Seller's Agent in 2025
Robert Gullo
Fox Real Estate-Ocean
(856) 305-2091
176 in this area
187 Total Sales
719 E 11th St Unit 507 Ocean City, NJ 08226
1
Bed
1
Bath
580
Sq Ft
1.19
Acres
Highlights
- Water Views
- Deck
- Community Pool
- Ocean City Primary School Rated A
- Furnished
- Elevator
About This Home
As of October 2023Beautiful renovated bath and kitchen including granite counter-tops and stainless steal appliances. This spacious & pristine condition condo comes fully furnished and equipped has a great rental history (2022 gross rental income $30,012.00). The FLANDERS Condominium Hotel is perhaps the best known, best run "condotel" in all of Ocean City. This beautiful boardwalk fronted building is steeped in tradition. It has been a part of the Ocean City skyline for 100 years. She offers all the conveniences of Hotel Living daily check ins via the front desk, daily maid & linen service, concierge service, heated pool, fitness Room, onsite restaurant, banquet center, spa and gift shop. Condo fees include water, sewer, flood & building insurances, cable TV, phone, WiFi and common area maintenance. All rentals must go through the Flanders on-site rental program, no outside rentals permitted. Year round residency is not permitted at The Flanders. City Ordinance restricts owner usage to 200 nights per year. If participating in the rental program, owner usage from mid June through Labor Day is limited to 14 nights plus an additional 186 nights throughout the remainder of the year. If not renting owners can stay any 200 nights per year. Working Capital Buy-In fee of $1,086.00 due from buyer at closing. See Associated Docs for income and expense reports. See agent remarks:
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,070
Parking
- Off-Site Parking
Home Design
- Brick Exterior Construction
- Stucco
Interior Spaces
- Furnished
- Blinds
- Dining Area
- Water Views
Kitchen
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Well
- Electric Water Heater
- Cable TV Available
Community Details
Overview
- Association fees include amenities, insurance, maintenance, management, sewer, trash, water, cable, pool
- Flanders Condos
- 11-Story Property
Amenities
- Laundry Facilities
- Elevator
Recreation
- Community Boardwalk
- Community Pool
Pet Policy
- No Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 30, 2023
Closed on
Oct 6, 2023
Sold by
Gary And Melodie Schmouder Living Trust
Bought by
Ediabd Llc
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$359,900
Sold Price
$335,000
Premium/Discount to List
-$24,900
-6.92%
Views
87
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.81%
Purchase Details
Closed on
Feb 16, 2011
Sold by
Kneeland John Bruce and Kneeland Nancy N
Bought by
Schell Walter M and Schell Marian M
Purchase Details
Closed on
Dec 29, 2004
Sold by
Melini Carlo
Bought by
Kneeland John Bruce and Kneeland Nancy N
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,600
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 1, 2003
Sold by
Coltre Steve
Bought by
Melini Carlo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,000
Interest Rate
6.35%
Purchase Details
Closed on
May 17, 2002
Sold by
Mckelvey Thomas F
Bought by
Coltre Steve and Coltre Julie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.01%
Purchase Details
Closed on
Oct 24, 1997
Sold by
Dwyer James M
Bought by
Mckelvey Thomas and Mckelvey Elaine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.48%
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $335,000 | Surety Title | |
| Deed | $335,000 | Surety Title | |
| Deed | $208,000 | The Title Company Of Jersey | |
| Bargain Sale Deed | $239,600 | Shore Title Agency Inc | |
| Deed | $222,500 | -- | |
| Deed | $144,000 | -- | |
| Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $191,600 | Purchase Money Mortgage | |
| Previous Owner | $178,000 | No Value Available | |
| Previous Owner | $108,000 | No Value Available | |
| Previous Owner | $80,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | For Sale | $399,900 | +19.4% | -- |
| 10/10/2023 10/10/23 | Sold | $335,000 | -6.9% | $578 / Sq Ft |
| 09/16/2023 09/16/23 | Pending | -- | -- | -- |
| 08/30/2023 08/30/23 | For Sale | $359,900 | -- | $621 / Sq Ft |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 | $2,070 | $184,500 | $91,000 | $93,500 |
| 2024 | $2,070 | $184,500 | $91,000 | $93,500 |
| 2023 | $1,976 | $184,500 | $91,000 | $93,500 |
| 2022 | $1,899 | $184,500 | $91,000 | $93,500 |
| 2021 | $1,376 | $184,500 | $91,000 | $93,500 |
| 2020 | $1,804 | $184,500 | $91,000 | $93,500 |
| 2019 | $1,784 | $184,500 | $91,000 | $93,500 |
| 2018 | $1,768 | $184,500 | $91,000 | $93,500 |
| 2017 | $1,740 | $184,500 | $91,000 | $93,500 |
| 2016 | $1,673 | $184,500 | $91,000 | $93,500 |
| 2015 | $1,651 | $184,500 | $91,000 | $93,500 |
| 2014 | $1,627 | $184,500 | $91,000 | $93,500 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Gullo
Map
Source: South Jersey Shore Regional MLS
MLS Number: 577304
APN: 08-01001-0000-00010-0000-C507
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