NOT LISTED FOR SALE

5220 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $860,244 - $1,236,000

3 Beds
2 Baths
1,127 Sq Ft
3,006 Sq Ft Lot

Last Sold November 17, 2017

Last sale price $482,500 $428 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $5,885/month

18 Days on Market

Highlights

  • Island Location
  • Furnished
  • Living Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Storage Room

About This Home

As of November 2017

This home is located at 5220 Asbury Ave Unit 1, Ocean City, NJ 08226 since 23 September 2017 and is currently estimated at $1,028,061, approximately $912 per square foot. This property was built in 1999. 5220 Asbury 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.

Last Agent to Sell the Property

JOSEPH SHEPPARD

BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson Listed on: 09/23/2017

BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson

Last Buyer's Agent

Tim McLaughlin

MONIHAN REALTY, INC License #8632909

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,208

Year Built

  • Built in 1999

Lot Details

  • 3,006

Interior Spaces

  • 1,127 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Storage Room

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 3 Parking Spaces
  • Carport

Location

  • Ground Level Unit
  • Island Location

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 18 / 5203

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,208

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Class: CONDO/TOWNHOUSE
  • Type: Condo
  • Seasonal Year Round: YEAR ROUND USAGE
  • Location: Island
  • District Township: 08-Ocean City
  • Also Includes: Furniture
  • Estimated Year Built: 1999
  • Beach Proximity: 2 Blocks
  • New Construction: No
  • OFFICELIST_ADDRESS2: 1st Floor
  • Second Address Number: 5220
  • Price per Sq Ft: 428.13
  • Selling Agent1: 4375
  • Selling Office1: 103
  • OFFICELIST_STATE: NJ
  • Street Designation: Avenue
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0
  • Year Built: 1999

Interior Features

  • Appliances Included: Range, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Smoke/Fire Detector
  • Number Of Stories: One
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Estimated Living Sq Ft: 1127
  • Other Rooms: Living Room, Dining Room, Kitchen, Storage Space, 1st Floor Master Bedroom

Garage/Parking

  • Parking: Carport, 3 Car

Utilities

  • Cooling: Central Air, Ceiling Fan
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas
  • Sewer: Public
  • Water: Public

Condo/Co-op/Association

  • Unit: 1
  • Unit Features: Kitchen Center Island, Wall To Wall Carpet, Tile Floors
  • Unit Location: First Floor

Lot Info

  • Lot Number: 18
  • Total Assessment: 463900

Tax Info

  • Taxes: 4208
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2017
Closed on
Nov 16, 2017
Sold by
Squires Laurel T Dewolf and Squires Laurel D
Bought by
Nowmos Christopher G and Nowmos Dawn M
Seller's Agent
JOSEPH SHEPPARD
BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson
Buyer's Agent
Tim McLaughlin
MONIHAN REALTY, INC
List Price
$529,000
Sold Price
$482,500
Premium/Discount to List
-$46,500
-8.79%
Current Estimated Value
$1,028,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,561
Avg. Annual Appreciation
10.04%
Original Mortgage
$275,000
Outstanding Balance
$230,619
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$797,442
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
Nowmos Christopher G $482,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nowmos Christopher G $275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/17/2017 11/17/17 Sold $482,500 -8.8% $428 / Sq Ft
10/18/2017 10/18/17 Pending -- -- --
09/23/2017 09/23/17 For Sale $529,000 -- $469 / Sq Ft
Source: Cape May County Association of REALTORS®

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 $5,205 $463,900 $283,500 $180,400
2024 $5,205 $463,900 $283,500 $180,400
2023 $4,968 $463,900 $283,500 $180,400
2022 $4,774 $463,900 $283,500 $180,400
2021 $3,461 $463,900 $283,500 $180,400
2020 $4,537 $463,900 $283,500 $180,400
2019 $4,486 $463,900 $283,500 $180,400
2018 $4,444 $463,900 $283,500 $180,400
2017 $4,375 $463,900 $283,500 $180,400
2016 $4,208 $463,900 $283,500 $180,400
2015 $4,152 $463,900 $283,500 $180,400
2014 $4,092 $463,900 $283,500 $180,400
Source: Public Records

Agents Affiliated with this Home

  • JOSEPH SHEPPARD

    Seller's Agent in 2017

    JOSEPH SHEPPARD

    BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson

    (609) 602-0501

    76 in this area

    94 Total Sales

    JOSEPH SHEPPARD
    Section Image
  • Tim McLaughlin

    Buyer's Agent in 2017

    Tim McLaughlin

    MONIHAN REALTY, INC

    (609) 576-0002

    48 in this area

    62 Total Sales

    Tim McLaughlin
    Section Image
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Map

Source: Cape May County Association of REALTORS®

MLS Number: 178393

Cape May County Association of REALTORS®

APN: 08-05203-0000-00018-0000-C1

New Jersey Cape May County Ocean City 08226

5220 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 5220 Asbury Ave Unit 1, Ocean City, NJ 08226 since 23 September 2017 and is currently estimated at $1,028,061, approximately $912 per square foot. This property was built in 1999. 5220 Asbury 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.

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.

Cape May County Association of REALTORS® Broker Reciprocity: The data relating to real estate for sale or rent on this web site comes in part from the Broker Reciprocity program of the Cape May County Multiple Listing Service. Real estate listings held by brokerage firms other than Ten-X are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. This information is deemed reliable but not guaranteed. Representations as subject to verification by inspection and subject to change without notice. Some properties which appear for sale or rent on this website may no longer be available because they are under contract, have sold, or are no longer being offered for sale or rent. Information is deemed to be accurate but not guaranteed.

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