NOT LISTED FOR SALE

501 E 4th St Ocean City, NJ 08226

Estimated Value: $901,000 - $1,106,000

-- Bed
-- Bath
1,768 Sq Ft
$570/Sq Ft Est. Value

Last Sold January 22, 2021

Last sale price $575,000 $325 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,893/month

1 Day on Market

Highlights

  • The property is located in a historic district
  • Baseboard Heating
  • 2-minute walk to Lake Memorial Park
  • Ocean City Primary School Rated A

About This Home

As of January 2021

HISTORIC District Beauty! 2 Bedrooms and 2 Baths - all renovated 1st Floor. 2nd Floor is 2 bedrooms and 1 Bath with huge walk up attic with potential to make a Master Bedroom and another Full Bath. Great Outdoor Space with large porch/ balcony on 2nd Floor.

Last Agent to Sell the Property

Kimberly Mogan

Compass New Jersey-Ocean City (O463E) Listed on: 12/01/2020

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Janis Benstock

Settle Down NJ License #1756109

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,841

Lot Details

  • 2,483

Parking

  • 1 Parking Space

Home Design

  • Duplex
  • Vinyl Siding

Additional Features

  • Lot Dimensions are 50 x 50
  • The property is located in a historic district
  • Baseboard Heating

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,841

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 12/01/2020
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Historical District
  • Lot Dimensions: 50 x 50

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2020
Closed on
Jan 20, 2021
Sold by
Stites Gregory
Bought by
Robboy Caroline and Gearhart Peter
Seller's Agent
Kimberly Mogan
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Janis Benstock
Settle Down NJ
List Price
$624,900
Sold Price
$575,000
Premium/Discount to List
-$49,900
-7.99%
Current Estimated Value
$1,007,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,470
Avg. Annual Appreciation
12.97%

Purchase Details

Closed on
Dec 8, 2017
Sold by
Carroll Rubina Cooney and Dombrosky Rubina
Bought by
Stites Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$387,845
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 25, 1997
Sold by
Heist Thomas H
Bought by
Dembrosky Rubina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.86%
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
Robboy Caroline $575,000 None Available
Stites Gregory $395,000 Title Services
Dembrosky Rubina $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerhardt Peter $516,750
Previous Owner Stites Gregory $387,845
Previous Owner Dembrosky Rubina $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2021 01/22/21 Sold $575,000 -8.0% $325 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
12/01/2020 12/01/20 For Sale $624,900 -- $353 / Sq Ft
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 $4,841 $431,500 $266,400 $165,100
2024 $4,841 $431,500 $266,400 $165,100
2023 $4,621 $431,500 $266,400 $165,100
2022 $4,440 $431,500 $266,400 $165,100
2021 $3,114 $417,400 $266,400 $151,000
2020 $4,082 $417,400 $266,400 $151,000
2019 $4,036 $417,400 $266,400 $151,000
2018 $3,999 $417,400 $266,400 $151,000
2017 $3,936 $417,400 $266,400 $151,000
2016 $3,786 $417,400 $266,400 $151,000
2015 $3,736 $417,400 $266,400 $151,000
2014 $3,681 $417,400 $266,400 $151,000
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Mogan

    Seller's Agent in 2021

    Kimberly Mogan

    Compass New Jersey-Ocean City (O463E)

    (609) 214-8818

    1 in this area

    136 Total Sales

    Kimberly Mogan
    Section Image

  • J

    Buyer's Agent in 2021

    Janis Benstock

    Settle Down NJ

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 545102

South Jersey Shore Regional MLS

APN: 08-00306-0000-00001

New Jersey Cape May County Ocean City 08226

501 E 4th St, Ocean City, NJ

This home is located at 501 E 4th St, Ocean City, NJ 08226 since 01 December 2020 and is currently estimated at $1,007,470, approximately $569 per square foot. 501 E 4th St 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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