NOT LISTED FOR SALE

816 3rd St Unit 1 Ocean City, NJ 08226

Estimated Value: $1,271,000 - $1,385,441

4 Beds
3.5 Baths
2,400 Sq Ft
4,008 Sq Ft Lot

Last Sold August 23, 2021

Last sale price $970,000 $404 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $7,621/month

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Furnished
  • Ocean City Primary School Rated A
  • 1 Fireplace
  • 5-minute walk to Lake Memorial Park

About This Home

As of August 2021

Beautifully, well-appointed first floor condo on Ocean City's desirable North End. This open-plan property offers 4 bedrooms (2 of which are en-suite), 3-1/2 baths, marble and tile bathrooms, granite countertops, high ceilings, plenty of space for entertaining family and friends, and just steps to the beach and Ocean City's renowned Boardwalk. Enjoy your summer days and evenings sitting on the deck reading a book or enjoying your favorite beverage. With it's family friendly location and close proximity to the beach, this gem won't last long!

Last Agent to Sell the Property

Linda Novelli

(609) 839-3715 Linda@novelliteam.com Compass New Jersey, LLC - Moorestown Listed on: 05/07/2021

Compass New Jersey, LLC - Moorestown

Co-Listed By

Nancy Serpentine

(215) 768-1994 nancy.serpentine@compass.com Compass New Jersey, LLC - Moorestown

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,375

Year Built

  • Built in 2007

Lot Details

  • 4,008

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Aluminum Siding
  • Cedar

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 1 Level
  • Furnished
  • 1 Fireplace
  • Dining Area
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

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

Community Details

  • No Home Owners Association
  • North End Subdivision

Listing and Financial Details

  • Tax Lot 6

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,375

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Traditional
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2021-05-07
  • Year Built: 2007
  • Automatically Close On Close Date: No
  • Remarks Public: Beautifully, well-appointed first floor condo on Ocean City's desirable North End. This open-plan property offers 4 bedrooms (2 of which are en-suite), 3-1/2 baths, marble and tile bathrooms, granite countertops, high ceilings, plenty of space for entertaining family and friends, and just steps to the beach and Ocean City's renowned Boardwalk. Enjoy your summer days and evenings sitting on the deck reading a book or enjoying your favorite beverage. With it's family friendly location and close proximity to the beach, this gem won't last long!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Washer, Water Heater
  • Flooring Type: Hardwood
  • Interior Amenities: Breakfast Area, Dining Area, Kitchen - Island
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1
  • Room Count: 8
  • Basement: No
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 395.42
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 816

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 3
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Cedar
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

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

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

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

Lot Info

  • Horses: No
  • Year Assessed: 2020
  • Zoning: CONDOMINIUM

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6375.00
  • Assessor Parcel Number: NO TAX RECORD
  • Tax Lot: 6
  • Tax Year: 2020
  • Close Date: 08/23/2021

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 15, 2021
Sold by
Gannon and Karen
Bought by
Kelly Christina and Davis Brent
Seller's Agent
Linda Novelli
Compass New Jersey, LLC - Moorestown
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$949,000
Sold Price
$970,000
Premium/Discount to List
$21,000
2.21%
Current Estimated Value
$1,322,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,610
Avg. Annual Appreciation
7.86%
Original Mortgage
$400,000
Outstanding Balance
$363,970
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$958,640

Purchase Details

Closed on
Nov 16, 2007
Sold by
Coastal Investment Partners Llc
Bought by
Gannon Christopher and Gannon Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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
Kelly Christina $970,000 Title Company Of Jersey
Kelly Christina $970,000 Title Company Of Jersey
Gannon Christopher $625,000 Foundation Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Christina $400,000
Closed Kelly Christina $400,000
Previous Owner Gannon Christopher $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $970,000 +2.2% $404 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $949,000 -- $395 / 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 $7,313 $651,800 $324,000 $327,800
2024 $7,313 $651,800 $324,000 $327,800
2023 $6,981 $651,800 $324,000 $327,800
2022 $6,707 $651,800 $324,000 $327,800
2021 $4,862 $651,800 $324,000 $327,800
2020 $6,375 $651,800 $324,000 $327,800
2019 $6,303 $651,800 $324,000 $327,800
2018 $6,244 $651,800 $324,000 $327,800
2017 $6,146 $651,800 $324,000 $327,800
2016 $5,912 $651,800 $324,000 $327,800
2015 $5,834 $651,800 $324,000 $327,800
2014 $5,749 $651,800 $324,000 $327,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJCM104978

Bright MLS

APN: 08-00302-0000-00006-0000-C1