NOT LISTED FOR SALE

617 E 8th St Ocean City, NJ 08226

Estimated Value: $3,757,810

-- Bed
-- Bath
17,254 Sq Ft
$218/Sq Ft Est. Value

About This Home

This home is located at 617 E 8th St, Ocean City, NJ 08226 and is currently estimated at $3,757,810, approximately $217 per square foot. 617 E 8th St 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Bwi Resorts Llc
Bought by
First Knight Blue Water Llc
Current Estimated Value
$3,757,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,680,000
Outstanding Balance
$4,538,294
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
-$780,484

Purchase Details

Closed on
May 12, 2022
Sold by
Sandaway Oc Llc
Bought by
Bwi Resorts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,393,000
Interest Rate
5.3%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 6, 2006
Sold by
Sandaway Llc
Bought by
Sandaway Oc Llc and Mcfadden Ellen N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

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ICE

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First American

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Quantarium

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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
First Knight Blue Water Llc $3,250,000 --
First Knight Blue Water Llc $3,250,000 None Listed On Document
Bwi Resorts Llc $1,575,000 Surety Title
Sandaway Oc Llc $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First Knight Blue Water Llc $4,680,000
Closed First Knight Blue Water Llc $4,680,000
Previous Owner Bwi Resorts Llc $1,393,000
Previous Owner Sandaway Oc Llc $1,400,000
Source: Public Records

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 $13,464 $1,200,000 $701,800 $498,200
2024 $13,464 $1,200,000 $701,800 $498,200
2023 $12,852 $1,200,000 $701,800 $498,200
2022 $12,348 $1,200,000 $701,800 $498,200
2021 $12,060 $1,200,000 $701,800 $498,200
2020 $11,736 $1,200,000 $701,800 $498,200
2019 $11,604 $1,200,000 $701,800 $498,200
2018 $11,496 $1,200,000 $701,800 $498,200
2017 $11,316 $1,200,000 $701,800 $498,200
2016 $10,884 $1,200,000 $701,800 $498,200
2015 $10,740 $1,200,000 $701,800 $498,200
2014 $10,584 $1,200,000 $701,800 $498,200
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

617 E 8th St, Ocean City, NJ

Not Listed for Sale

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