NOT LISTED FOR SALE

5217 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,028,000 - $1,138,000

4 Beds
2 Baths
-- Sq Ft
3,615 Sq Ft Lot

Last Sold July 13, 2018

Last sale price $575,000

Est. 90% increase in value since last sale

Current estimated payment $6,315/month

34 Days on Market

Highlights

  • Deck
  • Furnished
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Outdoor Community Showers

About This Home

As of July 2018

Really nice four bedroom, two bath, fully elevated first floor. Located just two blocks from Ocean City's best beaches in the quiet, scenic South End! Newer kitchen with granite counter tops, stainless steel appliances and designer back splash, gorgeous hardwood floors and recessed lighting. The open floor plan living area makes entertaining a breeze! Nice front porch, vinyl siding and an enclosed shower in the garage which continues under the front of the house as a separate locked storage area.

Last Agent to Sell the Property

JOSEPH HEPNER III

BERGER REALTY-Main License #8738029 Listed on: 05/09/2018

Last Buyer's Agent

JOSEPH HEPNER III

BERGER REALTY-Main License #8738029 Listed on: 05/09/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,137

Lot Details

  • 3,615

Parking

  • 1.5 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Shades
  • Drapes & Rods
  • Blinds
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Storage Space

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pet Restriction

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,137

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Furnished, Rugs, Shades
  • Lvt Date: 05/11/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Great Room, Laundry/Utility Room
  • Common Area Features: Bulkheaded, Cable Tv, Deck/Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One And Half Car
  • Parking Exterior: One And Half Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2018
Closed on
Jun 22, 2018
Sold by
Catie Lucy
Bought by
Terra Paul S and Terra Marianne
Seller's Agent
JOSEPH HEPNER III
BERGER REALTY-Main
Buyer's Agent
JOSEPH HEPNER III
BERGER REALTY-Main
List Price
$600,000
Sold Price
$575,000
Premium/Discount to List
-$25,000
-4.17%
Current Estimated Value
$1,094,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$519,798
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
May 31, 2013
Sold by
Magarity John Joseph and Magarity Virginia Elizabeth
Bought by
Cattie Gary R and Cattie Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,800
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2011
Sold by
Joyce Gregory R and Joyce George E
Bought by
Magarity John Joseph and Magarity Virginia Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2008
Sold by
Palladinetti Mary
Bought by
Joyce Gregory R and Joyce George E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,500
Interest Rate
6.01%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 29, 2008
Sold by
Duzy Stanley and Duzy Claire
Bought by
Palladinetti Carl

Purchase Details

Closed on
Dec 3, 2004
Sold by
Duzy Stanley and Duzy Claire
Bought by
Palladinetti Carl

Purchase Details

Closed on
Oct 1, 2001
Sold by
Spragg Richard D
Bought by
Ranieri Joseph W
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
Terra Paul S $575,000 --
Cattie Gary R $550,000 North American Title
Magarity John Joseph $510,000 First American Title Ins Co
Joyce Gregory R $545,000 Foundation Title Llc
Palladinetti Mary -- Foundation Title Llc
Palladinetti Carl -- The Title Company Of Jersey
Palladinetti Carl $620,000 Independence Abstract & Titl
Ranieri Joseph W $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cattie Gary R $420,800
Previous Owner Magarity John Joseph $408,000
Previous Owner Palladinetti Mary $73,500
Previous Owner Joyce Gregory R $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2018 07/13/18 Sold $575,000 -1.7% --
05/14/2018 05/14/18 Price Changed $585,000 -2.5% --
05/09/2018 05/09/18 For Sale $600,000 -- --
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 $6,137 $547,000 $276,500 $270,500
2024 $6,137 $547,000 $276,500 $270,500
2023 $5,858 $547,000 $276,500 $270,500
2022 $5,629 $547,000 $276,500 $270,500
2021 $4,081 $547,000 $276,500 $270,500
2020 $5,350 $547,000 $276,500 $270,500
2019 $5,289 $547,000 $276,500 $270,500
2018 $5,240 $547,000 $276,500 $270,500
2017 $5,158 $547,000 $276,500 $270,500
2016 $4,961 $547,000 $276,500 $270,500
2015 $4,896 $547,000 $276,500 $270,500
2014 $4,825 $547,000 $276,500 $270,500
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JOSEPH HEPNER III

    BERGER REALTY-Main

    (609) 457-9457

    5 in this area

    5 Total Sales

    JOSEPH HEPNER III
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 505256

South Jersey Shore Regional MLS

APN: 08-05203-0000-00008-0000-C1

New Jersey Cape May County Ocean City 08226

5217 West Ave Unit 1, Ocean City, NJ

This home is located at 5217 West Ave Unit 1, Ocean City, NJ 08226 since 09 May 2018 and is currently estimated at $1,094,798. 5217 West Ave Unit 1 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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