NOT LISTED FOR SALE

300 Ocean Ave Unit A-41 Ocean City, NJ 08226

Estimated Value: $967,000

2 Beds
1.5 Baths
-- Sq Ft
$653/mo HOA Fee

Last Sold February 27, 2019

Last sale price $160,000

Est. 504% increase in value since last sale

Current estimated payment $6,767/month

Highlights

  • 0.93 Acre Lot
  • Community Pool
  • Combination Dining and Living Room
  • Ocean City Primary School Rated A
  • Eat-In Kitchen
  • 2-minute walk to Lake Memorial Park

About This Home

As of February 2019

Welcome to A41 in the Historic Ocean Court Apartments located just blocks away from the beach, boards and amusements. This unit offers you a fantastic opportunity to own a little getaway place in Americas favorite shore resort!. The unit sits atop the building offers a nice morning view of the courtyard and views of greater ocean city as well as amusements on the other side. The unit boasts 9 foot ceilings, an expanded kitchen, great room with egress to the balcony, as well as two generously proportioned bedrooms, one with its own half bath. The location positions you to be a short walk to the beach as well as the family friendly board walk. The unit allows you to park in the lot, reserved for residents. There is also a built in association pool, should you with to swim closer to home. The ownership is a Co-Op and does not allow for rentals.

Last Agent to Sell the Property

GERARD MCMANUS

(856) 373-3537 jerrymcmanusre@gmail.com Keller Williams Realty - Washington Township Listed on: 01/04/2019

Keller Williams Realty - Washington Township

Last Buyer's Agent

GERARD MCMANUS

(856) 373-3537 jerrymcmanusre@gmail.com Keller Williams Realty - Washington Township Listed on: 01/04/2019

Keller Williams Realty - Washington Township

Property Details

Home Type

  • Co-Op

Year Built

  • Built in 1927

Lot Details

  • 0.93

HOA Fees

  • $653 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 4th floor

Interior Spaces

  • Property has 1 Level
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Carpet
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Schools

  • Ocean City High School

Additional Features

  • 0.93 Acre Lot
  • Flood Risk
  • Radiator

Listing and Financial Details

  • Tax Lot 00014
  • Assessor Parcel Number 08-00305-00014

Community Details

Overview

  • Association fees include common area maintenance, all ground fee, custodial services maintenance, electricity, insurance, lawn maintenance, pool(s), trash
  • Ocean Court Apartments Condos
  • North Side Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space
  • 1 Elevator

Recreation

  • Community Pool

Property Details

Home Type

Co-Op

Year Built

Built in 1927

Lot Details

0

HOA Fees

$653 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Penthouse Unit/Flat/Apartment
  • Architectural Style: Unit/Flat
  • Ownership: Cooperative
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-01-04
  • Federal Flood Zone: Yes
  • Year Built: 1927
  • Remarks Public: Welcome to A41 in the Historic Ocean Court Apartments located just blocks away from the beach, boards and amusements. This unit offers you a fantastic opportunity to own a little getaway place in Americas favorite shore resort!. The unit sits atop the building offers a nice morning view of the courtyard and views of greater ocean city as well as amusements on the other side. The unit boasts 9 foot ceilings, an expanded kitchen, great room with egress to the balcony, as well as two generously proportioned bedrooms, one with its own half bath. The location positions you to be a short walk to the beach as well as the family friendly board walk. The unit allows you to park in the lot, reserved for residents. There is also a built in association pool, should you with to swim closer to home. The ownership is a Co-Op and does not allow for rentals.
  • Special Features: None
  • Property Sub Type: Coop

Interior Features

  • Entry Floor: 4
  • Interior Amenities: Carpet, Combination Dining/Living, Elevator, Flat, Kitchen - Eat-In, Pantry
  • Fireplace: No
  • Elevators Count: 1
  • Levels Count: 1
  • Room List: Bedroom 2, Kitchen, Family Room, Bedroom 1, Bathroom 1, Bathroom 2
  • Basement: No
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 300

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 653.00
  • Condo Co-Op Fee Frequency: Monthly
  • Condo Co-Op Name: Ocean Court Apartments
  • HOA Condo Co-Op Amenities: Elevator, Extra Storage, Laundry Facilities, Pool - Outdoor, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, All Ground Fee, Custodial Services Maintenance, Electricity, Insurance, Lawn Maintenance, Pool(s), Trash
  • HOA: No
  • Senior Community: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • High School: OCEAN CITY
  • High School Source: Listing Agent
  • School District Key: 300200397020
  • School District Source: Listing Agent
  • High School: OCEAN CITY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 3163500.00
  • Land Assessed Value: 2460000.00
  • Lot Size Acres: 0.93
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 40500.00
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3795203
  • Tax Annual Amount: 53873.00
  • Assessor Parcel Number: 08-00305-00014
  • Tax Lot: 00014
  • County Tax Payment Frequency: Annually
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 02/27/2019

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 1999
Sold by
The Development Estment
Bought by
Ciprich Theresa
Current Estimated Value
$967,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,300
Outstanding Balance
$30,775
Interest Rate
6.92%
Mortgage Type
Commercial
Estimated Equity
$936,226
Source: Public Records

Range of Values:

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List 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
Ciprich Theresa $133,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ciprich Theresa $120,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2019 02/27/19 Sold $160,000 -3.0% --
01/21/2019 01/21/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $165,000 +13.8% --
06/19/2015 06/19/15 Sold $145,000 0.0% -- View Prior Sale
04/29/2015 04/29/15 Pending -- -- --
04/03/2015 04/03/15 For Sale $145,000 -- --
Source: Bright 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 $61,846 $5,623,500 $2,460,000 $3,163,500
2024 $61,846 $5,623,500 $2,460,000 $3,163,500
2023 $58,728 $5,623,500 $2,460,000 $3,163,500
2022 $56,116 $5,623,500 $2,460,000 $3,163,500
2021 $40,451 $5,623,500 $2,460,000 $3,163,500
2020 $52,998 $5,623,500 $2,460,000 $3,163,500
2019 $51,879 $5,623,500 $2,460,000 $3,163,500
2018 $51,373 $5,623,500 $2,460,000 $3,163,500
2017 $50,280 $5,623,500 $2,460,000 $3,163,500
2016 $48,005 $5,623,500 $2,460,000 $3,163,500
2015 $47,330 $5,623,500 $2,460,000 $3,163,500
2014 $46,599 $5,623,500 $2,460,000 $3,163,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM100596

Bright MLS

APN: 08-00305-0000-00014