NOT LISTED FOR SALE

605 3rd St Ocean City, NJ 08226

Estimated Value: $1,747,000 - $2,696,000

Studio
-- Bath
2,898 Sq Ft
$736/Sq Ft Est. Value

Sale Details

Date Sold: February 7, 2013

Last sale price $440,000 $152 Per Sq Ft

Est. 385% increase in value since last sale

Current estimated payment $11,823 / mo

75 Days on Market

Highlights

  • Porch
  • Ocean City Primary School Rated A
  • 3-minute walk to Lake Memorial Park

About This Home

As of February 2013

Five unit building in a family neighborhood just a few blocks to the beach. Adorable front efficiency cottage with loft and large four (4) unit building behind the cottage. One parking spot per unit, 100% occupied, separate gas and electric meters, state inspected and approved building. Positive cash flow. Don't miss this fantastic opportunity AND the owner is motivated. Appointment necessary as co-operative tenants must be notified. Annual gross is over $49,000.

Last Agent to Sell the Property

Karen Eisenhardt

Fox Real Estate-Ocean Listed on: 06/10/2012

Last Buyer's Agent

Kevin Mcgonigle

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Multi-Family

Lot Details

  • 5,271

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters

Additional Features

  • Porch
  • Lot Dimensions are 52.5 x 100

Community Details

  • 5 Units

Property Details

Home Type

Multi-Family

Lot Details

5,271 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Outside Features: Porch

Garage/Parking

  • Driveway: Concrete

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 52.5 x 100

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Efficiency Units: 1
  • Number Of Units: 5
  • Number Of1 Bedroom Units: 1
  • Number Of2 Bedroom Units: 2
  • Number Of3 Bedroom Units: 1
  • Separate Meters: Cable Tv, Electric, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2023
Sold by
Seaside Escapes Llc
Bought by
605 3Rd Street Llc
Current Estimated Value
$2,133,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$957,399
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$1,175,810

Purchase Details

Listed on
Jun 10, 2012
Closed on
Feb 7, 2013
Sold by
Dailyda John and Dailyda Kimberly
Bought by
Seasides Escapes Llc
Seller's Agent
Karen Eisenhardt
Fox Real Estate-Ocean
Buyer's Agent
Kevin Mcgonigle
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$440,000
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.72%
Original Mortgage
$330,000
Interest Rate
3.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 27, 1999
Sold by
Aust Nancy Carole
Bought by
Dailyda John and Dailyda Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.78%

Purchase Details

Closed on
Mar 19, 1996
Sold by
Butler Nancy
Bought by
Aust Nancy Carole R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.99%

Purchase Details

Closed on
Jun 6, 1991
Sold by
Campbell Rosemarie A Aka Wigo
Bought by
Butler Dennis and Butler Nancy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
605 3Rd Street Llc $1,300,000 Surety Title
605 3Rd Street Llc $1,300,000 Surety Title
Seasides Escapes Llc $440,000 Surety Title
Dailyda John $250,000 --
Aust Nancy Carole R $200,000 --
Butler Dennis -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 605 3Rd Street Llc $975,000
Closed 605 3Rd Street Llc $975,000
Previous Owner Seasides Escapes Llc $330,000
Previous Owner Dailyda John $200,000
Previous Owner Aust Nancy Carole R $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2013 02/07/13 Sold $440,000 0.0% $152 / Sq Ft
08/24/2012 08/24/12 Pending -- -- --
06/10/2012 06/10/12 For Sale $440,000 -- $152 / Sq Ft
Source: South Jersey Shore Regional MLS

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 $6,155 $548,600 $390,600 $158,000
2024 $6,155 $548,600 $390,600 $158,000
2023 $4,694 $438,300 $390,600 $47,700
2022 $4,510 $438,300 $390,600 $47,700
2021 $4,405 $438,300 $390,600 $47,700
2020 $4,287 $438,300 $390,600 $47,700
2019 $4,238 $438,300 $390,600 $47,700
2018 $4,199 $438,300 $390,600 $47,700
2017 $4,133 $438,300 $390,600 $47,700
2016 $3,975 $438,300 $390,600 $47,700
2015 $3,923 $438,300 $390,600 $47,700
2014 $3,866 $438,300 $390,600 $47,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2013

    Karen Eisenhardt

    Fox Real Estate-Ocean

    29 in this area

    30 Total Sales

    Karen Eisenhardt
    Section Image
  • Kevin Mcgonigle

    Buyer's Agent in 2013

    Kevin Mcgonigle

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 226-6046

    19 in this area

    61 Total Sales

    Kevin Mcgonigle
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 396245

South Jersey Shore Regional MLS

APN: 08-00208-0000-00002

New Jersey Cape May County Ocean City 08226

605 3rd St, Ocean City, NJ

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