NOT LISTED FOR SALE

5309 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,749,789 - $2,276,000

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

Last Sold May 01, 2020

Last sale price $1,290,000

Est. 52% increase in value since last sale

Current estimated payment $11,264/month

148 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Great Room

About This Home

As of May 2020

This fabulous, large, 1st floor beachfront is truly one of a kind! Featuring gorgeous ocean views and your own private beachfront deck! No other beachfront has this. Completely redone in 2013 this beachfront is magnificent! Being sold fully furnished this home is priced to sell!

Last Agent to Sell the Property

Kevin Halliday

BERGER REALTY-A Listed on: 10/16/2019

Co-Listed By

JEFFREY HAAS

BERGER REALTY-A

Last Buyer's Agent

Linda Watts

BERGER REALTY-D

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,777

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Carpet

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Ocean Front
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Additional Features

  • Central Ave Condos
  • Community Deck or Porch

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,777

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Furnished
  • Lvt Date: 10/17/2019
  • Age: 21 To 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, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room
  • Common Area Features: Cable Tv, Deck/Porch, Enclsd/Covered Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car, Carport

Utilities

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

Condo/Co-op/Association

  • Condo Name: Central Ave
  • Management: Association

Lot Info

  • Location: Ocean Front

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath, Pets Allowed, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2013
Sold by
Riley David J
Bought by
Lui Gregory G and Lui Colleen R
Current Estimated Value
$1,955,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$780,000
Outstanding Balance
$551,969
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$1,403,228

Purchase Details

Closed on
Jul 3, 2003
Sold by
Brigidi Richard V
Bought by
Riley David J and Riley Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.45%

Purchase Details

Closed on
Mar 20, 1990
Sold by
Smolda Wayne G and Smolda Claudia B
Bought by
Smolda Wayne G and Smolda Claudia B
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
Lui Gregory G $975,000 Fidelity National Title
Riley David J $1,050,000 --
Smolda Wayne G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lui Gregory G $780,000
Previous Owner Riley David J $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2020 05/01/20 Sold $1,290,000 -4.4% --
03/12/2020 03/12/20 Pending -- -- --
01/15/2020 01/15/20 For Sale $1,350,000 +4.7% --
12/15/2019 12/15/19 Off Market $1,290,000 -- --
10/16/2019 10/16/19 For Sale $1,350,000 -- --
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 $10,777 $960,500 $774,000 $186,500
2024 $10,777 $960,500 $774,000 $186,500
2023 $10,287 $960,500 $774,000 $186,500
2022 $9,884 $960,500 $774,000 $186,500
2021 $7,165 $960,500 $774,000 $186,500
2020 $9,394 $960,500 $774,000 $186,500
2019 $9,288 $960,500 $774,000 $186,500
2018 $9,202 $960,500 $774,000 $186,500
2017 $9,058 $960,500 $774,000 $186,500
2016 $8,712 $960,500 $774,000 $186,500
2015 $8,596 $960,500 $774,000 $186,500
2014 $8,472 $960,500 $774,000 $186,500
Source: Public Records

Agents Affiliated with this Home

  • Kevin Halliday

    Seller's Agent in 2020

    Kevin Halliday

    BERGER REALTY-A

    (609) 425-7423

    59 in this area

    63 Total Sales

    Kevin Halliday
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    JEFFREY HAAS

    BERGER REALTY-A

    2 in this area

    2 Total Sales

    JEFFREY HAAS
    Section Image
  • Linda Watts

    Buyer's Agent in 2020

    Linda Watts

    BERGER REALTY-D

    (609) 230-6595

    12 in this area

    15 Total Sales

    Linda Watts
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 529483

South Jersey Shore Regional MLS

APN: 08-05301-0000-00010-0000-C1

New Jersey Cape May County Ocean City 08226

5309 Central Ave Unit 1, Ocean City, NJ

This home is located at 5309 Central Ave Unit 1, Ocean City, NJ 08226 since 16 October 2019 and is currently estimated at $1,955,197. 5309 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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