NOT LISTED FOR SALE

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

Ocean City Area

Estimated Value: $1,148,401

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

Sale Details

Date Sold: May 24, 2019

Last sale price $392,500

Est. 193% increase in value since last sale

Current estimated payment $6,447 / mo

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

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Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,534

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

Listing and Financial Details

  • Legal Lot and Block 2-c1 / 1502

Community Details

Amenities

  • Community Deck or Porch

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,534

Lot Details

2,701 Sq Ft Lot

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Furnished
  • 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

Lot Info

  • Lot Number: 2-c1

Rental Info

  • Pets: Yes

Tax Info

  • Year: 2017
  • Taxes: 3534

Multi Family

  • Unit Features: Wall To Wall Carpet

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2004
Sold by
Bought by
Current Estimated Value
$1,148,401

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
$123,927
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,024,474
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$390,000 Congress Title Division
$390,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $312,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $4,225 $376,600 $284,200 $92,400
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

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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

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