NOT LISTED FOR SALE

5122 West Ave Unit 2nd Floor Ocean City, NJ 08226

Estimated Value: $787,000 - $886,000

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

Last Sold November 06, 2020

Last sale price $550,000

Est. 51% increase in value since last sale

Current estimated payment $4,785/month

Highlights

  • Unit is on the top floor
  • Cathedral Ceiling
  • Outdoor Community Showers
  • Ocean City Primary School Rated A
  • Great Room
  • Forced Air Heating and Cooling System

About This Home

As of November 2020

This turnkey, 2nd floor property is located in the desirable and quiet Southend of Ocean City. The unit has 3 bedrooms and 2 full bathrooms-including a master bedroom with en-suite bath, vaulted ceilings, built-in gas fireplace and an open concept great room. The exterior features front and rear decks, outdoor shower, carport parking for at least 2 cars, and plenty of storage. Just steps from the best beaches in Ocean City and with a solid rental history, this condo is perfect for 2nd home, investment, or year round living!

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 09/05/2020

BHHS FOX and ROACH-Simpson OC

Co-Listed By

IAN WILLS

BHHS FOX and ROACH-Simpson OC License #1864275

Last Buyer's Agent

Kevin Gillespie

RE/MAX AT THE SEA - Sea Isle

RE/MAX AT THE SEA - Sea Isle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,700

Year Built

  • Built in 1994

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Storage In Attic

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport
  • Assigned Parking

Location

  • Unit is on the top floor

Utilities

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

Community Details

Overview

  • West Ave Condos

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,700

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Partially Furnished
  • Lvt Date: 09/05/2020
  • Year Built: 1994
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor, Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Storage Attic
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car, Assigned, Carport

Utilities

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

Condo/Co-op/Association

  • Condo Name: West Ave
  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Fireplace(s), Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2001
Sold by
Miller Gary J
Bought by
Tyran James
Current Estimated Value
$831,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Outstanding Balance
$80,427
Interest Rate
7%
Estimated Equity
$750,634
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
Tyran James $280,000 --
Tyran James $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tyran James $224,000
Closed Tyran James $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2020 11/06/20 Sold $550,000 +6.0% --
09/14/2020 09/14/20 Pending -- -- --
09/05/2020 09/05/20 For Sale $519,000 -- --
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 $4,700 $418,900 $216,000 $202,900
2024 $4,700 $418,900 $216,000 $202,900
2023 $4,486 $418,900 $216,000 $202,900
2022 $4,310 $418,900 $216,000 $202,900
2021 $3,125 $418,900 $216,000 $202,900
2020 $4,097 $418,900 $216,000 $202,900
2019 $4,051 $418,900 $216,000 $202,900
2018 $4,013 $418,900 $216,000 $202,900
2017 $3,950 $418,900 $216,000 $202,900
2016 $3,799 $418,900 $216,000 $202,900
2015 $3,749 $418,900 $216,000 $202,900
2014 $3,695 $418,900 $216,000 $202,900
Source: Public Records

Agents Affiliated with this Home

  • JOSEPH SHEPPARD

    Seller's Agent in 2020

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    76 in this area

    96 Total Sales

    JOSEPH SHEPPARD
    Section Image
  • IAN WILLS

    Seller Co-Listing Agent in 2020

    IAN WILLS

    BHHS Fox & Roach

    (215) 519-2182

    7 in this area

    9 Total Sales

    IAN WILLS
    Section Image
  • Kevin Gillespie

    Buyer's Agent in 2020

    Kevin Gillespie

    RE/MAX AT THE SEA - Sea Isle

    (609) 425-0477

    8 in this area

    14 Total Sales

    Kevin Gillespie
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 541666

South Jersey Shore Regional MLS

APN: 08-05104-0000-00014-01-C2

New Jersey Cape May County Ocean City 08226

5122 West Ave Unit 2nd Floor, Ocean City, NJ

This home is located at 5122 West Ave Unit 2nd Floor, Ocean City, NJ 08226 since 05 September 2020 and is currently estimated at $831,061. This property was built in 1994. 5122 West Ave Unit 2nd Floor 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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