NOT LISTED FOR SALE

4940 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $690,678 - $907,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold April 16, 2020

Last sale price $360,000

Est. 117% increase in value since last sale

Current estimated payment $4,398/month

120 Days on Market

Highlights

  • Ground Level Unit
  • Great Room
  • Laundry Room
  • Ocean City Primary School Rated A
  • Eat-In Kitchen
  • 2-minute walk to 49th Street Dog Run

About This Home

As of April 2020

Southend "Best Buy" 3 Bedroom 2 Bath 1st Floor Condo. This Beauty Features: Newer Kitchen with Granite Countertops, Newer Appliances, Large Dining Area, Spacious Living Room, Updated Bathrooms, Central Air, Gas Heat, Cozy Front Porch, Enclosed Outdoor Shower, Storage, Fully Furnished, Off-Street Parking, Views of the Bay out Back and just 2 streets to the beach. Great Value! (lowest Priced 3 bedroom in the Southend) Outstanding Summer Rentals! Great Property! (Mint Condition) See you on the Beach!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 10/16/2019

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,505

Year Built

  • Built in 1969

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Blinds
  • Great Room
  • Dining Area
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Parking Pad

Location

  • Ground Level Unit

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,505

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 10/17/2019
  • Year Built: 1969
  • Age: 25+ 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

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, 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: Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2011
Sold by
Barilotti Michael and Barilotti Paula
Bought by
Frankunes Michael J and Brandreth Mary Elizabeth
Current Estimated Value
$782,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Outstanding Balance
$169,160
Interest Rate
4.51%
Mortgage Type
New Conventional
Estimated Equity
$613,760

Purchase Details

Closed on
Mar 4, 1991
Sold by
Forstburg Robert B
Bought by
Forstburg Robert B
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
Frankunes Michael J $320,000 Shore Title
Forstburg Robert B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frankunes Michael J $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2020 04/16/20 Sold $360,000 -5.2% --
02/13/2020 02/13/20 Pending -- -- --
12/07/2019 12/07/19 For Sale $379,900 0.0% --
11/19/2019 11/19/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $379,900 -- --
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 $3,505 $312,400 $216,000 $96,400
2024 $3,505 $312,400 $216,000 $96,400
2023 $3,346 $312,400 $216,000 $96,400
2022 $3,215 $312,400 $216,000 $96,400
2021 $3,055 $312,400 $216,000 $96,400
2020 $3,055 $312,400 $216,000 $96,400
2019 $3,021 $312,400 $216,000 $96,400
2018 $2,993 $312,400 $216,000 $96,400
2017 $2,946 $312,400 $216,000 $96,400
2016 $2,833 $312,400 $216,000 $96,400
2015 $2,796 $312,400 $216,000 $96,400
2014 $2,755 $312,400 $216,000 $96,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino

    Seller's Agent in 2020

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    357 in this area

    415 Total Sales

    Michael Contino
    Section Image
  • Cheryl Huber

    Buyer's Agent in 2020

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    209 in this area

    316 Total Sales

    Cheryl Huber
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 529480

South Jersey Shore Regional MLS

APN: 08-04904-0000-00024-0000-C1

New Jersey Cape May County Ocean City 08226

4940 West Ave Unit 1, Ocean City, NJ

This home is located at 4940 West Ave Unit 1, Ocean City, NJ 08226 since 16 October 2019 and is currently estimated at $782,920. This property was built in 1969. 4940 West 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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