NOT LISTED FOR SALE

3717 Central Ave Unit 19 Ocean City, NJ 08226

Estimated Value: $2,118,000

-- Bed
-- Bath
2,940 Sq Ft
$720/Sq Ft Est. Value

Last Sold November 11, 2020

Last sale price $1,250,000 $425 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $13,347/month

125 Days on Market

Highlights

  • Ocean View
  • Building is beachfront but unit may not have water views
  • Recreation Room
  • Ocean City Primary School Rated A
  • Deck
  • 5-minute walk to 34th Street Park

About This Home

As of November 2020

South end Central Avenue duplex is finally available! Amenities feature 40x100 ft buildable duplex lot with high elevation just steps to Ocean City's desirable 37th street beach, vinyl siding, four fiberglass decks, vinyl railings, offstreet parking, pavers, outside showers and storage, 1st floor- 3 bedroom/ 2 baths, 2nd floor- 4 bedroom/ 2.5 baths with additional loft, direct ocean views from multiple decks and so much more. Prime location to build a single family home or duplex of your dreams. This tremendous opportunity will not last!

Last Agent to Sell the Property

Matthew Bader

BERGER REALTY-Main Listed on: 05/02/2020

Last Buyer's Agent

John Kotakis

FOX REAL ESTATE-Brighton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,820

Lot Details

  • Lot Dimensions are 40x100
  • Building is beachfront but unit may not have water views

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Dining Room
  • Recreation Room
  • Loft
  • Ocean Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,820

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 05/02/2020
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Other Rooms: Dining Area, Dining Room, Kitchen, Laundry/Utility Rm, Loft, Recreation/Family

Exterior Features

  • Outside Features: Deck, Ocean View, Outside Shower, Porch
  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Location: Beach Block, Bulkheaded, Water View
  • Lot Dimensions: 40x100

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 4, 2022
Sold by
Robert Coste Inc
Bought by
Scaramuzza Robert and Scaramuzza Lisa M
Current Estimated Value
$2,118,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$322,809
Interest Rate
3.55%
Mortgage Type
Balloon

Purchase Details

Listed on
May 2, 2020
Closed on
Oct 23, 2020
Sold by
Knauer Christopher J and Knauyer Schuyler
Bought by
Robert Coste Inc
Seller's Agent
Matthew Bader
BERGER REALTY-Main
Buyer's Agent
John Kotakis
FOX REAL ESTATE-Brighton
List Price
$1,350,000
Sold Price
$1,250,000
Premium/Discount to List
-$100,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 2009
Sold by
The David Knauer Qualified Personal Resi
Bought by
Knauer Christopher J and Knauer Schuyler
Source: Public Records

Range of Values:

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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
Scaramuzza Robert $1,399,900 Freedom Title
Venzie Howard D $1,385,000 Freedom Title
3717-19 Central Avenue Condominium -- Freedom Title
Robert Coste Inc $1,250,000 Freedom Title
Knauer Christopher J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venzie Howard D $400,000
Closed Scaramuzza Robert $100,000
Previous Owner Robert Coste Inc $1,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2020 11/11/20 Sold $1,250,000 -7.4% $425 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $1,350,000 0.0% $459 / Sq Ft
07/17/2020 07/17/20 Pending -- -- --
06/19/2020 06/19/20 Price Changed $1,350,000 -3.2% $459 / Sq Ft
05/02/2020 05/02/20 For Sale $1,395,000 -- $474 / Sq Ft
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
2022 $7,820 $760,000 $760,000 $0
2021 $7,631 $760,000 $760,000 $0
2020 $8,206 $839,100 $760,000 $79,100
2019 $8,114 $839,100 $760,000 $79,100
2018 $8,039 $839,100 $760,000 $79,100
2017 $7,913 $839,100 $760,000 $79,100
2016 $7,611 $839,100 $760,000 $79,100
2015 $7,510 $839,100 $760,000 $79,100
2014 $7,401 $839,100 $760,000 $79,100
Source: Public Records

Agents Affiliated with this Home

  • Matthew Bader

    Seller's Agent in 2020

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    63 in this area

    69 Total Sales

    Matthew Bader
    Section Image
  • John Kotakis

    Buyer's Agent in 2020

    John Kotakis

    FOX REAL ESTATE-Brighton

    (609) 703-0288

    46 in this area

    57 Total Sales

    John Kotakis
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 536514

South Jersey Shore Regional MLS

APN: 08-03701-0000-00008

New Jersey Cape May County Ocean City 08226

3717 Central Ave Unit 19, Ocean City, NJ

This home is located at 3717 Central Ave Unit 19, Ocean City, NJ 08226 since 02 May 2020 and is currently priced at $2,118,000, approximately $720 per square foot. 3717 Central Ave Unit 19 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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