NOT LISTED FOR SALE

407 47th St Unit 1st Floor Ocean City, NJ 08226

Estimated Value: $1,330,000 - $2,162,000

5 Beds
3 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold December 27, 2012

Last sale price $825,000

Est. 109% increase in value since last sale

Current estimated payment $9,864/month

80 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Deck
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Multiple Fireplaces
  • 5-minute walk to 49th Street Dog Run

About This Home

As of December 2012

Absolutely beautiful, quiet Southend, 1st floor, with all the upgrades! Bring the whole family to enjoy the beach. Easy to get to Strathmere/SIC, stores, and just steps to the beach!! This is the perfect house. 5 bedrooms, 3 bathrooms, spacious living areas, big sun window, HW floors, granite countertops, 2 fireplaces, big master bed/bath, garage/parking, enclosed outdoor shower, large porch, CA, Vinyl siding/railings, and everything you want in a beach home! Amazing rental history! MUST SEE!!!! EZ to show!

Last Agent to Sell the Property

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 07/25/2012

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,133

Year Built

  • Built in 2004

Lot Details

  • 5,009

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

  • Outdoor Community Showers

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,133

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Year Built: 2004
  • Number Of Levels In Unit: Two
  • 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, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Gas Log, Living Room, More Than 1
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Other Rooms: Dining Area, Eat In Kitchen, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Beach Block

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2012
Closed on
Dec 27, 2012
Sold by
Bellwoar Robert G and Bellwoar Sally G
Bought by
Lomaistro Anthony and Lomaistro Joan
Seller's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$825,000
Sold Price
$825,000
Current Estimated Value
$1,721,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$896,920
Avg. Annual Appreciation
5.90%

Purchase Details

Closed on
Jul 28, 2004
Sold by
Fazzio Development Corp
Bought by
Bellwoar Robert G and Bellwoar Sally G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
3.68%
Mortgage Type
Purchase Money Mortgage
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
Lomaistro Anthony $825,000 Shore Title
Bellwoar Robert G $991,560 Congress Title Division
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bellwoar Robert G $692,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2012 12/27/12 Sold $825,000 0.0% --
10/13/2012 10/13/12 Pending -- -- --
07/25/2012 07/25/12 For Sale $825,000 -- --
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 $9,133 $814,000 $425,300 $388,700
2024 $9,133 $814,000 $425,300 $388,700
2023 $8,718 $814,000 $425,300 $388,700
2022 $8,376 $814,000 $425,300 $388,700
2021 $6,072 $814,000 $425,300 $388,700
2020 $7,961 $814,000 $425,300 $388,700
2019 $7,871 $814,000 $425,300 $388,700
2018 $7,798 $814,000 $425,300 $388,700
2017 $7,676 $814,000 $425,300 $388,700
2016 $7,383 $814,000 $425,300 $388,700
2015 $7,285 $814,000 $425,300 $388,700
2014 $7,179 $814,000 $425,300 $388,700
Source: Public Records

Agents Affiliated with this Home

  • Peter Madden

    Seller's Agent in 2012

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-4781

    128 in this area

    149 Total Sales

    Peter Madden
    Section Image
  • Michael Contino

    Buyer's Agent in 2012

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    358 in this area

    416 Total Sales

    Michael Contino
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 398274

South Jersey Shore Regional MLS

APN: 08-04602-0000-00001-0000-C1

New Jersey Cape May County Ocean City 08226

407 47th St Unit 1st Floor, Ocean City, NJ

This home is located at 407 47th St Unit 1st Floor, Ocean City, NJ 08226 since 25 July 2012 and is currently estimated at $1,721,920. This property was built in 2004. 407 47th St Unit 1st Floor 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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