NOT LISTED FOR SALE

720 Ocean Ave Ocean City, NJ 08226

Estimated Value: $1,768,000

-- Bed
-- Bath
16,800 Sq Ft
$105/Sq Ft Est. Value

Last Sold April 01, 2014

Last sale price $1,495,000 $89 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $10,380/month

128 Days on Market

Highlights

  • Furnished
  • Great Room
  • Workshop
  • Ocean City Primary School Rated A
  • Den
  • 3-minute walk to North Street Playground

About This Home

As of April 2014

Award Winning Scarborough Inn is one of Ocean City's premier bed & breakfasts. This beautifully restored inn has 24 spacious guestrooms, all with private baths. The property’s vintage charm and modern amenities include a dining room where breakfast and tea are served, a business center, outside garden, 100 foot wrap around porch & spectacular living room with fireplace. The inn also features an owner's apartment, staff quarters and an adjoining 24 car parking lot. A short walk to the beach and boardwalk.

Last Agent to Sell the Property

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Listed on: 10/12/2013

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Co-Listed By

Emily Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Robert Doliszny

eXp Realty - Ocean City O382L

eXp Realty - Ocean City O382L

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 100 x 135

Interior Spaces

  • Furnished
  • Shades
  • Drapes & Rods
  • Blinds
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Library
  • Workshop
  • Storage In Attic
  • Storm Screens

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Outdoor Shower
  • Patio
  • Shed
  • Porch

Utilities

  • Window Unit Cooling System
  • Zoned Heating and Cooling System
  • Heat Pump System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Oil Water Heater

Community Details

Overview

  • 25 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 21 - 50 Units
  • Also Includes: Blinds, Curtains, Drapes, Furnished, Rugs, Shades
  • Age: 25+ Years
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Basement: 6 Ft. Or More Head Room, Finished, Full, Heated, Inside Entrance
  • Other Rooms: Den/Tv Room, Dining Room, Great Room, Kitchen, Laundry/Utility Rm, Library/Study, Living Room, Pantry, Storage Attic, Workshop

Exterior Features

  • Outside Features: Curbs, Outside Shower, Patio, Porch, Shed, Sidewalks
  • Storm Screens: Combination, Screens, Storms

Utilities

  • Air Conditioner: Central, Window Units
  • Heating: Baseboard, Gas-Natural, Heat Pump, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Oil

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 100 x 135

Multi Family

  • Number Of Efficiency Units: 2
  • Number Of Units: 25
  • Number Of1 Bedroom Units: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2013
Closed on
Apr 1, 2014
Sold by
Bruno Constantino Gus and Bruno Carol C
Bought by
Cesari Real Estate Llc
Seller's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Robert Doliszny
eXp Realty - Ocean City O382L
List Price
$1,495,000
Sold Price
$1,495,000
Current Estimated Value
$1,768,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,000
Avg. Annual Appreciation
1.45%
Original Mortgage
$1,295,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
May 13, 2010
Sold by
Bruno C Gus and Bruno Carol C
Bought by
Bruno C Gus and Bruno Carol C
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
Cesari Real Estate Llc $1,280,000 Surety Title
Bruno C Gus -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cesari Real Estate Llc $1,295,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2014 04/01/14 Sold $1,495,000 0.0% $89 / Sq Ft
02/17/2014 02/17/14 Pending -- -- --
10/12/2013 10/12/13 For Sale $1,495,000 -- $89 / 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 $12,958 $1,154,900 $335,300 $819,600
2024 $12,958 $1,154,900 $335,300 $819,600
2023 $12,369 $1,154,900 $335,300 $819,600
2022 $11,884 $1,154,900 $335,300 $819,600
2021 $11,607 $1,154,900 $335,300 $819,600
2020 $11,295 $1,154,900 $335,300 $819,600
2019 $11,168 $1,154,900 $335,300 $819,600
2018 $11,064 $1,154,900 $335,300 $819,600
2017 $10,891 $1,154,900 $335,300 $819,600
2016 $10,475 $1,154,900 $335,300 $819,600
2015 $10,336 $1,154,900 $335,300 $819,600
2014 $10,186 $1,154,900 $335,300 $819,600
Source: Public Records

Agents Affiliated with this Home

  • Burton Wilkins

    Seller's Agent in 2014

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    89 in this area

    187 Total Sales

    Burton Wilkins
    Section Image
  • Emily Wilkins

    Seller Co-Listing Agent in 2014

    Emily Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2029

    23 in this area

    70 Total Sales

    Emily Wilkins
    Section Image
  • Robert Doliszny

    Buyer's Agent in 2014

    Robert Doliszny

    eXp Realty - Ocean City O382L

    (609) 513-1126

    5 in this area

    7 Total Sales

    Robert Doliszny
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 418957

South Jersey Shore Regional MLS

APN: 08-00705-0000-00015

New Jersey Cape May County Ocean City 08226

720 Ocean Ave, Ocean City, NJ

Not Listed for Sale

MultiFamily

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