NOT LISTED FOR SALE

40 Bay Ave Unit 42 Ocean City, NJ 08226

Estimated Value: $1,674,000 - $3,650,000

4 Beds
2 Baths
2,148 Sq Ft
$1,112/Sq Ft Est. Value

About This Home

This home is located at 40 Bay Ave Unit 42, Ocean City, NJ 08226 and is currently estimated at $2,388,312, approximately $1,111 per square foot. 40 Bay Ave Unit 42 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Mitchell Thomas and Mitchell Susan
Bought by
Mitchell Thomas and Mitchell Susan
Current Estimated Value
$2,388,312

Purchase Details

Closed on
Jul 18, 2013
Sold by
Mitchell Thomas D and Mitchell Susan C
Bought by
Mitchell Thomas D and Mitchell Susan C

Purchase Details

Closed on
Jul 29, 2011
Sold by
Haughey Gerald E and Haughey Patricia E
Bought by
Mitchell Thomas D and Mitchell Susan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,000
Interest Rate
4.51%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 1, 1997
Sold by
Marrington David
Bought by
Haughey Gerald and Haughey Charlie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,000
Interest Rate
7.98%
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.

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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.

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First American

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Quantarium

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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
Mitchell Thomas -- None Listed On Document
Mitchell Thomas -- None Listed On Document
Mitchell Thomas D -- None Available
Mitchell Thomas D $900,000 First American Title Ins Co
Haughey Gerald $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mitchell Thomas D $183,000
Previous Owner Mitchell Thomas D $417,000
Previous Owner Haughey Gerald E $1,006,200
Previous Owner Haughey Gerald E $100,000
Previous Owner Haughey Gerald E $150,000
Previous Owner Haughey Gerald $281,000
Source: Public Records

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 $12,716 $1,133,300 $728,400 $404,900
2024 $12,716 $1,133,300 $728,400 $404,900
2023 $12,138 $1,133,300 $728,400 $404,900
2022 $11,662 $1,133,300 $728,400 $404,900
2021 $11,390 $1,133,300 $728,400 $404,900
2020 $11,084 $1,133,300 $728,400 $404,900
2019 $10,959 $1,133,300 $728,400 $404,900
2018 $10,857 $1,133,300 $728,400 $404,900
2017 $10,687 $1,133,300 $728,400 $404,900
2016 $10,279 $1,133,300 $728,400 $404,900
2015 $10,143 $1,133,300 $728,400 $404,900
2014 $9,996 $785,000 $728,400 $56,600
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

40 Bay Ave Unit 42, Ocean City, NJ

This home is located at 40 Bay Ave Unit 42, Ocean City, NJ 08226 and is currently estimated at $2,388,312, approximately $1,111 per square foot. 40 Bay Ave Unit 42 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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