NOT LISTED FOR SALE

4908 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,394,362 - $1,718,000

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

Last Sold December 29, 2017

Last sale price $700,000

Est. 113% increase in value since last sale

Current estimated payment $8,462/month

63 Days on Market

Highlights

  • Deck
  • Recreation Room
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Main Floor Primary Bedroom
  • 1-minute walk to 49th Street Dog Run

About This Home

As of December 2017

Super clean first floor 4 bedroom, 2 bathroom condo located just steps to the 49th Street beach. Recently renovated kitchen with new counter tops, tile back splash, and all new appliances. Newer air conditioning system and hot water heater was just replaced. Spacious great room & bedrooms being offer furnished less some personal items. Private garage with storage, enclosed outdoor shower, and much more. Solid rental history from year to year makes this an excellent investment. This home is truly turn key ready. Easy to show!

Last Agent to Sell the Property

Gray Haenn

BERGER REALTY-Main Listed on: 09/22/2017

Co-Listed By

DONNA BROWN

BERGER REALTY-Main

Last Buyer's Agent

JEFFREY HAAS

BERGER REALTY-A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,664

Year Built

  • Built in 1999

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Recreation Room
  • Carpet

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Parking Pad

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch
  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,664

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 09/22/2017
  • Year Built: 1999
  • 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, Self Cleaning Oven, Washer
  • Fireplace: Family Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Dining Room, Recreation/Family, Primary Br On 1st Floor
  • Common Area Features: Deck/Porch, Enclsd/Covered Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: Two Car, Parking Pad

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2017
Closed on
Dec 27, 2017
Sold by
Morgan John A and Morgan Kimberly J
Bought by
Law Frank F and Law Karen J
Seller's Agent
Gray Haenn
BERGER REALTY-Main
Buyer's Agent
JEFFREY HAAS
BERGER REALTY-A
List Price
$700,000
Sold Price
$700,000
Current Estimated Value
$1,491,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$791,591
Avg. Annual Appreciation
10.14%
Original Mortgage
$424,100
Outstanding Balance
$357,524
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$1,134,067

Purchase Details

Closed on
Oct 2, 2004
Sold by
Iavarone Pasquale J and Iavarone Marylyn
Bought by
Morgan John A and Morgan Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2000
Sold by
Chase Andrew B
Bought by
Veneziano Sebastian and Veneziano Jacqueline
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
Law Frank F $700,000 North American Title Agency
Morgan John A $800,000 Congress Title Company
Veneziano Sebastian $409,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Law Frank F $424,100
Previous Owner Morgan John A $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $700,000 0.0% --
11/24/2017 11/24/17 Pending -- -- --
09/22/2017 09/22/17 For Sale $700,000 -- --
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 $7,664 $683,100 $410,000 $273,100
2024 $7,664 $683,100 $410,000 $273,100
2023 $7,316 $683,100 $410,000 $273,100
2022 $7,029 $683,100 $410,000 $273,100
2021 $5,096 $683,100 $410,000 $273,100
2020 $6,681 $683,100 $410,000 $273,100
2019 $6,606 $683,100 $410,000 $273,100
2018 $6,544 $683,100 $410,000 $273,100
2017 $6,442 $683,100 $410,000 $273,100
2016 $6,196 $683,100 $410,000 $273,100
2015 $6,114 $683,100 $410,000 $273,100
2014 $6,025 $683,100 $410,000 $273,100
Source: Public Records

Agents Affiliated with this Home

  • Gray Haenn

    Seller's Agent in 2017

    Gray Haenn

    BERGER REALTY-Main

    (215) 421-7609

    142 in this area

    162 Total Sales

    Gray Haenn
    Section Image

  • D

    Seller Co-Listing Agent in 2017

    DONNA BROWN

    BERGER REALTY-Main

    32 in this area

    35 Total Sales

    DONNA BROWN
    Section Image

  • J

    Buyer's Agent in 2017

    JEFFREY HAAS

    BERGER REALTY-A

    2 in this area

    2 Total Sales

    JEFFREY HAAS
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 494443

South Jersey Shore Regional MLS

APN: 08-04902-0000-00015-0000-C1

New Jersey Cape May County Ocean City 08226

4908 Central Ave Unit 1, Ocean City, NJ

This home is located at 4908 Central Ave Unit 1, Ocean City, NJ 08226 since 22 September 2017 and is currently estimated at $1,491,591. This property was built in 1999. 4908 Central Ave Unit 1 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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