NOT LISTED FOR SALE

5845 Asbury Ave Unit 1 Ocean City, NJ 08226

Estimated Value: $979,670 - $1,181,000

3 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold August 26, 2022

Last sale price $860,000

Est. 22% increase in value since last sale

Current estimated payment $6,022/month

Highlights

  • Wood Flooring
  • Furnished
  • Shades
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Eat-In Kitchen

About This Home

As of August 2022

OPEN HOUSE FRIDAY JULY 1ST FROM 10:00AM - 12:00PM. Great south end condo just steps to the beach. Original Owner used as summer home. Featuring 3 bedrooms and 2 full baths. Well maintained and lots of recent upgrades......2017 LG upgraded stainless steel kitchen appliances and laminate floors, new heater and A/C, 2018 GE washer/dryer, new water heater High end custom plantation shutters throughout. New paint 2020. New floating Mantle 2021. Upgraded with all Smart tvs mounted on walls throughout—. in all 3 bedrooms plus great room Samsung tv with JBL sound system. Front deck with sun shades for sunsets. Back deck has ocean view. House is only steps from the ocean and Corson’s Inlet State Park. Short stroll to 55th street with Sack o subs, Mallon’s, Mike’s Seafood, A La Mode Ice Cream, and Boyar’s. Great destination in OC!

Last Agent to Sell the Property

Chris Monihan

MONIHAN REALTY Listed on: 06/01/2022

Last Buyer's Agent

Eric Millstein

Soleil Sotheby's International Realty - A

Soleil Sotheby's International Realty - A

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,376

Lot Details

  • 3,006

Home Design

  • Vinyl Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Furnished
  • Gas Log Fireplace
  • Shades
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Area

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Carport

Location

  • Ground Level Unit

Utilities

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

Community Details

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,376

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Furnished, Shades
  • Lvt Date: 06/01/2022
  • Age: 21 To 25 Years
  • Number Of Levels In Unit: Two
  • 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, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Eat In Kitchen

Exterior Features

  • Siding Exterior: Stucco, Vinyl

Garage/Parking

  • Parking Exterior: Three Or More Cars, Carport

Utilities

  • Air Conditioner: Central, Electric
  • Heating: Forced Air, Gas-Natural
  • Sewer: Private
  • Water: Private
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Aug 25, 2022
Sold by
Carol Mundell
Bought by
News John P and News Rosemary A
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
Eric Millstein
Soleil Sotheby's International Realty - A
List Price
$925,000
Sold Price
$860,000
Premium/Discount to List
-$65,000
-7.03%
Current Estimated Value
$1,051,418

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,418
Avg. Annual Appreciation
6.70%
Original Mortgage
$647,201
Outstanding Balance
$615,122
Interest Rate
4.63%
Mortgage Type
Balloon
Estimated Equity
$436,296

Purchase Details

Closed on
Dec 7, 2000
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
News John P $860,000 Surety Title
News John P $860,000 Surety Title
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open News John P $647,201
Closed News John P $647,201
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $860,000 -4.3% --
07/14/2022 07/14/22 Pending -- -- --
06/27/2022 06/27/22 Price Changed $899,000 -2.8% --
06/01/2022 06/01/22 For Sale $925,000 -- --
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 $5,376 $479,100 $297,700 $181,400
2024 $5,376 $479,100 $297,700 $181,400
2023 $5,131 $479,100 $297,700 $181,400
2022 $4,930 $479,100 $297,700 $181,400
2021 $3,574 $479,100 $297,700 $181,400
2020 $4,686 $479,100 $297,700 $181,400
2019 $4,633 $479,100 $297,700 $181,400
2018 $4,590 $479,100 $297,700 $181,400
2017 $4,518 $479,100 $297,700 $181,400
2016 $4,345 $479,100 $297,700 $181,400
2015 $4,288 $479,100 $297,700 $181,400
2014 $4,226 $479,100 $297,700 $181,400
Source: Public Records

Agents Affiliated with this Home

  • Chris Monihan

    Seller's Agent in 2022

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    84 in this area

    107 Total Sales

    Chris Monihan
    Section Image
  • Eric Millstein

    Buyer's Agent in 2022

    Eric Millstein

    Solei SIR Margate

    (609) 892-9947

    1 in this area

    161 Total Sales

    Eric Millstein
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 563618

South Jersey Shore Regional MLS

APN: 08-05802-0000-00005-0000-C1

New Jersey Cape May County Ocean City 08226

5845 Asbury Ave Unit 1, Ocean City, NJ

This home is located at 5845 Asbury Ave Unit 1, Ocean City, NJ 08226 since 01 June 2022 and is currently estimated at $1,051,418. 5845 Asbury 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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