NOT LISTED FOR SALE

3729 Asbury Ave Unit 31 Ocean City, NJ 08226

Estimated Value: $999,000

-- Bed
-- Bath
-- Sq Ft
3,006 Sq Ft Lot

Last Sold February 12, 2021

Last sale price $1,250,000

Est. 20% decrease in value since last sale

Current estimated payment $6,296/month

Highlights

  • Den
  • Breakfast Area or Nook
  • Dining Room
  • Ocean City Primary School Rated A
  • Forced Air Heating and Cooling System
  • 3-minute walk to 34th Street Park

About This Home

As of February 2021

This Property can be used as a Single family or Duplex and has room for the whole family and more! Recently added New roof and HVAC. You must see this Property to truly appreciate it. You can use it as a 7 bedroom 5 Bath home or as it is currently set up as a duplex. The first floor has a nice front deck with Entrance that leads into a large living area with Dining room and upgraded Kitchen with 3 Large Bedrooms and 2 full baths. Summer income potential of $25,000+ As you enter the 2nd Floor it flows through a large living area and dining area with Steps that lead to Very Spacious Master suite with a full bath of its own and room for a king size bed and Office space and Breakfast nook The Master suite opens up to a Large enclosed Porch area with Cable and plenty of room to entertain. Continue on to your private 3rd Floor deck facing towards the Ocean . Back down on the 2nd Level you have a beautiful kitchen and then 3 other Large Bedrooms and 2 more full baths that lead out to a Large deck with a peak of the Ocean! The 2nd Floor also has a separate Laundry room and a front deck This 2nd Floor has Summer rental potential of $40,000 + This is a unique and one of a kind Ocean City Get-away and only 1 block to the Fabulous 37th Street Beach . Make an appointment to show this property with unlimited potential - vacant and easy to show- call lister for lock box

Last Agent to Sell the Property

John Greier

BERGER REALTY-Main Listed on: 09/25/2020

Last Buyer's Agent

John Greier

BERGER REALTY-Main Listed on: 09/25/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,885

Year Built

  • Built in 1981

Lot Details

  • Lot Dimensions are 30 x 100

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Dining Room
  • Den
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,885

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 09/25/2020
  • Year Built: 1981
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Basement: Crawl Space
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Room, Kitchen

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 30 x 100

Rental Info

  • Rental Information: Seasonal

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Heat, Hot Water, Cooling, Cable Tv, Sewer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Feb 12, 2021
Sold by
Chierici Donald R
Bought by
Ramalho Louis F and Uber-Ramalho Marie
Seller's Agent
John Greier
BERGER REALTY-Main
Buyer's Agent
John Greier
BERGER REALTY-Main
List Price
$1,299,900
Sold Price
$1,250,000
Premium/Discount to List
-$49,900
-3.84%
Current Estimated Value
$999,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$251,000
Original Mortgage
$424,000
Outstanding Balance
$379,221
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 1995
Sold by
Donnelly Terrence
Bought by
Chase Andrew and Stone Bernard

Purchase Details

Closed on
May 29, 1981
Bought by
Chierici Donald
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
Ramalho Louis F $530,000 Misc Company
Chase Andrew $170,000 --
Chierici Donald $153,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramalho Louis F $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $1,250,000 -3.8% --
12/17/2020 12/17/20 Pending -- -- --
09/25/2020 09/25/20 For Sale $1,299,900 -- --
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
2021 $6,885 $704,000 $537,000 $167,000
2020 $6,885 $704,000 $537,000 $167,000
2019 $6,808 $704,000 $537,000 $167,000
2018 $6,596 $704,000 $537,000 $167,000
2017 $6,533 $704,000 $537,000 $167,000
2016 $6,385 $704,000 $537,000 $167,000
2015 $6,301 $704,000 $537,000 $167,000
2014 $6,209 $704,000 $537,000 $167,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542658

South Jersey Shore Regional MLS

APN: 08-03702-0000-00009