NOT LISTED FOR SALE

701 Atlantic Ave Unit 305 Ocean City, NJ 08226

Estimated Value: $327,000 - $422,000

1 Bed
1 Bath
474 Sq Ft
6,490 Sq Ft Lot

Last Sold June 15, 2012

Last sale price $155,000 $327 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $2,055/month

34 Days on Market

Highlights

  • Unit is on the top floor
  • Building is beachfront but unit may not have water views
  • Furnished
  • Ocean City Primary School Rated A
  • Deck
  • Elevator

About This Home

As of June 2012

Charming beach block get away. Brand new furniture! Great sun deck for owners use only. Pet friendly! Washer and dryer in unit. Outside shower. Close to everything, beach, boardwalk and shopping!

Last Agent to Sell the Property

PETER HARP

BERGER REALTY-D License #SP-9700137 Listed on: 04/01/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,581

Lot Details

  • 6,490

Home Design

  • Aluminum Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Shades
  • Drapes & Rods
  • Blinds
  • Dining Area

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views
  • Unit is on the top floor

Community Details

Overview

  • Association fees include insurance, maintenance, sewer, trash, water
  • Atlantic Ave Condos

Amenities

  • Elevator

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,581

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Motel
  • Also Includes: Blinds, Curtains, Furnished, Shades
  • Age: 21 To 25 Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Top Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Dining Area
  • Common Area Features: Deck/Porch, Elevator, Outside Shower

Exterior Features

  • Siding Exterior: Aluminum

Utilities

  • Air Conditioner: Wall Units
  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Insurance, Maintenance, Sewer, Trash, Water
  • Condo Name: Atlantic Ave
  • Management: Association

Lot Info

  • Location: Beach Block

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2012
Closed on
Jun 15, 2012
Sold by
Schenck William and Schenk Deborah Ann
Bought by
Schroeder James F and Schroeder Mary Katharine
Seller's Agent
PETER HARP
BERGER REALTY-D
List Price
$155,000
Sold Price
$155,000
Current Estimated Value
$367,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,264
Avg. Annual Appreciation
6.66%
Original Mortgage
$116,250
Outstanding Balance
$80,603
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$286,661

Purchase Details

Closed on
May 14, 2010
Sold by
Degrazio Gerald A and Degrazio Frances L
Bought by
Schenck William and Schenck Deborah Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
5.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Schroeder James F $155,000 The Title Company Of Jersey
Schenck William $185,000 Shore Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schroeder James F $116,250
Previous Owner Schenck William $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2012 06/15/12 Sold $155,000 0.0% $327 / Sq Ft
05/05/2012 05/05/12 Pending -- -- --
04/01/2012 04/01/12 For Sale $155,000 -- $327 / Sq Ft
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 $1,581 $140,900 $69,300 $71,600
2024 $1,581 $140,900 $69,300 $71,600
2023 $1,509 $140,900 $69,300 $71,600
2022 $1,450 $140,900 $69,300 $71,600
2021 $1,051 $140,900 $69,300 $71,600
2020 $1,378 $140,900 $69,300 $71,600
2019 $1,363 $140,900 $69,300 $71,600
2018 $1,350 $140,900 $69,300 $71,600
2017 $1,329 $140,900 $69,300 $71,600
2016 $1,278 $140,900 $69,300 $71,600
2015 $1,261 $140,900 $69,300 $71,600
2014 $1,243 $140,900 $69,300 $71,600
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2012

    PETER HARP

    BERGER REALTY-D

    (609) 390-9313

    PETER HARP
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 392908

South Jersey Shore Regional MLS

APN: 08-00701-0000-00001-0000-C305

New Jersey Cape May County Ocean City 08226

701 Atlantic Ave Unit 305, Ocean City, NJ

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