NOT LISTED FOR SALE

5021 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,975,000 - $3,608,889

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

Last Sold March 27, 2020

Last sale price $999,000

Est. 171% increase in value since last sale

Current estimated payment $16,096/month

24 Days on Market

Highlights

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

About This Home

As of March 2020

Captured by the sights of the sea, this first floor oceanfront condo is tailored to exceed your demands! Amenities feature cedar impression vinyl siding, large exterior composite decking with direct beach access only steps away, off-street parking, outside shower and storage, direct ocean views, modern interior with hardwood flooring, gas fireplace, upgraded cabinetry, granite countertops, stainless steel appliances, spacious bedrooms, three full baths, beachy furnishings and decor, solid rental potential, and so much more. Come and see this phenomenal beachfront at a phenomenal price! It won't last...

Last Agent to Sell the Property

Matthew Bader

BERGER REALTY-Main Listed on: 12/20/2019

Last Buyer's Agent

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,366

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Recreation Room
  • Wood Flooring
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Gas Water Heater

Additional Features

  • Deck
  • Ocean Front
  • Ground Level Unit

Community Details

Amenities

  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$21,366

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 12/20/2019
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Other Rooms: Dining Area, Dining Room, Recreation/Family, Primary Br On 1st Floor
  • Common Area Features: Bulkheaded, Deck/Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Assigned, Carport

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Bulkheaded, Ocean Front

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2019
Closed on
Mar 23, 2020
Sold by
Beck Bethann and Monaco Joseph
Bought by
Weller Cherie A
Seller's Agent
Matthew Bader
BERGER REALTY-Main
Buyer's Agent
Ellen McGonigle
BHHS FOX and ROACH-Simpson OC
List Price
$1,149,000
Sold Price
$999,000
Premium/Discount to List
-$150,000
-13.05%
Current Estimated Value
$2,707,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,708,972
Avg. Annual Appreciation
19.61%
Original Mortgage
$300,000
Outstanding Balance
$265,186
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$2,442,786

Purchase Details

Closed on
Sep 20, 2014
Sold by
Meehan Michael P
Bought by
Beck Bethann and Monaco Joseph

Purchase Details

Closed on
Jul 22, 2005
Sold by
Millionaire Mom Llc
Bought by
Meehan Michael P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,413,600
Interest Rate
5.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 26, 2004
Sold by
Lasalle Real Estate Partners Llc
Bought by
Millionaire Mom Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
5.39%
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
Weller Cherie A $999,000 Freedom Title
Beck Bethann $999,999 None Available
Meehan Michael P $1,767,000 Ocean City Title Agency
Millionaire Mom Llc $1,330,000 Ocean City Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weller Cherie A $300,000
Previous Owner Meehan Michael P $1,413,600
Previous Owner Millionaire Mom Llc $930,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $999,000 -13.1% --
01/13/2020 01/13/20 Pending -- -- --
12/20/2019 12/20/19 For Sale $1,149,000 -- --
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 $21,366 $1,904,300 $860,000 $1,044,300
2024 $21,366 $1,904,300 $860,000 $1,044,300
2023 $9,211 $860,000 $860,000 $0
2022 $8,849 $860,000 $860,000 $0
2021 $7,339 $983,800 $774,000 $209,800
2020 $9,622 $983,800 $774,000 $209,800
2019 $9,513 $983,800 $774,000 $209,800
2018 $9,425 $983,800 $774,000 $209,800
2017 $9,277 $983,800 $774,000 $209,800
2016 $8,923 $983,800 $774,000 $209,800
2015 $8,805 $983,800 $774,000 $209,800
2014 $8,677 $983,800 $774,000 $209,800
Source: Public Records

Agents Affiliated with this Home

  • Matthew Bader

    Seller's Agent in 2020

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    61 in this area

    68 Total Sales

    Matthew Bader
    Section Image
  • Ellen McGonigle

    Buyer's Agent in 2020

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    71 in this area

    120 Total Sales

    Ellen McGonigle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 531629

South Jersey Shore Regional MLS

APN: 08-05001-0000-00007-0000-C1

New Jersey Cape May County Ocean City 08226

5021 Central Ave Unit 1, Ocean City, NJ

This home is located at 5021 Central Ave Unit 1, Ocean City, NJ 08226 since 20 December 2019 and is currently estimated at $2,707,972. 5021 Central 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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