NOT LISTED FOR SALE

5041 Central Ave Unit A (1st Floor) Ocean City, NJ 08226

Estimated Value: $2,055,000 - $2,762,000

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

Last Sold April 30, 2021

Last sale price $1,995,000

Est. 24% increase in value since last sale

Current estimated payment $14,314/month

Highlights

  • Ocean Front
  • Recreation Room
  • Attached Garage
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • 5-minute walk to 49th Street Dog Run

About This Home

As of April 2021

Become captured by the sights of the sea in this positively stunning oceanfront condo. Amenities feature fully elevated 1st floor with post card ocean views, Inspire composite slate roof and copper gutters, Hardy cement siding, Azek exterior trim and composite decking, large front and rear decks, custom bluestone pavers, Anderson 400 Series windows and doors with hurricane glass, private entrances and garage, ground level cabana and bath, gorgeous sweeping interior layout with views from every angle, gas fireplace, modern kitchen with stainless steel appliances, granite countertops, gas range, custom backsplash and kitchen cabinets, Noritz On-demand hot water heater, 4 spacious bedrooms with tons of closet space, 3 modern baths on the living level, being sold fully furnished and equipped minus a few personal exclusions, solid rental income makes this a phenomenal investment... This spectacular beachfront will not last...

Last Agent to Sell the Property

Chip Collins

BERGER REALTY-Main Listed on: 10/28/2020

Co-Listed By

Matthew Bader

BERGER REALTY-Main

Last Buyer's Agent

Tim McLaughlin

MONIHAN REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $15,246

Lot Details

  • 4,008

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Carpet
  • Water Views

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Assigned Parking

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Ocean Front
  • Ground Level Unit

Community Details

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$15,246

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 10/28/2020
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
  • Fireplace: Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Other Rooms: Dining Area, Dining Room, Recreation/Family, Master Br On 1st Floor

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Assigned

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Gas-Natural
  • 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, Kitchen Center Island, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2020
Closed on
Apr 28, 2021
Sold by
Ferguson Joseph D and Ferguson Michele A
Bought by
Park Daniel B and Park Rosalie
Seller's Agent
Chip Collins
BERGER REALTY-Main
Buyer's Agent
Tim McLaughlin
MONIHAN REALTY
List Price
$2,095,000
Sold Price
$1,995,000
Premium/Discount to List
-$100,000
-4.77%
Current Estimated Value
$2,467,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,300
Avg. Annual Appreciation
4.86%
Original Mortgage
$1,296,750
Outstanding Balance
$1,175,179
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,292,121

Purchase Details

Closed on
Mar 28, 2011
Sold by
Ferguson Joseph D and Ferguson Michele A
Bought by
Ferguson Joseph D and Ferguson Michele A

Purchase Details

Closed on
Jul 31, 2009
Sold by
Snyder John E and Snyder Joan A
Bought by
Ferguson Joseph D and Ferguson Michele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 1, 1991
Sold by
Booth Dorothy T
Bought by
Snyder John E and Snyder Joan A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Park Daniel B $1,995,000 The Title Company
Ferguson Joseph D -- None Available
Ferguson Joseph D $999,999 The Title Company Of Jersey
Snyder John E $370,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Daniel B $1,296,750
Previous Owner Ferguson Joseph D $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $1,995,000 -2.7% --
03/18/2021 03/18/21 Pending -- -- --
01/18/2021 01/18/21 Price Changed $2,050,000 -2.1% --
10/28/2020 10/28/20 For Sale $2,095,000 -- --
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 $15,246 $1,358,800 $834,200 $524,600
2024 $15,246 $1,358,800 $834,200 $524,600
2023 $14,553 $1,358,800 $834,200 $524,600
2022 $13,982 $1,358,800 $834,200 $524,600
2021 $10,099 $1,353,700 $774,000 $579,700
2020 $13,239 $1,353,700 $774,000 $579,700
2019 $13,090 $1,353,700 $774,000 $579,700
2018 $12,968 $1,353,700 $774,000 $579,700
2017 $12,765 $1,353,700 $774,000 $579,700
2016 $12,278 $1,353,700 $774,000 $579,700
2015 $12,116 $1,353,700 $774,000 $579,700
2014 $11,940 $1,353,700 $774,000 $579,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chip Collins

    BERGER REALTY-Main

    (800) 427-0076

    51 in this area

    56 Total Sales

    Chip Collins
    Section Image
  • Matthew Bader

    Seller Co-Listing Agent in 2021

    Matthew Bader

    BERGER REALTY-Main

    (609) 992-4380

    61 in this area

    68 Total Sales

    Matthew Bader
    Section Image
  • Tim McLaughlin

    Buyer's Agent in 2021

    Tim McLaughlin

    MONIHAN REALTY

    (609) 576-0002

    48 in this area

    62 Total Sales

    Tim McLaughlin
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 544040

South Jersey Shore Regional MLS

APN: 08-05001-0000-00002-0000-C1

New Jersey Cape May County Ocean City 08226

5041 Central Ave Unit A (1st Floor), Ocean City, NJ

This home is located at 5041 Central Ave Unit A (1st Floor), Ocean City, NJ 08226 since 28 October 2020 and is currently estimated at $2,467,300. 5041 Central Ave Unit A (1st Floor) 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes