NOT LISTED FOR SALE

59 W 16th St Ocean City, NJ 08226

Estimated Value: $829,000 - $1,454,000

3 Beds
2 Baths
990 Sq Ft
$1,045/Sq Ft Est. Value

Last Sold December 29, 2020

Last sale price $494,500 $499 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,731/month

Highlights

  • Water Views
  • Deck
  • Main Floor Bedroom
  • Ocean City Primary School Rated A
  • Wood Flooring
  • 4-minute walk to 14 Th Street Playground

About This Home

As of December 2020

Charming raised cottage in a lovely waterfront neighborhood with bay views. Enjoy single family living with a ton of opportunity to customize. The home features hardwood floors, an open living/dining area, kitchen, two bedrooms and one full bath on the main level. A separate entrance and top floor features another living space or third bedroom with additional full bath ready for you to make your own. The home was raised and features plenty of storage below the home, a one car garage, patio area and off street parking. Purchase now and enjoy spectacular sunsets and bay views. Call now for more details.

Last Agent to Sell the Property

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 09/25/2020

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 09/25/2020

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,642

Year Built

  • Built in 1932

Lot Details

  • 1,612

Parking

  • 1 Car Attached Garage

Home Design

  • Cottage
  • Vinyl Siding

Interior Spaces

  • Blinds
  • Dining Area
  • Storage
  • Water Views
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 25 x 65

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,642

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Cottage
  • Age: 25+ Years
  • Also Includes: Blinds
  • Lvt Date: 09/25/2020
  • Year Built: 1932
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Carbon Monoxide Detector, Storage, Smoke/Fire Alarm
  • Bedrooms: 3
  • Bedroom 1: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Bathroom 1 Level: Main
  • Bathroom 2 Level: Upper
  • Basement: 6 Ft. Or More Head Room, Crawl Space
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Dining Area

Exterior Features

  • Outside Features: Curbs, Deck, Paved Road, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Attached Garage
  • Parking Exterior: Two Car

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Water View
  • Lot Dimensions: 25 x 65
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
Dec 29, 2020
Sold by
Reto Suzanne
Bought by
Pickett James L and Pickett Anne L
Seller's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$529,000
Sold Price
$494,500
Premium/Discount to List
-$34,500
-6.52%
Current Estimated Value
$1,034,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,336
Avg. Annual Appreciation
16.52%
Original Mortgage
$364,500
Outstanding Balance
$324,685
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$710,151

Purchase Details

Closed on
Apr 27, 2015
Sold by
Reto Suzanne
Bought by
Reto Suzanne

Purchase Details

Closed on
Oct 8, 2003

Purchase Details

Closed on
Sep 12, 2003
Sold by
Howe Meredith C
Bought by
Fuschillo David H

Purchase Details

Closed on
Jun 17, 1992
Sold by
Reto John J
Bought by
Reto Suzanne T
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
Pickett James L $494,500 Misc Company
Reto Suzanne -- None Available
-- -- --
Fuschillo David H $510,000 --
Reto Suzanne T $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pickett James L $364,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $494,500 -3.0% $499 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
10/15/2020 10/15/20 Price Changed $509,900 -3.6% $515 / Sq Ft
09/25/2020 09/25/20 For Sale $529,000 -- $534 / Sq Ft
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 $3,642 $324,600 $217,100 $107,500
2024 $3,642 $324,600 $217,100 $107,500
2023 $3,476 $324,600 $217,100 $107,500
2022 $3,340 $324,600 $217,100 $107,500
2021 $2,417 $324,000 $217,100 $106,900
2020 $3,169 $324,000 $217,100 $106,900
2019 $3,133 $324,000 $217,100 $106,900
2018 $3,104 $324,000 $217,100 $106,900
2017 $3,055 $324,000 $217,100 $106,900
2016 $2,939 $324,000 $217,100 $106,900
2015 $2,900 $275,800 $217,100 $58,700
2014 -- $275,800 $217,100 $58,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542642

South Jersey Shore Regional MLS

APN: 08-01510-0000-00029