NOT LISTED FOR SALE

5112 Asbury Ave Unit 1st Ocean City, NJ 08226

Estimated Value: $924,000 - $1,125,000

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

Last Sold May 25, 2023

Last sale price $800,000

Est. 25% increase in value since last sale

Current estimated payment $5,745/month

126 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Ground Level Unit
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Great Room
  • 5-minute walk to 49th Street Dog Run

About This Home

As of May 2023

Newly renovated 1st floor Condo one block to the Beach. This 3 bedroom 2 full bath condo is located on the desirable south end of Ocean City New Jersey. Walking distance to the Southend shopping and dining, a short bike ride to Corson's Inlet state park, just over the bridge from Strathmere/Sea Isle and of course just up the road from the world famous Ocean City Boardwalk. The kitchen was just completed with all new appliances and baths were recently updated as well, zero maintenance wood look flooring through out, crawlspace has new vapor barrier and dehumidifiers keeping the whole house dry. Two porches to enjoy your morning coffee, evening beverages and the cool ocean breezes.

Last Agent to Sell the Property

Thomas Tyrrell

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 12/03/2022

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,296

Lot Details

  • 3,006

Parking

  • Assigned Parking

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Gas Log Fireplace
  • Blinds
  • Great Room
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Overview

  • Association fees include insurance

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,296

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds
  • Lvt Date: 12/03/2022
  • Age: 25+ Years
  • 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: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Pantry, Primary Br On 1st Floor
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance
  • Management: Association

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2022
Closed on
May 25, 2023
Sold by
Gifford Richard Graham and Gifford Alisa Marie
Bought by
Milliken Patrick Joseph and Milliken Melissa J
Seller's Agent
Thomas Tyrrell
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Views
204
Current Estimated Value
$1,003,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,461
Avg. Annual Appreciation
9.86%
Original Mortgage
$600,000
Outstanding Balance
$583,316
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$420,145

Purchase Details

Listed on
Apr 6, 2021
Closed on
Jun 11, 2021
Sold by
Murray Gregory A and Murray Deborah A
Bought by
Gifford Alisa Marie and Gifford Richard Graham
Seller's Agent
Thomas Tyrrell
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Thomas Tyrrell
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$665,000
Sold Price
$675,000
Premium/Discount to List
$10,000
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
Original Mortgage
$641,250
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 3, 2007
Sold by
Valo Martha A
Bought by
Murray Gregory and Murray Debbie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,200
Interest Rate
9.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Milliken Patrick Joseph $800,000 Shore Title
Milliken Patrick Joseph $800,000 Shore Title
Gifford Alisa Marie $675,000 Murphy Kevin J
Gifford Alisa Marie $675,000 None Listed On Document
Murray Gregory $430,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milliken Patrick Joseph $600,000
Previous Owner Gifford Alisa Marie $641,250
Previous Owner Murray Gregory $275,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2023 05/25/23 Sold $800,000 -5.8% --
04/08/2023 04/08/23 Pending -- -- --
12/03/2022 12/03/22 For Sale $849,000 +25.8% --
06/11/2021 06/11/21 Sold $675,000 +2.4% -- View Prior Sale
05/13/2021 05/13/21 Price Changed $659,000 +3.0% --
05/09/2021 05/09/21 Pending -- -- --
04/26/2021 04/26/21 Price Changed $640,000 -2.9% --
04/10/2021 04/10/21 Price Changed $659,000 -0.9% --
04/06/2021 04/06/21 For Sale $665,000 -- --
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 $5,296 $472,000 $283,500 $188,500
2024 $5,296 $472,000 $283,500 $188,500
2023 $5,055 $472,000 $283,500 $188,500
2022 $4,857 $472,000 $283,500 $188,500
2021 $3,062 $410,500 $283,500 $127,000
2020 $4,015 $410,500 $283,500 $127,000
2019 $3,970 $410,500 $283,500 $127,000
2018 $3,933 $410,500 $283,500 $127,000
2017 $3,871 $410,500 $283,500 $127,000
2016 $3,723 $410,500 $283,500 $127,000
2015 $3,674 $410,500 $283,500 $127,000
2014 $3,621 $410,500 $283,500 $127,000
Source: Public Records

Agents Affiliated with this Home

  • Thomas Tyrrell

    Seller's Agent in 2023

    Thomas Tyrrell

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 425-9486

    10 in this area

    76 Total Sales

    Thomas Tyrrell
    Section Image

  • A

    Buyer's Agent in 2023

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 569348

South Jersey Shore Regional MLS

APN: 08-05103-0000-00019-0000-C1

New Jersey Cape May County Ocean City 08226

5112 Asbury Ave Unit 1st, Ocean City, NJ

This home is located at 5112 Asbury Ave Unit 1st, Ocean City, NJ 08226 since 03 December 2022 and is currently estimated at $1,003,461. 5112 Asbury Ave Unit 1st 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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