$1,345,000
SOLD OCT 24, 2019

401 48th St Ocean City, NJ 08226

4 Beds
5 Baths
3,168 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$425 Per Sq Ft

16% Below List Price

122 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Deck
  • Ocean City Primary School Rated A
  • Island Location
  • 2-minute walk to 49th Street Dog Run

About This Home

As of June 2025

The seller acquired the property through foreclosure or deed in lieu of foreclosure or from an entity that acquired it through foreclosure of deed in lieu of foreclosure. The property is being sold in as is condition and the seller or sellers agents do not make any representations or warranties as to condition. Seller does not have any financials or prior utility bills from the prior owner. It is the buyers responsibility for all local and state inspections that are needed prior to closing. All questions and concerns should be answered by personal inspection and research. Buyer to verify square footage of lot, structure, well/septic,HOA if applicable. All offers must be submitted by the buyer's agent using the online offer management system. Access the system via the link below. A technology fee will apply to the buyer's agent upon consummation of a sale. Offer link to property: http://reo.exceleras.com/?c=AZEP ***

Last Agent to Sell the Property

Edward Augsberger

COASTAL ELITE REALTY License #0338089 Listed on: 06/07/2019

COASTAL ELITE REALTY

Last Buyer's Agent

Don Wristbridge

BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson

BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,091

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 60x63
  • Corner Lot

Home Design

  • Contemporary Architecture
  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3,168 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Gas Fireplace
  • Great Room
  • Living Room
  • Dining Area
  • Den
  • Water Views
  • Alarm System

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Property is near a beach
  • Deck

Location

  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 7 / 4702

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,091

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Corner, Island, Water View
  • District Township: 08-Ocean City
  • Estimated Year Built: 2006
  • Beach Proximity: 1 Block
  • New Construction: No
  • Second Address Number: 401
  • Lot Size2: 60X63
  • Price per Sq Ft: 424.56
  • Selling Agent1: 4936
  • Selling Office1: 391
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Appliances Included: Refrigerator, Dishwasher, Disposal, Burglar Alarm, Stove Natural Gas
  • Interior Amenities: Cathedral Ceilings, Elevator, Fireplace- Gas, Wood Flooring, Tile Flooring
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Bedrooms: 4
  • Total Rooms: 13
  • Estimated Living Sq Ft: 3168
  • Other Rooms: Living Room, Kitchen, Den/TV Room, Recreation/Family, Dining Area, Great Room

Exterior Features

  • Construction: Contemporary, Three Story
  • Exterior: Stone, Vinyl
  • Frontage: 60
  • Outside Features: Deck

Garage/Parking

  • Parking Garage: Garage, 2 Car, Attached, Concrete Driveway

Utilities

  • Cooling: Central Air Condition
  • Heating: Gas Natural, Forced Air, Multi-Zoned
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 7
  • Lot Size: 1 to 6000 SqFt
  • Zoning: resi

Tax Info

  • Taxes: 16091
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2025
Closed on
Jun 27, 2025
Sold by
Palombi William and Palombi Susan
Bought by
Weisbrot Connie Susan
Seller's Agent
Don Wristbridge
BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson
Buyer's Agent
Gray Haenn
BERGER REALTY
List Price
$3,100,000
Sold Price
$3,100,000
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-79.95%

Purchase Details

Listed on
Oct 1, 2019
Closed on
Oct 16, 2019
Sold by
Diplomat Property Manager
Bought by
Palombi William and Palombi Susan
Seller's Agent
Edward Augsberger
COASTAL ELITE REALTY
Buyer's Agent
Don Wristbridge
BHHS FOX and ROACH-Simpson OC
List Price
$1,509,900
Sold Price
$1,345,000
Premium/Discount to List
-$164,900
-10.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.81%

Purchase Details

Closed on
Mar 27, 2018
Sold by
Nolan Robert A
Bought by
Diplomat Property Manager

Purchase Details

Closed on
Oct 14, 2004
Sold by
Richardson Keith
Bought by
Pisko Robert B and Pisko Linda G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $3,100,000 None Listed On Document
Deed $3,100,000 None Listed On Document
Deed $1,345,000 None Available
Quit Claim Deed -- --
Bargain Sale Deed $1,050,000 --
Bargain Sale Deed $1,050,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,560,000 Unknown
Previous Owner $1,282,010 Construction
Previous Owner $650,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Sold $3,100,000 0.0% $3,131 / Sq Ft
06/05/2025 06/05/25 Pending -- -- --
06/03/2025 06/03/25 For Sale $3,100,000 +130.5% $3,131 / Sq Ft
10/24/2019 10/24/19 Sold $1,345,000 0.0% $425 / Sq Ft
10/24/2019 10/24/19 Sold $1,345,000 -10.9% $1,359 / Sq Ft
10/07/2019 10/07/19 Pending -- -- --
10/07/2019 10/07/19 Pending -- -- --
10/01/2019 10/01/19 For Sale $1,509,900 -5.6% $1,525 / Sq Ft
06/07/2019 06/07/19 For Sale $1,599,900 -- $505 / Sq Ft
Source: Cape May County Association of REALTORS®

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
2024 $17,139 $1,527,500 $635,200 $892,300
2023 $16,360 $1,527,500 $635,200 $892,300
2022 $15,718 $1,527,500 $635,200 $892,300
2021 $15,351 $1,527,500 $635,200 $892,300
2020 $16,689 $1,706,400 $635,200 $1,071,200
2019 $16,501 $1,706,400 $635,200 $1,071,200
2018 $16,347 $1,706,400 $635,200 $1,071,200
2017 $16,091 $1,706,400 $635,200 $1,071,200
2016 $15,477 $1,706,400 $635,200 $1,071,200
2015 $15,272 $1,706,400 $635,200 $1,071,200
2014 $15,050 $1,706,400 $635,200 $1,071,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 188128

Cape May County Association of REALTORS®

APN: 08-04702-03-00007