NOT LISTED FOR SALE

4129 Central Ave Unit 31 Ocean City, NJ 08226

Estimated Value: $3,178,000 - $4,859,000

-- Bed
-- Bath
3,078 Sq Ft
$1,295/Sq Ft Est. Value

Last Sold January 20, 2017

Last sale price $2,300,000 $747 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $23,275/month

37 Days on Market

Highlights

  • Ocean Front
  • Beach Access
  • Furnished
  • Ocean City Primary School Rated A
  • Deck
  • Shades

About This Home

As of January 2017

Modern furnished beachfront duplex featuring 4 bedrooms 2.5 baths in each unit. Spectacular rental history with the potential to generate 150K in summer rentals. This fabulous oceanfront investment also features designer kitchens with granite, master bath with a Jacuzzi, 2 and a half baths and a fully turn key waterfront property! Attached 1 car garage for each unit and a breathtaking sky deck for the second floor with ocean views galore. If you're in the market for an entire oceanfront duplex, look no further. Rent one floor and stay in the other. Easy to show.

Last Agent to Sell the Property

Chris Benson

MONIHAN REALTY Listed on: 09/12/2016

Last Buyer's Agent

Chris Benson

MONIHAN REALTY Listed on: 09/12/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,793

Lot Details

  • Lot Dimensions are 40 x 100
  • Ocean Front

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Furnished
  • Insulated Windows
  • Shades
  • Drapes & Rods
  • Blinds
  • Living Room
  • Dining Area
  • Ocean Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Beach Access
  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,793

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Furnished, Rugs, Shades
  • Lvt Date: 09/12/2016
  • Age: 11 To 15 Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Eat In Kitchen, Kitchen, Living Room

Exterior Features

  • Outside Features: Beach Access, Deck, Outside Shower, Ocean View, Porch, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Location: Ocean Front
  • Lot Dimensions: 40 x 100

Rental Info

  • Rental Information: Seasonal

Multi Family

  • Number Of Units: 2
  • Number Of4 Bedroom Units: 2
  • Separate Meters: Cooling, Cable Tv, Electric, Gas, Heat, Hot Water, Sewer, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2016
Closed on
Jan 18, 2017
Sold by
4129 31 Central Ave Llc
Bought by
Atlantic Island Properties Llc
Seller's Agent
Chris Benson
MONIHAN REALTY
Buyer's Agent
Chris Benson
MONIHAN REALTY
List Price
$2,300,000
Sold Price
$2,300,000
Current Estimated Value
$3,984,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,684,490
Avg. Annual Appreciation
6.51%

Purchase Details

Closed on
Oct 19, 2007
Sold by
Claire Investments Llc
Bought by
4129-31 Central Ave Llc

Purchase Details

Closed on
Nov 15, 2002
Sold by
Tierney Brian P
Bought by
Claire Investments Llc

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
5.98%

Purchase Details

Closed on
Sep 10, 1993
Sold by
Pagano Russell
Bought by
Tierney Brian and Tierney Maude

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.21%

Purchase Details

Closed on
Oct 11, 1991
Sold by
Keesler Jr Frederick F
Bought by
Pagano Russell and Kathleen Mary
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Atlantic Island Properties Llc $2,300,000 The Title Company Of Jersey
4129-31 Central Ave Llc $2,800,000 Independence Abstract & Titl
Claire Investments Llc -- --
Tierney Brian $477,000 --
Pagano Russell $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Claire Investments Llc $650,000
Previous Owner Tierney Brian $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/20/2017 01/20/17 Sold $2,300,000 0.0% $747 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
09/12/2016 09/12/16 For Sale $2,300,000 -- $747 / Sq Ft
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 $24,793 $2,209,700 $1,668,400 $541,300
2024 $24,793 $2,209,700 $1,668,400 $541,300
2023 $23,666 $2,209,700 $1,668,400 $541,300
2022 $22,738 $2,209,700 $1,668,400 $541,300
2021 $22,207 $2,209,700 $1,668,400 $541,300
2020 $21,611 $2,209,700 $1,668,400 $541,300
2019 $21,368 $2,209,700 $1,668,400 $541,300
2018 $21,169 $2,209,700 $1,668,400 $541,300
2017 $20,837 $2,209,700 $1,668,400 $541,300
2016 $20,042 $2,209,700 $1,668,400 $541,300
2015 $19,777 $2,209,700 $1,668,400 $541,300
2014 $19,490 $2,209,700 $1,668,400 $541,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Chris Benson

    MONIHAN REALTY

    (609) 602-0808

    17 in this area

    17 Total Sales

    Chris Benson
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 474472

South Jersey Shore Regional MLS

APN: 08-04101-0000-00005

New Jersey Cape May County Ocean City 08226

4129 Central Ave Unit 31, Ocean City, NJ

This home is located at 4129 Central Ave Unit 31, Ocean City, NJ 08226 since 12 September 2016 and is currently estimated at $3,984,490, approximately $1,294 per square foot. 4129 Central Ave Unit 31 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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