NOT LISTED FOR SALE

827 1st St Ocean City, NJ 08226

Estimated Value: $1,795,383 - $2,003,000

4 Beds
2.5 Baths
1,777 Sq Ft
$1,085/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $1,185,000 $667 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $11,063/month

Highlights

  • Deck
  • Living Room with Fireplace
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Cathedral Ceiling
  • Furnished

About This Home

As of November 2020

This dream of a beach house is perfectly situated close to the sparkling sands of the popular north end beaches, the start of the famous Ocean City boardwalk, and neighborhood shops and eateries. Three living levels above an immaculate and spacious garage provide all the room you need to relax and enjoy the company of family and friends. The main level starts with a generous front porch, and includes a living room with hardwood floors and a fireplace with granite hearth. The dining area is adjacent, and the custom kitchen with quartz countertops, tile backsplash and stainless appliances is at the rear. There is a generous half bath as well. Upstairs, there are three bedrooms and a spacious full bath. One bedroom has access to a private covered porch. A privacy door provides access to the huge top floor master suite with an ocean view from the front covered porch. Special touches include custom closet installations in each of the bedrooms, plantation blinds with wood valances, a beautifully landscaped rear yard with paver patio, and a beach shower. This home is offered fully furnished and equipped, ready for occupancy or rental. The pristine condition of the property belies its use as a summer rental, with about $50,000 in 2020 rentals in what was only a partial season.

Last Agent to Sell the Property

Joan Farrel

MONIHAN REALTY-A Listed on: 10/01/2020

Last Buyer's Agent

Eric Axelson

COLDWELL BANKER REALTY - Haddonfield

COLDWELL BANKER REALTY - Haddonfield

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,945

Lot Details

  • Lot Dimensions are 30 x 65
  • Sprinkler System

Home Design

  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Storage
  • Storm Screens

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

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

Community Details

  • Community Boardwalk

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,945

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 16 To 20 Years
  • Also Includes: Furnished
  • Lvt Date: 10/01/2020
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Kitchen Center Island, Storage, Walk In Closet
  • Bedrooms: 4
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Basement: Slab
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room

Exterior Features

  • Outside Features: Deck, Patio, Porch, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Attached Garage, Auto Door Opener
  • Parking Exterior: One Car, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Multi-Zoned
  • Heating: Forced Air, Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 30 x 65
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 14, 2020
Sold by
Saghirian Robert and Saghirian Carol
Bought by
Defeo Michael L and Defeo Dorothy M
Seller's Agent
Joan Farrel
MONIHAN REALTY-A
Buyer's Agent
Eric Axelson
COLDWELL BANKER REALTY - Haddonfield
List Price
$1,229,500
Sold Price
$1,185,000
Premium/Discount to List
-$44,500
-3.62%
Current Estimated Value
$1,928,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,346
Avg. Annual Appreciation
10.43%
Original Mortgage
$885,000
Outstanding Balance
$787,524
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,140,822

Purchase Details

Listed on
Jun 13, 2016
Closed on
Oct 21, 2016
Sold by
Sewter Joseph and Barnard Michelle
Bought by
Saghirian Robert and Saghirian Carol
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
Scott Kirkpatrick
BHHS FOX and ROACH-Simpson OC
List Price
$885,000
Sold Price
$885,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
Nov 30, 2010
Sold by
Pitcherella Thomas and Pitcherella Lynda
Bought by
Sewter Joseph and Barnard Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 4, 2003
Sold by
Mackie Daniel J
Bought by
Pitcherella Thomas and Pitcherella Lynda

Purchase Details

Closed on
Apr 8, 2001
Sold by
Bay Breeze Inc
Bought by
Mackie Daniel J and Mackie Cathleen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.97%
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
Defeo Michael L $1,185,000 Surety Title
Saghirian Robert $885,000 None Available
Sewter Joseph $875,000 The Title Company Of Jersey
Pitcherella Thomas $642,500 --
Mackie Daniel J $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Defeo Michael L $885,000
Previous Owner Sewter Joseph $700,000
Previous Owner Mackie Daniel J $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2020 11/20/20 Sold $1,185,000 -3.6% $667 / Sq Ft
10/05/2020 10/05/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $1,229,500 +38.9% $692 / Sq Ft
10/21/2016 10/21/16 Sold $885,000 0.0% $498 / Sq Ft View Prior Sale
09/18/2016 09/18/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $885,000 -- $498 / Sq Ft
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 $9,945 $886,400 $448,200 $438,200
2024 $9,945 $886,400 $448,200 $438,200
2023 $9,493 $886,400 $448,200 $438,200
2022 $9,121 $886,400 $448,200 $438,200
2021 $6,613 $886,400 $448,200 $438,200
2020 $8,669 $886,400 $448,200 $438,200
2019 $8,571 $886,400 $448,200 $438,200
2018 $8,492 $886,400 $448,200 $438,200
2017 $8,359 $886,400 $448,200 $438,200
2016 $8,040 $886,400 $448,200 $438,200
2015 $7,933 $886,400 $448,200 $438,200
2014 $7,818 $886,400 $448,200 $438,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 542940

South Jersey Shore Regional MLS

APN: 08-00006-0000-00041