NOT LISTED FOR SALE

834 Wesley Ave Unit 2 Ocean City, NJ 08226

Estimated Value: $1,360,000 - $2,115,000

5 Beds
4 Baths
1,713 Sq Ft
4,617 Sq Ft Lot

Last Sold March 31, 2022

Last sale price $1,600,000 $934 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $10,124/month

217 Days on Market

Highlights

  • 1 Car Direct Access Garage
  • Doors swing in
  • Forced Air Heating and Cooling System
  • Ocean City Primary School Rated A
  • Parking Storage or Cabinetry
  • 1-minute walk to North Street Playground

About This Home

As of March 2022

This home is located at 834 Wesley Ave Unit 2, Ocean City, NJ 08226 since 07 July 2021 and is currently estimated at $1,794,019, approximately $1,047 per square foot. This property was built in 2017. 834 Wesley Ave Unit 2 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.

Last Agent to Sell the Property

Edward Kershbaumer

(609) 350-9922 kershbaumer@aol.com Compass RE License #RS336979 Listed on: 07/07/2021

Compass RE

Co-Listed By

Jeremy Kershbaumer

(609) 367-3669 jek@bergerrealty.com Compass RE License #RS360173

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,483

Year Built

  • Built in 2017

Lot Details

  • 4,617

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry
  • Rear-Facing Garage
  • Garage Door Opener

Home Design

  • Frame Construction

Interior Spaces

  • 1,713 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 4 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed
  • Doors swing in
  • Doors with lever handles

Additional Homes

  • Dwelling with Separate Living Area

Schools

  • Ocean City Elementary School
  • Ocean City Intermediate Middle School
  • Ocean City High School

Utilities

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

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 00017 04
  • Assessor Parcel Number 08-00805-00017 04-C2

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include common area maintenance, insurance, lawn maintenance
  • Centra/Bdwk Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,483

Year Built

Built in 2017

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Architectural Style: Dwelling W/Separate Living Area
  • Accessibility Features: Elevator, Doors - Swing In, Doors - Lever Handle(s)
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 2017
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1713
  • Living Area Sq Ft: 1713
  • Price Per Sq Ft: 963.22
  • Above Grade Finished Sq Ft: 1713
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 4

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Garage Features: Additional Storage Area, Garage - Rear Entry, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Central, 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: Yes
  • Condo Co-Op Fee Frequency: Unknown
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance, Lawn Maintenance
  • HOA: No
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: OCEAN CITY
  • High School: OCEAN CITY H.S.
  • Middle Or Junior School: OCEAN CITY INTERMEDIATE M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 508200.00
  • Land Assessed Value: 236400.00
  • Lot Dimensions: 38.40 x 120.00
  • Zoning: DUPLEX

Rental Info

  • Pets: Cats Ok, Dogs Ok
  • Pets Allowed: Yes
  • Total Actual Rent: 130000.00
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 19691075
  • Tax Annual Amount: 7483.00
  • Assessor Parcel Number: 08-00805-00017 04-C2
  • Tax Lot: 00017 04
  • Tax Data Updated: No
  • Tax Year: 2021

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Mar 31, 2022
Sold by
Muhr Michael C
Bought by
Mcelrath Donna B and Mcelrath Jeffrey A
Seller's Agent
Edward Kershbaumer
Compass RE
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Current Estimated Value
$1,794,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,019
Avg. Annual Appreciation
3.15%
Original Mortgage
$1,200,000
Outstanding Balance
$1,132,041
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$661,978

Purchase Details

Listed on
Sep 16, 2019
Closed on
May 15, 2020
Sold by
Bonenberger David A and Bonenberger Melissa G
Bought by
Muhr Michael C and Muhr Julie
Seller's Agent
Edward Kershbaumer
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Edward Kershbaumer
Compass New Jersey, LLC - Moorestown
List Price
$1,149,000
Sold Price
$1,120,000
Premium/Discount to List
-$29,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.39%
Original Mortgage
$840,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mcelrath Donna B $1,600,000 Vernon Allen H
Muhr Michael C $1,120,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelrath Donna B $1,200,000
Previous Owner Muhr Michael C $840,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $1,600,000 -3.0% $934 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
07/07/2021 07/07/21 For Sale $1,650,000 +47.3% $963 / Sq Ft
05/29/2020 05/29/20 Sold $1,120,000 -2.5% $622 / Sq Ft View Prior Sale
09/16/2019 09/16/19 For Sale $1,149,000 -- $638 / 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 $8,354 $744,600 $236,400 $508,200
2024 $8,354 $744,600 $236,400 $508,200
2023 $7,975 $744,600 $236,400 $508,200
2022 $7,662 $744,600 $236,400 $508,200
2021 $7,483 $744,600 $236,400 $508,200
2020 $7,126 $728,600 $236,400 $492,200
2019 $7,046 $728,600 $236,400 $492,200
2018 $6,980 $728,600 $236,400 $492,200
Source: Public Records

Agents Affiliated with this Home

  • Edward Kershbaumer

    Seller's Agent in 2022

    Edward Kershbaumer

    Compass RE

    (609) 350-9922

    3 in this area

    21 Total Sales

    Edward Kershbaumer
    Section Image
  • Jeremy Kershbaumer

    Seller Co-Listing Agent in 2022

    Jeremy Kershbaumer

    Compass RE

    (609) 367-3669

    30 in this area

    68 Total Sales

    Jeremy Kershbaumer
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJCM2000072

Bright MLS

APN: 08-00805-0000-00017-04-C2

New Jersey Cape May County Ocean City 08226

834 Wesley Ave Unit 2, Ocean City, NJ

Not Listed for Sale

Condos

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