NOT LISTED FOR SALE

5324 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $2,045,000

4 Beds
2 Baths
-- Sq Ft
0.92 Acres

Last Sold June 17, 2022

Last sale price $1,500,000

Est. 36% increase in value since last sale

Current estimated payment $12,887/month

Highlights

  • New Construction
  • Deck
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Great Room

About This Home

As of June 2022

Brand New Construction across the street from the beach in the quiet and desirable South End of Ocean City! Enjoy the Summer Sea Breeze from your spacious front deck as well as panoramic water and sunset views from a private roof deck. Features include an Elevator, Outside Shower, Parking for two cars, Garage, Private entranceway, and Fantastic Rental Income potential. Conveniently located walking distance from 55th street where you will find an ice cream parlor, pizza/subs from Sacko's, Boyars Deli Market, Coffee and Take-Out options from Aneu as well as seafood from Mike's. Act quickly and take advantage of the ability to select your own finishes.

Last Agent to Sell the Property

Ryan Huck

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 08/14/2021

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Donna Ang

FOX REAL ESTATE-Brighton

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,438

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 0.92

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Great Room
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,438

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 08/14/2021
  • New Construction: Yes
  • Year Built: 2021
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Jun 16, 2022
Sold by
Robert Coste Inc
Bought by
Zorzi Graedon H and Zorzi Kelsey E
Seller's Agent
Ryan Huck
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Donna Ang
FOX REAL ESTATE-Brighton
List Price
$1,499,900
Sold Price
$1,500,000
Premium/Discount to List
$100
0.007%
Current Estimated Value
$2,045,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,000
Original Mortgage
$1,125,000
Outstanding Balance
$1,042,911
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2021
Closed on
May 27, 2022
Sold by
Robert Coste Inc
Bought by
Theocean Property Management Llc
Seller's Agent
Ryan Huck
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Donna Ang
FOX REAL ESTATE-Brighton
List Price
$1,499,900
Sold Price
$1,500,000
Premium/Discount to List
$100
0.007%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Outstanding Balance
$1,042,911
Interest Rate
2.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2021
Sold by
Jean M Korkuch Lt
Bought by
Robert Coste Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 29, 2021
Sold by
Ocean City Dev Grp Llc
Bought by
Manthorp John H and Manthorp Alison M

Purchase Details

Closed on
Nov 30, 2007
Sold by
Korkuch Francis J and Korkuch Jean
Bought by
The Jean M Korkuch Living Trust

Purchase Details

Closed on
Jan 29, 2004
Sold by
Charles J Korkuch Estate
Bought by
Kirkuch Francis J and Korkuch Jean

Purchase Details

Closed on
Jan 16, 2004
Sold by
Rode William F
Bought by
Estate Of Charles J Korkuch and Gilbertson Gilbert O
Source: Public Records

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
Zorzi Graedon H $1,500,000 Freedom Title
Theocean Property Management Llc $1,575,000 Vernon Allen H
5324-26 Central Avenue Condominium -- Shore Title
Robert Coste Inc $1,525,000 Freedom Title
Manthorp John H $1,100,000 Misc Company
The Jean M Korkuch Living Trust -- None Available
Kirkuch Francis J $177,500 --
Korkuch Francis J -- The Title Company Of Jersey
Estate Of Charles J Korkuch -- The Title Company Of Jersey
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zorzi Graedon H $1,125,000
Closed Theocean Property Management Llc $1,260,000
Previous Owner Robert Coste Inc $835,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2022 06/17/22 Sold $1,500,000 0.0% --
09/30/2021 09/30/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $1,499,900 -- --
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
2022 $8,438 $820,000 $820,000 $0
2021 $8,503 $846,100 $820,000 $26,100
2020 $8,275 $846,100 $820,000 $26,100
2019 $8,182 $846,100 $820,000 $26,100
2018 $8,106 $846,100 $820,000 $26,100
2017 $7,979 $846,100 $820,000 $26,100
2016 $7,674 $846,100 $820,000 $26,100
2015 $7,573 $846,100 $820,000 $26,100
2014 $7,463 $846,100 $820,000 $26,100
Source: Public Records

Agents Affiliated with this Home

  • Ryan Huck

    Seller's Agent in 2022

    Ryan Huck

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 425-8824

    66 in this area

    89 Total Sales

    Ryan Huck
    Section Image
  • Donna Ang

    Buyer's Agent in 2022

    Donna Ang

    FOX REAL ESTATE-Brighton

    (609) 703-8970

    56 in this area

    74 Total Sales

    Donna Ang
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 554328

South Jersey Shore Regional MLS

APN: 08-05302-0000-00017

New Jersey Cape May County Ocean City 08226

5324 Central Ave Unit 1, Ocean City, NJ

This home is located at 5324 Central Ave Unit 1, Ocean City, NJ 08226 since 14 August 2021 and is currently priced at $2,045,000. This property was built in 2021. 5324 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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