NOT LISTED FOR SALE

812 Ocean Ave Unit 211 Ocean City, NJ 08226

Estimated Value: $318,000 - $358,000

1 Bed
1 Bath
521 Sq Ft
$351/mo HOA Fee

Last Sold July 29, 2021

Last sale price $235,000 $451 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,293/month

Highlights

  • Furnished
  • Community Pool
  • Forced Air Heating and Cooling System
  • Ocean City Primary School Rated A
  • Living Room
  • 1-minute walk to North Street Playground

About This Home

As of July 2021

Investor Alert! Here is your opportunity to get a place in the heart of Ocean City at a reasonable price. Full one bedroom unit, Deluxe model, in the Biscayne Suites. This unit comes fully furnished. Walk in to a large living area, with a queen sofa bed and additional seating. The carpet is brand new throughout the unit. The kitchenette has an electric stove, refrigerator, microwave, and coffee machine. The master bedroom has a king sized bed, a safe, and plenty of closet space. It also has access to the private balcony and the bathroom. Brand new heater was installed in 2018. The onsite rental program offers nightly rentals with daily housekeeping and linen services when requested. Current owner brought in 22-23k in rentals between 2018 and 2019. Allow Biscayne Suites to take care of all the worry of planning a Ocean City vacation. Parking included, beach tags included, rooftop pool access included, all within walking distance to the beach, and downtown Ocean City.

Last Agent to Sell the Property

Thomas Bottley

(856) 425-2586 thomas@tnbrealty.net TNB Realty, LLC. Listed on: 06/10/2021

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,581

Year Built

  • Built in 1991

Lot Details

  • 0.62

HOA Fees

  • $351 Monthly HOA Fees

Parking

  • Parking Lot

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 521 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • Living Room

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Flood Risk

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 08-00804-00013-C211

Community Details

Overview

  • Association fees include cable TV, insurance, management, pool(s), sewer, trash, water
  • Mid-Rise Condominium
  • Biscayne Suites Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,581

Year Built

Built in 1991

Lot Details

0

HOA Fees

$351 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • Inclusions: Kitchen Appliances, Furniture
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-06-10
  • Federal Flood Zone: Yes
  • Year Built: 1991
  • Automatically Close On Close Date: No
  • Remarks Public: Investor Alert! Here is your opportunity to get a place in the heart of Ocean City at a reasonable price. Full one bedroom unit, Deluxe model, in the Biscayne Suites. This unit comes fully furnished. Walk in to a large living area, with a queen sofa bed and additional seating. The carpet is brand new throughout the unit. The kitchenette has an electric stove, refrigerator, microwave, and coffee machine. The master bedroom has a king sized bed, a safe, and plenty of closet space. It also has access to the private balcony and the bathroom. Brand new heater was installed in 2018. The onsite rental program offers nightly rentals with daily housekeeping and linen services when requested. Current owner brought in 22-23k in rentals between 2018 and 2019. Allow Biscayne Suites to take care of all the worry of planning a Ocean City vacation. Parking included, beach tags included, rooftop pool access included, all within walking distance to the beach, and downtown Ocean City.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 2
  • Levels Count: 1
  • Room List: Living Room, Kitchen, Bedroom 1, Bathroom 1
  • Basement: No
  • Total Sq Ft: 521
  • Living Area Sq Ft: 521
  • Price Per Sq Ft: 451.06
  • Above Grade Finished Sq Ft: 521
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 812

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 351.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Cable, Pool - Outdoor
  • HOA Condo Co-Op Fee Includes: Cable Tv, Insurance, Management, Pool(s), Sewer, Trash, Water
  • HOA: No
  • Senior Community: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • School District Key: 300200397020
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 97000.00
  • Land Assessed Value: 64700.00
  • Lot Dimensions: 200.00 x 135.00
  • Year Assessed: 2020
  • Zoning: RES

Rental Info

  • Furnished: Yes
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 4710143
  • Tax Annual Amount: 1581.00
  • Assessor Parcel Number: 08-00804-00013-C211
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 521
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 07/29/2021

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Jul 28, 2021
Sold by
Casey Diane C
Bought by
Gormley Matthew and Gormley Desire
Seller's Agent
Thomas Bottley
TNB Realty, LLC.
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$235,000
Sold Price
$235,000
Current Estimated Value
$339,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,108
Avg. Annual Appreciation
9.77%
Original Mortgage
$188,000
Outstanding Balance
$171,569
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$174,454

Purchase Details

Closed on
Mar 18, 2013
Sold by
Reilly Joseph F and Reilly Judye A
Bought by
Casey Diane C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2005
Sold by
Biscay Associates
Bought by
Reilly Joseph F and Reilly Judye A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,910
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac
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
Gormley Matthew $235,000 Surety Title
Casey Diane C $180,000 The Title Company Of Jersey
Reilly Joseph F $289,900 Commonwealth Land Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gormley Matthew $188,000
Previous Owner Casey Diane C $144,000
Previous Owner Reilly Joseph F $260,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $235,000 0.0% $451 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
06/10/2021 06/10/21 For Sale $235,000 -- $451 / Sq Ft
Source: Bright 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 $1,814 $161,700 $64,700 $97,000
2024 $1,814 $161,700 $64,700 $97,000
2023 $1,732 $161,700 $64,700 $97,000
2022 $1,664 $161,700 $64,700 $97,000
2021 $1,625 $161,700 $64,700 $97,000
2020 $1,581 $161,700 $64,700 $97,000
2019 $1,564 $161,700 $64,700 $97,000
2018 $1,549 $161,700 $64,700 $97,000
2017 $1,525 $161,700 $64,700 $97,000
2016 $1,467 $161,700 $64,700 $97,000
2015 $1,447 $161,700 $64,700 $97,000
2014 $1,426 $161,700 $64,700 $97,000
Source: Public Records

Agents Affiliated with this Home

  • Thomas Bottley

    Seller's Agent in 2021

    Thomas Bottley

    TNB Realty, LLC.

    (856) 425-2586

    1 in this area

    22 Total Sales

    Thomas Bottley
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: NJCM105084

Bright MLS

APN: 08-00804-0000-00013-0000-C211

New Jersey Cape May County Ocean City 08226

812 Ocean Ave Unit 211, Ocean City, NJ

This home is located at 812 Ocean Ave Unit 211, Ocean City, NJ 08226 since 10 June 2021 and is currently estimated at $339,108, approximately $650 per square foot. This property was built in 1991. 812 Ocean Ave Unit 211 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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