NOT LISTED FOR SALE

846 Park Place Unit 1 Ocean City, NJ 08226

Estimated Value: $761,996 - $1,007,000

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

Last Sold November 30, 2023

Last sale price $790,000

Est. 9% increase in value since last sale

Current estimated payment $5,209/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 License #0345246 Listed on: 09/08/2023

Keller Williams Realty Jersey Shore-Ocean City

Co-Listed By

Stacy Demcher

Keller Williams Realty Jersey Shore-Ocean City License #1008118

Last Buyer's Agent

BILLY WASEKANES

Compass New Jersey-Ocean City License #0562499

Compass New Jersey-Ocean City

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,761

Year Built

  • 1918

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

Year Built

1918

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
  • Year Built: 1918

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

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Range of Values:

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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
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

  • John Walton

    Seller's Agent in 2023

    John Walton

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 338-7667

    67 in this area

    86 Total Sales

    John Walton
    Section Image
  • Stacy Demcher

    Seller Co-Listing Agent in 2023

    Stacy Demcher

    Keller Williams Realty Jersey Shore-Ocean City

    (610) 662-0919

    78 in this area

    105 Total Sales

    Stacy Demcher
    Section Image

  • B

    Buyer's Agent in 2023

    BILLY WASEKANES

    Compass New Jersey-Ocean City

    (609) 425-4203

    1 in this area

    4 Total Sales

    BILLY WASEKANES
    Section Image
See All Agents

Map

Source: South Jersey Shore Regional MLS

MLS Number: 577557

South Jersey Shore Regional MLS

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

New Jersey Cape May County Ocean City 08226

846 Park Place Unit 1, Ocean City, NJ

This home is located at 846 Park Place Unit 1, Ocean City, NJ 08226 since 08 September 2023 and is currently estimated at $860,499. This property was built in 1918. 846 Park Place Unit 1 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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