NOT LISTED FOR SALE

705 Ocean Ave Ocean City, NJ 08226

Estimated Value: $864,000 - $2,392,000

8 Beds
6 Baths
-- Sq Ft
2,091 Sq Ft Lot

Last Sold May 17, 2013

Last sale price $320,000

Est. 310% increase in value since last sale

Current estimated payment $7,241/month

141 Days on Market

Highlights

  • The property is located in a historic district
  • Deck
  • Dining Room
  • Ocean City Primary School Rated A
  • Patio
  • 4-minute walk to Veterans Memorial Park

About This Home

As of May 2013

Classic Ocean City home within the Historic District suitable as a single family home or duplex. Interior stairway, patio, front and rear decks. "Formal Dining Room". Bring your toolbox - needs work. Convenient to downtown, beach and boardwalk.

Last Agent to Sell the Property

James Marshall

Compass New Jersey-Ocean City (O463E) Listed on: 11/23/2012

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Daniel Maimone

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 30 x 70
  • Fenced
  • Historic Home

Home Design

  • Asbestos Siding

Interior Spaces

  • Dining Room
  • Carpet
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Additional Features

  • The property is located in a historic district
  • Heating System Uses Oil

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Historical
  • Age: 25+ Years
  • Year Built: 1912
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring: W/W Carpet
  • Bedrooms: 8
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Other Rooms: Dining Room

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Needs Work, Patio, Sidewalks
  • Siding Exterior: Asbestos, Masonry/Block

Utilities

  • Heating: Oil, Radiator
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Historical District
  • Lot Dimensions: 30 x 70
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2012
Closed on
May 17, 2013
Sold by
Ricketti Marie
Bought by
Torino Alfonso and Torino Silvia E
Seller's Agent
James Marshall
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Daniel Maimone
Compass New Jersey-Ocean City (O463E)
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$1,312,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$992,148
Avg. Annual Appreciation
12.67%

Purchase Details

Closed on
Jan 27, 2004
Sold by
Ribill Llc
Bought by
Diantonio Fredric and Diantonio William

Purchase Details

Closed on
Nov 19, 2001
Sold by
Bromhead Timothy
Bought by
Ricketti Marie

Purchase Details

Closed on
Jul 21, 1997
Sold by
Smith Francis
Bought by
Bromhead Timothy and Bromhead Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
7.7%

Purchase Details

Closed on
Apr 18, 1997
Sold by
Annimark Ltd
Bought by
Paljac Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
7.77%
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
Torino Alfonso $320,000 North American Title
Diantonio Fredric -- --
Ricketti Marie $240,000 --
Bromhead Timothy $160,000 --
Paljac Inc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bromhead Timothy $152,000
Previous Owner Paljac Inc $385,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2013 05/17/13 Sold $320,000 0.0% --
04/13/2013 04/13/13 Pending -- -- --
11/23/2012 11/23/12 For Sale $320,000 -- --
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 $4,071 $362,800 $300,700 $62,100
2024 $4,071 $362,800 $300,700 $62,100
2023 $3,886 $362,800 $300,700 $62,100
2022 $3,733 $362,800 $300,700 $62,100
2021 $2,706 $362,800 $300,700 $62,100
2020 $3,548 $362,800 $300,700 $62,100
2019 $3,508 $362,800 $300,700 $62,100
2018 $3,476 $362,800 $300,700 $62,100
2017 $3,421 $362,800 $300,700 $62,100
2016 $3,291 $362,800 $300,700 $62,100
2015 $3,247 $362,800 $300,700 $62,100
2014 $3,200 $362,800 $300,700 $62,100
Source: Public Records

Agents Affiliated with this Home

  • James Marshall

    Seller's Agent in 2013

    James Marshall

    Compass New Jersey-Ocean City (O463E)

    (609) 602-3243

    20 in this area

    26 Total Sales

    James Marshall
    Section Image
  • Daniel Maimone

    Buyer's Agent in 2013

    Daniel Maimone

    Compass New Jersey-Ocean City (O463E)

    (609) 670-9978

    41 in this area

    44 Total Sales

    Daniel Maimone
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 403558

South Jersey Shore Regional MLS

APN: 08-00703-0000-00003

New Jersey Cape May County Ocean City 08226

705 Ocean Ave, Ocean City, NJ

Not Listed for Sale

Detached

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