NOT LISTED FOR SALE

5455 Asbury Ave Unit 3 Ocean City, NJ 08226

Estimated Value: $529,226 - $633,000

2 Beds
1 Bath
-- Sq Ft
3,006 Sq Ft Lot

Last Sold June 22, 2021

Last sale price $390,000

Est. 49% increase in value since last sale

Current estimated payment $3,327/month

Highlights

  • Recreation Room
  • Furnished
  • Eat-In Kitchen
  • Ocean City Primary School Rated A
  • Outdoor Community Showers
  • Laundry Room

About This Home

As of June 2021

Looking for a cozy place to call home at the beach? Just in time for SUMMER, have your feet in the sand and surf in no time! Condo features 2BR / 1BA, second floor location with great natural sun light and just a block to the beach. A property this close to the beach and at this price will not last. There is a shared outside shower and laundry area. Condo fee of $200 a month covers flood and hazard insurance and water. Property has an amazing rental history as well. This south end location has its privacy and also close to Corson Inlet State Park, great for nature hikes, boating, fishing, restaurant's and more!

Last Agent to Sell the Property

James Boyle

Keller Williams Realty Jersey Shore-Ocean City Listed on: 05/07/2021

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

Kevin Redmond

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,753

Year Built

  • Built in 1960

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Recreation Room
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

Overview

  • Association fees include insurance, management, water

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,753

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Furnished
  • Lvt Date: 05/07/2021
  • Year Built: 1960
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: Second Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Stove, Refrigerator
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Eat In Kitchen, Laundry/Utility Room, Recreation/Family
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Insurance, Management, Water
  • Management: Association

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 22, 2021
Sold by
Minford Thomas E and Minford Sandra L
Bought by
Rice Joseph F and Rice Cynthia M
Seller's Agent
James Boyle
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Kevin Redmond
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$389,900
Sold Price
$390,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$582,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,057
Avg. Annual Appreciation
9.76%
Original Mortgage
$285,000
Outstanding Balance
$258,032
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$324,025

Purchase Details

Closed on
Aug 27, 1988
Sold by
Lange William and Lange Barbara
Bought by
Romano Richard and Romano Arlene
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
Rice Joseph F $380,000 Misc Company
Romano Richard $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Joseph F $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $390,000 0.0% --
05/18/2021 05/18/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $389,900 -- --
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 $2,753 $245,400 $163,600 $81,800
2024 $2,753 $245,400 $163,600 $81,800
2023 $2,628 $245,400 $163,600 $81,800
2022 $2,525 $245,400 $163,600 $81,800
2021 $1,831 $245,400 $163,600 $81,800
2020 $2,400 $245,400 $163,600 $81,800
2019 $2,373 $245,400 $163,600 $81,800
2018 $2,351 $245,400 $163,600 $81,800
2017 $2,314 $245,400 $163,600 $81,800
2016 $2,226 $245,400 $163,600 $81,800
2015 $2,196 $245,400 $163,600 $81,800
2014 $2,164 $245,400 $163,600 $81,800
Source: Public Records

Agents Affiliated with this Home

  • James Boyle

    Seller's Agent in 2021

    James Boyle

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 226-0678

    33 in this area

    149 Total Sales

    James Boyle
    Section Image
  • Kevin Redmond

    Buyer's Agent in 2021

    Kevin Redmond

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (609) 513-6220

    70 in this area

    102 Total Sales

    Kevin Redmond
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 550345

South Jersey Shore Regional MLS

APN: 08-05402-0000-00003-0000-C3

New Jersey Cape May County Ocean City 08226

5455 Asbury Ave Unit 3, Ocean City, NJ

This home is located at 5455 Asbury Ave Unit 3, Ocean City, NJ 08226 since 07 May 2021 and is currently estimated at $582,057. This property was built in 1960. 5455 Asbury Ave Unit 3 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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