NOT LISTED FOR SALE

401 58th St Unit 1 Ocean City, NJ 08226

Estimated Value: $1,139,364 - $1,366,000

3 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold September 30, 2022

Last sale price $925,000

Est. 34% increase in value since last sale

Current estimated payment $7,176/month

Highlights

  • Water Views
  • Corner Lot
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Outdoor Community Showers

About This Home

As of September 2022

SEE THE OCEAN AND HEAR THE ROLLING WAVES from the front deck of this beautifully maintained and upgraded 3 bedroom, 2 bath first floor. Features include Newer Kitchen with granite counter-tops and stainless steel GE appliances, plus porcelain tile floors. Very tastefully appointed and sold mostly furnished. 50' corner lot location offers a very short walk to Ocean City's highly desirable deep-southend beaches, as well as close proximity to the State Park, and Strathmere. Deep attached Garage plus additional private storage room offers room for extensive beach gear and toys, up to 3 car parking and a cabana shower. This beach home is a home run, Batter Up!!

Last Agent to Sell the Property

Jeffrey Stull

CENTURY 21 ALLIANCE-O1O4J Listed on: 07/18/2022

CENTURY 21 ALLIANCE-O1O4J

Last Buyer's Agent

SUSAN GIORDANO

LONG and FOSTER REAL ESTATE INC-Sea Isle City

LONG and FOSTER REAL ESTATE INC-Sea Isle City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,050

Year Built

  • Built in 1992

Lot Details

  • 3,485

Parking

  • 2 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Blinds
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,050

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 07/18/2022
  • Year Built: 1992
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Association

Lot Info

  • Location: Corner, Water View

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s), Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Sep 30, 2022
Sold by
Pelosi Lorraine S and Filimon Lorraine Pelosi
Bought by
Yahr Benjamin J and Yahr Linda M
Seller's Agent
Jeffrey Stull
CENTURY 21 ALLIANCE-O1O4J
Buyer's Agent
SUSAN GIORDANO
LONG and FOSTER REAL ESTATE INC-Sea Isle City
List Price
$949,900
Sold Price
$925,000
Premium/Discount to List
-$24,900
-2.62%
Views
51
Current Estimated Value
$1,237,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,841
Avg. Annual Appreciation
10.16%
Original Mortgage
$740,000
Outstanding Balance
$709,592
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$528,249

Purchase Details

Closed on
Jan 20, 1993
Bought by
Pelosi Lorraine S
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
Yahr Benjamin J $925,000 Infinity Title
Pelosi Lorraine S $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yahr Benjamin J $740,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2022 09/30/22 Sold $925,000 -2.6% --
09/02/2022 09/02/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $949,900 -- --
Source: South Jersey Shore Regional 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 $7,050 $628,300 $390,500 $237,800
2024 $7,050 $628,300 $390,500 $237,800
2023 $6,729 $628,300 $390,500 $237,800
2022 $6,030 $586,000 $390,500 $195,500
2021 $4,372 $586,000 $390,500 $195,500
2020 $5,731 $586,000 $390,500 $195,500
2019 $5,667 $586,000 $390,500 $195,500
2018 $5,614 $586,000 $390,500 $195,500
2017 $5,526 $586,000 $390,500 $195,500
2016 $5,315 $586,000 $390,500 $195,500
2015 $5,245 $586,000 $390,500 $195,500
2014 $5,169 $586,000 $390,500 $195,500
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Stull

    Seller's Agent in 2022

    Jeffrey Stull

    CENTURY 21 ALLIANCE-O1O4J

    (609) 214-5635

    25 in this area

    55 Total Sales

    Jeffrey Stull
    Section Image
  • SUSAN GIORDANO

    Buyer's Agent in 2022

    SUSAN GIORDANO

    LONG and FOSTER REAL ESTATE INC-Sea Isle City

    (609) 602-2684

    3 in this area

    134 Total Sales

    SUSAN GIORDANO
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 565253

South Jersey Shore Regional MLS

APN: 08-05702-0000-00002-0000-C1

New Jersey Cape May County Ocean City 08226

401 58th St Unit 1, Ocean City, NJ

This home is located at 401 58th St Unit 1, Ocean City, NJ 08226 since 18 July 2022 and is currently estimated at $1,237,841. This property was built in 1992. 401 58th St Unit 1 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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