NOT LISTED FOR SALE

Estimated Value: $692,000 - $858,000

2 Beds
1 Bath
972 Sq Ft
$785/Sq Ft Est. Value

Last Sold August 10, 2015

Last sale price $350,000 $360 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $4,675/month

71 Days on Market

About This Home

As of August 2015

Great condo alternative! Excellent house for a first time buyer or an investor looking for their next project. This property has 2 bedrooms plus an office! Property does need some cosmetic updating but for this price it will be well worth it. Property is being sold as-is. Motivated seller and priced to move! Preference will be given to offers that will close fast!!

Last Agent to Sell the Property

Sabrina Mandell

Cameron Real Estate Group Listed on: 05/11/2015

Last Buyer's Agent

Nancy Locke

Lauchlin Real Estate Group

Property Details

Home Type

Other

Est. Annual Taxes

$7,556

Year Built

1905

Lot Details

0

Listing Details

  • Unit Level: 1
  • Other Agent: 2.00
  • Special Features: None
  • Year Built: 1905

Interior Features

  • Has Basement: No
  • Number of Rooms: 5

Garage/Parking

  • Parking Spaces: 0

Utilities

  • Cooling: Wall AC
  • Heating: Forced Air

Condo/Co-op/Association

  • No Units: 1
  • Unit Building: 1

Lot Info

  • Assessor Parcel Number: W:07 P:01275 S:000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Formosi Andrea
Bought by
Burke Alan and Formosi Andrea
Current Estimated Value
$763,054

Purchase Details

Listed on
May 11, 2015
Closed on
Aug 10, 2015
Sold by
Ocean City Development
Bought by
Formosi Andrea
Seller's Agent
Sabrina Mandell
Cameron Real Estate Group
Buyer's Agent
Nancy Locke
Lauchlin Real Estate Group
List Price
$399,900
Sold Price
$350,000
Premium/Discount to List
-$49,900
-12.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$280,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2015
Sold by
Dambrosia Joseph
Bought by
Ocean City Development

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
3.86%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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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
Burke Alan -- None Available
Formosi Andrea $350,000 --
Ocean City Development $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formosi Andrea $280,000
Previous Owner Ocean City Development $322,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2015 08/10/15 Sold $350,000 0.0% $360 / Sq Ft
07/21/2015 07/21/15 Pending -- -- --
07/02/2015 07/02/15 Off Market $350,000 -- --
05/26/2015 05/26/15 Price Changed $359,900 -4.0% $370 / Sq Ft
05/14/2015 05/14/15 Price Changed $374,900 -6.3% $386 / Sq Ft
05/11/2015 05/11/15 For Sale $399,900 -- $411 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $7,556 $652,500 $342,900 $309,600
2024 $6,537 $599,700 $292,300 $307,400
2023 $5,964 $555,300 $270,600 $284,700
2022 $5,492 $504,800 $246,000 $258,800
2021 $4,987 $467,400 $227,800 $239,600
2020 $4,199 $397,600 $229,700 $167,900
2019 $4,006 $380,100 $172,600 $207,500
2018 $3,795 $362,100 $172,600 $189,500
2017 $3,650 $344,700 $172,600 $172,100
2016 $3,310 $300,900 $172,600 $128,300
2015 $3,462 $285,900 $160,000 $125,900
2014 $3,148 $250,200 $160,000 $90,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71834368

MLS Property Information Network (MLS PIN)

APN: SBOS-000000-000007-001275