NOT LISTED FOR SALE

5259 West Ave Unit 5259 Ocean City, NJ 08226

Estimated Value: $855,000 - $908,000

3 Beds
2 Baths
-- Sq Ft
2,701 Sq Ft Lot

Last Sold December 19, 2022

Last sale price $715,000

Est. 25% increase in value since last sale

Current estimated payment $5,142/month

68 Days on Market

Highlights

  • Water Views
  • Unit is on the top floor
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Furnished

About This Home

As of December 2022

THIS BEAUTIFUL SOUTH END 2ND FLOOR CONDO FEATURES A BRAND-NEW TOP OF THE LINE CARRIER AIR CONDITIONING SYSTEM ALONG WITH NEW WINDOWS AND A NEW AWNING. HIGHLIGHTS INCLUDE SOAPSTONE COUNTERTOPS, BAMBOO HARDWOOD FLOORS, 2 FULLY TILED BATHROOMS, 3 SPACIOUS BEDROOMS, AND 3 LARGE DECKS INCLUDING ONE FRONT, REAR, AND ROOFTOP DECK WHERE YOU CAN SEE THE INTERCOASTAL WATERWAY. THIS PROPERTY ALSO FEATURES VINYL SIDING AND RAILINGS, FIBERGLASS DECKS, PARKING FOR 3 VEHICLES AND IS BEING OFFERED FURNISHED. ACROSS THE STREET FROM THE 52ND ST. PARK AND MINUTES TO THE BEACH. PROPERTY IS VERY EASY TO SHOW.

Last Agent to Sell the Property

Craig Troilo

Compass New Jersey-Ocean City (O463E) Listed on: 09/08/2022

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Michael Bushong Jr

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,058

Lot Details

  • 2,701

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Wood Flooring
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport

Location

  • Unit is on the top floor

Utilities

  • Zoned Heating and Cooling
  • Electric Water Heater

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,058

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Furnished
  • Lvt Date: 09/08/2022
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor, Top Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Laundry/Utility Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars, Carport

Utilities

  • Air Conditioner: Multi-Zoned
  • Heating: Electric, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Lot Info

  • Location: Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Dec 19, 2022
Sold by
Gehring Richard A and Gehring Mary P
Bought by
Pearce Albert and Pearce Suzanne E
Seller's Agent
Craig Troilo
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Michael Bushong Jr
Compass New Jersey-Ocean City (O463E)
List Price
$799,900
Sold Price
$715,000
Premium/Discount to List
-$84,900
-10.61%
Views
86
Current Estimated Value
$890,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,195
Avg. Annual Appreciation
8.08%
Original Mortgage
$315,000
Outstanding Balance
$302,747
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$587,448

Purchase Details

Closed on
Mar 31, 2000
Sold by
Hickman Robert
Bought by
Gehring Richard A and Gehring Mary P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,720
Interest Rate
8.4%

Purchase Details

Closed on
Dec 30, 1997
Sold by
Rainey James F
Bought by
Drummond Thomas P and Drummond Debra L

Purchase Details

Closed on
Apr 16, 1991
Sold by
Joy Sherwood H and Et Als Jean L
Bought by
Rainey James F and Rainey Patricia
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
Pearce Albert $715,000 Freedom Title & Abstract
Pearce Albert $715,000 Freedom Title & Abstract
Gehring Richard A $235,900 --
Drummond Thomas P $164,000 --
Rainey James F $167,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearce Albert $315,000
Closed Pearce Albert $315,000
Previous Owner Gehring Richard A $188,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2022 12/19/22 Sold $715,000 -7.1% --
11/15/2022 11/15/22 Pending -- -- --
10/21/2022 10/21/22 Price Changed $769,900 -3.8% --
09/08/2022 09/08/22 For Sale $799,900 -- --
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 $5,058 $450,800 $217,700 $233,100
2024 $5,058 $450,800 $217,700 $233,100
2023 $4,828 $450,800 $217,700 $233,100
2022 $4,196 $407,800 $217,700 $190,100
2021 $3,042 $407,800 $217,700 $190,100
2020 $3,988 $407,800 $217,700 $190,100
2019 $3,943 $407,800 $217,700 $190,100
2018 $3,907 $407,800 $217,700 $190,100
2017 $3,846 $407,800 $217,700 $190,100
2016 $3,699 $407,800 $217,700 $190,100
2015 $3,650 $407,800 $217,700 $190,100
2014 $3,597 $407,800 $217,700 $190,100
Source: Public Records

Agents Affiliated with this Home

  • Craig Troilo

    Seller's Agent in 2022

    Craig Troilo

    Compass New Jersey-Ocean City (O463E)

    (609) 226-1087

    47 in this area

    52 Total Sales

    Craig Troilo
    Section Image
  • Michael Bushong Jr

    Buyer's Agent in 2022

    Michael Bushong Jr

    Compass New Jersey-Ocean City (O463E)

    (609) 231-1353

    41 in this area

    76 Total Sales

    Michael Bushong Jr
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 566887

South Jersey Shore Regional MLS

APN: 08-05203-0000-00001-01-C5259

New Jersey Cape May County Ocean City 08226

5259 West Ave Unit 5259, Ocean City, NJ

This home is located at 5259 West Ave Unit 5259, Ocean City, NJ 08226 since 08 September 2022 and is currently estimated at $890,195. 5259 West Ave Unit 5259 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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