NOT LISTED FOR SALE

5240 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $789,405 - $906,000

3 Beds
2 Baths
1,190 Sq Ft
$696/Sq Ft Est. Value

About This Home

This home is located at 5240 West Ave Unit 1, Ocean City, NJ 08226 and is currently estimated at $828,601, approximately $696 per square foot. 5240 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2000
Sold by
Wade William
Bought by
Mcnichol William J
Current Estimated Value
$828,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$63,781
Interest Rate
8.1%
Estimated Equity
$764,820
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Mcnichol William J $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnichol William J $175,000
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 $3,933 $350,500 $216,000 $134,500
2024 $3,933 $350,500 $216,000 $134,500
2023 $3,754 $350,500 $216,000 $134,500
2022 $3,607 $350,500 $216,000 $134,500
2021 $2,582 $350,500 $216,000 $134,500
2020 $3,428 $350,500 $216,000 $134,500
2019 $3,389 $350,500 $216,000 $134,500
2018 $3,358 $350,500 $216,000 $134,500
2017 $3,305 $350,500 $216,000 $134,500
2016 $3,179 $350,500 $216,000 $134,500
2015 $3,137 $350,500 $216,000 $134,500
2014 $3,091 $350,500 $216,000 $134,500
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

5240 West Ave Unit 1, Ocean City, NJ

This home is located at 5240 West Ave Unit 1, Ocean City, NJ 08226 and is currently estimated at $828,601, approximately $696 per square foot. 5240 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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