NOT LISTED FOR SALE

505 North St Ocean City, NJ 08226

Estimated Value: $1,139,000 - $1,414,000

-- Bed
-- Bath
-- Sq Ft
2,265 Sq Ft Lot

Last Sold June 22, 2020

Last sale price $537,500

Est. 131% increase in value since last sale

Current estimated payment $7,202/month

11 Days on Market

Highlights

  • Deck
  • Sun or Florida Room
  • Porch
  • Ocean City Primary School Rated A
  • Den
  • Attached Garage

About This Home

As of June 2020

INVESTOR ALERT What a great opportunity... Unique old Ocean City Gardens triplex. 1st floor features 2 garages and two 1 bedroom 1 Bath units with kitchens, dining areas and living rooms. 2nd Floor features large 3 Bedrooms 2 bath unit with living, dining and bonus room, attic, deck and covered porch. Property has brick & vinyl siding, parking for 2 and outside shower. Live in 1 unit and collect rent or buy as a great investment.

Last Agent to Sell the Property

RONALD C GIFFORD JR.

Compass New Jersey-Ocean City (O463E) Listed on: 01/28/2020

Last Buyer's Agent

Francis Davish

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,175

Year Built

  • Built in 1921

Lot Details

  • Lot Dimensions are 75 x 30

Parking

  • Attached Garage

Home Design

  • Triplex
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • Ceiling Fan
  • Dining Area
  • Den
  • Sun or Florida Room
  • Crawl Space
  • Storage In Attic
  • Storm Screens

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,175

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Triplex
  • Lvt Date: 01/28/2020
  • Year Built: 1921
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Area, Florida Room, Kitchen, Laundry/Utility Rm, Pantry, Storage Attic

Exterior Features

  • Outside Features: Deck, Outside Shower, Porch
  • Siding Exterior: Brick Face, Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Attached Garage

Utilities

  • Air Conditioner: Ceiling Fan(s), Window Units
  • Heating: Baseboard, Gas-Natural, Hot Water
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 75 X 30

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Electric, Gas, Heat, Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2020
Closed on
Jun 22, 2020
Sold by
Nussey Richard H
Bought by
Jamison Mark
Seller's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Francis Davish
Keller Williams Realty Jersey Shore-Ocean City
List Price
$549,900
Sold Price
$537,500
Premium/Discount to List
-$12,400
-2.25%
Current Estimated Value
$1,242,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$705,174
Avg. Annual Appreciation
17.60%
Original Mortgage
$527,764
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Listed on
Aug 22, 2014
Closed on
Nov 13, 2015
Sold by
Lehotzky Andrew and Larkin Maureen
Bought by
Nussey Richard H
Seller's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
List Price
$415,000
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.81%

Purchase Details

Closed on
Jul 31, 1998
Sold by
Chism Jeanne L
Bought by
Larkin Maureen and Lehotzky Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.92%
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
Jamison Mark $537,500 Misc Company
Nussey Richard H $415,000 None Available
Larkin Maureen $193,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jamieson Mark $534,500
Closed Jamieson Mark $527,930
Closed Jamison Mark $527,764
Previous Owner Larkin Maureen $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $537,500 -2.3% --
02/08/2020 02/08/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $549,900 +32.5% --
11/23/2015 11/23/15 Sold $415,000 0.0% --
09/24/2015 09/24/15 Pending -- -- --
08/22/2014 08/22/14 For Sale $415,000 -- --
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 $5,175 $461,200 $263,700 $197,500
2024 $5,175 $461,200 $263,700 $197,500
2023 $4,939 $461,200 $263,700 $197,500
2022 $4,746 $461,200 $263,700 $197,500
2021 $3,373 $461,200 $263,700 $197,500
2020 $4,511 $461,200 $263,700 $197,500
2019 $4,460 $461,200 $263,700 $197,500
2018 $4,418 $461,200 $263,700 $197,500
2017 $4,349 $461,200 $263,700 $197,500
2016 $4,183 $461,200 $263,700 $197,500
2015 $4,128 $461,200 $263,700 $197,500
2014 $4,068 $461,200 $263,700 $197,500
Source: Public Records

Agents Affiliated with this Home

  • RONALD C GIFFORD JR.

    Seller's Agent in 2020

    RONALD C GIFFORD JR.

    Compass New Jersey-Ocean City (O463E)

    (609) 425-2984

    115 in this area

    127 Total Sales

    RONALD C GIFFORD JR.
    Section Image
  • Francis Davish

    Buyer's Agent in 2020

    Francis Davish

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 398-9912

    88 in this area

    140 Total Sales

    Francis Davish
    Section Image
  • Cheryl Huber

    Seller's Agent in 2015

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    218 in this area

    329 Total Sales

    Cheryl Huber
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 533021

South Jersey Shore Regional MLS

APN: 08-00070-04-00002

New Jersey Cape May County Ocean City 08226

505 North St, Ocean City, NJ

This home is located at 505 North St, Ocean City, NJ 08226 since 28 January 2020 and is currently estimated at $1,242,674. This property was built in 1921. 505 North 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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