NOT LISTED FOR SALE

401 53rd St Unit 403 2nd fl Ocean City, NJ 08226

Estimated Value: $1,273,143 - $1,726,000

4 Beds
2 Baths
1,544 Sq Ft
4,008 Sq Ft Lot

Last Sold October 27, 2023

Last sale price $1,550,000 $1,004 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $8,460/month

26 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Corner Lot
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Skylights

About This Home

As of October 2023

This home is located at 401 53rd St Unit 403 2nd fl, Ocean City, NJ 08226 since 27 July 2023 and is currently estimated at $1,468,286, approximately $950 per square foot. 401 53rd St Unit 403 2nd fl 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.

Last Agent to Sell the Property

Tim McLaughlin

MONIHAN REALTY, INC License #8632909 Listed on: 07/27/2023

Last Buyer's Agent

Non-Member Non-Member

Non Member

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,501

Lot Details

  • 4,008

Interior Spaces

  • 1,544 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Fireplace
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1.5 Car Attached Garage
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Property is near a beach

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 1 C2 / 5202

Community Details

Amenities

  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,501

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Location: Corner, Water View
  • District Township: 08-Ocean City
  • Beach Proximity: 1 Block
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • Second Address Number: 401-03
  • Price per Sq Ft: 1003.89
  • Selling Agent1: 1416
  • Selling Office1: 246
  • OFFICELIST_STATE: NJ
  • Street Designation: Street
  • CondoFeeFrequency: Annually
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal
  • Number Of Stories: Two
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 4
  • Estimated Living Sq Ft: 1544

Garage/Parking

  • Parking: Garage, Parking Pad, 1.5 Car, Attached

Utilities

  • Cooling: Central Air
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: Public
  • Water: Public

Condo/Co-op/Association

  • Unit: 403 2nd fl
  • Common Area Features: Deck/Porch, Enclosed/Cov. Porch, Cable TV, Outside Shower
  • Unit Features: Fireplace, Kitchen Center Island, Hardwood Floors, Skylight, Tile Floors
  • Unit Location: Corner, Top Floor, Water View

Lot Info

  • Lot Number: 1 C2

Tax Info

  • Taxes: 7501
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Nov 9, 2023
Sold by
Huff Russell E and Huff Julia J
Bought by
Desanto Nicholas R and Desanto Dinar
Seller's Agent
Tim McLaughlin
MONIHAN REALTY, INC
Buyer's Agent
Non-Member Non-Member
Non Member
List Price
$1,749,000
Sold Price
$1,550,000
Premium/Discount to List
-$199,000
-11.38%
Views
37
Current Estimated Value
$1,468,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$81,714
Avg. Annual Appreciation
-2.70%
Original Mortgage
$930,000
Outstanding Balance
$910,880
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$557,406

Purchase Details

Closed on
Apr 5, 2006
Sold by
Mcmillen Norma J
Bought by
Mooney James P and Mooney Christine G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$774,400
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac
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
Desanto Nicholas R $1,550,000 Trident Land Transfer
Desanto Nicholas R $1,550,000 Trident Land Transfer
Mooney James P $968,000 Freedom Title & Abstract Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desanto Nicholas R $930,000
Closed Desanto Nicholas R $930,000
Previous Owner Mooney James P $774,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold $1,550,000 -11.4% $1,004 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $1,749,000 -- $1,133 / 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
2025 $8,375 $746,400 $359,100 $387,300
2024 $8,375 $746,400 $359,100 $387,300
2023 $7,994 $746,400 $359,100 $387,300
2022 $7,680 $746,400 $359,100 $387,300
2021 $5,568 $746,400 $359,100 $387,300
2020 $7,300 $746,400 $359,100 $387,300
2019 $7,218 $746,400 $359,100 $387,300
2018 $7,151 $746,400 $359,100 $387,300
2017 $7,039 $746,400 $359,100 $387,300
2016 $6,770 $746,400 $359,100 $387,300
2015 $6,680 $746,400 $359,100 $387,300
2014 $6,583 $746,400 $359,100 $387,300
Source: Public Records

Agents Affiliated with this Home

  • Tim McLaughlin

    Seller's Agent in 2023

    Tim McLaughlin

    MONIHAN REALTY, INC

    (609) 576-0002

    48 in this area

    62 Total Sales

    Tim McLaughlin
    Section Image

  • N

    Buyer's Agent in 2023

    Non-Member Non-Member

    Non Member

See All Agents

Map

Source: Cape May County Association of REALTORS®

MLS Number: 231974

Cape May County Association of REALTORS®

APN: 08-05202-0000-00001-0000-C2

New Jersey Cape May County Ocean City 08226

401 53rd St Unit 403 2nd fl, Ocean City, NJ

This home is located at 401 53rd St Unit 403 2nd fl, Ocean City, NJ 08226 since 27 July 2023 and is currently estimated at $1,468,286, approximately $950 per square foot. 401 53rd St Unit 403 2nd fl 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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