NOT LISTED FOR SALE

738 Central Ave Ocean City, NJ 08226

Estimated Value: $1,058,287 - $1,169,000

-- Bed
-- Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold January 15, 2022

Last sale price $785,000

Est. 42% increase in value since last sale

Current estimated payment $6,304/month

Highlights

  • The property is located in a historic district
  • Deck
  • 2 Car Detached Garage
  • Ocean City Primary School Rated A
  • Den
  • 2-minute walk to Ocean City Dog Park

About This Home

As of January 2022

Now is your chance to purchase this centrally located duplex in downtown Ocean City! Situated on a spacious 40 x 100 lot this charming multi-family home offers covered front porches, large size yard & detached 2 car garage as well as two additional parking spots. 2 bedrooms, 1 bath each floor w/ charm of yesterday throughout. 1st Flr is vacant and ready for owner use. 2nd Flr is tenant occupied w/ yearly lease. Property could also be used as a 4 bedroom, 2 bath w/ full walk up attic (interior staircase from first to second floor still exists). Great location walking distance to beach, boards & downtown.

Last Agent to Sell the Property

Nicole Presnall

BHHS FOX and ROACH-Simpson OC Listed on: 11/19/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Clarise Fazzio-Stell

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,618

Year Built

  • Built in 1900

Lot Details

  • 4,008

Home Design

  • Duplex

Interior Spaces

  • Dining Room
  • Den
  • Crawl Space
  • Storage In Attic
  • Storm Screens
  • Stove

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Parking Pad

Outdoor Features

  • Deck
  • Porch

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas

Additional Features

  • Lot Dimensions are 40 x 100
  • The property is located in a historic district

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,618

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1900
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Washer
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Kitchen, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Porch
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Detached Garage
  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Heating: Gas-Natural, Multi-Zoned, Radiator
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Historical District
  • Lot Dimensions: 40 x 100

Rental Info

  • Rental Information: Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Jan 14, 2022
Sold by
Jones Robert K
Bought by
Holmes Harry A and Holmes Serena E
Seller's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Clarise Fazzio-Stell
BHHS FOX and ROACH-109 34th OC
List Price
$799,900
Sold Price
$785,000
Premium/Discount to List
-$14,900
-1.86%
Current Estimated Value
$1,115,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,072
Avg. Annual Appreciation
9.70%
Original Mortgage
$628,000
Outstanding Balance
$578,780
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$536,292

Purchase Details

Closed on
Mar 25, 1996
Sold by
Collective Bank
Bought by
Jones Robt E Monica L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
6.9%

Purchase Details

Closed on
May 27, 1994
Sold by
Lavner Samuel M
Bought by
Robinson James R and Robinson Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
8.49%
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
Holmes Harry A $785,000 --
Jones Robt E Monica L $131,000 --
Robinson James R $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Harry A $628,000
Previous Owner Jones Robt E Monica L $65,000
Previous Owner Robinson James R $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2022 01/15/22 Sold $785,000 -1.9% --
11/25/2021 11/25/21 Pending -- -- --
11/19/2021 11/19/21 For Sale $799,900 -- --
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 $5,618 $500,700 $285,300 $215,400
2024 $5,618 $500,700 $285,300 $215,400
2023 $5,363 $500,700 $285,300 $215,400
2022 $5,039 $489,700 $285,300 $204,400
2021 $4,921 $489,700 $285,300 $204,400
2020 $4,789 $489,700 $285,300 $204,400
2019 $4,735 $489,700 $285,300 $204,400
2018 $4,691 $489,700 $285,300 $204,400
2017 $4,618 $489,700 $285,300 $204,400
2016 $4,442 $489,700 $285,300 $204,400
2015 $4,383 $489,700 $285,300 $204,400
2014 $4,319 $489,700 $285,300 $204,400
Source: Public Records

Agents Affiliated with this Home

  • Nicole Presnall

    Seller's Agent in 2022

    Nicole Presnall

    BHHS Fox & Roach

    (609) 827-3119

    67 in this area

    101 Total Sales

    Nicole Presnall
    Section Image

  • C

    Buyer's Agent in 2022

    Clarise Fazzio-Stell

    BHHS Fox & Roach

    (609) 457-4125

    4 in this area

    6 Total Sales

    Clarise Fazzio-Stell
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 557594

South Jersey Shore Regional MLS

APN: 08-00707-0000-00022

New Jersey Cape May County Ocean City 08226

738 Central Ave, Ocean City, NJ

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