458,000
2021 $13,262 $1,777,800 $1,319,800 $458,000
2020 $17,387 $1,777,800 $1,319,800 $458,000
2019 $17,191 $1,777,800 $1,319,800 $458,000
2018 $17,031 $1,777,800 $1,319,800 $458,000
2017 $16,765 $1,777,800 $1,319,800 $458,000
2016 $16,125 $1,777,800 $1,319,800 $458,000
2015 $15,911 $1,777,800 $1,319,800 $458,000
2014 $15,680 $1,777,800 $1,319,800 $458,000
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

2701 Wesley Ave Unit 1st floor, Ocean City, NJ

This home is located at 2701 Wesley Ave Unit 1st floor, Ocean City, NJ 08226 and is currently estimated at $2,645,527, approximately $1,185 per square foot. 2701 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.

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