NOT LISTED FOR SALE

635 Ocean Ave Ocean City, NJ 08226

Estimated Value: $1,654,000 - $4,681,000

0.08 Acre
$36,035,875 Price per Acre
3,485 Sq Ft Lot

Last Sold June 30, 2023

Last sale price $1,325,000

Est. 118% increase in value since last sale

Current estimated payment $15,546/month

About This Lot

As of June 2023

Buildable Duplex Lot in the heart of Ocean City NJ! This massive cleared lot is 45 X 130 and ready for your new home. You have multiple options for what you can build. Great Location! Great Building Opportunity! Great Value! See you on the Beach!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 03/14/2023

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 03/14/2023

BHHS FOX and ROACH-Simpson OC

Property Details

Property Type

  • Land

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 45 x 130

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Type: 1 To 6,000 Sqft
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Lot Dimensions: 45 x 130
  • Number Of Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
V2 Properties Entity 7 Llc
Bought by
Shady Holdings Lp
Current Estimated Value
$2,882,870

Purchase Details

Listed on
Mar 14, 2023
Closed on
Aug 9, 2023
Sold by
V2 Properties Entity 7 Llc
Bought by
V2 Properties Entity 7 Llc
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.52%
Original Mortgage
$2,330,457
Interest Rate
6.69%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 14, 2023
Closed on
Jul 20, 2023
Sold by
Raya Michael A and Raya Vincenta
Bought by
V2 Properties Entity 7 Llc
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,330,457
Interest Rate
6.69%
Mortgage Type
Construction

Purchase Details

Listed on
Sep 5, 2021
Closed on
Dec 14, 2021
Sold by
Townsend Ruth E
Bought by
Raya Michael A and Raya Vincenta
Seller's Agent
Brian Logue
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$999,900
Sold Price
$999,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.92%
Original Mortgage
$799,900
Interest Rate
3.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 1992
Sold by
Townsend Floyd W and Townsend Elizabeth J
Bought by
Townsend Floyd W and Townsend Ruth E
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
Shady Holdings Lp $1,725,000 Freedom Title
Shady Holdings Lp $1,725,000 Freedom Title
633-635 Ocean Avenue Condominium -- Freedom Title
633-635 Ocean Avenue Condominium -- Freedom Title
V2 Properties Entity 7 Llc -- Teitler & Teitler Llc
V2 Properties Entity 7 Llc -- Teitler & Teitler Llc
V2 Properties Entity 7 Llc $1,325,000 Freedom Title
Raya Michael A $999,900 Surety Title
Raya Michael A $999,900 Surety Title
Townsend Floyd W -- --
Townsend Floyd W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner V2 Properties Entity 7 Llc $2,330,457
Previous Owner Raya Michael A $799,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold $1,325,000 -5.0% --
03/14/2023 03/14/23 Pending -- -- --
03/14/2023 03/14/23 For Sale $1,395,000 +39.5% --
12/13/2021 12/13/21 Sold $999,900 0.0% -- View Prior Sale
09/18/2021 09/18/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $999,900 -- --
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 $4,582 $2,074,300 $408,400 $1,665,900
2024 $4,582 $408,400 $408,400 $0
2023 $4,374 $408,400 $408,400 $0
2022 $5,778 $561,500 $406,800 $154,700
2021 $5,643 $561,500 $406,800 $154,700
2020 $5,491 $561,500 $406,800 $154,700
2019 $5,430 $561,500 $406,800 $154,700
2018 $5,379 $561,500 $406,800 $154,700
2017 $5,295 $561,500 $406,800 $154,700
2016 $5,093 $561,500 $406,800 $154,700
2015 $5,025 $561,500 $406,800 $154,700
2014 $4,952 $561,500 $406,800 $154,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino

    Seller's Agent in 2023

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    347 in this area

    404 Total Sales

    Michael Contino
    Section Image
  • Brian Logue

    Seller's Agent in 2021

    Brian Logue

    BHHS Fox & Roach

    (609) 827-0820

    110 in this area

    195 Total Sales

    Brian Logue
    Section Image
  • Thomas Kimble

    Seller Co-Listing Agent in 2021

    Thomas Kimble

    BALSLEY/LOSCO

    (609) 839-2154

    2 in this area

    261 Total Sales

    Thomas Kimble
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 572010

South Jersey Shore Regional MLS

APN: 08-00601-0000-00003

New Jersey Cape May County Ocean City 08226

635 Ocean Ave, Ocean City, NJ

Not Listed for Sale

Lots

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