NOT LISTED FOR SALE

5514 Central Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $2,371,000

4 Beds
2.5 Baths
-- Sq Ft
2,004 Sq Ft Lot

Last Sold February 28, 2023

Last sale price $1,800,000

Est. 32% increase in value since last sale

Current estimated payment $14,991/month

113 Days on Market

Highlights

  • Water Views
  • New Construction
  • Cathedral Ceiling
  • Ocean City Primary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of February 2023

VIEWS! VIEWS! VIEWS! This Second Floor Condo is situated across the Street from the Beach in the Southend of Ocean City. Enter This Gorgeous Property is Brand New Construction with 4 Bedrooms and 2.5 Bathrooms. Enter Through Your Own Private Entrance. Beautifully Upgraded Throughout, Featuring, an ELEVATOR, Pre- Engineered Flooring, Stainless Steel Appliances, Granite Countertops, Center Island, Recessed Lighting Throughout, Gas Fireplace, and OnDemand Tankless Hot Water Heater. Enhanced Trim Package, to Include, Solid Core Five Panel Doors with XL Casing, Baseboard, and Crown Molding. ROOF TOP DECK, Fully Trimmed Garage, Rear Alley Access, Outside Shower, and Large Front Porch to Enjoy Shore Living at its Best!

Last Agent to Sell the Property

Dorothy Phillips

BHHS FOX and ROACH-109 34th OC Listed on: 09/16/2022

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Susan Gardner

WEICHERT REALTORS ASBURY GROUP-OC

WEICHERT REALTORS ASBURY GROUP-OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,219

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2,004

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Den
  • Water Views

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener
  • Assigned Parking

Outdoor Features

  • Deck

Utilities

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

Community Details

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,219

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 09/16/2022
  • New Construction: Yes
  • Year Built: 2022
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor, Water View
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Great Room, Laundry/Utility Room, Pantry
  • Common Area Features: Deck/Porch, Elevator, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: One Car, Assigned, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Cathedral Ceiling(s), Elevator, 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
Sep 16, 2022
Closed on
Feb 16, 2023
Sold by
Whale Beach Builders Llc
Bought by
Whale Beach Builders Llc
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Susan Gardner
WEICHERT REALTORS ASBURY GROUP-OC
List Price
$1,995,000
Sold Price
$1,800,000
Premium/Discount to List
-$195,000
-9.77%
Views
101
Current Estimated Value
$2,371,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$571,000

Purchase Details

Closed on
Feb 11, 2022
Sold by
Whale Beach Builders Llc
Bought by
Pacitti Nicholas A and Pacitti Carol A

Purchase Details

Closed on
Jan 12, 2022
Sold by
Whale Beach Builders Llc
Bought by
Whale Beach Builders Llc

Purchase Details

Closed on
Sep 9, 2021
Sold by
Reilly Sandra G
Bought by
Whale Beach Builders Llc

Purchase Details

Closed on
Feb 28, 1994
Sold by
Spear Gordon and Spear Patricia
Bought by
Reilly Sandra G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
7.01%

Purchase Details

Closed on
Sep 14, 1989
Sold by
Laughlin John and Laughlin Helen
Bought by
Spear Gordon and Spear Patricia
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
Whale Beach Builders Llc -- None Listed On Document
Pacitti Nicholas A -- Deweese David S
Whale Beach Builders Llc -- Deweese David S
Whale Beach Builders Llc $425,000 Surety Title
Reilly Sandra G $119,000 --
Spear Gordon $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reilly Sandra G $89,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $1,800,000 -2.7% --
01/07/2023 01/07/23 Pending -- -- --
11/21/2022 11/21/22 Price Changed $1,850,000 +2.8% --
11/21/2022 11/21/22 Price Changed $1,800,000 -2.7% --
11/04/2022 11/04/22 Price Changed $1,850,000 -7.3% --
09/16/2022 09/16/22 For Sale $1,995,000 -- --
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
2022 $4,219 $410,000 $410,000 $0
2021 $2,858 $383,100 $369,000 $14,100
2020 $3,747 $383,100 $369,000 $14,100
2019 $3,705 $383,100 $369,000 $14,100
2018 $3,670 $383,100 $369,000 $14,100
2017 $3,613 $383,100 $369,000 $14,100
2016 $3,475 $383,100 $369,000 $14,100
2015 $3,429 $383,100 $369,000 $14,100
2014 $3,379 $383,100 $369,000 $14,100
Source: Public Records

Agents Affiliated with this Home

  • Dorothy Phillips

    Seller's Agent in 2023

    Dorothy Phillips

    BHHS Fox & Roach

    (609) 398-9100

    192 in this area

    280 Total Sales

    Dorothy Phillips
    Section Image
  • Susan Gardner

    Buyer's Agent in 2023

    Susan Gardner

    Weichert Corporate

    (609) 398-4400

    35 in this area

    56 Total Sales

    Susan Gardner
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 567167

South Jersey Shore Regional MLS

APN: 08-05502-0000-00014

New Jersey Cape May County Ocean City 08226

5514 Central Ave Unit 2, Ocean City, NJ

This home is located at 5514 Central Ave Unit 2, Ocean City, NJ 08226 since 16 September 2022 and is currently priced at $2,371,000. This property was built in 2022. 5514 Central Ave Unit 2 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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