NOT LISTED FOR SALE

56 West Ave Ocean City, NJ 08226

Estimated Value: $1,601,000 - $1,896,000

4 Beds
3.5 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold October 07, 2020

Last sale price $875,575

Est. 92% increase in value since last sale

Current estimated payment $9,620/month

195 Days on Market

Highlights

  • New Construction
  • Deck
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Living Room with Fireplace
  • Porch

About This Home

As of October 2020

Brand new single family home will be ready for "Spring" delivery. Located in a quiet north end neighborhood with a playground just down the block. Plenty of time for your client to customize this home with selections !!

Last Agent to Sell the Property

Tim McLaughlin

MONIHAN REALTY Listed on: 08/20/2019

Last Buyer's Agent

Brian Logue

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,747

Lot Details

  • Lot Dimensions are 30 x 100
  • Sprinkler System

Parking

  • 1 Car Garage

Home Design

  • New Construction
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Storage

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,747

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 0 To 1 Year
  • Lvt Date: 08/20/2019
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Fireplace: Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Eat In Kitchen

Exterior Features

  • Outside Features: Deck, Outside Shower, Porch, Sidewalks, Sprinkler System
  • Siding Exterior: Stucco, Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 30 x 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Oct 6, 2020
Sold by
Ocean City Dev Grp Llc
Bought by
Demarest Stephen C and Demarest Tracy B
Seller's Agent
Tim McLaughlin
MONIHAN REALTY
Buyer's Agent
Brian Logue
BHHS FOX and ROACH-Simpson OC
List Price
$879,000
Sold Price
$875,575
Premium/Discount to List
-$3,425
-0.39%
Current Estimated Value
$1,676,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$801,397
Avg. Annual Appreciation
13.82%
Original Mortgage
$692,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2019
Sold by
Radovan T Bratic Ft
Bought by
Ocean City Development

Purchase Details

Closed on
Dec 20, 2007

Purchase Details

Closed on
Aug 9, 2007
Sold by
Teresa Bratic Family Trust
Bought by
Bratic Radovan
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
Demarest Stephen C $865,000 Misc Company
Demarest Stephen C $865,000 None Listed On Document
Ocean City Development $257,000 Freedom Title
-- $100 --
Bratic Radmila -- None Available
Bratic Radovan -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demarest Stephen C $692,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $875,575 -0.4% --
03/02/2020 03/02/20 Pending -- -- --
08/20/2019 08/20/19 For Sale $879,000 -- --
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 $8,747 $779,600 $225,000 $554,600
2024 $8,747 $779,600 $225,000 $554,600
2023 $8,350 $779,600 $225,000 $554,600
2022 $8,022 $779,600 $225,000 $554,600
2021 $5,816 $779,600 $225,000 $554,600
2020 $2,201 $225,000 $225,000 $0
2019 $2,176 $225,000 $225,000 $0
2018 $2,156 $225,000 $225,000 $0
2017 $2,122 $225,000 $225,000 $0
2016 $2,041 $225,000 $225,000 $0
2015 $2,014 $225,000 $225,000 $0
2014 $2,117 $240,000 $240,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Tim McLaughlin

    Seller's Agent in 2020

    Tim McLaughlin

    MONIHAN REALTY

    (609) 576-0002

    48 in this area

    62 Total Sales

    Tim McLaughlin
    Section Image
  • Brian Logue

    Buyer's Agent in 2020

    Brian Logue

    BHHS Fox & Roach

    (609) 827-0820

    114 in this area

    199 Total Sales

    Brian Logue
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 526750

South Jersey Shore Regional MLS

APN: 08-00012-0000-00016

New Jersey Cape May County Ocean City 08226

56 West Ave, Ocean City, NJ

This home is located at 56 West Ave, Ocean City, NJ 08226 since 20 August 2019 and is currently estimated at $1,676,972. 56 West Ave 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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