NOT LISTED FOR SALE

5716 Central Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $748,758 - $942,000

2 Beds
1 Bath
-- Sq Ft
8,015 Sq Ft Lot

Last Sold June 07, 2019

Last sale price $505,000

Est. 72% increase in value since last sale

Current estimated payment $4,993/month

Highlights

  • Ocean Front
  • Building is beachfront but unit may not have water views
  • End Unit
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Outdoor Community Showers

About This Home

As of June 2019

Totally renovated unit, down to the studs, with spectacular unobstructed ocean views. One of a kind unit in the far southend.

Last Agent to Sell the Property

Kevin Redmond

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St Listed on: 05/26/2019

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Last Buyer's Agent

Daniel Maimone

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,356

Year Built

  • Built in 1965

Lot Details

  • Building is beachfront but unit may not have water views
  • Ocean Front
  • End Unit

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Wood Flooring
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Assigned Parking

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Additional Features

  • Association fees include insurance, maintenance, management, sewer, trash, water
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,356

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Lvt Date: 06/03/2019
  • Year Built: 1965
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Second Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Common Area Features: Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: One Car, Assigned

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Sewer, Trash, Water
  • Management: Association, Co-Owner

Lot Info

  • Location: Beach Block, Ocean Front, Water View

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2019
Closed on
Jun 7, 2019
Sold by
Yates Edward and Yates Lisa
Bought by
Petrulio Linda
Seller's Agent
Kevin Redmond
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
Buyer's Agent
Daniel Maimone
Compass New Jersey-Ocean City (O463E)
List Price
$519,000
Sold Price
$505,000
Premium/Discount to List
-$14,000
-2.7%
Current Estimated Value
$869,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,940
Avg. Annual Appreciation
8.99%

Purchase Details

Closed on
Aug 10, 2015
Sold by
Potts Ruth E Rev Lvg Trust
Bought by
Yates Edward and Yates Lisa

Purchase Details

Closed on
Jun 16, 2004
Sold by
Potts Ruth E
Bought by
Ruth E Potts Revocable Living Trust
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
Petrulio Linda $505,000 --
Yates Edward $340,000 --
Ruth E Potts Revocable Living Trust -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2019 06/07/19 Sold $505,000 -2.7% --
05/26/2019 05/26/19 Pending -- -- --
05/26/2019 05/26/19 For Sale $519,000 -- --
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 $4,356 $388,200 $246,100 $142,100
2024 $4,356 $388,200 $246,100 $142,100
2023 $4,158 $388,200 $246,100 $142,100
2022 $3,995 $388,200 $246,100 $142,100
2021 $2,896 $388,200 $246,100 $142,100
2020 $3,797 $388,200 $246,100 $142,100
2019 $3,315 $342,800 $246,100 $96,700
2018 $3,284 $342,800 $246,100 $96,700
2017 $3,233 $342,800 $246,100 $96,700
2016 $3,109 $342,800 $246,100 $96,700
2015 $3,068 $342,800 $246,100 $96,700
2014 $3,024 $342,800 $246,100 $96,700
Source: Public Records

Agents Affiliated with this Home

  • Kevin Redmond

    Seller's Agent in 2019

    Kevin Redmond

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (609) 513-6220

    70 in this area

    102 Total Sales

    Kevin Redmond
    Section Image
  • Daniel Maimone

    Buyer's Agent in 2019

    Daniel Maimone

    Compass New Jersey-Ocean City (O463E)

    (609) 670-9978

    48 in this area

    51 Total Sales

    Daniel Maimone
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 523197

South Jersey Shore Regional MLS

APN: 08-05702-0000-00021-0000-C2

New Jersey Cape May County Ocean City 08226

5716 Central Ave Unit 2, Ocean City, NJ

This home is located at 5716 Central Ave Unit 2, Ocean City, NJ 08226 since 26 May 2019 and is currently estimated at $869,940. This property was built in 1965. 5716 Central Ave Unit 2 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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