NOT LISTED FOR SALE

3024 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,295,847 - $1,615,000

4 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $777,500

Est. 85% increase in value since last sale

Current estimated payment $8,276/month

50 Days on Market

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 May 2018

This is IT! Beautiful 1st floor condo, offers 4 spacious bedrooms, 2 full baths. Super location across the street from the beach, walking distance to shopping, restaurants and recreation area. You will love the open floor plan, hardwood floors, crown molding, gas fireplace, new carpet in bedrooms, entertainment system and 2 covered porches (gas hook up on front porch). Kitchen features large center island w/seating, granite countertops, stainless appliances, tiled backsplash & pantry closet. Master bedroom w/ lots of natural light, access to back covered porch, master bath w/double sinks and tiled shower. Additional features include; laundry room, sprinkler system, enclosed outside shower, attached garage and mature landscaping. Condo is move in ready, has never been rented and beautifully maintained.

Last Agent to Sell the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 02/15/2018

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

James Boyle

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,655

Year Built

  • Built in 2005

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Dining Area

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Parking Pad

Utilities

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

Additional Features

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

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,655

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 02/15/2018
  • Year Built: 2005
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage
  • Parking Exterior: One Car, Parking Pad

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

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2024
Sold by
Law Jeffrey and Law Rekha
Bought by
Beverlin Timothy
Current Estimated Value
$1,434,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,195,100
Outstanding Balance
$1,179,398
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$255,564

Purchase Details

Listed on
Feb 15, 2018
Closed on
May 11, 2018
Sold by
Macchione Joseph and Macchione Crystal Michelee
Bought by
Law Jeffery and Law Rekha
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
James Boyle
Keller Williams Realty Jersey Shore-Ocean City
List Price
$819,900
Sold Price
$777,500
Premium/Discount to List
-$42,400
-5.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%

Purchase Details

Closed on
Nov 11, 2016
Sold by
Caputo David J and Caputo Jodi S
Bought by
Macchione Joseph M and Macchione Crystal Michele

Purchase Details

Closed on
Mar 4, 2009
Sold by
Ocean City Tax Free Exchange Llc
Bought by
Caputo David J and Caputo Jodi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2008
Sold by
Cornwell Michael and Cornwell Rosemary
Bought by
Ocean City Tax Free Exchange Llc

Purchase Details

Closed on
Sep 13, 2004
Sold by
Dabek John F and Dabek Dian L
Bought by
Cornwell Michael and Cornwell Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
5.12%
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
Beverlin Timothy $1,497,000 Freedom Title
Beverlin Timothy $1,497,000 Freedom Title
Law Jeffery $777,500 --
Macchione Joseph M $726,000 Bryn Mawr Abstract Inc
Caputo David J $810,000 Shore Title Agency Inc
Ocean City Tax Free Exchange Llc -- None Available
Cornwell Michael $583,000 Independence Abstract & Titl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beverlin Timothy $1,195,100
Closed Beverlin Timothy $1,195,100
Previous Owner Caputo David J $417,000
Previous Owner Cornwell Michael $310,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2018 05/11/18 Sold $777,500 -5.2% --
04/13/2018 04/13/18 For Sale $819,900 0.0% --
04/06/2018 04/06/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $819,900 -- --
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 $7,655 $682,300 $362,000 $320,300
2024 $7,655 $682,300 $362,000 $320,300
2023 $7,307 $682,300 $362,000 $320,300
2022 $7,021 $682,300 $362,000 $320,300
2021 $6,673 $682,300 $362,000 $320,300
2020 $6,673 $682,300 $362,000 $320,300
2019 $6,598 $682,300 $362,000 $320,300
2018 $6,536 $682,300 $362,000 $320,300
2017 $6,434 $682,300 $362,000 $320,300
2016 $6,188 $682,300 $362,000 $320,300
2015 $6,107 $682,300 $362,000 $320,300
2014 $6,018 $682,300 $362,000 $320,300
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Seller's Agent in 2018

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    129 in this area

    163 Total Sales

    Mark Grimes
    Section Image
  • James Boyle

    Buyer's Agent in 2018

    James Boyle

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 226-0678

    33 in this area

    149 Total Sales

    James Boyle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 500924

South Jersey Shore Regional MLS

APN: 08-03002-0000-00024-0000-C1

New Jersey Cape May County Ocean City 08226

3024 Central Ave Unit 1, Ocean City, NJ

This home is located at 3024 Central Ave Unit 1, Ocean City, NJ 08226 since 15 February 2018 and is currently estimated at $1,434,962. This property was built in 2005. 3024 Central 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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