NOT LISTED FOR SALE

512 E 11th St Ocean City, NJ 08226

Estimated Value: $705,943 - $738,000

Studio
-- Bath
-- Sq Ft
1,830 Sq Ft Lot Lot

Sale Details

Date Sold: December 17, 2021

Last sale price $450,000

Est. 60% increase in value since last sale

Current estimated payment $4,251 / mo

40 Days on Market

Highlights

  • Great Room
  • Den
  • Laundry Room
  • Ocean City Primary School Rated A
  • Living Room
  • 4-minute walk to North Street Playground

About This Home

As of December 2021

Here Is Your Opportunity To Own A Multi-Family Unit In Downtown Ocean City! First Floor consists Of A Two Bedroom, Two Bathroom Unit. Second Floor Consists Of Two Separate One Bedroom, One Bathroom Units. This Property is A Rental Machine! Rent All Three Units Or Rent Two And Live In the Other! Located conveniently downtown, park your car and walk to the boardwalk or downtown Asbury Avenue. 510 11th Street Also Being Offered at $479,000.

Last Agent to Sell the Property

Ben Duncan

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave Listed on: 08/30/2021

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

Last Buyer's Agent

Brian Logue

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 22x84

Interior Spaces

  • Great Room
  • Living Room
  • Dining Area
  • Den

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Stone or Rock in Basement
  • Crawl Space

Utilities

  • Baseboard Heating
  • Gas Water Heater

Community Details

Overview

  • 3 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Lot Details

1,830 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Crawl Space, Masonry Floor/Wall, Outside Entrance
  • Other Rooms: Den/Tv Room, Dining Area, Great Room, Kitchen, Laundry/Utility Rm, Living Room

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 22x84

Rental Info

  • Rental Information: Monthly, Yearly

Multi Family

  • Number Of Units: 3
  • Number Of1 Bedroom Units: 2
  • Number Of2 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2025
Sold by
Cicone Jeffrey S and Cicone Julie
Bought by
Cicone Jeffrey S and Cicone Julie
Current Estimated Value
$721,972

Purchase Details

Listed on
Aug 30, 2021
Closed on
Dec 17, 2021
Sold by
Comfort Property Investments 1 Llc
Bought by
Cicone Jeffrey S and Cicone Julie
Seller's Agent
Ben Duncan
LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
Buyer's Agent
Brian Logue
BHHS FOX and ROACH-Simpson OC
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.23%

Purchase Details

Closed on
Apr 2, 2021
Sold by
Kelly Mary A and Kelly Daniel R
Bought by
Comfort Prop Invst 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 11, 1995
Sold by
Stuhlman William
Bought by
Kelly Daniel and Kelly Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
9.23%
Source: Public Records

Range of Values:

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

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
Cicone Jeffrey S -- None Listed On Document
Cicone Jeffrey S -- None Listed On Document
Cicone Jeffrey S $450,000 Batastini Jon D
Cicone Jeffrey S $450,000 Batastini Jon D
Cicone Jeffrey S $450,000 Batastini Jon D
Cicone Jeffrey S $450,000 Batastini Jon D
Comfort Prop Invst 1 Llc $420,000 Surety Title
Comfort Prop Invst 1 Llc $420,000 Surety Title
Kelly Daniel $90,900 --
Kelly Daniel $90,900 --
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
Previous Owner Comfort Prop Invst 1 Llc $294,000
Previous Owner Kelly Daniel $82,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $450,000 -6.1% --
10/09/2021 10/09/21 Pending -- -- --
09/14/2021 09/14/21 Price Changed $479,000 -4.0% --
08/30/2021 08/30/21 For Sale $499,000 -- --
Source: South Jersey Shore Regional MLS

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 $4,127 $367,800 $367,800 --
2024 $4,127 $367,800 $367,800 $0
2023 $3,939 $367,800 $367,800 $0
2022 $4,570 $444,100 $367,800 $76,300
2021 $3,313 $444,100 $367,800 $76,300
2020 $4,343 $444,100 $367,800 $76,300
2019 $4,294 $444,100 $367,800 $76,300
2018 $4,254 $444,100 $367,800 $76,300
2017 $4,188 $444,100 $367,800 $76,300
2016 $4,028 $444,100 $367,800 $76,300
2015 $3,975 $444,100 $367,800 $76,300
2014 $3,917 $444,100 $367,800 $76,300
Source: Public Records

Agents Affiliated with this Home

  • Ben Duncan

    Seller's Agent in 2021

    Ben Duncan

    LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

    (609) 600-7531

    12 in this area

    14 Total Sales

    Ben Duncan
    Section Image
  • Brian Logue

    Buyer's Agent in 2021

    Brian Logue

    BHHS Fox & Roach

    (609) 827-0820

    110 in this area

    198 Total Sales

    Brian Logue
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 554884

South Jersey Shore Regional MLS

APN: 08-01103-0000-00015

New Jersey Cape May County Ocean City 08226

512 E 11th St, Ocean City, NJ

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