NOT LISTED FOR SALE

3240 Central Ave Unit 1st Floor Ocean City, NJ 08226

Estimated Value: $1,449,000 - $1,704,000

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

Last Sold June 05, 2015

Last sale price $787,000

Est. 95% increase in value since last sale

Current estimated payment $9,091/month

354 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Bathroom on Main Level
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • 3-minute walk to Sand Castle Park

About This Home

As of June 2015

New construction Coste build, block from the beach, first floor, 4 bedroom, 2 full bath, powder room, gas heat, central air, front and rear decks, attached garage, off street parking. Great location close to tennis and basketball courts, shopping, beach, call listing agent for a copy of plans.

Last Agent to Sell the Property

DONNA BROWN

BERGER REALTY-Main Listed on: 05/15/2014

Co-Listed By

Cynda Hollenbaugh

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Last Buyer's Agent

George Cash

BERGER REALTY-Main

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,794

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,794

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • New Construction: Yes
  • Year Built: 2015
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 4
  • Bedroom 1: Size: 1st floor
  • Bedroom 2: Size: 1st floor
  • Bedroom 3: Size: 1st floor
  • Bedroom 4: Size: 1st floor
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Main
  • Dining Room: Size: 1st floor
  • Kitchen: Size: 1st floor
  • Living Room: Size: 1st floor
  • Powder Room Level: Main

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Association

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2014
Closed on
Jun 5, 2015
Sold by
3240-42 Central Avenue Llc
Bought by
Russo Joseph A and Russo Susan L
Seller's Agent
DONNA BROWN
BERGER REALTY-Main
Buyer's Agent
George Cash
BERGER REALTY-Main
List Price
$787,000
Sold Price
$787,000
Current Estimated Value
$1,536,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,881
Avg. Annual Appreciation
6.76%
Original Mortgage
$500,000
Interest Rate
2.62%
Mortgage Type
New Conventional
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
Russo Joseph A $787,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Joseph A $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2015 06/05/15 Sold $787,000 0.0% --
05/04/2015 05/04/15 Pending -- -- --
05/15/2014 05/15/14 For Sale $787,000 -- --
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 $8,794 $783,800 $362,000 $421,800
2024 $8,794 $783,800 $362,000 $421,800
2023 $8,395 $783,800 $362,000 $421,800
2022 $8,065 $783,800 $362,000 $421,800
2021 $7,877 $783,800 $362,000 $421,800
2020 $7,666 $783,800 $362,000 $421,800
2019 $7,579 $783,800 $362,000 $421,800
2018 $7,509 $783,800 $362,000 $421,800
2017 $7,391 $783,800 $362,000 $421,800
2016 $7,109 $783,800 $362,000 $421,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2015

    DONNA BROWN

    BERGER REALTY-Main

    36 in this area

    39 Total Sales

    DONNA BROWN
    Section Image
  • Cynda Hollenbaugh

    Seller Co-Listing Agent in 2015

    Cynda Hollenbaugh

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (609) 703-2480

    16 in this area

    24 Total Sales

    Cynda Hollenbaugh
    Section Image

  • G

    Buyer's Agent in 2015

    George Cash

    BERGER REALTY-Main

    (609) 231-3586

    19 in this area

    22 Total Sales

    George Cash
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 429263

South Jersey Shore Regional MLS

APN: 08-03202-0000-00025-0000-C1

New Jersey Cape May County Ocean City 08226

3240 Central Ave Unit 1st Floor, Ocean City, NJ

This home is located at 3240 Central Ave Unit 1st Floor, Ocean City, NJ 08226 since 15 May 2014 and is currently estimated at $1,536,881. This property was built in 2015. 3240 Central Ave Unit 1st Floor 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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