NOT LISTED FOR SALE

5540 Central Ave Unit 1st Ocean City, NJ 08226

Estimated Value: $1,324,679 - $1,814,000

4 Beds
3 Baths
-- Sq Ft
4,008 Sq Ft Lot

Last Sold August 22, 2016

Last sale price $785,000

Est. 105% increase in value since last sale

Current estimated payment $9,306/month

101 Days on Market

Highlights

  • Ground Level Unit
  • Great Room
  • Laundry Room
  • Ocean City Primary School Rated A
  • 1 Car Attached Garage
  • Entrance Foyer

About This Home

As of August 2016

Spectacular Southend Elevated 1st Floor Condo w/Ocean Views! This Beauty Features: 4 Bedrooms 3 Full Baths, ELEVATOR, Lovely Kitchen w/Large Island, Ocean Views from Living Room & Front Deck, Ground Level Bonus/Storage Room + Full Bath, Large Front Deck, Gas Heat, C/A, Maintenance-Free Exterior, Separate Garage, Great Rental History... Great Location! (Across from the Beach) Great Property!(Newer Construction) Great Value! See you on the Beach!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 03/22/2016

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,792

Year Built

  • Built in 2003

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

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

Location

  • Ground Level Unit

Utilities

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

Community Details

Pet Policy

  • Pets Allowed

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,792

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Drapes
  • Lvt Date: 03/24/2016
  • Year Built: 2003
  • Age: 6 To 10 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Elevator

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2016
Closed on
Aug 22, 2016
Sold by
Paladino Vincent and Paladino Emily
Bought by
Barry Kevin and Barry Kathleen
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
List Price
$785,000
Sold Price
$785,000
Current Estimated Value
$1,610,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,670
Avg. Annual Appreciation
8.19%

Purchase Details

Closed on
Jul 16, 2013
Sold by
Paladino Vincent and Paladino Emily
Bought by
Paladino Vincent and Paladino Emily

Purchase Details

Closed on
May 4, 2004
Sold by
Rowe Elizabeth Bonnie
Bought by
Paladino Vincent and Paladino Emily
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
Barry Kevin $785,000 None Available
Paladino Vincent -- None Available
Paladino Vincent $915,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2016 08/22/16 Sold $785,000 0.0% --
07/01/2016 07/01/16 Pending -- -- --
03/22/2016 03/22/16 For Sale $785,000 -- --
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 $8,792 $783,600 $410,000 $373,600
2024 $8,792 $783,600 $410,000 $373,600
2023 $8,392 $783,600 $410,000 $373,600
2022 $8,063 $783,600 $410,000 $373,600
2021 $5,846 $783,600 $410,000 $373,600
2020 $7,664 $783,600 $410,000 $373,600
2019 $7,577 $783,600 $410,000 $373,600
2018 $7,507 $783,600 $410,000 $373,600
2017 $7,389 $783,600 $410,000 $373,600
2016 $7,095 $782,200 $410,000 $372,200
2015 $7,001 $782,200 $410,000 $372,200
2014 $6,899 $782,200 $410,000 $372,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino

    Seller's Agent in 2016

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    361 in this area

    419 Total Sales

    Michael Contino
    Section Image
  • JOSEPH SHEPPARD

    Buyer's Agent in 2016

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    76 in this area

    94 Total Sales

    JOSEPH SHEPPARD
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 465089

South Jersey Shore Regional MLS

APN: 08-05502-0000-00021-0000-C1

New Jersey Cape May County Ocean City 08226

5540 Central Ave Unit 1st, Ocean City, NJ

This home is located at 5540 Central Ave Unit 1st, Ocean City, NJ 08226 since 22 March 2016 and is currently estimated at $1,610,670. This property was built in 2003. 5540 Central Ave Unit 1st 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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