NOT LISTED FOR SALE

5560 West Ave Unit First Ocean City, NJ 08226

Estimated Value: $1,108,536 - $1,228,000

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

Last Sold August 27, 2024

Last sale price $1,200,000

Est. 2% decrease in value since last sale

Current estimated payment $6,815/month

20 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Corner Lot
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Great Room

About This Home

As of August 2024

Pristine four-bedroom first floor property located on the northwest corner of West Avenue and 56th Street in the desirable south end of Ocean City. Immaculately maintained by only one owner, this property has a solid 15+ year rental history of repeat tenants; generated $42,000+ in rental income to date for 2024.

Last Agent to Sell the Property

Ellen Senft

BERGER REALTY-A Listed on: 06/26/2024

Last Buyer's Agent

Jennifer Capossela

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,677

Year Built

  • Built in 2004

Lot Details

  • 4,008

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Shades
  • Blinds
  • Great Room
  • Dining Area
  • Carpet

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Parking Pad

Location

  • Ground Level Unit

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Community Details

Amenities

  • Community Deck or Porch

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,677

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Fireplace Equipment, Furnished, Rugs, Shades
  • Lvt Date: 07/11/2024
  • Year Built: 2004
  • Age: 16 To 20 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Primary Br On 1st Floor
  • Common Area Features: Cable Tv, Enclsd/Covered Porch, Outside Shower

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
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Corner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Aug 27, 2024
Sold by
Wolf Douglas C and Wolf Mary Anne
Bought by
My 5560 West Ave Ocnj Llc
Seller's Agent
Ellen Senft
BERGER REALTY-A
Buyer's Agent
Jennifer Capossela
Keller Williams Realty Jersey Shore-Ocean City
List Price
$1,299,000
Sold Price
$1,200,000
Premium/Discount to List
-$99,000
-7.62%
Views
13
Current Estimated Value
$1,175,884

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,116
Avg. Annual Appreciation
-1.81%

Purchase Details

Closed on
Aug 24, 2004
Sold by
Chase Andrew B and Chase Linda
Bought by
Wolf Douglas C and Wolf Mary Anne

Purchase Details

Closed on
Nov 26, 2003
Sold by
Ernst James S
Bought by
Chase Andrew B and Chase Linda
Source: Public Records

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
My 5560 West Ave Ocnj Llc $1,200,000 Title Company Of Jersey
Wolf Douglas C $750,000 Congress Title
Chase Andrew B $630,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2024 08/27/24 Sold $1,200,000 -7.6% --
07/16/2024 07/16/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $1,299,000 -- --
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 $6,677 $595,100 $288,000 $307,100
2024 $6,677 $595,100 $288,000 $307,100
2023 $6,374 $595,100 $288,000 $307,100
2022 $6,124 $595,100 $288,000 $307,100
2021 $4,439 $595,100 $288,000 $307,100
2020 $5,820 $595,100 $288,000 $307,100
2019 $5,755 $595,100 $288,000 $307,100
2018 $5,701 $595,100 $288,000 $307,100
2017 $5,612 $595,100 $288,000 $307,100
2016 $5,398 $595,100 $288,000 $307,100
2015 $5,326 $595,100 $288,000 $307,100
2014 $5,249 $595,100 $288,000 $307,100
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2024

    Ellen Senft

    BERGER REALTY-A

    13 in this area

    15 Total Sales

    Ellen Senft
    Section Image
  • Jennifer Capossela

    Buyer's Agent in 2024

    Jennifer Capossela

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 705-8271

    12 in this area

    110 Total Sales

    Jennifer Capossela
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 587007

South Jersey Shore Regional MLS

APN: 08-05504-0000-00027-0000-C1

New Jersey Cape May County Ocean City 08226

5560 West Ave Unit First, Ocean City, NJ

This home is located at 5560 West Ave Unit First, Ocean City, NJ 08226 since 26 June 2024 and is currently estimated at $1,175,884. This property was built in 2004. 5560 West Ave Unit First 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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