NOT LISTED FOR SALE

846 Park Place Unit 1 Ocean City, NJ 08226

Estimated Value: $784,584 - $959,000

3 Beds
2 Baths
-- Sq Ft
3,920 Sq Ft Lot

Last Sold November 30, 2023

Last sale price $790,000

Est. 8% increase in value since last sale

Current estimated payment $4,921/month

21 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Main Floor Primary Bedroom
  • 5-minute walk to Lake Memorial Park

About This Home

As of November 2023

Park Place beach block condo with tremendous rental income potential. This 3 bedroom 2 bathroom first floor condo is well maintained and features: a relaxing, covered front porch, comfortable living room with fireplace, dining room and kitchen with recessed lighting, breakfast bar and barn-style, pocket door to laundry room and rear exit. Floor plan has a primary bedroom with full sized bathroom,2nd bedroom with king sized bed, additional 3rd bedroom and 2nd bathroom. Amenities include: newer flooring, all new electric, newer bathroom fixtures, crown molding, wainscoting, plantation shutters, new oven, central air, and tankless hot water. Exterior has cedar shingle siding, new roofing, shared detached garage, parking and outside shower. 2023 rental income was $28k for 7 weeks per owner

Last Agent to Sell the Property

John Walton

Keller Williams Realty Jersey Shore-Ocean City Listed on: 09/08/2023

Keller Williams Realty Jersey Shore-Ocean City

Co-Listed By

Stacy Demcher

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

BILLY WASEKANES

Compass New Jersey-Ocean City (O463H)

Compass New Jersey-Ocean City (O463H)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,761

Lot Details

  • 3,920

Parking

  • 1 Car Detached Garage

Home Design

  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Partially Furnished
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

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

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Amenities

  • Community Deck or Porch
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,761

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Partially Furnished
  • Lvt Date: 09/08/2023
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Living Room
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Other Rooms: Dining Room, Laundry/Utility Room, Primary Br On 1st Floor
  • Common Area Features: Deck/Porch, Enclsd/Covered Porch, Outside Shower, Storage Facility

Exterior Features

  • Siding Exterior: Shingle, Vinyl

Garage/Parking

  • Garage: Detached Garage
  • Parking Exterior: One Car

Utilities

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

Lot Info

  • Location: Boardwalk Area

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Hardwood Floors, Master Bath

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

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $790,000 -7.0% --
10/07/2023 10/07/23 For Sale $849,900 0.0% --
09/29/2023 09/29/23 Pending -- -- --
09/28/2023 09/28/23 Pending -- -- --
09/22/2023 09/22/23 Price Changed $849,900 -10.4% --
09/15/2023 09/15/23 Price Changed $949,000 -5.0% --
09/08/2023 09/08/23 For Sale $999,000 -- --
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 $4,761 $424,300 $310,200 $114,100
2024 $4,761 $424,300 $310,200 $114,100
2023 $4,284 $400,000 $310,200 $89,800
2022 $4,116 $400,000 $310,200 $89,800
2021 $2,984 $400,000 $310,200 $89,800
2020 $3,912 $400,000 $310,200 $89,800
2019 $3,868 $400,000 $310,200 $89,800
2018 $3,832 $400,000 $310,200 $89,800
2017 $3,772 $400,000 $310,200 $89,800
2016 $3,628 $400,000 $310,200 $89,800
2015 $3,580 $400,000 $310,200 $89,800
2014 $3,528 $400,000 $310,200 $89,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 577557

South Jersey Shore Regional MLS

APN: 08-00303-0000-00014-0000-C1