NOT LISTED FOR SALE

5061 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $2,045,011 - $2,185,000

3 Beds
2 Baths
-- Sq Ft
3,615 Sq Ft Lot

Last Sold February 25, 2022

Last sale price $799,000

Est. 165% increase in value since last sale

Current estimated payment $12,087/month

Highlights

  • Wood Flooring
  • Ground Level Unit
  • Forced Air Heating and Cooling System
  • Ocean City Primary School Rated A
  • Kitchen Island
  • 4-minute walk to 49th Street Dog Run

About This Home

As of February 2022

Rare Opportunity! This deep southend, first floor is located on a 40’ x 90’ Corner lot just steps form Ocean City’s famous beaches. This immaculate oceanside retreat offers 3 bedrooms, 2 bathrooms, spacious floor plans, large decks, off street parking, central AC, gas heat and more.

Last Agent to Sell the Property

Patrick Halliday

BHHS FOX and ROACH-West Ave OC Listed on: 07/16/2021

BHHS FOX and ROACH-West Ave OC

Last Buyer's Agent

William Nagle

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St License #1436125

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,808

Year Built

  • Built in 1981

Lot Details

  • 3,615

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Parking Pad

Location

  • Ground Level Unit

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

$10,808

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 07/16/2021
  • Year Built: 1981
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

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

Exterior Features

  • Siding Exterior: Stucco

Garage/Parking

  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), 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: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Feb 25, 2022
Sold by
Amor Family Llc
Bought by
Kelly Thomas
Seller's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
Buyer's Agent
William Nagle
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$799,000
Sold Price
$799,000
Current Estimated Value
$2,116,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,317,003
Avg. Annual Appreciation
30.58%
Original Mortgage
$1,085,000
Outstanding Balance
$1,009,421
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$1,106,582

Purchase Details

Closed on
Jan 31, 2018
Sold by
Valerio Joseph and Valerio Michael
Bought by
Amor Family Llc

Purchase Details

Closed on
May 13, 2008
Sold by
Henkel Walter W and Russel A Valerio Family Trust
Bought by
Valerio Joseph and Valerio Michael

Purchase Details

Closed on
Dec 18, 1989
Sold by
Roma Steel Erection Inc
Bought by
Russel Valerio
Source: Public Records

Range of Values:

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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
Kelly Thomas $1,550,000 Infinity Title
Kelly Thomas $1,550,000 Infinity Title
Amor Family Llc $750,000 --
Valerio Joseph -- None Available
Russel Valerio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Thomas $1,085,000
Closed Kelly Thomas $1,085,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $799,000 0.0% --
01/23/2022 01/23/22 Pending -- -- --
07/16/2021 07/16/21 For Sale $799,000 -- --
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 $10,808 $963,300 $462,700 $500,600
2024 $10,808 $963,300 $462,700 $500,600
2023 $10,317 $963,300 $462,700 $500,600
2022 $8,823 $857,400 $462,700 $394,700
2021 $8,617 $857,400 $462,700 $394,700
2020 $8,385 $857,400 $462,700 $394,700
2019 $8,291 $857,400 $462,700 $394,700
2018 $8,214 $857,400 $462,700 $394,700
2017 $8,085 $857,400 $462,700 $394,700
2016 $7,777 $857,400 $462,700 $394,700
2015 $7,674 $857,400 $462,700 $394,700
2014 $7,562 $857,400 $462,700 $394,700
Source: Public Records

Agents Affiliated with this Home

  • Patrick Halliday

    Seller's Agent in 2022

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    218 in this area

    367 Total Sales

    Patrick Halliday
    Section Image

  • W

    Buyer's Agent in 2022

    William Nagle

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    4 in this area

    10 Total Sales

    William Nagle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 553135

South Jersey Shore Regional MLS

APN: 08-05003-0000-00001

New Jersey Cape May County Ocean City 08226

5061 West Ave Unit 1, Ocean City, NJ

This home is located at 5061 West Ave Unit 1, Ocean City, NJ 08226 since 16 July 2021 and is currently estimated at $2,116,003. This property was built in 1981. 5061 West Ave Unit 1 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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