NOT LISTED FOR SALE

532 Bay Ave Unit Bayside A Ocean City, NJ 08226

Estimated Value: $1,126,000 - $1,441,000

5 Beds
3.5 Baths
-- Sq Ft
0.36 Acres

Last Sold March 08, 2022

Last sale price $999,000

Est. 31% increase in value since last sale

Current estimated payment $8,198/month

166 Days on Market

Highlights

  • Boat Dock
  • Property Fronts a Bay or Harbor
  • Multiple Fireplaces
  • Ocean City Primary School Rated A
  • Deck
  • Recreation Room

About This Home

As of March 2022

Large Bayfront 5 Bedroom 3.5 Bath Condo with 3813 square feet per tax records. 3400 Square feet per condo docs. Spectacular views from all levels. Spacious living. Main Bedroom features full bath with separate tub and shower and 2 walk in closets. Four additional bedrooms. Large Family room or game room, Open floor plan from the Kitchen with breakfast nook and dining area open to large living room with fireplace. Decks off of the Living room and Family room overlooking Pool, Docks, and Open Bay Views. View from roof top deck is breathtaking! Great floor plan, Pool shared with one adjacent unit. 2 boat slips. Very large garage. Condo Docs in associated Docs. Elevation Certificate and Flood Insurance in associated Docs.

Last Listed By

KEVIN BEST

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #8438738 Listed on: 08/24/2021

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,666

Year Built

  • 1991

Lot Details

  • Property Fronts a Bay or Harbor
  • End Unit
  • Fenced

Property Views

  • Water
  • Pool

Interior Spaces

  • 2-Story Property
  • Bar
  • Cathedral Ceiling
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room
  • Breakfast Area or Nook
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Deck

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Overview

  • Bayside Condos

Recreation

  • Boat Dock
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,666

Year Built

1991

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 08/24/2021
  • Number Of Levels In Unit: Three
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Pool View, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built (Public Record): 1991

Interior Features

  • Fireplace: Built-In, Family Room, Gas Log, Living Room, More Than 1
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Breakfast Nook, Dining Area, Laundry/Utility Room, Pantry, Recreation/Family
  • Common Area Features: Deck/Porch, Dock/Boat Slip, Fenced Yard, Pool

Garage/Parking

  • Garage: One And Half Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Condo Name: Bayside

Lot Info

  • Location: Bay Front, Docks, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Bar, Cathedral Ceiling(s), Fireplace(s), Foyer, Master Bath, Skylight

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Mar 4, 2022
Sold by
Mcgovern Kevin J and Mcgovern Lori A
Bought by
532 Bay Llc
Seller's Agent
KEVIN BEST
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Emily Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$1,590,000
Sold Price
$999,000
Premium/Discount to List
-$591,000
-37.17%
Total Days on Market
166
Current Estimated Value
$1,305,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,782
Avg. Annual Appreciation
8.70%
Original Mortgage
$999,200
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2008
Sold by
Kemper Casualty Insurance Company
Bought by
Mcgovern Kevin J and Mcgovern Lori A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,500
Interest Rate
6.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2008
Sold by
Cantwell Kimber L and Cantwell Jeffrey
Bought by
Kemper Casualty Insurance Co

Purchase Details

Closed on
Jan 13, 2000
Sold by
Sacks Charles
Bought by
Cantwell Kimber L

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
7.79%

Purchase Details

Closed on
Dec 12, 1995
Sold by
Stoeco Develop
Bought by
Landi Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.43%

Purchase Details

Closed on
May 19, 1995
Sold by
Kohler Kathryn
Bought by
Landi Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8.34%

Purchase Details

Closed on
Apr 21, 1995
Sold by
Kruba Richard M
Bought by
Landi Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8.34%

Purchase Details

Closed on
Apr 13, 1995
Sold by
Woelfel Patricia F
Bought by
Landi Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
8.34%

Purchase Details

Closed on
Feb 1, 1995
Sold by
Martin Denis
Bought by
Landi Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
9.18%

Purchase Details

Closed on
Dec 21, 1994
Sold by
Elliot Lawrence
Bought by
Landi Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,000
Interest Rate
9.18%

Purchase Details

Closed on
Oct 21, 1994
Sold by
Auch Anna
Bought by
Landijr Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.49%

Purchase Details

Closed on
Oct 18, 1994
Sold by
Landi Warren F
Bought by
Sacks Charles and Sacks Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8.49%

Purchase Details

Closed on
May 31, 1994
Sold by
Fleek Charles N
Bought by
Landi Warren F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.49%

Purchase Details

Closed on
May 20, 1994
Sold by
Dattila Michael N
Bought by
Landi Warren E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.49%

Purchase Details

Closed on
Mar 23, 1994
Sold by
Kroesser Marie
Bought by
Landi Warren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.74%

Purchase Details

Closed on
Jan 3, 1994
Sold by
Voll Richard
Bought by
Landi Warren F

Purchase Details

Closed on
Dec 27, 1993
Sold by
Landi Warren
Bought by
Landi Warren and Feinstein Kurt

Range of Values:

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Average Value
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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
532 Bay Llc $999,000 Mccrosson Dorothy F
Mcgovern Kevin J $850,000 First American Title Ins Co
Kemper Casualty Insurance Co $673,243 Old Republic Title
Cantwell Kimber L $775,000 --
Landi Warren F $175,000 --
Landi Warren F $525,000 --
Landi Warren $70,000 --
Landi Warren F $750,000 --
Landi Warren F $257,000 --
Landi Warren $100,000 --
Landi Warren $20,000 --
Landijr Warren $185,000 --
Sacks Charles $515,000 --
Landi Warren F $500,000 --
Landi Warren E $500,000 --
Landi Warren $80,000 --
Landi Warren $100,000 --
Landi Warren F $40,000 --
Landi Warren $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilkins Emily L $1,004,525
Closed 532 Bay Llc $999,200
Previous Owner Mcgovern Kevin J $549,000
Previous Owner Mcgovern Kevin J $552,500
Previous Owner Cantwell Kimber L $0
Previous Owner Cantwell Kimber L $550,000
Previous Owner Landi Warren F $140,000
Previous Owner Landi Warren $750,000
Previous Owner Landi Warren $800,000
Previous Owner Landi Warren F $210,000
Previous Owner Landi Warren F $500,000
Previous Owner Landi Warren $37,000
Previous Owner Landijr Warren $130,000
Previous Owner Sacks Charles $400,000
Previous Owner Landi Warren F $120,000
Previous Owner Landi Warren $148,000
Previous Owner Landi Warren $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $999,000 -37.2% --
02/06/2022 02/06/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $1,590,000 0.0% --
12/27/2021 12/27/21 Pending -- -- --
11/02/2021 11/02/21 Price Changed $1,590,000 -9.1% --
08/24/2021 08/24/21 For Sale $1,750,000 -- --
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
2024 $10,666 $950,600 $503,800 $446,800
2023 $10,181 $950,600 $503,800 $446,800
2022 $9,782 $950,600 $503,800 $446,800
2021 $9,554 $950,600 $503,800 $446,800
2020 $9,297 $950,600 $503,800 $446,800
2019 $9,192 $950,600 $503,800 $446,800
2018 $9,107 $950,600 $503,800 $446,800
2017 $8,964 $950,600 $503,800 $446,800
2016 $8,622 $950,600 $503,800 $446,800
2015 $8,508 $950,600 $503,800 $446,800
2014 $8,384 $950,600 $503,800 $446,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 554662

South Jersey Shore Regional MLS

APN: 08-00508-0000-00003-0000-C532