NOT LISTED FOR SALE

400 42nd St Unit 2 Ocean City, NJ 08226

Estimated Value: $1,489,000 - $2,098,000

-- Bed
-- Bath
1,619 Sq Ft
$1,067/Sq Ft Est. Value

About This Home

This home is located at 400 42nd St Unit 2, Ocean City, NJ 08226 and is currently estimated at $1,727,720, approximately $1,067 per square foot. 400 42nd St Unit 2 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
Oct 18, 2021
Sold by
Conway Holdings Llc
Bought by
Merlini Cornelius and Merlini Carolyn S
Current Estimated Value
$1,727,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$640,080
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$1,087,640

Purchase Details

Closed on
Jul 11, 2003
Sold by
Bath Wilmer H
Bought by
Merlini Cornelius and Merlini Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
5.27%

Purchase Details

Closed on
Dec 21, 1988
Sold by
Bath Wilmer and Bath Edna
Bought by
Bath Wilmer and Bath Edna
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Merlini Cornelius -- The Title Company
Merlini Cornelius -- The Title Company
400-02 42Nd Street Condominium Association -- Barnes Law Group Llc
Merlini Cornelius $615,000 --
Bath Wilmer -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 400-02 42Nd Street Condominium Association $700,000
Previous Owner Merlini Cornelius $492,000
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 $12,410 $1,106,100 $472,500 $633,600
2024 $12,410 $1,106,100 $472,500 $633,600
2023 $11,846 $1,106,100 $472,500 $633,600
2022 $4,862 $472,500 $472,500 $0
2021 $4,749 $472,500 $472,500 $0
2020 $6,290 $643,100 $472,500 $170,600
2019 $6,219 $643,100 $472,500 $170,600
2018 $6,161 $643,100 $472,500 $170,600
2017 $6,064 $643,100 $472,500 $170,600
2016 $5,833 $643,100 $472,500 $170,600
2015 $5,756 $643,100 $472,500 $170,600
2014 $5,672 $643,100 $472,500 $170,600
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

400 42nd St Unit 2, Ocean City, NJ

This home is located at 400 42nd St Unit 2, Ocean City, NJ 08226 and is currently estimated at $1,727,720, approximately $1,067 per square foot. 400 42nd St Unit 2 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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