NOT LISTED FOR SALE

5037 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $845,260 - $927,000

3 Beds
2 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold October 08, 2020

Last sale price $560,000

Est. 61% increase in value since last sale

Current estimated payment $5,194/month

Highlights

  • Furnished
  • Ground Level Unit
  • 1 Car Attached Garage
  • Ocean City Primary School Rated A
  • Outdoor Community Showers
  • 4-minute walk to 49th Street Dog Run

About This Home

As of October 2020

All things considered, “Almost Perfect” describes this 3 BR, 2 BA, meticulously maintained first floor property on the ocean side of West Ave. Remodeled just 3 years ago including new HVAC system, new hot water heater, all new kitchen cabinets, countertops, and appliances, as well as all new furniture and window coverings. Other features include a very inviting front porch, a divided garage wall, front and side entrances, and a location just a couple blocks from a great south end beach. Current owners do not rent but could also be a great investment property. Hurry on this one, especially if you missed out on a previous one. Easy to show.

Last Agent to Sell the Property

CHARLES (BUD) RINCK

FOX REAL ESTATE-Asbury Listed on: 08/20/2020

Last Buyer's Agent

Joseph Babcock

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,087

Year Built

  • Built in 1999

Lot Details

  • 2,701

Parking

  • 1 Car Attached Garage

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Blinds
  • Living Room with Fireplace
  • Dining Area
  • Carpet

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Overview

  • West Ave Condos

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,087

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 08/20/2020
  • Year Built: 1999
  • 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, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Gas Log, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Stucco, Vinyl

Garage/Parking

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

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: West Ave
  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2020
Closed on
Oct 8, 2020
Sold by
Mcknight Francis and Mcknight Maureen
Bought by
Oller James and Oller Christine
Seller's Agent
CHARLES (BUD) RINCK
FOX REAL ESTATE-Asbury
Buyer's Agent
Joseph Babcock
BHHS FOX and ROACH-Simpson OC
List Price
$569,900
Sold Price
$560,000
Premium/Discount to List
-$9,900
-1.74%
Current Estimated Value
$902,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$342,315
Avg. Annual Appreciation
9.93%
Original Mortgage
$360,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2017
Sold by
Pennymac Corporation
Bought by
Mcknight Francis and Mc Knight Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2016
Sold by
Certo Peter A and Certo Anne E
Bought by
Pennymac Corp

Purchase Details

Closed on
Apr 7, 2005

Purchase Details

Closed on
Mar 26, 1999
Sold by
Hoff James
Bought by
Lummis Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
6.83%
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
Oller James $560,000 None Available
Mcknight Francis $365,000 None Available
Pennymac Corp -- None Available
-- $650,000 --
Lummis Donald $78,125 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oller James $360,000
Previous Owner Mcknight Francis $292,000
Previous Owner Lummis Donald $133,500
Closed Pennymac Corp --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2020 10/08/20 Sold $560,000 -1.7% --
08/24/2020 08/24/20 Pending -- -- --
08/20/2020 08/20/20 For Sale $569,900 -- --
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 $5,087 $453,400 $207,400 $246,000
2024 $5,087 $453,400 $207,400 $246,000
2023 $4,856 $453,400 $207,400 $246,000
2022 $4,665 $453,400 $207,400 $246,000
2021 $3,235 $433,700 $207,400 $226,300
2020 $4,242 $433,700 $207,400 $226,300
2019 $4,194 $433,700 $207,400 $226,300
2018 $4,155 $433,700 $207,400 $226,300
2017 $4,090 $433,700 $207,400 $226,300
2016 $3,934 $433,700 $207,400 $226,300
2015 $3,882 $433,700 $207,400 $226,300
2014 $3,825 $433,700 $207,400 $226,300
Source: Public Records

Agents Affiliated with this Home

  • CHARLES (BUD) RINCK

    Seller's Agent in 2020

    CHARLES (BUD) RINCK

    FOX REAL ESTATE-Asbury

    (609) 442-1291

    19 in this area

    40 Total Sales

    CHARLES (BUD) RINCK
    Section Image
  • Joseph Babcock

    Buyer's Agent in 2020

    Joseph Babcock

    BHHS Fox & Roach

    (609) 513-2519

    27 in this area

    30 Total Sales

    Joseph Babcock
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 540908

South Jersey Shore Regional MLS

APN: 08-05003-0000-00006-0000-C1

New Jersey Cape May County Ocean City 08226

5037 West Ave Unit 1, Ocean City, NJ

This home is located at 5037 West Ave Unit 1, Ocean City, NJ 08226 since 20 August 2020 and is currently estimated at $902,315. This property was built in 1999. 5037 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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