$1,400,000
SOLD MAY 20, 2025

305 E 16th St Ocean City, NJ 08226

3 Beds
2.5 Baths
2,620 Sq Ft
2,065 Sq Ft Lot

Recently Sold

$534 Per Sq Ft

1 Day on Market

Highlights

  • Open Floorplan
  • Contemporary Architecture
  • No HOA
  • Ocean City Primary School Rated A
  • Wood Flooring
  • 4-minute walk to Emil palmer park

About This Home

As of May 2025

Charming single-family home in the heart of Ocean City! Just three short blocks to the beach, Boardwalk, and downtown shopping. This beautifully maintained 3-bedroom, 2.5-bath home features an inviting front porch, a bright and spacious open floor plan, a newer kitchen highlighted by a large center island with quartz countertops and tile backsplash. Primary bedroom features a vaulted ceiling, brand new ensuite and a large walk-in closet with custom shelving. Home is freshly painted and move-in ready. Features a large backyard with a 6’ privacy fence, perfect for entertaining and can accommodate a pool. Additional highlights include a 2 car garage (tandem) with extra storage and a work shop area. 2 zone HVAC installed July 2023. This property has never been rented.
Enjoy the convenience of like-new construction without the wait—only 20 years young!
Available immediately for summer enjoyment. Don’t miss this opportunity—act fast!

Back on market due to Buyer not disclosing home sale contingency.

Last Agent to Sell the Property

Patricia Chapnick

RE/MAX at the Sea License #1754087 Listed on: 03/01/2025

RE/MAX at the Sea

Last Buyer's Agent

Marc Chapnick

RE/MAX at the Sea License #2322022

RE/MAX at the Sea

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,955

Year Built

  • Built in 2004

Lot Details

  • 2,065 Sq Ft Lot
  • Lot Dimensions are 29.50 x 70.00
  • Property is Fully Fenced
  • Vinyl Fence
  • Level Lot
  • Open Lot
  • Back and Front Yard
  • Property is in excellent condition

Parking

  • 1 Car Attached Garage
  • Rear-Facing Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Permanent Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Partially Furnished
  • Crown Molding
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Basement
  • Garage Access

Kitchen

  • Built-In Microwave
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on upper level
  • Stacked Washer and Dryer

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater
  • Public Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • None Available Subdivision

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 08-01504-00002

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,955

Year Built

Built in 2004

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Exclusions: Dining Room Furniture & Master Bedroom
  • Inclusions: Most Furniture, Murphy bed (3) TV's, Washer, Dryer, Refrigerator
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 3/1/2025 12:00:00 AM
  • Federal Flood Zone: No
  • Year Built: 2004
  • Automatically Close On Close Date: Yes
  • Building Winterized: No
  • Remarks Public: Charming single-family home in the heart of Ocean City! Just three short blocks to the beach, Boardwalk, and downtown shopping. This beautifully maintained 3-bedroom, 2.5-bath home features an inviting front porch, a bright and spacious open floor plan, a newer kitchen highlighted by a large center island with quartz countertops and tile backsplash. Primary bedroom features a vaulted ceiling, brand new ensuite and a large walk-in closet with custom shelving. Home is freshly painted and move-in ready. Features a large backyard with a 6’ privacy fence, perfect for entertaining and can accommodate a pool. Additional highlights include a 2 car garage (tandem) with extra storage and a work shop area. 2 zone HVAC installed July 2023. This property has never been rented. Enjoy the convenience of like-new construction without the wait—only 20 years young! Available immediately for summer enjoyment. Don’t miss this opportunity—act fast! Back on market due to Buyer not disclosing home sale contingency.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Washer/Dryer Stacked
  • Flooring Type: Carpet, Ceramic Tile, Luxury Vinyl Plank
  • Interior Amenities: Carpet, Combination Dining/Living, Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Island, Recessed Lighting, Walk-In Closet(s), Wood Floors
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Permanent
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Garage Access
  • Laundry Type: Upper Floor
  • Total Sq Ft: 2620
  • Living Area Sq Ft: 2620
  • Price Per Sq Ft: 861.11
  • Above Grade Finished Sq Ft: 1620
  • Below Grade Finished Sq Ft: 1000
  • Total Below Grade Sq Ft: 1000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 305

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Fencing: Fully, Vinyl
  • Lot Features: Front Yard, Level, Open, Rear Yard
  • Lot Size Acres: 0.05
  • Lot Dimensions: 29.50 x 70.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2065.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Furnished: Partially
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6955.00
  • Assessor Parcel Number: 08-01504-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 1620
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 05/20/2025

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2025
Closed on
May 15, 2025
Sold by
Braun Paul F and Braun Laurie J
Bought by
Hill Jim
Seller's Agent
Patricia Chapnick
RE/MAX Central - South Philadelphia
Buyer's Agent
Marc Chapnick
RE/MAX at the Sea
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.40%

Purchase Details

Listed on
Jun 6, 2015
Closed on
Apr 18, 2016
Sold by
Veisz John J and Veisz Lisa E
Bought by
Braun Paul F and Braun Laurie J
Seller's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
List Price
$679,000
Sold Price
$679,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.23%

Purchase Details

Closed on
Mar 20, 2014
Sold by
Veisz John and Veisz Lisa E
Bought by
Veisz John J

Purchase Details

Closed on
May 9, 2011
Sold by
Rosetti Richard H and Rosetti Eva
Bought by
Veisz John and Veisz Lisa E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.49%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 29, 2008
Sold by
Mchale Theresa
Bought by
Rosetti Richard H and Rosetti Eva

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$407,000
Interest Rate
6.13%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 28, 2004
Sold by
Kotakis Development Llc
Bought by
Mchale Theresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,200
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2003
Sold by
Haigh Joseph
Bought by
Kotakis Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.88%

Purchase Details

Closed on
Apr 26, 1995
Sold by
Fielemeyer Joseph W
Bought by
Haigh Joseph and Taylor Lucille D
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,400,000 American Land Title
Deed $1,400,000 American Land Title
Deed $679,000 Attorney
Interfamily Deed Transfer -- None Available
Deed $648,500 First American Title Ins Co
Deed $680,000 Pennant First Title Agency
Deed $629,000 --
Deed -- --
Deed $187,500 --
Deed $67,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,062,500 New Conventional
Previous Owner $475,000 Credit Line Revolving
Previous Owner $250,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $350,000 Credit Line Revolving
Previous Owner $417,000 New Conventional
Previous Owner $417,000 Unknown
Previous Owner $407,000 Purchase Money Mortgage
Previous Owner $503,200 Purchase Money Mortgage
Previous Owner $325,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2025 06/01/25 Off Market $1,395,000 -- --
05/20/2025 05/20/25 Sold $1,400,000 +0.4% $534 / Sq Ft
04/14/2025 04/14/25 Price Changed $1,395,000 -7.0% $532 / Sq Ft
03/15/2025 03/15/25 For Sale $1,500,000 +120.9% $573 / Sq Ft
03/30/2016 03/30/16 Sold $679,000 0.0% $419 / Sq Ft
10/21/2015 10/21/15 Pending -- -- --
06/06/2015 06/06/15 For Sale $679,000 -- $419 / Sq Ft
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
2024 $6,955 $619,900 $291,000 $328,900
2023 $6,639 $619,900 $291,000 $328,900
2022 $6,379 $619,900 $291,000 $328,900
2021 $4,624 $619,900 $291,000 $328,900
2020 $6,063 $619,900 $291,000 $328,900
2019 $5,994 $619,900 $291,000 $328,900
2018 $5,939 $619,900 $291,000 $328,900
2017 $5,846 $619,900 $291,000 $328,900
2016 $5,622 $619,900 $291,000 $328,900
2015 $5,548 $619,900 $291,000 $328,900
2014 $5,468 $619,900 $291,000 $328,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM2004690

Bright MLS

APN: 08-01504-0000-00002