$1,687,500
SOLD MAY 27, 2021

505 E Atlantic Blvd Ocean City, NJ 08226

3 Beds
2.5 Baths
2,072 Sq Ft
6,578 Sq Ft Lot

Recently Sold

$814 Per Sq Ft

32% Below List Price

Highlights

  • Ranch Style House
  • Den
  • Patio
  • Ocean City Primary School Rated A
  • Porch
  • Laundry Room

About This Home

As of November 2022

This gardens rancher is situated on a desirable lot, measuring over 65X100 sq ft. The current home has 3 bedrooms, 2.5 baths, formal dining and living rooms, a den, kitchen and laundry/utility room on one level. The property has central air and gas, hot water baseboard heating and a new roof (2020).

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 03/08/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,818

Year Built

  • Built in 1957

Lot Details

  • Lot Dimensions are 65x100

Parking

  • 3 Parking Spaces

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • Dining Room
  • Den

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,818

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Age: 25+ Years
  • Estate: Yes
  • Lvt Date: 03/08/2021
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dryer, Electric Stove, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Tile, W/W Carpet
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Room, Laundry/Utility Room, Pantry

Exterior Features

  • Outside Features: Curbs, Patio, Porch, Sidewalks
  • Siding Exterior: Dryvit, Wood

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central
  • Heating: Baseboard, Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 65x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Nov 7, 2022
Sold by
V2 Properties Entity 7 Llc
Bought by
Dukart Michael S and Dukart Kimberly L
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Jason Frost
BHHS FOX and ROACH-Simpson OC
List Price
$3,595,000
Sold Price
$3,565,000
Premium/Discount to List
-$30,000
-0.83%
Views
71
Current Estimated Value
$3,279,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$285,790
Avg. Annual Appreciation
-2.82%
Original Mortgage
$2,673,750
Outstanding Balance
$2,535,302
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$743,908

Purchase Details

Listed on
Mar 8, 2021
Closed on
May 27, 2021
Sold by
Hay Helen N Est
Bought by
V2 Prop Entity 7 Llc
Seller's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$2,499,000
Sold Price
$1,687,500
Premium/Discount to List
-$811,500
-32.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.10%
Original Mortgage
$2,044,250
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 13, 2018
Sold by
Frank L Hay Ft
Bought by
Hay Helenn

Purchase Details

Closed on
Aug 14, 2000
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 Type Sale Price Title Company
Deed $3,565,000 --
Deed $1,687,500 Freedom Title
Deed $1,687,500 Freedom Title
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,673,750 New Conventional
Previous Owner $2,044,250 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2022 11/04/22 Sold $3,565,000 -0.8% $1,721 / Sq Ft View Prior Sale
08/18/2022 08/18/22 Pending -- -- --
08/03/2021 08/03/21 For Sale $3,595,000 +113.0% $1,735 / Sq Ft
05/27/2021 05/27/21 Sold $1,687,500 -15.6% $814 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/19/2021 03/19/21 Price Changed $1,999,000 -20.0% $965 / Sq Ft
03/08/2021 03/08/21 For Sale $2,499,000 -- $1,206 / 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 $25,818 $2,301,100 $807,500 $1,493,600
2024 $25,818 $2,301,100 $807,500 $1,493,600
2023 $8,648 $807,500 $807,500 $0
2022 $8,309 $807,500 $807,500 $0
2021 $9,067 $927,100 $807,500 $119,600
2020 $8,817 $927,100 $807,500 $119,600
2019 $8,715 $927,100 $807,500 $119,600
2018 $8,632 $927,100 $807,500 $119,600
2017 $8,493 $927,100 $807,500 $119,600
2016 $8,159 $927,100 $807,500 $119,600
2015 $8,048 $927,100 $807,500 $119,600
2014 $7,927 $927,100 $807,500 $119,600
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino

    Seller's Agent in 2022

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    362 in this area

    420 Total Sales

    Michael Contino
    Section Image
  • Jason Frost

    Buyer's Agent in 2022

    Jason Frost

    BHHS Fox & Roach

    (609) 335-2845

    140 in this area

    170 Total Sales

    Jason Frost
    Section Image
  • JOSEPH SHEPPARD

    Seller's Agent in 2021

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    76 in this area

    93 Total Sales

    JOSEPH SHEPPARD
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 548031

South Jersey Shore Regional MLS

APN: 08-00070-54-00007

New Jersey Cape May County Ocean City 08226

505 E Atlantic Blvd, Ocean City, NJ

This home is located at 505 E Atlantic Blvd, Ocean City, NJ 08226 and is currently priced at $1,687,500, approximately $814 per square foot. This property was built in 1957. 505 E Atlantic Blvd 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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