NOT LISTED FOR SALE

5141 Central Ave Unit 43 Ocean City, NJ 08226

Estimated Value: $2,450,000 - $3,015,994

-- Bed
-- Bath
1,545 Sq Ft
$1,802/Sq Ft Est. Value

About This Home

This home is located at 5141 Central Ave Unit 43, Ocean City, NJ 08226 and is currently estimated at $2,783,749, approximately $1,801 per square foot. 5141 Central Ave Unit 43 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Wilkins H Jeffrey
Bought by
Ellen F Hummel Revocable Trust and Hummel
Current Estimated Value
$2,783,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Outstanding Balance
$1,334,578
Interest Rate
5.38%
Mortgage Type
New Conventional
Estimated Equity
$1,449,171

Purchase Details

Closed on
Sep 24, 2018
Sold by
Merkt Steven and Merkt Doreen
Bought by
Wilkins Jeffrey H and Wilkins Donna

Purchase Details

Closed on
Jun 1, 2012
Sold by
Macaluso Michael A
Bought by
Merkt Steven and Merkt Doreen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 26, 2008
Sold by
601 20Th Street Associates Llc
Bought by
Macaluso Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,470,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Ellen F Hummel Revocable Trust $3,250,000 Title Company Of Jersey
Ellen F Hummel Revocable Trust $3,250,000 Title Company Of Jersey
Wilkins Jeffrey H $2,050,000 --
Merkt Steven $1,750,000 Chicago Title Insurance Co
Macaluso Michael A $2,100,000 Fidelity Title Abstract Co
601 20Th Street Associates Llc -- Fidelity Title Abstract Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ellen F Hummel Revocable Trust $1,350,000
Previous Owner Merkt Steven $1,312,500
Previous Owner Macaluso Michael A $1,470,000
Source: Public Records

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 $17,395 $1,550,400 $860,000 $690,400
2024 $17,395 $1,550,400 $860,000 $690,400
2023 $16,605 $1,550,400 $860,000 $690,400
2022 $15,954 $1,550,400 $860,000 $690,400
2021 $11,566 $1,550,400 $860,000 $690,400
2020 $15,163 $1,550,400 $860,000 $690,400
2019 $14,992 $1,550,400 $860,000 $690,400
2018 $14,853 $1,550,400 $860,000 $690,400
2017 $14,620 $1,550,400 $860,000 $690,400
2016 $14,062 $1,550,400 $860,000 $690,400
2015 $13,876 $1,550,400 $860,000 $690,400
2014 $13,675 $1,550,400 $860,000 $690,400
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

5141 Central Ave Unit 43, Ocean City, NJ

This home is located at 5141 Central Ave Unit 43, Ocean City, NJ 08226 and is currently estimated at $2,783,749, approximately $1,801 per square foot. 5141 Central Ave Unit 43 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.

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.

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