NOT LISTED FOR SALE

616 Pleasure Ave Unit 7 Ocean City, NJ 08226

Estimated Value: $708,000 - $1,043,000

2 Beds
2 Baths
-- Sq Ft
0.42 Acres

Last Sold May 12, 2016

Last sale price $445,000

Est. 110% increase in value since last sale

Current estimated payment $5,260/month

27 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Deck
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Furnished
  • Entrance Foyer

About This Home

As of May 2016

Beautifully and tastefully decorated, including new kitchen with granite countertops, glass tile backsplash, stainless appliances. Bathrooms completely upgraded; beautifully tiled (walk-in glass shower in master). Living area floor completely tiled. Unbelievable open bay views to enjoy year 'round. Boatslips available at no add'l charge.

Last Agent to Sell the Property

Kathy Ridge

3DX Real Estate, LLC License #9483570 Listed on: 02/11/2016

3DX Real Estate, LLC

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

  • $4,314

Year Built

  • Built in 1981

Lot Details

  • 0.42

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Dining Area
  • Carpet
  • Water Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Deck
  • Property Fronts a Bay or Harbor
  • Ground Level Unit

Community Details

Overview

  • Association fees include insurance, maintenance, management, trash
  • Sunset Harbour Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,314

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Drapes, Fireplace Equipment, Furnished, Rugs
  • Lvt Date: 02/12/2016
  • Year Built: 1981
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Dining Area
  • Common Area Features: Deck/Porch

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Management, Trash
  • Condo Name: Sunset Harbour
  • Management: Association

Lot Info

  • Location: Bay Front, Bulkheaded

Rental Info

  • Pets: Yes

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
Madrigale Jr Arnold J and Madrigale Denise R
Bought by
Schultz Nicholas and Schultz Jessica
Current Estimated Value
$934,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$647,000
Outstanding Balance
$618,379
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$315,826

Purchase Details

Listed on
Feb 11, 2016
Closed on
May 4, 2016
Sold by
Rudolph Robert and Rudolph Eleanor
Bought by
Madrigale Arnold J and Madrigale Ddenise R
Seller's Agent
Kathy Ridge
3DX Real Estate, LLC
Buyer's Agent
Daniel Maimone
Compass New Jersey-Ocean City (O463E)
List Price
$445,000
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Jun 30, 2011
Sold by
Algayer Kurt and Algayer Tracey
Bought by
Rudolph Robert and Rudolph Eleanor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 30, 2010
Sold by
Algayer Kurt and Algayer Goitia Melinda Hope
Bought by
Algayer Kurt and Algayer Tracey

Purchase Details

Closed on
Nov 20, 1997
Sold by
Reed Paul R
Bought by
Algayer Alan W and Algayer Patricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
7.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 1991
Sold by
Dellavecchia Sr James L and Dellavecchia Helen D
Bought by
Reed Paul R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Schultz Nicholas $900,000 Freedom Title
Schultz Nicholas $900,000 Freedom Title
Madrigale Arnold J $445,000 Brennan Title Abstract
Rudolph Robert $320,000 Fidelity Natl Title Ins Co
Algayer Kurt -- None Available
Algayer Alan W $180,000 --
Reed Paul R $211,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schultz Nicholas $647,000
Closed Schultz Nicholas $647,000
Previous Owner Rudolph Robert $256,000
Previous Owner Algayer Alan W $144,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2016 05/12/16 Sold $445,000 0.0% --
03/09/2016 03/09/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $445,000 -- --
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 $4,314 $384,500 $202,200 $182,300
2024 $4,314 $384,500 $202,200 $182,300
2023 $4,118 $384,500 $202,200 $182,300
2022 $3,957 $384,500 $202,200 $182,300
2021 $3,864 $384,500 $202,200 $182,300
2020 $3,760 $384,500 $202,200 $182,300
2019 $3,718 $384,500 $202,200 $182,300
2018 $3,453 $384,500 $202,200 $182,300
2017 $3,270 $384,500 $202,200 $182,300
2016 $2,895 $319,200 $202,200 $117,000
2015 $2,857 $319,200 $202,200 $117,000
2014 $2,815 $319,200 $202,200 $117,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Kathy Ridge

    3DX Real Estate, LLC

    Section Image
  • Daniel Maimone

    Buyer's Agent in 2016

    Daniel Maimone

    Compass New Jersey-Ocean City (O463E)

    (609) 670-9978

    44 in this area

    47 Total Sales

    Daniel Maimone
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 462697

South Jersey Shore Regional MLS

APN: 08-00610-0000-00001-0000-C7

New Jersey Cape May County Ocean City 08226

616 Pleasure Ave Unit 7, Ocean City, NJ

This home is located at 616 Pleasure Ave Unit 7, Ocean City, NJ 08226 since 11 February 2016 and is currently estimated at $934,205. This property was built in 1981. 616 Pleasure Ave Unit 7 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.

Nearby Homes