NOT LISTED FOR SALE

55 Route 50 Ocean View, NJ 08230

Estimated Value: $324,057 - $494,000

-- Bed
-- Bath
2,242 Sq Ft
$169/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $225,000 $100 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $2,447/month

93 Days on Market

Highlights

  • No HOA
  • Ceramic Tile Flooring
  • Electric Baseboard Heater
  • Eat-In Kitchen
  • Combination Kitchen and Dining Room

About This Home

As of November 2021

Duplex in Ocean View, Upper Township. Enjoy the lower-than-usual property taxes Upper Township has to offer as well as location near Ocean City. And residents attend Ocean City High School. Own this multi-family piece of real estate and start collecting the built-in income by continuing to rent both units! Or live in one, rent the other. Or share ownership with family/friends! Property does need a little TLC, but so much to offer. Both units are occupied with Tenants who may wish to stay or can vacate for owner-occupants with 60-day notices. FIRST FLOOR UNIT: back of home entry through private covered patio area, 2 bedrooms, 1 bathroom, large eat-in kitchen, living room, laundry room, personal fenced backyard space. SECOND FLOOR UNIT: front-of-home entry, 3 bedrooms. 2 bathrooms, living room, large eat-in kitchen, balcony deck, private locked laundry room on first floor with exterior entry, personal fenced backyard space.

Last Listed By

KAREN SALVO, SFR

Century 21 Action Plus Realty - Northfield Listed on: 05/11/2021

Century 21 Action Plus Realty - Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,398

Year Built

  • Built in 1947

Lot Details

  • 0.51 Acre Lot
  • Lot Dimensions are 100.00 x 222.00

Home Design

  • Duplex
  • Bi-Level Home
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,242 Sq Ft Home
  • Combination Kitchen and Dining Room
  • Eat-In Kitchen
  • Finished Basement

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Parking Spaces
  • 10 Driveway Spaces
  • Dirt Driveway
  • Off-Street Parking

Schools

  • Ocean City High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater
  • Cesspool

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 00027
  • Assessor Parcel Number 11-00561-00027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,398

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Exclusions: Tenant's personal belongings 1st Floor: washer and dryer 2nd Floor: stove
  • Inclusions: 1st Floor: dishwasher, electric stove, refrigerator 2nd Floor: dishwasher, refrigerator, washer and dryer
  • New Construction: No
  • Year Built: 1947
  • Automatically Close On Close Date: No
  • Remarks Public: Duplex in Ocean View, Upper Township. Enjoy the lower-than-usual property taxes Upper Township has to offer as well as location near Ocean City. And residents attend Ocean City High School. Own this multi-family piece of real estate and start collecting the built-in income by continuing to rent both units! Or live in one, rent the other. Or share ownership with family/friends! Property does need a little TLC, but so much to offer. Both units are occupied with Tenants who may wish to stay or can vacate for owner-occupants with 60-day notices. FIRST FLOOR UNIT: back of home entry through private covered patio area, 2 bedrooms, 1 bathroom, large eat-in kitchen, living room, laundry room, personal fenced backyard space. SECOND FLOOR UNIT: front-of-home entry, 3 bedrooms. 2 bathrooms, living room, large eat-in kitchen, balcony deck, private locked laundry room on first floor with exterior entry, personal fenced backyard space.
  • Special Features: None

Interior Features

  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: Combination Kitchen/Dining, Kitchen - Eat-In
  • Fireplace: No
  • Room Count: 11
  • Basement: Yes
  • Basement Type: Fully Finished
  • Total Sq Ft: 2242
  • Living Area Sq Ft: 2242
  • Price Per Sq Ft: 133.32
  • Above Grade Finished Sq Ft: 2242
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 55

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Dirt Driveway
  • Total Garage And Parking Spaces: 10
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 10

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Cess Pool
  • Utilities: Electric Available
  • Water Source: Private

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • School District: UPPER TOWNSHIP PUBLIC SCHOOLS
  • High School: OCEAN CITY H.S.
  • High School Source: Listing Agent
  • School District Key: 300200396110
  • School District Source: Listing Agent
  • High School: OCEAN CITY H.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 77100.00
  • Land Assessed Value: 96600.00
  • Lot Size Acres: 0.51
  • Lot Dimensions: 100.00 x 222.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 22200.00
  • Year Assessed: 2020
  • Zoning: TC

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 27600.00
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3825324
  • Tax Annual Amount: 3398.00
  • Assessor Parcel Number: 11-00561-00027
  • Tax Lot: 00027
  • Tax Total Finished Sq Ft: 2242
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/19/2021

MLS Schools

  • School District Name: UPPER TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Nov 12, 2021
Sold by
Eggie Eustance
Bought by
Haberman Harold and Haberman Gail D
Seller's Agent
KAREN SALVO, SFR
Century 21 Action Plus Realty - Northfield
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$298,900
Sold Price
$225,000
Premium/Discount to List
-$73,900
-24.72%
Total Days on Market
93
Current Estimated Value
$379,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,764
Avg. Annual Appreciation
16.33%

Purchase Details

Listed on
Jan 31, 2015
Closed on
Dec 15, 2015
Sold by
North Barbara H
Bought by
Eggie Eustace
Seller's Agent
Cheryl Huber
BERKSHIRE HATHAWAY HS FOX & ROACH oc109
List Price
$184,700
Sold Price
$150,000
Premium/Discount to List
-$34,700
-18.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%

Purchase Details

Closed on
Feb 14, 2007
Sold by
North Warren E
Bought by
North Barbara H

Purchase Details

Closed on
Dec 7, 1989
Sold by
Fromer Kenneth
Bought by
North Warren

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
Haberman Harold $225,000 None Available
Eggie Eustace $15,000,000 None Available
North Barbara H -- None Available
North Warren $90,000 --
Former Kenneth $72,100 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $225,000 0.0% $100 / Sq Ft
11/12/2021 11/12/21 Sold $225,000 -24.7% $107 / Sq Ft
08/12/2021 08/12/21 Pending -- -- --
08/12/2021 08/12/21 Pending -- -- --
05/11/2021 05/11/21 Price Changed $298,900 0.0% $142 / Sq Ft
05/11/2021 05/11/21 For Sale $298,900 0.0% $133 / Sq Ft
03/26/2021 03/26/21 Price Changed $299,000 -14.3% $142 / Sq Ft
03/12/2021 03/12/21 For Sale $349,000 +132.7% $165 / Sq Ft
12/15/2015 12/15/15 Sold $150,000 0.0% $71 / Sq Ft
12/15/2015 12/15/15 Sold $150,000 -18.8% $71 / Sq Ft
11/15/2015 11/15/15 Pending -- -- --
11/05/2015 11/05/15 Pending -- -- --
01/31/2015 01/31/15 For Sale $184,700 +23.1% $87 / Sq Ft
10/09/2013 10/09/13 For Sale $150,000 -- $71 / Sq Ft
Source: Bright 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 $4,094 $178,400 $96,600 $81,800
2023 $3,893 $178,400 $96,600 $81,800
2022 $3,663 $173,700 $96,600 $77,100
2021 $3,535 $173,700 $96,600 $77,100
2020 $3,401 $173,700 $96,600 $77,100
2019 $3,319 $173,700 $96,600 $77,100
2018 $3,234 $173,700 $96,600 $77,100
2017 $3,198 $173,700 $96,600 $77,100
2016 $3,248 $173,700 $96,600 $77,100
2015 $3,163 $173,700 $96,600 $77,100
2014 $3,532 $237,500 $149,700 $87,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM104992

Bright MLS

APN: 11-00561-0000-00027