NOT LISTED FOR SALE

5116 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,289,686 - $1,550,000

4 Beds
2 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold June 26, 2019

Last sale price $748,950

Est. 93% increase in value since last sale

Current estimated payment $8,248/month

57 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Ceiling Fan
  • Gas Log Fireplace
  • Ocean City Primary School Rated A

About This Home

As of June 2019

Beach block, 4 bed, 2 bathroom home in the Southend of Ocean City. This first-floor unit features an open floor plan with an abundance of fabulous features. Enter into the main living space with open concept living, dining & kitchen. Neutral paint and floors keep things light and bright. The living room boasts a cozy gas fireplace with tile surround and charming mantle. The newly updated kitchen boasts white shaker cabinetry complimented by corian counters, blue subway tile backsplash, and stainless appliances. The island provides additional storage, counter space and room for a quick snack or conversation atop the barstools. Spacious dining space is lined with windows allowing the natural light to pour in. The living room also boasts a wall of windows and sliding glass doors leading out to the covered deck. Up a few steps, all bedrooms and baths are privately tucked away. A spacious master suite with private bath is the perfect spot to unwind after a long night on the boardwalk. Three additional bedrooms share a large hall bath and laundry is easily accessible off the main hall as well. The air conditioner, furnace, and hot water heater are all 2 years old as are the kitchen appliances for added peace of mind! Anderson double pane windows throughout. No expense spared here! Driveway fits 3 cars with a portion of that covered! Great unit, great location, great purchase! Don't delay!

Last Agent to Sell the Property

jackie caponi

KELLER WILLIAMS REALTY-WASHINGTON TWP License #1861846 Listed on: 03/26/2019

KELLER WILLIAMS REALTY-WASHINGTON TWP

Last Buyer's Agent

jackie caponi

KELLER WILLIAMS REALTY-WASHINGTON TWP License #1861846 Listed on: 03/26/2019

KELLER WILLIAMS REALTY-WASHINGTON TWP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,071

Lot Details

  • 4,008

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Carport
  • Parking Pad

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,071

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 03/26/2019
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2

Garage/Parking

  • Parking Exterior: Three Or More Cars, Parking Pad, Carport

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2016
Sold by
5116-5118 Central Avenue Llc
Bought by
Jones John and Jones Donna
Current Estimated Value
$1,448,922

Purchase Details

Closed on
May 10, 1996
Sold by
Fralinger Daniel
Bought by
Dahmer Charles and Dahmer Janet
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
Jones John $600,000 Attorney
Dahmer Charles $544,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2019 06/26/19 Sold $748,950 -2.7% --
05/22/2019 05/22/19 Pending -- -- --
05/08/2019 05/08/19 Price Changed $769,900 -2.3% --
03/26/2019 03/26/19 For Sale $787,900 -- --
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 $7,071 $630,200 $410,000 $220,200
2024 $7,071 $630,200 $410,000 $220,200
2023 $6,749 $630,200 $410,000 $220,200
2022 $6,334 $630,200 $410,000 $220,200
2021 $4,701 $630,200 $410,000 $220,200
2020 $6,163 $630,200 $410,000 $220,200
2019 $5,779 $597,600 $410,000 $187,600
2018 $5,725 $597,600 $410,000 $187,600
2017 $5,635 $597,600 $410,000 $187,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 519701

South Jersey Shore Regional MLS

APN: 08 05102-0000-00018- 01-C1