NOT LISTED FOR SALE

4932 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,259,000

3 Beds
2 Baths
-- Sq Ft
0.69 Acres

Last Sold February 03, 2023

Last sale price $900,000

Est. 40% increase in value since last sale

Current estimated payment $7,682/month

79 Days on Market

Highlights

  • Ground Level Unit
  • Central Air
  • Gas Log Fireplace
  • Ocean City Primary School Rated A
  • Ceiling Fan
  • 1-minute walk to 49th Street Dog Run

About This Home

As of February 2023

South-end beauty! Check out this gorgeous 3 bed 2 bath first floor condo in the south end of Ocean City, NJ! One block to the beach. Built in 2007 by Gabriel Builders, a Masterpiece home! This unique first floor property has high ceilings & long windows in the open concept living room / kitchen / dining room; giving off tons of natural light. New AC 2021. New Microwave 2021. New Living room furniture & Area rug purchased in 2021. Rental machine- $40,000 in rental income Summer Season. Beautifully decorated, upgrades galore! This property is being sold fully furnished & ready to move in. Well- maintained, come check this property out, you wont be disappointed- it looks & feels brand new!

Last Agent to Sell the Property

Robert Idell

BHHS FOX and ROACH-Simpson OC Listed on: 09/23/2022

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Zoe Bourgeois

BHHS FOX and ROACH-West Ave OC

BHHS FOX and ROACH-West Ave OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,310

Lot Details

  • 0.69

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include air conditioning, heat

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,310

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Lvt Date: 09/23/2022
  • Age: 11 To 15 Years
  • 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

  • Fireplace: Built-In, Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Common Area Features: Cable Tv

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Air Conditioning, Heat

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2022
Closed on
Feb 3, 2023
Sold by
Schermerhorn Family Trust
Bought by
Laurence Chad and Laurence Ellen
Seller's Agent
Robert Idell
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Zoe Bourgeois
BHHS FOX and ROACH-West Ave OC
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%
Views
101
Current Estimated Value
$1,259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,000
Original Mortgage
$675,000
Outstanding Balance
$656,704
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 23, 2022
Closed on
Jan 26, 2023
Sold by
Schermerhom Family Trust
Bought by
4932-34 Asbury Avenue Condominium
Seller's Agent
Robert Idell
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Zoe Bourgeois
BHHS FOX and ROACH-West Ave OC
List Price
$990,000
Sold Price
$900,000
Premium/Discount to List
-$90,000
-9.09%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Outstanding Balance
$656,704
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1993
Sold by
Derousse Irma Et Als
Bought by
Schermerhorn James and Schermerhorn Beverly
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
Laurence Chad $900,000 --
4932-34 Asbury Avenue Condominium -- Freedom Title
Schermerhorn James $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laurence Chad $675,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2023 02/03/23 Sold $900,000 -1.1% --
12/11/2022 12/11/22 Pending -- -- --
12/02/2022 12/02/22 Price Changed $910,000 -4.1% --
10/13/2022 10/13/22 Price Changed $949,000 -4.1% --
09/23/2022 09/23/22 For Sale $990,000 -- --
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
2023 $12,310 $1,149,400 $567,000 $582,400
2022 $11,827 $1,149,400 $567,000 $582,400
2021 $8,574 $1,149,400 $567,000 $582,400
2020 $11,241 $1,149,400 $567,000 $582,400
2019 $11,115 $1,149,400 $567,000 $582,400
2018 $11,011 $1,149,400 $567,000 $582,400
2017 $10,839 $1,149,400 $567,000 $582,400
2016 $10,425 $1,149,400 $567,000 $582,400
2015 $10,287 $1,149,400 $567,000 $582,400
2014 $10,138 $1,149,400 $567,000 $582,400
Source: Public Records

Agents Affiliated with this Home

  • Robert Idell

    Seller's Agent in 2023

    Robert Idell

    BHHS Fox & Roach

    (856) 207-1670

    63 in this area

    84 Total Sales

    Robert Idell
    Section Image

  • Z

    Buyer's Agent in 2023

    Zoe Bourgeois

    BHHS Fox & Roach

    (609) 602-7392

    3 in this area

    3 Total Sales

    Zoe Bourgeois
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 567425

South Jersey Shore Regional MLS

APN: 08-04903-0000-00020

New Jersey Cape May County Ocean City 08226

4932 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 4932 Asbury Ave Unit 1, Ocean City, NJ 08226 since 23 September 2022 and is currently priced at $1,259,000. 4932 Asbury 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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