NOT LISTED FOR SALE

48 W 16th St Ocean City, NJ 08226

Estimated Value: $1,746,000 - $3,182,000

5 Beds
3.5 Baths
2,100 Sq Ft
$1,174/Sq Ft Est. Value

Last Sold September 23, 2016

Last sale price $1,150,000 $548 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $14,066/month

153 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Deck
  • 5-minute walk to 14 Th Street Playground

About This Home

As of September 2016

This FABULOUS Bayfront Single Family Home has plenty to offer featuring 5 spacious bedrooms, 3 1/2 bathrooms with 2 Master Suites overlooking the bay. Enjoy the many benefits of being on the water with 2 LARGE boat slips – boating, kayaking, paddle boarding, fishing, crabbing and much more. Property offers maintenance free cedar impression siding (new 2010), gas heat, central a/c (new 2015), new bulkhead & decking (2012), floating dock system and boat slips. Entertain guests and take in the breathtaking sunsets from the multiple decks including a roof top deck with awesome views of the 4th of July fireworks. The Carnival Bayou is one of the largest lagoons on the island and is a Prime location for the annual Night-In-Venice boat parade. This spectacular property is a Perfect vacation retreat or year round residence. No damage from Sandy or Jonas!

Last Agent to Sell the Property

Francis Davish

Keller Williams Realty Jersey Shore-Ocean City Listed on: 03/06/2016

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

Kevin Decosta

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,627

Lot Details

  • Lot Dimensions are 38 x 108
  • Property Fronts a Bay or Harbor

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Blinds
  • Dining Area
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,627

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 11 To 15 Years
  • Also Includes: Blinds
  • Lvt Date: 03/13/2016
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Microwave, Refrigerator, Washer
  • Flooring: Hardwood, W/W Carpet
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Eat In Kitchen

Exterior Features

  • Outside Features: Boat Slip, Deck, Outside Shower
  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Water View
  • Lot Dimensions: 38 x 108
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2016
Closed on
Sep 23, 2016
Sold by
Mullineaux Thomas A and Jaffe Rae C
Bought by
Sage Timothy J and Sage Patricia D Carter
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Kevin Decosta
BHHS FOX and ROACH-109 34th OC
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$2,465,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,315,482
Avg. Annual Appreciation
8.74%
Original Mortgage
$337,000
Interest Rate
3.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 15, 1999
Sold by
Wilson C Leo
Bought by
Mullinezux Thomas A and Jaffe Rae C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.83%

Purchase Details

Closed on
Feb 25, 1999
Sold by
Sharpe Paul
Bought by
Wilson Leo and Wilson Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.76%
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
Sage Timothy J $150,000 None Available
Sage Timothy J $1,150,000 None Available
Mullinezux Thomas A $312,000 --
Wilson Leo $232,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sage Timothy J $337,000
Previous Owner Mullinezux Thomas A $150,000
Previous Owner Wilson Leo $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2016 09/23/16 Sold $1,150,000 0.0% $548 / Sq Ft
08/06/2016 08/06/16 Pending -- -- --
03/06/2016 03/06/16 For Sale $1,150,000 -- $548 / 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 $13,627 $1,214,500 $574,400 $640,100
2024 $13,627 $1,214,500 $574,400 $640,100
2023 $13,007 $1,214,500 $574,400 $640,100
2022 $12,497 $1,214,500 $574,400 $640,100
2021 $9,060 $1,214,500 $574,400 $640,100
2020 $11,878 $1,214,500 $574,400 $640,100
2019 $11,744 $1,214,500 $574,400 $640,100
2018 $11,635 $1,214,500 $574,400 $640,100
2017 $11,453 $1,214,500 $574,400 $640,100
2016 $11,016 $1,214,500 $574,400 $640,100
2015 $10,870 $1,214,500 $574,400 $640,100
2014 $10,712 $1,214,500 $574,400 $640,100
Source: Public Records

Agents Affiliated with this Home

  • Francis Davish

    Seller's Agent in 2016

    Francis Davish

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 398-9912

    78 in this area

    122 Total Sales

    Francis Davish
    Section Image
  • Kevin Decosta

    Buyer's Agent in 2016

    Kevin Decosta

    BHHS Fox & Roach

    (609) 602-2627

    77 in this area

    91 Total Sales

    Kevin Decosta
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 464418

South Jersey Shore Regional MLS

APN: 08-01608-0000-00033

New Jersey Cape May County Ocean City 08226

48 W 16th St, Ocean City, NJ

This home is located at 48 W 16th St, Ocean City, NJ 08226 since 06 March 2016 and is currently estimated at $2,465,482, approximately $1,174 per square foot. 48 W 16th St 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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