NOT LISTED FOR SALE

500 34th St Unit 1 Ocean City, NJ 08226

Estimated Value: $1,443,000 - $1,919,000

5 Beds
4 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold June 25, 2021

Last sale price $1,275,000

Est. 37% increase in value since last sale

Current estimated payment $10,124/month

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Wood Flooring
  • 1-minute walk to Sand Castle Park

About This Home

As of June 2021

Fantastic Beach-Block Corner with all the space for your guests! Enjoy Ocean Breezes (and views) from this Beautiful 5 Bedroom, 4 Bath unit just steps to the Beach. Interior is well appointed; hardwood floors, spacious open floor plan, covered porch with Open Water Views, gas fireplace, and much more. Gourmet kitchen with custom cabinetry and a large center island w/extra seating. Private entrance on ground level, large ground level storage room with a full bath, attached garage (off-street parking), elevator, and more. Beautifully landscaped grounds, multiple outdoor spaces to enjoy and great location. Easy to Show! This one is a Must See. Perfect as a Seashore Retreat or Rental Property.

Last Agent to Sell the Property

Jason Frost

BHHS FOX and ROACH-Simpson OC Listed on: 03/29/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Jason Frost

BHHS FOX and ROACH-Simpson OC Listed on: 03/29/2021

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,610

Lot Details

  • 5,009

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Wood Flooring
  • Water Views
  • Washer

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Utilities

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

Additional Features

  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

Overview

  • Central Ave Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,610

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 04/02/2021
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 5
  • Full Bathrooms: 4

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Two Car, Assigned

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

  • Condo Name: Central Ave
  • Management: Association

Lot Info

  • Location: Beach Block, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Elevator, Fireplace(s), Hardwood Floors, Kitchen Center Island, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Jun 25, 2021
Sold by
R A & Margaret Rand Lt
Bought by
Mundy Leroy and Rodriguez Denise R
Seller's Agent
Jason Frost
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Jason Frost
BHHS FOX and ROACH-Simpson OC
List Price
$1,399,000
Sold Price
$1,275,000
Premium/Discount to List
-$124,000
-8.86%
Current Estimated Value
$1,751,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$476,613
Avg. Annual Appreciation
7.68%
Original Mortgage
$875,000
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2017
Sold by
Rand Richard A and Rand Margaret C
Bought by
Rand Richard A and Rand Margaret

Purchase Details

Closed on
Jan 2, 2001
Sold by
Fackenthal H Michael
Bought by
Rand Richard A and Rand Margaret C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.69%
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
Mundy Leroy $1,275,000 None Available
Mundy Leroy $1,275,000 New Title Company Name
Rand Richard A -- None Available
Rand Richard A $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mundy Leroy $875,000
Previous Owner Rand Richard A $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2021 06/25/21 Sold $1,275,000 -8.9% --
03/29/2021 03/29/21 For Sale $1,399,000 -- --
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 $9,610 $856,500 $452,500 $404,000
2024 $9,610 $856,500 $452,500 $404,000
2023 $9,173 $856,500 $452,500 $404,000
2022 $8,813 $856,500 $452,500 $404,000
2021 $8,604 $856,500 $452,500 $404,000
2020 $8,377 $856,500 $452,500 $404,000
2019 $8,282 $856,500 $452,500 $404,000
2018 $8,205 $856,500 $452,500 $404,000
2017 $8,077 $856,500 $452,500 $404,000
2016 $7,768 $856,500 $452,500 $404,000
2015 $7,666 $856,500 $452,500 $404,000
2014 $7,554 $856,500 $452,500 $404,000
Source: Public Records

Agents Affiliated with this Home

  • Jason Frost

    Seller's Agent in 2021

    Jason Frost

    BHHS Fox & Roach

    (609) 335-2845

    141 in this area

    171 Total Sales

    Jason Frost
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 548963

South Jersey Shore Regional MLS

APN: 08-03401-0000-00010-0000-C1

New Jersey Cape May County Ocean City 08226

500 34th St Unit 1, Ocean City, NJ

This home is located at 500 34th St Unit 1, Ocean City, NJ 08226 since 29 March 2021 and is currently estimated at $1,751,613. 500 34th St 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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