NOT LISTED FOR SALE

5221 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $2,046,000 - $2,716,000

4 Beds
2.5 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold December 28, 2020

Last sale price $1,850,000

Est. 26% increase in value since last sale

Current estimated payment $13,294/month

Highlights

  • Ground Level Unit
  • Central Air
  • Wood Siding
  • Ocean City Primary School Rated A

About This Home

As of December 2020

A true southend gem, this charming first floor beachfront is more of a home than a second property. Featuring a gourmet kitchen with top-end appliances, you can see the beach while you're cooking. A generously-sized dining area and living room that overlook a porch and deck, with three traditional bedrooms plus an oversized fourth that is a combination second living room and bedroom with its own entrance. Features include hardwood floors, updated bathrooms plus a powder room, and garage, all at the popular 52nd Street beach. With $65,000+ in rental income.

Last Agent to Sell the Property

Brian Kolmer

BERGER REALTY-A Listed on: 10/24/2020

Last Buyer's Agent

Ellen Senft

BERGER REALTY-A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,635

Lot Details

  • 4,008

Home Design

  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Parking Pad

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,635

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 10/24/2020
  • Age: 25+ Years
  • 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: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Siding Exterior: Wood

Garage/Parking

  • Garage: Two Car
  • Parking Exterior: Parking Pad

Utilities

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

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2020
Closed on
Dec 28, 2020
Sold by
Surfdogs Heaven Llc
Bought by
Fenton-Luce Eric and Cubberley-Luce Jane
Seller's Agent
Brian Kolmer
BERGER REALTY-A
Buyer's Agent
Ellen Senft
BERGER REALTY-A
List Price
$1,974,900
Sold Price
$1,850,000
Premium/Discount to List
-$124,900
-6.32%
Current Estimated Value
$2,324,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,469
Avg. Annual Appreciation
4.86%
Original Mortgage
$1,295,000
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2013
Sold by
Callen William B and Cruz Cindi C
Bought by
Surfdogs Heaven Llc
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
Fenton-Luce Eric $1,850,000 Misc Company
Luce Eric Fenton $1,850,000 The Title Company
Surfdogs Heaven Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luce Eric Fenton $1,295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/28/2020 12/28/20 Sold $1,850,000 -6.3% --
11/15/2020 11/15/20 Pending -- -- --
10/24/2020 10/24/20 For Sale $1,974,900 -- --
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 $11,635 $1,037,000 $799,800 $237,200
2024 $11,635 $1,037,000 $799,800 $237,200
2023 $11,106 $1,037,000 $799,800 $237,200
2022 $10,671 $1,037,000 $799,800 $237,200
2021 $7,632 $1,023,100 $799,800 $223,300
2020 $10,006 $1,023,100 $799,800 $223,300
2019 $9,893 $1,023,100 $799,800 $223,300
2018 $9,801 $1,023,100 $799,800 $223,300
2017 $9,648 $1,023,100 $799,800 $223,300
2016 $9,280 $1,023,100 $799,800 $223,300
2015 $9,157 $1,023,100 $799,800 $223,300
2014 $9,024 $1,023,100 $799,800 $223,300
Source: Public Records

Agents Affiliated with this Home

  • Brian Kolmer

    Seller's Agent in 2020

    Brian Kolmer

    BERGER REALTY-A

    (609) 399-0040

    16 in this area

    16 Total Sales

    Brian Kolmer
    Section Image

  • E

    Buyer's Agent in 2020

    Ellen Senft

    BERGER REALTY-A

    13 in this area

    15 Total Sales

    Ellen Senft
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543911

South Jersey Shore Regional MLS

APN: 08-05201-0000-00011-0000-C1

New Jersey Cape May County Ocean City 08226

5221 Central Ave Unit 1, Ocean City, NJ

This home is located at 5221 Central Ave Unit 1, Ocean City, NJ 08226 since 24 October 2020 and is currently estimated at $2,324,469. 5221 Central 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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