NOT LISTED FOR SALE

401 59th St Unit 401 59th 1st Ocean City, NJ 08226

Estimated Value: $1,108,676 - $1,414,000

4 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold November 19, 2012

Last sale price $525,000

Est. 140% increase in value since last sale

Current estimated payment $7,198/month

230 Days on Market

Highlights

  • Corner Lot
  • Ground Level Unit
  • Kitchen Island
  • Ocean City Primary School Rated A
  • Bathroom on Main Level
  • Forced Air Heating and Cooling System

About This Home

As of November 2012

Location, Location, Location! 1 of a kind corner lot! Southern most point in OCNJ. Boasts 4 spacious bedrooms 2 full baths. 1 tub & 1 Shower, Also private Outdoor enclosed shower. Economic Gas Forced Air Heat and Central Air. Gas H/W Heater. 2 Fiberglass decks w/ Vinyl Rails.Enjoy the unobstructed breezes and a wonderful sense of Serenity. A true Seashore Getaway. Easy to show.

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 02/17/2012

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

John Woolam

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,273

Year Built

  • Built in 1988

Lot Details

  • 4,008

Home Design

  • Cedar Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Dining Area

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Bathroom on Main Level
  • 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

  • Asbury Ave Condos

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,273

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Curtains, Partially Furnished, Rugs
  • Year Built: 1988
  • Age: 21 To 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: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Wood Burning
  • Bedrooms: 4
  • Bedroom 1: Size: 12.2 X 12.4, On Level: Main
  • Bedroom 2: Size: 14.7 X 13.1, On Level: Main
  • Bedroom 3: Size: 14.7 X 9.11, On Level: Main
  • Bedroom 4: Size: 11 X 10, On Level: Main
  • Full Bathrooms: 2
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Main
  • Dining Room: Size: 12.9 X 11.5, On Level: Main
  • Kitchen: Size: 13.10 X 9.7, On Level: Main
  • Living Room: Size: 19.6 X 13.8, On Level: Main
  • Other Rooms: Dining Area

Exterior Features

  • Siding Exterior: Cedar, Vinyl

Utilities

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

Condo/Co-op/Association

  • Condo Name: Asbury Ave
  • Management: Co-Owner

Lot Info

  • Location: Corner

Multi Family

  • Unit Features: Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2012
Closed on
Nov 5, 2012
Sold by
Gaskins Irene W
Bought by
Schmauk Frederick G and Schmauk Patricia A
Seller's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
John Woolam
BHHS FOX and ROACH-109 34th OC
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$1,258,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,919
Avg. Annual Appreciation
7.03%
Original Mortgage
$367,500
Outstanding Balance
$65,311
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$1,193,608

Purchase Details

Closed on
Jul 8, 1988
Sold by
Williams David and Williams Margaret
Bought by
Gaskins Richrd and Gaskins Irene
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
Schmauk Frederick G $525,000 None Available
Gaskins Richrd $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmauk Frederick G $367,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2012 11/19/12 Sold $525,000 0.0% --
10/04/2012 10/04/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $525,000 -- --
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 $6,273 $559,100 $396,900 $162,200
2024 $6,273 $559,100 $396,900 $162,200
2023 $5,988 $559,100 $396,900 $162,200
2022 $5,753 $559,100 $396,900 $162,200
2021 $4,171 $559,100 $396,900 $162,200
2020 $5,468 $559,100 $396,900 $162,200
2019 $5,407 $559,100 $396,900 $162,200
2018 $5,356 $559,100 $396,900 $162,200
2017 $5,272 $559,100 $396,900 $162,200
2016 $5,071 $559,100 $396,900 $162,200
2015 $5,004 $559,100 $396,900 $162,200
2014 $4,931 $559,100 $396,900 $162,200
Source: Public Records

Agents Affiliated with this Home

  • JOSEPH SHEPPARD

    Seller's Agent in 2012

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    77 in this area

    94 Total Sales

    JOSEPH SHEPPARD
    Section Image

  • J

    Buyer's Agent in 2012

    John Woolam

    BHHS Fox & Roach

    (609) 665-2031

    5 in this area

    7 Total Sales

    John Woolam
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 390643

South Jersey Shore Regional MLS

APN: 08-05802-0000-00001-0000-C401

New Jersey Cape May County Ocean City 08226

401 59th St Unit 401 59th 1st, Ocean City, NJ

This home is located at 401 59th St Unit 401 59th 1st, Ocean City, NJ 08226 since 17 February 2012 and is currently estimated at $1,258,919. This property was built in 1988. 401 59th St Unit 401 59th 1st 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.

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