NOT LISTED FOR SALE

5058 Asbury Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $966,824 - $1,147,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold August 05, 2022

Last sale price $810,000

Est. 26% increase in value since last sale

Current estimated payment $5,890/month

Highlights

  • Unit is on the top floor
  • Cathedral Ceiling
  • Fireplace
  • Ocean City Primary School Rated A
  • Furnished
  • 4-minute walk to 49th Street Dog Run

About This Home

As of August 2022

Southern Belle! Airy Southend second floor condo with 3 BR and 2 Bath and a carport. This bright second floor has an updated kitchen with granite and a new skylight. There are ocean breezes from the 3 decks and a peek of the ocean from the roof top deck. The nice sized bedrooms all have roomy closets. Outside Shower and Storage Room with 2 closets- one for owner and one for guests. Vinyl railings and trek exterior stairs. Parking for 3 cars. This is the second house from the corner of 51st and Asbury with 6 houses to the beach! Furnished less a few personal items. Front Porch Awnings Coming Soon! Or Call for A Personal Tour. Rented 7/2 thru 8/27. Showings on Saturday 10 - 2 only. Call for appointment. Fireplace has not been used by current owners and is not guaranteed. Seasonal Leases for 4 weeks: 7/2, 7/16, 7/23, 7/30. Blue Striped Awnings will be installed Mid June.

Last Agent to Sell the Property

Sharon Grimes

BHHS FOX and ROACH-109 34th OC Listed on: 05/12/2022

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Amy Lombardo

Compass Real Estate-Sea Isle

Compass Real Estate-Sea Isle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,834

Year Built

  • Built in 1985

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Fireplace
  • Blinds
  • Dining Area

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport

Location

  • Unit is on the top floor

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,834

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 05/12/2022
  • Year Built: 1985
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars, Carport

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Fireplace(s), Master Bath, Pets Allowed, Skylight

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 30, 2022
Sold by
Sarelakos Katfiyrn F
Bought by
Allen Herodia and Allen Harry Lesley
Seller's Agent
Sharon Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Amy Lombardo
Compass Real Estate-Sea Isle
List Price
$849,000
Sold Price
$810,000
Premium/Discount to List
-$39,000
-4.59%
Current Estimated Value
$1,022,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,206
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Apr 11, 2016
Sold by
Web 183 Llc
Bought by
Sarelakos Nicholas C and Sarelakos Kathryn F

Purchase Details

Closed on
Oct 16, 2015
Sold by
Makos Michael J and Makos Doreen Z
Bought by
Web 183 Llc

Purchase Details

Closed on
Jun 1, 1998
Sold by
Bresnan Paul A
Bought by
Makos Michael J and Makos Doreen Z
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
Allen Herodia $810,000 Vernon Allen H
Sarelakos Nicholas C $452,500 None Available
Web 183 Llc -- None Available
Makos Michael J $197,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2022 08/05/22 Sold $810,000 -4.6% --
07/07/2022 07/07/22 Pending -- -- --
05/12/2022 05/12/22 For Sale $849,000 -- --
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 $5,834 $520,000 $283,500 $236,500
2024 $5,834 $520,000 $283,500 $236,500
2023 $5,569 $520,000 $283,500 $236,500
2022 $4,670 $453,800 $283,500 $170,300
2021 $4,561 $453,800 $283,500 $170,300
2020 $4,438 $453,800 $283,500 $170,300
2019 $4,388 $453,800 $283,500 $170,300
2018 $4,347 $453,800 $283,500 $170,300
2017 $4,279 $453,800 $283,500 $170,300
2016 $4,116 $453,800 $283,500 $170,300
2015 $4,062 $453,800 $283,500 $170,300
2014 $4,003 $453,800 $283,500 $170,300
Source: Public Records

Agents Affiliated with this Home

  • Sharon Grimes

    Seller's Agent in 2022

    Sharon Grimes

    BHHS Fox & Roach

    (609) 405-6200

    10 in this area

    10 Total Sales

    Sharon Grimes
    Section Image
  • Amy Lombardo

    Buyer's Agent in 2022

    Amy Lombardo

    Compass Real Estate-Sea Isle

    (609) 705-5101

    11 in this area

    71 Total Sales

    Amy Lombardo
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 562852

South Jersey Shore Regional MLS

APN: 08-05003-0000-00021-01-C2

New Jersey Cape May County Ocean City 08226

5058 Asbury Ave Unit 2, Ocean City, NJ

This home is located at 5058 Asbury Ave Unit 2, Ocean City, NJ 08226 since 12 May 2022 and is currently estimated at $1,022,206. This property was built in 1985. 5058 Asbury Ave Unit 2 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