NOT LISTED FOR SALE

5600 Central Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $1,754,895 - $2,303,000

4 Beds
3 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold July 31, 2020

Last sale price $1,099,000

Est. 76% increase in value since last sale

Current estimated payment $11,407/month

101 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Corner Lot
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Furnished

About This Home

As of July 2020

Better views then many first floor beach fronts. This Incredible south-end corner condominium has spectacular view from the large wrap around deck and living areas. This unit features an open great room with living and dining areas as well as a fully equipped updated kitchen with centre island. 4 Large Bedrooms. 2 full bathrooms on the raining living level. 1 Bathroom on the ground never, perfect for cleaning off after the beach. 300 Sq Ft "storage room" on the ground level. This amazing home is offered furnished, with the exception of a few personal items. Call today to schedule a showing.

Last Agent to Sell the Property

Harry Vanderslice

Compass New Jersey-Ocean City (O463H) Listed on: 03/09/2020

Compass New Jersey-Ocean City (O463H)

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

  • $10,199

Lot Details

  • 5,009

Parking

  • 1 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,199

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Furnished
  • Lvt Date: 03/10/2020
  • 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: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Other Rooms: Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

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

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

Lot Info

  • Location: Beach Block, Corner, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2020
Closed on
Jul 28, 2020
Sold by
Simmers Richard and Simmers Nancy
Bought by
Murphy Elizabeth and Oneill Timothy
Seller's Agent
Harry Vanderslice
Compass New Jersey-Ocean City (O463H)
Buyer's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
List Price
$1,124,900
Sold Price
$1,099,000
Premium/Discount to List
-$25,900
-2.3%
Current Estimated Value
$1,937,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$838,474
Avg. Annual Appreciation
11.86%
Original Mortgage
$879,200
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2015
Sold by
Veneziano Vincent J and The Estate Of Jacqueline Venez
Bought by
Simmers Richard and Simmers Nancy

Purchase Details

Closed on
May 20, 2008
Sold by
Veneziano Sebastian J and Veneziano Jacqueline
Bought by
Veneziano Sebastian J and Veneziano Jacqueline
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
Murphy Elizabeth $1,099,000 None Available
Simmers Richard $907,500 The Title Company Of Jersey
Veneziano Sebastian J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Elizabeth $879,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $1,099,000 0.0% --
06/18/2020 06/18/20 Pending -- -- --
06/14/2020 06/14/20 Price Changed $1,099,000 -2.3% --
03/09/2020 03/09/20 For Sale $1,124,900 -- --
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 $10,199 $909,000 $538,100 $370,900
2024 $10,199 $909,000 $538,100 $370,900
2023 $9,735 $909,000 $538,100 $370,900
2022 $9,354 $909,000 $538,100 $370,900
2021 $6,699 $909,000 $538,100 $370,900
2020 $8,559 $875,200 $538,100 $337,100
2019 $8,463 $875,200 $538,100 $337,100
2018 $8,384 $875,200 $538,100 $337,100
2017 $8,253 $875,200 $538,100 $337,100
2016 $7,938 $875,200 $538,100 $337,100
2015 $7,795 $870,900 $538,100 $332,800
2014 -- $870,900 $538,100 $332,800
Source: Public Records

Agents Affiliated with this Home

  • Harry Vanderslice

    Seller's Agent in 2020

    Harry Vanderslice

    Compass New Jersey-Ocean City (O463H)

    (609) 675-1575

    75 in this area

    100 Total Sales

    Harry Vanderslice
    Section Image
  • JOSEPH SHEPPARD

    Buyer's Agent in 2020

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    79 in this area

    96 Total Sales

    JOSEPH SHEPPARD
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 535102

South Jersey Shore Regional MLS

APN: 08-05602-0000-00017-0000-C1

New Jersey Cape May County Ocean City 08226

5600 Central Ave Unit 1, Ocean City, NJ

This home is located at 5600 Central Ave Unit 1, Ocean City, NJ 08226 since 09 March 2020 and is currently estimated at $1,937,474. 5600 Central 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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