NOT LISTED FOR SALE

505 Saint Davids Place Unit 7 Ocean City, NJ 08226

Estimated Value: $2,227,000 - $3,196,000

4 Beds
3.5 Baths
1,810 Sq Ft
$1,524/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $2,875,000 $1,588 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $16,307/month

19 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Furnished
  • Forced Air Zoned Cooling and Heating System
  • Ocean City Primary School Rated A
  • Burglar Security System
  • 4-minute walk to 49th Street Dog Run

About This Home

As of June 2023

Breathtaking beachside single located in the desired Neal Tract is custom built by Joey Gavranich in 2020 is appointed with the finest finishes throughout. This meticulously kept 4 bed, 3.5 bath home is on a raised elevation to maximize ocean views, four stop private elevator, large single car garage with Tesla charger, custom milled open staircase, luxury vinyl flooring throughout with matching tile flooring in foyer, custom window treatments, 2 panel solid core doors, three bedrooms with private decks, northside third level bedroom includes en suite bath, fabulous ocean views for the master suite and south side bedroom on second level with expanded decks, spa like bathrooms, lots of closets, including master walk in, spacious great room with stunning top level living area with vaulted ceiling, 16 ft slider to front ocean porch, breathless ocean views, spectacular sunsets, gorgeous kitchen with quartz countertops and tile backsplash, under cabinet lighting, stainless GE Cafe appliances, Sub-Zero wine cooler, Bosch dishwasher, Sharp microwave drawer, GE stackable washer/dryer, soft close Shaker Style cabinetry, custom stained glass, two high efficiency Mitsubishi recessed ceiling cassettes in great room and one wall mount in foyer, high efficient Lennox HVAC system provides comfort for levels two and three, digital Wi-Fi thermostats control all systems, enclosed outside shower, monitored security system, including cameras, quality furnishings and so much more. This spectacular property has never been rented. Become captivated by the serenity of the sea in a home designed to surpass your expectations here at 505 St Davids Place

Last Agent to Sell the Property

David Zelinski

BERGER REALTY-E Listed on: 04/06/2023

Last Buyer's Agent

Ken Sedberry

BERGER REALTY-Main

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,714

Year Built

  • Built in 2020

Lot Details

  • Lot Dimensions are 30x65
  • Building is beachfront but unit may not have water views

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Furnished
  • Gas Log Fireplace
  • Vinyl Flooring
  • Burglar Security System

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,714

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 2 To 5 Years
  • Also Includes: Furnished
  • Lvt Date: 04/07/2023
  • Year Built: 2020
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm
  • Fireplace: Gas Log
  • Flooring: Vinyl
  • Interior Amenities: Elevator
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 30x65
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jun 30, 2023
Sold by
Burns David M and Burns Cheryl F
Bought by
Lewis Robert D and Lewis Celine P
Seller's Agent
David Zelinski
BERGER REALTY-E
Buyer's Agent
Ken Sedberry
BERGER REALTY-Main
List Price
$2,949,999
Sold Price
$2,875,000
Premium/Discount to List
-$74,999
-2.54%
Views
52
Current Estimated Value
$2,758,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$116,616
Avg. Annual Appreciation
-1.82%
Original Mortgage
$1,200,000
Outstanding Balance
$1,163,042
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$1,595,342

Purchase Details

Closed on
Nov 4, 2010
Sold by
Robinson Eve
Bought by
Burns David M and Burns Cheryl F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$896,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 11, 1996
Sold by
Robinson Martha H
Bought by
Robinson Robert and Robinson Eve M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
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 Buyer Sale Price Title Company
Lewis Robert D $2,875,000 The Title Company
Burns David M $1,330,000 Surety Title Agency Of Atlan
Robinson Robert $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Robert D $1,200,000
Previous Owner Burns David M $896,000
Previous Owner Robinson Robert $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $2,875,000 -2.5% $1,588 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $2,949,999 -- $1,630 / 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 $20,714 $1,846,200 $1,045,800 $800,400
2024 $20,714 $1,846,200 $1,045,800 $800,400
2023 $19,773 $1,846,200 $1,045,800 $800,400
2022 $18,997 $1,846,200 $1,045,800 $800,400
2021 $13,773 $1,846,200 $1,045,800 $800,400
2020 $10,313 $1,054,500 $1,054,500 $0
2019 $12,401 $1,282,400 $1,054,500 $227,900
2018 $12,285 $1,282,400 $1,054,500 $227,900
2017 $12,093 $1,282,400 $1,054,500 $227,900
2016 $11,631 $1,282,400 $1,054,500 $227,900
2015 $11,477 $1,282,400 $1,054,500 $227,900
2014 $11,311 $1,282,400 $1,054,500 $227,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 572870

South Jersey Shore Regional MLS

APN: 08-04701-01-00006