NOT LISTED FOR SALE

5225 West Ave Unit 27 Ocean City, NJ 08226

Estimated Value: $1,093,000 - $1,316,000

-- Bed
-- Bath
1,379 Sq Ft
$874/Sq Ft Est. Value

About This Home

This home is located at 5225 West Ave Unit 27, Ocean City, NJ 08226 and is currently estimated at $1,204,798, approximately $873 per square foot. 5225 West Ave Unit 27 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 14, 2024
Sold by
Mihalich Joseph and Mihalich Mary
Bought by
Mihalich Family Irrevocable Trust and Mihalich
Current Estimated Value
$1,204,798

Purchase Details

Closed on
Sep 7, 2013
Sold by
Washco Alec W and Washco Helen
Bought by
Mihalich Joseph and Mihalich Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2003
Sold by
E A Panichi Company Llc
Bought by
Washco Alec W and Washco Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.88%
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
Mihalich Family Irrevocable Trust -- None Listed On Document
Mihalich Joseph $575,000 Freedom Title & Abstract Co
Washco Alec W $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mihalich Joseph $285,000
Previous Owner Washco Alec W $300,000
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 $6,441 $574,100 $276,500 $297,600
2024 $6,441 $574,100 $276,500 $297,600
2023 $6,149 $574,100 $276,500 $297,600
2022 $5,907 $574,100 $276,500 $297,600
2021 $4,283 $574,100 $276,500 $297,600
2020 $5,615 $574,100 $276,500 $297,600
2019 $5,552 $574,100 $276,500 $297,600
2018 $5,500 $574,100 $276,500 $297,600
2017 $5,414 $574,100 $276,500 $297,600
2016 $5,207 $574,100 $276,500 $297,600
2015 $5,138 $574,100 $276,500 $297,600
2014 $5,064 $574,100 $276,500 $297,600
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

5225 West Ave Unit 27, Ocean City, NJ

This home is located at 5225 West Ave Unit 27, Ocean City, NJ 08226 and is currently estimated at $1,204,798, approximately $873 per square foot. 5225 West Ave Unit 27 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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