NOT LISTED FOR SALE

801 Park Place Unit 1 Ocean City, NJ 08226

Estimated Value: $1,555,387 - $1,680,000

5 Beds
4.5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold June 24, 2020

Last sale price $950,000

Est. 69% increase in value since last sale

Current estimated payment $9,264/month

150 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • 4-minute walk to Lake Memorial Park

About This Home

As of June 2020

Park Place Corner Property! Doesn't get any better than this. Almost new, 2100 plus square ft 5 bedroom 4 and a half bath. Completed 2019. Huge bright open great room, wrap around porches, Designer kitchen, baths, and finishes, wood engineered floors through out. Close to Beach, Board Walk, on one of the best Ocean City North end streets. Never rented

Last Agent to Sell the Property

Scott Kirkpatrick

BHHS FOX and ROACH-Simpson OC Listed on: 01/06/2020

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Richard S Gisondi

RE/MAX AT THE SEA - Sea Isle

RE/MAX AT THE SEA - Sea Isle

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,994

Lot Details

  • 5,009

Parking

  • 1.5 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Gas Log Fireplace
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Dining Area
  • Wood Flooring
  • Kitchen Island
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,994

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Duplex
  • Also Includes: Blinds, Partially Furnished
  • Lvt Date: 01/16/2020
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Fireplace: Built-In, Family Room, Gas Log
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One And Half Car
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Kitchen Center Island, Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Jun 24, 2020
Sold by
Pfeifer Lawrence and Pfeifer Heather C
Bought by
Mccarthy Brian and Mccarthy Christina
Seller's Agent
Scott Kirkpatrick
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Richard S Gisondi
RE/MAX AT THE SEA - Sea Isle
List Price
$1,099,900
Sold Price
$950,000
Premium/Discount to List
-$149,900
-13.63%
Current Estimated Value
$1,605,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$655,847
Avg. Annual Appreciation
10.47%
Original Mortgage
$760,000
Outstanding Balance
$681,029
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$924,818

Purchase Details

Closed on
May 13, 2019
Sold by
Rosenblatt Family Lp
Bought by
Pfeifer Lawrence and Pfifer Heather C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$708,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 18, 2012
Sold by
Rosenblatt Sidney D
Bought by
The Rosenblatt Family Limited Partnershi

Purchase Details

Closed on
Mar 16, 1998
Sold by
Salini Lynne Clare
Bought by
Haley Robert and Haley Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
6.92%

Purchase Details

Closed on
Aug 31, 1993
Sold by
Bechtold Austin T
Bought by
Clare Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,000
Interest Rate
7.11%
Source: Public Records

Range of Values:

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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
Mccarthy Brian $950,000 Freedom Title
Pfeifer Lawrence $885,000 --
The Rosenblatt Family Limited Partnershi -- None Available
Haley Robert $285,000 --
Clare Lynne $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Brian $760,000
Previous Owner Pfeifer Lawrence $708,000
Previous Owner Haley Robert $215,000
Previous Owner Clare Lynne $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2020 06/24/20 Sold $950,000 -5.0% --
06/04/2020 06/04/20 Pending -- -- --
03/20/2020 03/20/20 Price Changed $999,900 -9.1% --
03/17/2020 03/17/20 Price Changed $1,099,900 +10.0% --
02/21/2020 02/21/20 Price Changed $999,900 -9.1% --
01/06/2020 01/06/20 For Sale $1,099,900 -- --
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 $8,994 $801,600 $420,800 $380,800
2024 $8,994 $801,600 $420,800 $380,800
2023 $8,585 $801,600 $420,800 $380,800
2022 $8,248 $801,600 $420,800 $380,800
2021 $5,980 $801,600 $420,800 $380,800
2020 $7,840 $801,600 $420,800 $380,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Kirkpatrick

    BHHS Fox & Roach

    (609) 602-0500

    25 in this area

    31 Total Sales

    Scott Kirkpatrick
    Section Image
  • Richard S Gisondi

    Buyer's Agent in 2020

    Richard S Gisondi

    RE/MAX AT THE SEA - Sea Isle

    (215) 822-8200

    125 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 532482

South Jersey Shore Regional MLS

APN: 08 00302-0000-00051-0000-C1

New Jersey Cape May County Ocean City 08226

801 Park Place Unit 1, Ocean City, NJ

This home is located at 801 Park Place Unit 1, Ocean City, NJ 08226 since 06 January 2020 and is currently estimated at $1,605,847. 801 Park Place Unit 1 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.

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