NOT LISTED FOR SALE

323 Ocean Ave Ocean City, NJ 08226

Estimated Value: $1,301,971 - $1,766,000

-- Bed
-- Bath
-- Sq Ft
5,184 Sq Ft Lot

Last Sold October 20, 2020

Last sale price $735,000

Est. 96% increase in value since last sale

Current estimated payment $8,324/month

16 Days on Market

Highlights

  • The property is located in a historic district
  • Deck
  • Den
  • Ocean City Primary School Rated A
  • Great Room
  • 3-minute walk to Lake Memorial Park

About This Home

As of October 2020

DON'T MISS THIS TRIPLEX INVESTMENT OPPORTUNITY IN OCEAN CITY'S HISTORIC DISTRICT!!! Truly a rare find in this day, here is a family home that offers not only an abundance of opportunity but also a detached cottage for great rental income. The Main building of this treasured Multi-Family property includes a ground floor 3 bedroom 1 bath combo, combined with the 2nd floor 3 bedroom 1 bath condo. Above that is smaller condo, perfect for rentals. FIX UP AND CONDO. Call Listing Agent for more info

Last Agent to Sell the Property

Harry Vanderslice

Compass New Jersey-Ocean City (O463H) License #0903201 Listed on: 07/31/2020

Compass New Jersey-Ocean City (O463H)

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC License #0453531

BHHS FOX and ROACH-West Ave OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,355

Lot Details

  • Lot Dimensions are 40x130
  • Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Triplex

Interior Spaces

  • Ceiling Fan
  • Great Room
  • Dining Area
  • Den
  • Storm Screens
  • Laundry Room

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,355

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 07/31/2020
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Rooms: Den/Tv Room, Dining Area, Great Room, Kitchen, Laundry/Utility Rm

Exterior Features

  • Outside Features: Deck, Fenced Yard, Needs Work, Patio, Porch, Recreation Area, Sidewalks
  • Storm Screens: Combination

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: Baseboard, Electric, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Historical District
  • Lot Dimensions: 40x130

Multi Family

  • Number Of Units: 3
  • Separate Meters: Electric, Gas, Hot Water, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Oct 20, 2020
Sold by
Crego Mark R and Crego Dona M
Bought by
Mayer Robert W and Torres Morgan
Seller's Agent
Harry Vanderslice
Compass New Jersey-Ocean City (O463H)
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$749,000
Sold Price
$735,000
Premium/Discount to List
-$14,000
-1.87%
Current Estimated Value
$1,438,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$703,771
Avg. Annual Appreciation
12.64%
Original Mortgage
$588,000
Outstanding Balance
$529,171
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$774,033

Purchase Details

Closed on
Aug 15, 1986
Bought by
Crego Mark R and Crego Dona M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mayer Robert W $735,000 Freedom Title
Crego Mark R $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Robert W $588,000
Previous Owner Crego Mark R $175,000
Previous Owner Crego Mark R $125,000
Previous Owner Crego Mark R $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $735,000 -1.9% --
08/16/2020 08/16/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $749,000 -- --
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 $5,355 $477,300 $355,000 $122,300
2024 $5,355 $477,300 $355,000 $122,300
2023 $5,112 $477,300 $355,000 $122,300
2022 $4,911 $477,300 $355,000 $122,300
2021 $3,561 $477,300 $355,000 $122,300
2020 $4,668 $477,300 $355,000 $122,300
2019 $4,615 $477,300 $355,000 $122,300
2018 $4,573 $477,300 $355,000 $122,300
2017 $4,506 $477,800 $355,000 $122,800
2016 $4,334 $477,800 $355,000 $122,800
2015 $4,276 $477,800 $355,000 $122,800
2014 $4,230 $479,600 $367,700 $111,900
Source: Public Records

Agents Affiliated with this Home

  • Harry Vanderslice

    Seller's Agent in 2020

    Harry Vanderslice

    Compass New Jersey-Ocean City (O463H)

    (609) 675-1575

    75 in this area

    100 Total Sales

    Section Image
  • Patrick Halliday

    Buyer's Agent in 2020

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    217 in this area

    363 Total Sales

    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 539993

South Jersey Shore Regional MLS

APN: 08-00304-0000-00009

New Jersey Cape May County Ocean City 08226

323 Ocean Ave, Ocean City, NJ

This home is located at 323 Ocean Ave, Ocean City, NJ 08226 since 31 July 2020 and is currently estimated at $1,485,243. 323 Ocean Ave 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.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes