NOT LISTED FOR SALE

3945 Central Ave Ocean City, NJ 08226

Estimated Value: $2,300,000 - $3,586,000

4 Beds
2.5 Baths
1,920 Sq Ft
$1,465/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $1,395,000 $727 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $16,696/month

85 Days on Market

Highlights

  • Water Oriented
  • Waterfront
  • Corner Lot
  • Ocean City Primary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of March 2017

Impeccable 1900+ square foot beachfront condo! Whether your looking for a vacation home or an upscale income property this 4 bedroom, 3 bath condo provides the space you need and has solid rental history. Relaxing or entertaining is simpler with the open kitchen and spacious living room with access to the outstanding covered paver veranda made for sipping morning coffee or evening cocktails while you listen to the waves crashing and enjoy the beach breeze. Attached garage, outdoor shower to eliminate tracking sand in from the beach and corner location.

Last Agent to Sell the Property

MARNA BUONADONNA

Coldwell Banker Excel Realty Listed on: 11/23/2016

Co-Listed By

datacorrect BrightMLS

Non Subscribing Office

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $12,521

Year Built

  • Built in 1995

Lot Details

  • Waterfront

Parking

  • 1 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Semi-Detached or Twin Home
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Built-In Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Outdoor Features

  • Water Oriented
  • Property is near an ocean
  • Dock Against Bulkhead

Utilities

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

Listing and Financial Details

  • Tax Lot 8

Community Details

Overview

  • No Home Owners Association
  • Association fees include insurance

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$12,521

Year Built

Built in 1995

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Ownership: Condominium
  • New Construction: No
  • Year Built: 1995
  • Remarks Public: Impeccable 1900+ square foot beachfront condo! Whether your looking for a vacation home or an upscale income property this 4 bedroom, 3 bath condo provides the space you need and has solid rental history. Relaxing or entertaining is simpler with the open kitchen and spacious living room with access to the outstanding covered paver veranda made for sipping morning coffee or evening cocktails while you listen to the waves crashing and enjoy the beach breeze. Attached garage, outdoor shower to eliminate tracking sand in from the beach and corner location.
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Oven - Self Cleaning, Dishwasher, Refrigerator, Disposal, Built-In Microwave
  • Flooring Type: Wood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace Features: Gas/Propane
  • Fireplace: No
  • Entry Location: Foyer
  • Floors In Unit Count: 1
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Living Area Units: Square Feet
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Net Sq Ft: 1920.00
  • Price Per Sq Ft: 726.56
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3945

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Dock Type: Against Bulkhead Only (Lateral)
  • View: Water
  • View: Yes
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Insurance
  • HOA: No

Lot Info

  • Lot Features: Corner
  • Lot Size Units: Square Feet
  • Property Attached Yn: Yes
  • Zoning: RES

Rental Info

  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12521.00
  • Tax Lot: 8
  • Tax Year: 2016
  • Close Date: 03/29/2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2016
Closed on
Mar 28, 2017
Sold by
Desai Dinesh
Bought by
Desanto Blaise and Desanto Roseann
Seller's Agent
MARNA BUONADONNA
Coldwell Banker Excel Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,595,000
Sold Price
$1,395,000
Premium/Discount to List
-$200,000
-12.54%
Current Estimated Value
$2,813,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,418,692
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Nov 24, 2000
Sold by
Latta Financial Management Inc
Bought by
Desai Dinesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
7.76%

Purchase Details

Closed on
Nov 15, 2000
Sold by
Fisher Maurice Lea
Bought by
Matusow Gary and Matusow Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
7.76%

Purchase Details

Closed on
Aug 12, 1999
Sold by
Hallinan Robert J
Bought by
Fisher Maurice Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,000
Interest Rate
7.6%

Purchase Details

Closed on
Jul 10, 1997
Sold by
Latta Finl Mgmt
Bought by
Vision Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
7.79%
Source: Public Records

Range of Values:

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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
Desanto Blaise $1,695,000 None Available
Desai Dinesh $1,500,000 --
Desai Dinesh $1,500,000 --
Matusow Gary $1,150,000 --
Fisher Maurice Lee $840,000 --
Vision Prop Llc $590,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Desai Dinesh $1,125,000
Previous Owner Matusow Gary $852,500
Previous Owner Fisher Maurice Lee $562,000
Previous Owner Vision Prop Llc $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2017 03/29/17 Sold $1,395,000 -12.5% $727 / Sq Ft
02/16/2017 02/16/17 Pending -- -- --
11/23/2016 11/23/16 For Sale $1,595,000 -- $831 / Sq Ft
Source: Bright 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 $17,792 $1,585,700 $1,075,000 $510,700
2024 $17,792 $1,585,700 $1,075,000 $510,700
2023 $16,983 $1,585,700 $1,075,000 $510,700
2022 $16,317 $1,585,700 $1,075,000 $510,700
2021 $15,334 $1,585,700 $1,075,000 $510,700
2020 $15,508 $1,585,700 $1,075,000 $510,700
2019 $15,334 $1,585,700 $1,075,000 $510,700
2018 $15,191 $1,585,700 $1,075,000 $510,700
2017 $14,774 $1,566,700 $1,075,000 $491,700
2016 $14,210 $1,566,700 $1,075,000 $491,700
2015 $14,022 $1,566,700 $1,075,000 $491,700
2014 $13,818 $1,566,700 $1,075,000 $491,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2017

    MARNA BUONADONNA

    Coldwell Banker Excel Realty

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Map

Source: Bright MLS

MLS Number: 1004781101

Bright MLS

APN: 08-03901-0000-00001-0000-C2

New Jersey Cape May County Ocean City 08226

3945 Central Ave, Ocean City, NJ

This home is located at 3945 Central Ave, Ocean City, NJ 08226 since 23 November 2016 and is currently estimated at $2,813,692, approximately $1,465 per square foot. This property was built in 1995. 3945 Central 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.

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