NOT LISTED FOR SALE

615 E 16th St Unit 1 Ocean City, NJ 08226

Estimated Value: $2,082,000

4 Beds
2 Baths
-- Sq Ft
3,964 Sq Ft Lot

Last Sold January 12, 2024

Last sale price $1,755,000

Est. 19% increase in value since last sale

Current estimated payment $12,468/month

84 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Furnished
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Ground Level Unit

About This Home

As of January 2024

Welcome to Santa Rosa. Ocean City's unique and beautiful gated community with lavish amenities, a courtyard, fountains, and stunning views built by Achristavest. It's just steps off the beach and boardwalk at 16th St. This 1st floor condo features 4 bedrooms and 2 baths. The unit has a gourmet kitchen, with a Sub Zero refrigerator and Wolf appliances along with a dining room and living room with multiple Juliette balconies. Open the sliders and enjoy the ocean breeze. The unit is accessed by a common area spiral stair tower featuring handcrafted railings or by elevator. Enjoy beautiful arched mahogany doors, hardwood flooring, and imported marble flooring. Custom closest systems are in all 4 bedrooms including his and hers closets in the master bedrooms. The unit provides amazing boardwalk, beach, and ocean views from the living room, dining room, kitchen, and master bedroom. The home and community have beautiful window boxes throughout with in-box irrigation. The home features a two car garage with a Tesla charger. This fantastic home is a must see to appreciate all the unique features and quality workmanship.

Last Agent to Sell the Property

KEVIN M LASKOWSKI

BERGER REALTY-D Listed on: 10/06/2023

Last Buyer's Agent

Peter Madden

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,738

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Stucco

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Furnished
  • Gas Log Fireplace
  • Shades
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring
  • Water Views
  • Storage In Attic
  • Burglar Security System

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Ground Level Unit

Utilities

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

Community Details

Amenities

  • Building Patio
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,738

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Curtains, Drapes, Fireplace Equipment, Furnished, Rugs, Shades
  • Lvt Date: 10/06/2023
  • Age: 11 To 15 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Burglar Alarm, Central Vacuum, Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Storage Attic
  • Common Area Features: Elevator, Fenced Yard, Outside Shower, Patio, Security

Exterior Features

  • Siding Exterior: Stucco

Garage/Parking

  • Garage: Two Car, Attached Garage

Utilities

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

Lot Info

  • Location: Beach Block, Boardwalk Area, Water View

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Elevator, Fireplace(s), Foyer, Hardwood Floors, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2023
Closed on
Jan 12, 2024
Sold by
Foley Timothy B and Foley Gina Z
Bought by
Ocean Front Development Group Llc
Seller's Agent
KEVIN M LASKOWSKI
BERGER REALTY-D
Buyer's Agent
Peter Madden
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$2,125,000
Sold Price
$1,755,000
Premium/Discount to List
-$370,000
-17.41%
Views
55
Current Estimated Value
$2,082,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,000
Avg. Annual Appreciation
10.98%

Purchase Details

Closed on
Nov 30, 2015
Sold by
Santa Rosa Investments Llc
Bought by
Foley Timothy B and Foley Gina Z

Purchase Details

Closed on
Jul 14, 2010
Sold by
Mita Eustace W
Bought by
Santa Rosa Investments Llc
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
Ocean Front Development Group Llc $1,755,000 The Title Company
Foley Timothy B $1,325,000 Title Company Of Jersey
Santa Rosa Investments Llc $1,347,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Santa Rosa Investments Llc $593,505
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $1,755,000 -12.2% --
12/29/2023 12/29/23 Pending -- -- --
11/04/2023 11/04/23 Price Changed $1,999,999 -5.9% --
10/06/2023 10/06/23 For Sale $2,125,000 -- --
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 $13,738 $1,224,400 $533,500 $690,900
2024 $13,738 $1,224,400 $533,500 $690,900
2023 $13,113 $1,224,400 $533,500 $690,900
2022 $12,305 $1,224,400 $533,500 $690,900
2021 $12,305 $1,224,400 $533,500 $690,900
2020 $11,975 $1,224,400 $533,500 $690,900
2019 $11,840 $1,224,400 $533,500 $690,900
2018 $11,730 $1,224,400 $533,500 $690,900
2017 $11,546 $1,224,400 $533,500 $690,900
2016 $11,105 $1,224,400 $533,500 $690,900
2015 $10,958 $1,224,400 $533,500 $690,900
2014 $10,799 $1,224,400 $533,500 $690,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    KEVIN M LASKOWSKI

    BERGER REALTY-D

    (267) 432-1248

    9 in this area

    10 Total Sales

    KEVIN M LASKOWSKI
    Section Image
  • Peter Madden

    Buyer's Agent in 2024

    Peter Madden

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-4781

    131 in this area

    154 Total Sales

    Peter Madden
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 578514

South Jersey Shore Regional MLS

APN: 08-01501-01-00009-0000-C1

New Jersey Cape May County Ocean City 08226

615 E 16th St Unit 1, Ocean City, NJ

This home is located at 615 E 16th St Unit 1, Ocean City, NJ 08226 since 06 October 2023 and is currently estimated at $2,082,000. 615 E 16th St 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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