NOT LISTED FOR SALE

Estimated Value: $276,000 - $317,000

1 Bed
1 Bath
355 Sq Ft
$178/mo HOA Fee

Last Sold November 02, 2023

Last sale price $290,000 $817 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,904/month

11 Days on Market

Highlights

  • Water Views
  • Island Location
  • Ground Level Unit
  • Property is near a beach
  • Furnished
  • Community Pool

About This Home

As of November 2023

The Oceanaire Condominiums is a well cared for complex with a professional property management company that takes care of all the maintenance and landscaping. Located one block to the beach this complex has a very solvent condo association and the $178.00 per month condo fee includes everything except cable. Included are fire and liability insurance, minimum flood insurance, water, sewer, fire inspection, pool maintenance, common exterior maintenance and landscaping, and common area electric. There are two sundecks, fenced in heated pool, new barbeque grills, patio areas with tables and chairs, owners' laundry, washers and dryers available for renters, sitting area in front of each unit and one assigned parking space. Located one block to the beach the Oceanaire is only a few blocks from the Hereford Inlet Lighthouse, the seawall, bike path, the amphitheater, restaurants and the entertainment area. This complex is located within a block to the beach and a block to the beach at the sea wall. This building is NOT a condotel. Buy the unit, use it, enjoy it or rent it.

Last Agent to Sell the Property

Diane Buscham

RE/MAX SURFSIDE License #0560047 Listed on: 09/09/2023

RE/MAX SURFSIDE

Last Buyer's Agent

Diane Buscham

RE/MAX SURFSIDE License #0560047 Listed on: 09/09/2023

RE/MAX SURFSIDE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,471

Year Built

  • Built in 1950

Lot Details

  • Seasonal Access to Property

HOA Fees

  • $178 Monthly HOA Fees

Interior Spaces

  • 355 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Living Room
  • Tile Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Property is near a beach
  • Property near a bay

Location

  • Ground Level Unit
  • Island Location

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 8 / 322

Community Details

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Additional Features

  • Building Patio
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,471

Year Built

Built in 1950

Lot Details

0

HOA Fees

$178 per month

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: Seasonal use only
  • Location: Island, Water View
  • District Township: 07-North Wildwood City
  • Also Includes: Blinds, Furniture
  • Estimated Year Built: 1950
  • Bay Proximity: 4 Blocks
  • Beach Proximity: 1 Block
  • New Construction: No
  • Pet Friendly: Owners allowed pets
  • OFFICELIST_ADDRESS2: The Oceanaire
  • Second Address Number: 422
  • Price per Sq Ft: 816.9
  • Selling Agent1: 2030
  • Selling Office1: 1003
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • CondoFeeFrequency: Monthly
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1950

Interior Features

  • Appliances Included: Microwave Oven, Refrigerator, Smoke/Fire Detector, Cooktop
  • Number Of Stories: One
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Bedrooms: 1
  • Estimated Living Sq Ft: 355
  • Other Rooms: Living Room, Eat In Kitchen

Garage/Parking

  • Parking: 1 Car, Assigned Parking

Utilities

  • Cooling: Wall Air Conditioning
  • Heating: Space/Wall/Floor
  • Hot Water: Gas
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Unit: 202
  • Common Area Features: Patio, Cable TV, Pool
  • Condo Fees: 178.00
  • Unit Features: Tile Floors
  • Unit Location: First Floor, Other (See Remarks)

Lot Info

  • Lot Number: 8

Tax Info

  • Taxes: 1471.12
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2023
Closed on
Nov 2, 2023
Sold by
Baptiste Glenn
Bought by
Iandolo Cheryl
Seller's Agent
Diane Buscham
RE/MAX SURFSIDE
Buyer's Agent
Diane Buscham
RE/MAX SURFSIDE
List Price
$294,900
Sold Price
$290,000
Premium/Discount to List
-$4,900
-1.66%
Views
77
Current Estimated Value
$299,293

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,293
Avg. Annual Appreciation
1.72%
Original Mortgage
$217,500
Outstanding Balance
$208,066
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$91,227

Purchase Details

Closed on
Apr 27, 2021
Sold by
Baptiste Jeannine
Bought by
Baptiste Glenn
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
Iandolo Cheryl $290,000 Surety Title
Baptiste Glenn -- None Available
Baptiste Glenn -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iandolo Cheryl $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $290,000 -1.7% $817 / Sq Ft
09/20/2023 09/20/23 Pending -- -- --
09/09/2023 09/09/23 For Sale $294,900 -- $831 / 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 $1,566 $100,900 $50,000 $50,900
2024 $1,566 $100,900 $50,000 $50,900
2023 $1,533 $100,900 $50,000 $50,900
2022 $1,471 $100,900 $50,000 $50,900
2021 $1,414 $100,900 $50,000 $50,900
2020 $1,363 $100,900 $50,000 $50,900
2019 $1,318 $100,900 $50,000 $50,900
2018 $1,280 $100,900 $50,000 $50,900
2017 $1,253 $100,900 $50,000 $50,900
2016 $1,229 $100,900 $50,000 $50,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 232413

Cape May County Association of REALTORS®

APN: 07-00322-0000-00008-0000-C0202