NOT LISTED FOR SALE

509 E 16th St Unit 3rd Floor Ocean City, NJ 08226

Ocean City Area

Estimated Value: $827,561

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

Sale Details

Date Sold: December 30, 2020

Last sale price $407,500

Est. 103% increase in value since last sale

Current estimated payment $4,759 / mo

106 Days on Market

Highlights

  • Water Views
  • Unit is on the top floor
  • Corner Lot
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Furnished

About This Home

As of December 2020

Tremendous location! Just one street to the Beach and Boardwalk, this Third Floor Condo Features: 3 Bedrooms, 1.5 Baths, Spacious Newer Kitchen with Granite Countertops, Tile Backsplash, Newer Appliances, Large Covered Front Deck with Ocean Views, Hardwood Flooring in Living & dining Room, Newer Windows, Newer Gas Heat & AC systems, two (2) parking spots, Nicely Furnished & Decorated... Great Property! Great Value! Great Rental Potential! See you on the Beach!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 07/27/2020

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Cheryl Huber

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1920

Lot Details

  • 2,701

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Great Room
  • Dining Room
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Unit is on the top floor

Utilities

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

Community Details

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1920

Lot Details

2,701 Sq Ft Lot

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Year Built: 1920
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Other Rooms: Dining Room, Great Room, Laundry/Utility Room
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car

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

Lot Info

  • Location: Corner, Boardwalk Area, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Hardwood Floors, Pets Allowed, 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

Listed on
Jul 27, 2020
Closed on
Dec 30, 2020
Sold by
Smith Mark E
Bought by
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
List Price
$479,900
Sold Price
$407,500
Premium/Discount to List
-$72,400
-15.09%
Current Estimated Value
$827,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,061
Avg. Annual Appreciation
13.21%
Original Mortgage
$366,750
Outstanding Balance
$318,979
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$508,582

Purchase Details

Closed on
May 21, 2004
Sold by
Gray Scott A
Bought by
Smith Mark E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Ocean City, NJ

  • Jack Yerkes Real Estate Agent - Century 21 Rauh & Johns

    Jack Yerkes

    Responds Quickly

    Century 21 Rauh & Johns

    (856) 263-5989

    121 Total Sales

    1 in Ocean City

    $300,000 Price

    Jack Yerkes
     Section Image
  • Maria Doyle Real Estate Agent - Compass RE

    Maria Doyle

    Compass RE

    (484) 592-6091

    142 Total Sales

    2 in Ocean City

    $1M - $1.1M Price Range

    Maria Doyle
     Section Image
  • Jill Leap Real Estate Agent - Balsley-Losco Realtors

    Jill Leap

    Balsley-Losco Realtors

    (609) 798-7218

    87 Total Sales

    2 in Ocean City

    $600,000 Price Range

    Jill Leap
     Section Image
  • Ethel Hermenau Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    Ethel Hermenau

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (609) 739-9972

    77 Total Sales

    2 in Ocean City

    $375K - $540K Price Range

    Ethel Hermenau
     Section Image
  • Jaime Kravitz Real Estate Agent - DILORENZO REALTY GROUP, LLC

    Jaime Kravitz

    DILORENZO REALTY GROUP, LLC

    (609) 798-7506

    60 Total Sales

    1 in Ocean City

    $2,200,000 Price

    Jaime Kravitz
     Section Image
  • Naoji Moriuchi Real Estate Agent - Compass New Jersey, LLC - Moorestown

    Naoji Moriuchi

    Compass New Jersey, LLC - Moorestown

    (856) 452-4940

    288 Total Sales

    2 in Ocean City

    $1,249,000 Price Range

    Naoji Moriuchi
     Section Image
See All Agents

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
$407,500 Fidelity National Title
Smith Mark E $380,000 Surety Title Corporation
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 $366,750
Previous Owner Smith Mark E $304,000
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
12/30/2020 12/30/20 Sold $407,500 -5.2% --
11/10/2020 11/10/20 Pending -- -- --
10/24/2020 10/24/20 Price Changed $429,900 -1.2% --
10/17/2020 10/17/20 Price Changed $435,000 -1.1% --
09/25/2020 09/25/20 Price Changed $439,900 -5.4% --
08/26/2020 08/26/20 Price Changed $465,000 -3.1% --
07/27/2020 07/27/20 For Sale $479,900 -- --
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 $4,408 $392,900 $284,200 $108,700
2025 $4,408 $392,900 $284,200 $108,700
2024 $4,408 $392,900 $284,200 $108,700
2023 $4,208 $392,900 $284,200 $108,700
2022 $4,043 $392,900 $284,200 $108,700
2021 $2,931 $392,900 $284,200 $108,700
2020 $3,843 $392,900 $284,200 $108,700
2019 $3,799 $392,900 $284,200 $108,700
2018 $3,764 $392,900 $284,200 $108,700
2017 $3,705 $392,900 $284,200 $108,700
2016 $3,564 $392,900 $284,200 $108,700
2015 $3,516 $392,900 $284,200 $108,700
2014 $3,465 $392,900 $284,200 $108,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino Real Estate Agent - BHHS Fox & Roach

    Seller's Agent in 2020

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    347 Total Sales

    Michael Contino
    Section Image
  • Cheryl Huber Real Estate Agent - BHHS Fox & Roach

    Buyer's Agent in 2020

    Cheryl Huber

    BHHS Fox & Roach

    (609) 602-2322

    241 Total Sales

    Cheryl Huber
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 539799

South Jersey Shore Regional MLS

APN: 08-01502-0000-00002-0000-C3

New Jersey Cape May County Ocean City 08226

509 E 16th St Unit 3rd Floor, Ocean City, NJ

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.
© 2026 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.