$983,000
SOLD FEB 24, 2025

57 Central Ave Ocean City, NJ 08226

2 Beds
1 Bath
1,112 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$884 Per Sq Ft

57% Above List Price

3 Days on Market

Highlights

  • Engineered Wood Flooring
  • 1 Fireplace
  • Sitting Room
  • Ocean City Primary School Rated A
  • No HOA
  • Patio

About This Home

As of February 2025

Charming 2-Bedroom Bungalow in Ocean City’s North End

Nestled in the sought-after North End of Ocean City, NJ, on the edge of the Gardens, this delightful 2-bedroom, 1-bathroom bungalow offers a rare opportunity to own a piece of paradise in this premier vacation destination. Situated on a spacious lot, the home boasts a detached storage building, providing ample room for beach gear, bikes, and more.

This property is in good condition and presents itself as a turnkey rental opportunity for savvy investors or an idyllic retreat for personal use. The home’s charm and prime location make it easy to attract renters, while the generous lot size offers potential for redevelopment or expansion to create your dream coastal getaway.

Located just minutes from Ocean City’s world-class beaches, boardwalk, and attractions, this property combines coastal living with investment potential. Don’t miss out on this rare opportunity to own a single family home in one of the most desirable areas of town!

Last Agent to Sell the Property

Gillian Rust

RE/MAX Preferred - Mullica Hill Listed on: 01/21/2025

RE/MAX Preferred - Mullica Hill

Co-Listed By

Mark Hebert

RE/MAX Preferred - Sewell License #NJ-0234790

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,198

Year Built

  • Built in 1921

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00
  • Back and Front Yard
  • Property is in good condition

Home Design

  • Bungalow
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,112 Sq Ft Home
  • Property has 1 Level
  • 1 Fireplace
  • Family Room
  • Sitting Room
  • Dining Room
  • Engineered Wood Flooring
  • Crawl Space
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • On-Street Parking

Outdoor Features

  • Patio
  • Storage Shed

Schools

  • Ocean City Intermediate Middle School
  • Ocean City High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Northern End Subdivision

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 08-00009-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,198

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Exclusions: Sellers Personal Property
  • Inclusions: Appliances as shown
  • New Construction: No
  • Story List: Main
  • Year Built: 1921
  • Automatically Close On Close Date: No
  • Remarks Public: Charming 2-Bedroom Bungalow in Ocean City’s North End Nestled in the sought-after North End of Ocean City, NJ, on the edge of the Gardens, this delightful 2-bedroom, 1-bathroom bungalow offers a rare opportunity to own a piece of paradise in this premier vacation destination. Situated on a spacious lot, the home boasts a detached storage building, providing ample room for beach gear, bikes, and more. This property is in good condition and presents itself as a turnkey rental opportunity for savvy investors or an idyllic retreat for personal use. The home’s charm and prime location make it easy to attract renters, while the generous lot size offers potential for redevelopment or expansion to create your dream coastal getaway. Located just minutes from Ocean City’s world-class beaches, boardwalk, and attractions, this property combines coastal living with investment potential. Don’t miss out on this rare opportunity to own a single family home in one of the most desirable areas of town!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Engineered Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Dining Room, Sitting Room, Kitchen, Family Room
  • Basement: No
  • Laundry Type: Has Laundry, Main Floor, Washer In Unit, Dryer In Unit
  • Total Sq Ft: 1112
  • Living Area Sq Ft: 1112
  • Price Per Sq Ft: 562.05
  • Above Grade Finished Sq Ft: 1112
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 57

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Frame
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • Middle School: OCEAN CITY INTERMEDIATE M.S.
  • High School: OCEAN CITY H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200397020
  • School District Source: Listing Agent
  • High School: OCEAN CITY H.S.
  • Middle Or Junior School: OCEAN CITY INTERMEDIATE M.S.

Lot Info

  • Lot Features: Front Yard, Rear Yard
  • Lot Size Acres: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4000.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Year Assessed: 2024
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4198.00
  • Assessor Parcel Number: 08-00009-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 1112
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 02/24/2025

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2025
Closed on
Feb 24, 2025
Sold by
Spina Mechanical Contracting Inc
Bought by
Rancor Properties Llc
Seller's Agent
Gillian Rust
RE/MAX Preferred - Mullica Hill
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$625,000
Sold Price
$983,000
Premium/Discount to List
$358,000
57.28%
Views
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.37%

Purchase Details

Closed on
Feb 22, 1988
Bought by
Spina Mechanical Contracting Inc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $983,000 Fidelity National Title
Deed $983,000 Fidelity National Title
Deed $96,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $2,349,000 +139.0% --
02/24/2025 02/24/25 Sold $983,000 +57.3% $884 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/21/2025 01/21/25 For Sale $625,000 -- $562 / Sq Ft
Source: Bright 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
2024 $4,199 $374,200 $351,000 $23,200
2023 $4,008 $374,200 $351,000 $23,200
2022 $3,851 $374,200 $351,000 $23,200
2021 $2,792 $374,200 $351,000 $23,200
2020 $3,660 $374,200 $351,000 $23,200
2019 $3,619 $374,200 $351,000 $23,200
2018 $3,585 $374,200 $351,000 $23,200
2017 $3,529 $374,200 $351,000 $23,200
2016 $3,394 $374,200 $351,000 $23,200
2015 $3,349 $374,200 $351,000 $23,200
2014 $3,300 $374,200 $351,000 $23,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCM2004594

Bright MLS

APN: 08-00009-0000-00004