NOT LISTED FOR SALE

509 E 16th St Unit 1 Ocean City, NJ 08226

Estimated Value: $694,377 - $981,000

3 Beds
1.5 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold May 24, 2019

Last sale price $392,500

Est. 107% increase in value since last sale

Current estimated payment $4,680/month

209 Days on Market

Highlights

  • Furnished
  • Ground Level Unit
  • Dining Room
  • Ocean City Primary School Rated A
  • Forced Air Heating and Cooling System
  • Community Deck or Porch

About This Home

As of May 2019

Charming 1st floor condo located only a short distance to Ocean City's 16th street beach and bardwalk. This 3 bedrooms 1 1/2 baths 1st floor condo is a great property. Park your car and walk to all of Ocean City's finest attractions! Property features large enclosed front deck, central air, and much more!

Last Agent to Sell the Property

Chip Collins

BERGER REALTY-Main Listed on: 09/14/2018

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,225

Lot Details

  • 2,701

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Dining Room
  • Carpet

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Parking Pad
  • Assigned Parking

Location

  • Ground Level Unit

Utilities

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

Community Details

Amenities

  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,225

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Furnished
  • Lvt Date: 09/14/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Dining Room
  • Common Area Features: Enclsd/Covered Porch

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car, Assigned, Parking Pad

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2004
Sold by
Fleming Lyne M
Bought by
Molyneaux Dennis J and Molyneaux Kathleen P
Current Estimated Value
$813,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Outstanding Balance
$134,861
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$678,233
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
Molyneaux Dennis J $390,000 --
Molyneaux Dennis J $390,000 Congress Title Division
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molyneaux Dennis J $312,000
Closed Molyneaux Dennis J $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2019 05/24/19 Sold $392,500 -1.9% --
04/11/2019 04/11/19 Pending -- -- --
04/03/2019 04/03/19 For Sale $399,900 0.0% --
03/18/2019 03/18/19 Pending -- -- --
03/13/2019 03/13/19 Price Changed $399,900 -2.4% --
10/04/2018 10/04/18 Price Changed $409,900 -3.5% --
09/14/2018 09/14/18 For Sale $424,900 -- --
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 $4,225 $376,600 $284,200 $92,400
2024 $4,225 $376,600 $284,200 $92,400
2023 $4,033 $376,600 $284,200 $92,400
2022 $3,875 $376,600 $284,200 $92,400
2021 $2,809 $376,600 $284,200 $92,400
2020 $3,683 $376,600 $284,200 $92,400
2019 $3,624 $374,800 $284,200 $90,600
2018 $3,591 $374,800 $284,200 $90,600
2017 $3,534 $374,800 $284,200 $90,600
2016 $3,399 $374,800 $284,200 $90,600
2015 $3,354 $374,800 $284,200 $90,600
2014 $3,306 $374,800 $284,200 $90,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chip Collins

    BERGER REALTY-Main

    (800) 427-0076

    53 in this area

    58 Total Sales

    Chip Collins
    Section Image
  • Robert Gullo

    Buyer's Agent in 2019

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    173 in this area

    184 Total Sales

    Robert Gullo
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 511183

South Jersey Shore Regional MLS

APN: 08-01502-0000-00002-0000-C1

New Jersey Cape May County Ocean City 08226

509 E 16th St Unit 1, Ocean City, NJ

This home is located at 509 E 16th St Unit 1, Ocean City, NJ 08226 since 14 September 2018 and is currently estimated at $813,094. 509 E 16th St 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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