NOT LISTED FOR SALE

5555 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,100,000 - $1,283,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $776,200

Est. 51% increase in value since last sale

Current estimated payment $6,740/month

Highlights

  • Furnished
  • Ground Level Unit
  • Kitchen Island
  • Ocean City Primary School Rated A
  • Attached Garage
  • Central Air

About This Home

As of April 2021

Location Location Location! One house to corner then 5 houses to beach! If you are looking for a GREAT investment in an AWESOME beach location, that you can also enjoy with your family, this is it! 25k gross in summer rentals are already booked to put into YOUR pocket! This charming shore retreat includes: 3BRs 2BAs, a large front deck, back-deck with peeks of the ocean from Master BR, new flooring and granite counter tops, attached garage with storage closet, additional parking pad, enclosed outside shower, fully FURNISHED (some personal exceptions), central air, gas heat, & gas fireplace! All just a short walk from Sack O' Subs, Mallon's Bakery, Mike's Seafood, Boyer's Market & the 52nd Street Playground! Contact NOW for showings! This will be gone fast!

Last Agent to Sell the Property

Caroline Watts

BHHS FOX and ROACH-109 34th OC Listed on: 02/17/2021

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

JAMES F MONTELEONE

BERGER REALTY-A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,922

Year Built

  • Built in 2002

Lot Details

  • 3,006

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • Parking Pad

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,922

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Lvt Date: 02/17/2021
  • Year Built: 2002
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Gas Log
  • Bedrooms: 3
  • Full Bathrooms: 2

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Attached Garage
  • Parking Exterior: Parking Pad

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2021
Closed on
Apr 23, 2021
Sold by
Mcarthur Robert D and Mcarthur Deborah D
Bought by
Ada Rapson Rlest Llc
Seller's Agent
Caroline Watts
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
JAMES F MONTELEONE
BERGER REALTY-A
List Price
$759,000
Sold Price
$776,200
Premium/Discount to List
$17,200
2.27%
Current Estimated Value
$1,173,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$397,230
Avg. Annual Appreciation
9.71%
Original Mortgage
$475,000
Outstanding Balance
$428,867
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$744,563

Purchase Details

Closed on
Mar 29, 2002
Sold by
Bourgeois Brian J
Bought by
Mcarthur Robert D and Mcarthur Deborah D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.85%
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
Ada Rapson Rlest Llc $776,200 Surety Title
Ada Rapson Real Estate Llc $776,200 Surety Title
Mcarthur Robert D $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ada Rapson Real Estate Llc $475,000
Closed Ada Rapson Real Estate Llc $475,000
Previous Owner Mcarthur Robert D $300,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $776,200 +2.3% --
02/20/2021 02/20/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $759,000 -- --
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 $5,922 $527,800 $283,500 $244,300
2024 $5,922 $527,800 $283,500 $244,300
2023 $5,653 $527,800 $283,500 $244,300
2022 $5,431 $527,800 $283,500 $244,300
2021 $3,937 $527,800 $283,500 $244,300
2020 $5,162 $527,800 $283,500 $244,300
2019 $5,104 $527,800 $283,500 $244,300
2018 $5,056 $527,800 $283,500 $244,300
2017 $4,977 $527,800 $283,500 $244,300
2016 $4,787 $527,800 $283,500 $244,300
2015 $4,724 $527,800 $283,500 $244,300
2014 $4,655 $527,800 $283,500 $244,300
Source: Public Records

Agents Affiliated with this Home

  • Caroline Watts

    Seller's Agent in 2021

    Caroline Watts

    BHHS Fox & Roach

    (609) 254-4756

    30 in this area

    52 Total Sales

    Caroline Watts
    Section Image
  • JAMES F MONTELEONE

    Buyer's Agent in 2021

    JAMES F MONTELEONE

    BERGER REALTY-A

    (609) 399-4211

    10 in this area

    13 Total Sales

    JAMES F MONTELEONE
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 547308

South Jersey Shore Regional MLS

APN: 08-05502-0000-00003-0000-C1

New Jersey Cape May County Ocean City 08226

5555 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 5555 Asbury Ave Unit 1, Ocean City, NJ 08226 since 17 February 2021 and is currently estimated at $1,173,430. This property was built in 2002. 5555 Asbury 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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