NOT LISTED FOR SALE

724 Ocean Ave Ocean City, NJ 08226

Estimated Value: $4,194,000 - $4,950,000

-- Bed
-- Bath
11,844 Sq Ft
$386/Sq Ft Est. Value

About This Home

This home is located at 724 Ocean Ave, Ocean City, NJ 08226 and is currently estimated at $4,572,000, approximately $386 per square foot. 724 Ocean Ave is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2022
Sold by
Missyann Llc
Bought by
First Knight Ocean Breeze Llc
Current Estimated Value
$4,572,000

Purchase Details

Closed on
May 12, 2022
Sold by
Ocean Breeze Hotel
Bought by
Missyann Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,229,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 12, 2008
Sold by
Sifting Sands Of Ocean City Llc
Bought by
724 Ocean Llc

Purchase Details

Closed on
May 23, 2008
Sold by
Sifting Sands Of Ocean City Llc
Bought by
Sifting Sands Of Ocean City Llc

Purchase Details

Closed on
Dec 30, 2004
Sold by
Pachelli James A and Pachelli Michelle L
Bought by
Siftings Sands Of Ocean City Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
5.81%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 22, 2003
Sold by
Achuff Frank J
Bought by
Pachelli James A and Pachelli Michelle L

Purchase Details

Closed on
Mar 14, 2003
Sold by
Achuff Frank J
Bought by
Pachelli James A and Pachelli Michelle L

Purchase Details

Closed on
Feb 6, 2003
Sold by
Achuff Frank J
Bought by
Pachelli James A and Pachelli Michelle L

Purchase Details

Closed on
Feb 27, 1997
Sold by
Biscayne Hotel Realty
Bought by
Achuff Frank J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.78%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
First Knight Ocean Breeze Llc $2,600,000 First American Title
First Knight Ocean Breeze Llc $2,600,000 First American Title
Missyann Llc $1,500,000 Surety Title
724 Ocean Llc -- None Available
Sifting Sands Of Ocean City Llc -- None Available
Siftings Sands Of Ocean City Llc $1,685,000 --
Pachelli James A -- --
Achuff Frank J -- --
Pachelli James A -- --
Pachelli James A $701,000 --
Achuff Frank J $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Missyann Llc $1,229,000
Previous Owner Siftings Sands Of Ocean City Llc $1,250,000
Previous Owner Achuff Frank J $450,000
Source: Public Records

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 $12,396 $1,104,800 $582,900 $521,900
2024 $12,396 $1,104,800 $582,900 $521,900
2023 $11,832 $1,104,800 $582,900 $521,900
2022 $11,368 $1,104,800 $582,900 $521,900
2021 $11,103 $1,104,800 $582,900 $521,900
2020 $10,805 $1,104,800 $582,900 $521,900
2019 $10,683 $1,104,800 $582,900 $521,900
2018 $10,584 $1,104,800 $582,900 $521,900
2017 $10,418 $1,104,800 $582,900 $521,900
2016 $10,021 $1,104,800 $582,900 $521,900
2015 $9,888 $1,104,800 $582,900 $521,900
2014 $9,744 $1,104,800 $582,900 $521,900
Source: Public Records

Map

New Jersey Cape May County Ocean City 08226

724 Ocean Ave, Ocean City, NJ

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes