NOT LISTED FOR SALE

5541 West Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $882,000 - $1,028,000

3 Beds
2 Baths
-- Sq Ft
4,051 Sq Ft Lot

Last Sold August 02, 2019

Last sale price $470,000

Est. 100% increase in value since last sale

Current estimated payment $5,432/month

42 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Bar

About This Home

As of August 2019

Great Southend 1st Floor Condo situated on an oversized lot. This three bedroom two bath condo offers great space inside and out. The exterior has vinyl siding, fiberglass decks, vinyl rails, four car parking, an outdoor shower and a storage room, newer central air conditioner. The unit flows with open living room with a fireplace that leads to a wrap around porch. The kitchen and dining area are accommodating to everyones needs. Great location located on the quite part of West Avenue, that is a short walk to the beach, local restaurants and shops. Its a hop skip and jump to Corson's Inlet State Park.

Last Agent to Sell the Property

JACK ZABOROWSKI

eXp Realty - Ocean City S382K Listed on: 05/31/2019

eXp Realty - Ocean City S382K

Last Buyer's Agent

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,267

Year Built

  • Built in 1988 | Newly Remodeled

Lot Details

  • 4,051

Parking

  • 3 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Bar
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Overview

  • Association fees include insurance, maintenance

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,267

Year Built

Built in 1988 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Partially Furnished
  • Lvt Date: 05/31/2019
  • New Construction: Yes
  • Year Built: 1988
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Family Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Laundry/Utility Room
  • Common Area Features: Deck/Porch

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance
  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Bar, Fireplace(s), Hardwood Floors, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2019
Closed on
Aug 2, 2019
Sold by
Marinelli Francis J and Marinell Rosemarie
Bought by
Fratini Nicholas and Fratini Lauren
Seller's Agent
JACK ZABOROWSKI
eXp Realty - Ocean City S382K
Buyer's Agent
Ellen McGonigle
BHHS FOX and ROACH-Simpson OC
List Price
$495,000
Sold Price
$470,000
Premium/Discount to List
-$25,000
-5.05%
Current Estimated Value
$938,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$468,061
Avg. Annual Appreciation
11.87%

Purchase Details

Closed on
Dec 13, 1991
Bought by
Marinelli Francis J and Marinelli Rosemarie

Purchase Details

Closed on
Dec 7, 1990
Sold by
Bodin Patricia N
Bought by
Toy Herbert J and Toy Mary A
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
Fratini Nicholas $470,000 --
Marinelli Francis J $163,000 --
Toy Herbert J $162,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2019 08/02/19 Sold $470,000 -5.1% --
07/12/2019 07/12/19 Pending -- -- --
05/31/2019 05/31/19 For Sale $495,000 -- --
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 $5,267 $469,400 $295,000 $174,400
2024 $5,267 $469,400 $295,000 $174,400
2023 $5,027 $469,400 $295,000 $174,400
2022 $4,830 $469,400 $295,000 $174,400
2021 $3,502 $469,400 $295,000 $174,400
2020 $4,591 $469,400 $295,000 $174,400
2019 $4,539 $469,400 $295,000 $174,400
2018 $4,497 $469,400 $295,000 $174,400
2017 $4,426 $469,400 $295,000 $174,400
2016 $4,257 $469,400 $295,000 $174,400
2015 $4,201 $469,400 $295,000 $174,400
2014 $4,140 $469,400 $295,000 $174,400
Source: Public Records

Agents Affiliated with this Home

  • JACK ZABOROWSKI

    Seller's Agent in 2019

    JACK ZABOROWSKI

    eXp Realty - Ocean City S382K

    (609) 602-7140

    23 in this area

    68 Total Sales

    JACK ZABOROWSKI
    Section Image
  • Ellen McGonigle

    Buyer's Agent in 2019

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    71 in this area

    120 Total Sales

    Ellen McGonigle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 523105

South Jersey Shore Regional MLS

APN: 08-05503-0000-00003-0000-C1

New Jersey Cape May County Ocean City 08226

5541 West Ave Unit 1, Ocean City, NJ

This home is located at 5541 West Ave Unit 1, Ocean City, NJ 08226 since 31 May 2019 and is currently estimated at $938,061. This property was built in 1988. 5541 West 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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