NOT LISTED FOR SALE

3048 West Ave Unit 50 Ocean City, NJ 08226

Estimated Value: $881,000 - $1,125,000

3 Beds
2 Baths
1,200 Sq Ft
$791/Sq Ft Est. Value

About This Home

This home is located at 3048 West Ave Unit 50, Ocean City, NJ 08226 and is currently estimated at $949,646, approximately $791 per square foot. 3048 West Ave Unit 50 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
May 14, 2021
Sold by
Platt Helen
Bought by
Gallo Gregory L and Gallo Elisabeth W
Current Estimated Value
$949,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Outstanding Balance
$433,633
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$516,013

Purchase Details

Closed on
Sep 13, 2017
Sold by
Mcdevitt Roberrt S and Mcdevitt Susan N
Bought by
Platt Helen

Purchase Details

Closed on
Jan 9, 2009
Sold by
Raics Louis and Raics Jennifer P
Bought by
Mcdevitt Robert S and Mcdevitt Susan N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2007
Sold by
Odonnell John M and Odonnell Rebecca S
Bought by
Raics Louis and Raics Jennifer P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 24, 2004
Sold by
Maziarz James R and Maziarz Christine R
Bought by
Odonnell John M and Odonnell Rebecca S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1994
Sold by
Azzari Developers
Bought by
Loesch Gary E and Loesch Amy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
9%

Purchase Details

Closed on
Nov 15, 1991
Sold by
Rizzo William Barry
Bought by
Azzari Developers
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
Gallo Gregory L $600,000 None Listed On Document
Platt Helen $385,000 The Title Company Of Jersey
Mcdevitt Robert S $405,000 Fidelity Natl Title Ins Co
Raics Louis $455,000 Congress Title Company
Odonnell John M $449,000 Commonwealth Land Title Insu
Loesch Gary E $120,000 --
Azzari Developers $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallo Gregory L $480,000
Previous Owner Mcdevitt Robert S $300,000
Previous Owner Raics Louis $364,000
Previous Owner Odonnell John M $333,700
Previous Owner Loesch Gary E $30,000
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 $4,884 $435,300 $217,500 $217,800
2024 $4,884 $435,300 $217,500 $217,800
2023 $4,662 $435,300 $217,500 $217,800
2022 $4,479 $435,300 $217,500 $217,800
2021 $3,247 $435,300 $217,500 $217,800
2020 $4,257 $435,300 $217,500 $217,800
2019 $4,209 $435,300 $217,500 $217,800
2018 $4,170 $435,300 $217,500 $217,800
2017 $4,105 $435,300 $217,500 $217,800
2016 $3,948 $435,300 $217,500 $217,800
2015 $3,896 $435,300 $217,500 $217,800
2014 $3,839 $435,300 $217,500 $217,800
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

3048 West Ave Unit 50, Ocean City, NJ

This home is located at 3048 West Ave Unit 50, Ocean City, NJ 08226 and is currently estimated at $949,646, approximately $791 per square foot. 3048 West Ave Unit 50 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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