NOT LISTED FOR SALE

5009 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $2,202,915 - $3,248,000

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

Last Sold July 08, 2019

Last sale price $1,620,000

Est. 65% increase in value since last sale

Current estimated payment $15,383/month

174 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Furnished
  • Ocean City Primary School Rated A
  • Wood Flooring
  • 3-minute walk to 49th Street Dog Run

About This Home

As of July 2019

BEACHFRONT! Great 4 Bedroom, 3 Bath home in the Southend of Ocean City. This first floor unit features an open floor plan with amazing ocean views! Lower level offers garage, foyer space, cabana room and full bathroom. An elevator provides easy access up to the main living space. Hardwood floors flow throughout this entire level. Living room boasts gas fireplace and is adjacent to the dining room. Both spaces offer french doors leading to a large deck making for panoramic views across the ocean. Open concept flow allows the kitchen to flow together gracefully with these two spaces and an island provides just the right amount of definition of spaces and additional seating! Bright white cabinetry is accented by granite counters, tile backsplash and stainless appliances. A spacious master suite with private bath is the perfect spot to unwind after a long night on the boardwalk. Three additional bedrooms share a large hall bath with double vanity. Outside, plenty of patio space is located beneath the deck which provides an abundance of shade. Or, hang out on the additional deck situated atop the sand, overlooking the stunning ocean. Solid rental history, settle quickly to line up summer rentals. Great unit, great location, great purchase! Don't delay!

Last Agent to Sell the Property

jackie caponi

KELLER WILLIAMS REALTY-WASHINGTON TWP License #1861846 Listed on: 12/05/2018

KELLER WILLIAMS REALTY-WASHINGTON TWP

Last Buyer's Agent

jackie caponi

KELLER WILLIAMS REALTY-WASHINGTON TWP License #1861846 Listed on: 12/05/2018

KELLER WILLIAMS REALTY-WASHINGTON TWP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,555

Lot Details

  • 4,008

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ocean Front
  • Ground Level Unit

Community Details

Amenities

  • Building Patio
  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,555

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Lvt Date: 12/05/2018
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: Two
  • 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: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Other Rooms: Dining Room, Eat In Kitchen, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Elevator, Patio

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Utilities

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

Lot Info

  • Location: Ocean Front, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Elevator, Fireplace(s), Foyer, Hardwood Floors, Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2015
Sold by
Constantino Frank and Constantino Jill J
Bought by
Tornetta Joseph P and Joseph P Tornetta Living Trust
Current Estimated Value
$2,680,729

Purchase Details

Closed on
Dec 8, 2006
Sold by
Schneider Thomas S and Schneider Douglas K
Bought by
Constantino Frank and Constantino Jill J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
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
Tornetta Joseph P $1,392,500 Patriot Land Transfer Llc
Constantino Frank $1,738,300 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Constantino Frank $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2019 07/08/19 Sold $1,620,000 -1.8% --
05/28/2019 05/28/19 Pending -- -- --
03/19/2019 03/19/19 Price Changed $1,649,900 -1.5% --
01/31/2019 01/31/19 Price Changed $1,674,900 -1.5% --
12/05/2018 12/05/18 For Sale $1,699,900 -- --
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 $14,555 $1,297,200 $834,200 $463,000
2024 $14,555 $1,297,200 $834,200 $463,000
2023 $13,893 $1,297,200 $834,200 $463,000
2022 $13,348 $1,297,200 $834,200 $463,000
2021 $9,677 $1,297,200 $834,200 $463,000
2020 $12,687 $1,297,200 $834,200 $463,000
2019 $12,496 $1,292,200 $834,200 $458,000
2018 $12,379 $1,292,200 $834,200 $458,000
2017 $12,185 $1,292,200 $834,200 $458,000
2016 $11,720 $1,292,200 $834,200 $458,000
2015 $11,549 $1,290,400 $834,200 $456,200
2014 $11,381 $1,290,400 $834,200 $456,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 514764

South Jersey Shore Regional MLS

APN: 08-05001-0000-00010-0000-C1