NOT LISTED FOR SALE

2912 Wesley Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $2,432,000 - $2,615,000

4 Beds
4 Baths
-- Sq Ft
6,011 Sq Ft Lot

Last Sold January 08, 2019

Last sale price $1,050,000

Est. 141% increase in value since last sale

Current estimated payment $14,531/month

462 Days on Market

Highlights

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

About This Home

As of January 2019

SHORT SALE This oversized beachfront property has unlimited potential to be your very own oceanside oasis! The main level features an expansive great room overlooking the ocean with a generously sized beachfront balcony. The open floor plan includes a living area with gas log fireplace, hardwood floors, dining area and newer kitchen with granite countertops. The property has 4 bedrooms, 4 full bathrooms & a laundry room with washer, dryer and wash sink. Two bedrooms share a jack and jill bathroom and another full bath opens to the hall and is perfect for guests. The oceanfront master suite includes a large walk-in closet, master bathroom with Jacuzzi tub & shower, as well as a private entrance to the large ocean front deck. The ground level features a bonus room, 2 storage closets, full bath and one and a half car garage. Enjoy the direct beach access and proximity to restaurants, playgrounds, tennis & shopping. Purchase to enjoy or use as an investment property and generate rental income.

Last Agent to Sell the Property

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 04/24/2017

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 04/24/2017

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,509

Year Built

  • Built in 1986

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front

Parking

  • 1.5 Car Garage

Home Design

  • Stucco

Interior Spaces

  • 3-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Great Room
  • Dining Area
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Amenities

  • Building Patio

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,509

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 04/24/2017
  • Year Built: 1986
  • Age: 25+ Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room
  • Common Area Features: Outside Shower, Patio

Exterior Features

  • Siding Exterior: Stucco

Garage/Parking

  • Garage: One And Half Car
  • Parking Exterior: Two Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Beach Block, Ocean Front, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Master Bath, Pets Allowed, Walk In/Cedar Closet, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2017
Closed on
Jan 8, 2019
Sold by
Oconnor John H
Bought by
Panichi Mark
Seller's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$1,195,000
Sold Price
$1,050,000
Premium/Discount to List
-$145,000
-12.13%
Current Estimated Value
$2,528,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,478,401
Avg. Annual Appreciation
13.88%

Purchase Details

Closed on
Jun 30, 2004
Sold by
Estate Of Theresa Panichi
Bought by
Oconnor John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,399,200
Interest Rate
4.47%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Panichi Mark $1,050,000 Title Cpmpany Of Jersey
Oconnor John H $1,749,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oconnor John H $1,399,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2019 01/08/19 Sold $1,050,000 -12.1% --
07/30/2018 07/30/18 Pending -- -- --
04/24/2017 04/24/17 For Sale $1,195,000 -- --
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 $13,509 $1,204,000 $879,700 $324,300
2024 $13,509 $1,204,000 $879,700 $324,300
2023 $12,895 $1,204,000 $879,700 $324,300
2022 $12,389 $1,204,000 $879,700 $324,300
2021 $8,979 $1,204,000 $879,700 $324,300
2020 $11,775 $1,204,000 $879,700 $324,300
2019 $11,643 $1,204,000 $879,700 $324,300
2018 $11,534 $1,204,000 $879,700 $324,300
2017 $11,354 $1,204,000 $879,700 $324,300
2016 $10,920 $1,204,000 $879,700 $324,300
2015 $10,776 $1,204,000 $879,700 $324,300
2014 $10,619 $1,204,000 $879,700 $324,300
Source: Public Records

Agents Affiliated with this Home

  • Burton Wilkins

    Seller's Agent in 2019

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    90 in this area

    186 Total Sales

    Burton Wilkins
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 486107

South Jersey Shore Regional MLS

APN: 08-02901-0000-00020-0000-C1

New Jersey Cape May County Ocean City 08226

2912 Wesley Ave Unit 1, Ocean City, NJ

This home is located at 2912 Wesley Ave Unit 1, Ocean City, NJ 08226 since 24 April 2017 and is currently estimated at $2,528,401. This property was built in 1986. 2912 Wesley 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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