NOT LISTED FOR SALE

5405 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $823,695 - $1,025,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold January 09, 2015

Last sale price $401,000

Est. 126% increase in value since last sale

Current estimated payment $5,171/month

162 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Shades

About This Home

As of January 2015

If you're looking for an affordable 3 bedroom 2 full bath condo in the south end literally steps from the beach ...go no further. This well maintained first floor features a redone kitchen, masonry fireplace, fully furnished with great summer rentals already booked. Owned by the same family for the last 20 years, this is truly a beach home. Call today! You don't have to pay a fortune to be near the beach! Believe me, this one won't last so schedule a showing today!

Last Agent to Sell the Property

Chris Benson

MONIHAN REALTY Listed on: 03/24/2014

Last Buyer's Agent

Chris Benson

MONIHAN REALTY Listed on: 03/24/2014

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,178

Lot Details

  • 3,006

Home Design

  • Cedar Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Wood Burning Fireplace
  • Shades
  • Drapes & Rods
  • Blinds
  • Dining Room
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • Ground Level Unit

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,178

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Fireplace Equipment, Furnished, Rugs, Shades
  • 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: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Wood Burning
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Primary Br On 1st Floor
  • Common Area Features: Cable Tv, Deck/Porch

Exterior Features

  • Siding Exterior: Cedar

Utilities

  • Air Conditioner: Central
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2014
Closed on
Jan 9, 2015
Sold by
Sullivan Martin Elizabeth and Laughlin Sean
Bought by
Claffee Brett A and Guy Mary Jane
Seller's Agent
Chris Benson
MONIHAN REALTY
Buyer's Agent
Chris Benson
MONIHAN REALTY
List Price
$401,000
Sold Price
$401,000
Current Estimated Value
$906,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$505,174
Avg. Annual Appreciation
7.88%
Original Mortgage
$360,900
Outstanding Balance
$277,653
Interest Rate
3.96%
Mortgage Type
New Conventional
Estimated Equity
$628,521

Purchase Details

Closed on
Aug 30, 2007
Sold by
Laughlin Joyce E
Bought by
Sullivan Martin Elizabeth and Laughlin Sean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,748
Interest Rate
6.74%
Mortgage Type
Purchase Money Mortgage
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
Claffee Brett A $401,000 North American Title Agency
Sullivan Martin Elizabeth -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claffee Brett A $360,900
Previous Owner Sullivan Martin Elizabeth $166,748
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2015 01/09/15 Sold $401,000 0.0% --
09/02/2014 09/02/14 Pending -- -- --
03/24/2014 03/24/14 For Sale $401,000 -- --
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 $4,178 $372,400 $283,500 $88,900
2024 $4,178 $372,400 $283,500 $88,900
2023 $3,988 $372,400 $283,500 $88,900
2022 $3,832 $372,400 $283,500 $88,900
2021 $2,778 $372,400 $283,500 $88,900
2020 $3,642 $372,400 $283,500 $88,900
2019 $3,601 $372,400 $283,500 $88,900
2018 $3,568 $372,400 $283,500 $88,900
2017 $3,512 $372,400 $283,500 $88,900
2016 $3,378 $372,400 $283,500 $88,900
2015 $3,333 $372,400 $283,500 $88,900
2014 $3,285 $372,400 $283,500 $88,900
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2015

    Chris Benson

    MONIHAN REALTY

    (609) 602-0808

    17 in this area

    17 Total Sales

    Chris Benson
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 426740

South Jersey Shore Regional MLS

APN: 08-05402-0000-00013-0000-C1

New Jersey Cape May County Ocean City 08226

5405 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 5405 Asbury Ave Unit 1, Ocean City, NJ 08226 since 24 March 2014 and is currently estimated at $906,174. 5405 Asbury 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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