NOT LISTED FOR SALE

861 3rd St Unit A 1st Floor Ocean City, NJ 08226

Estimated Value: $1,385,000

3 Beds
2 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold March 10, 2023

Last sale price $999,950

Est. 39% increase in value since last sale

Current estimated payment $7,768/month

9 Days on Market

Highlights

  • New Construction
  • Building is beachfront but unit may not have water views
  • Great Room
  • Ocean City Primary School Rated A
  • Ground Level Unit
  • Forced Air Heating and Cooling System

About This Home

As of March 2023

Premium new construction 1st floor condo just 10 houses from the beach and boardwalk! This condo features 3 bedrooms and 2 full baths with a private garage and designated parking. The home is wrapped in Certainteed Cedar Impression vinyl siding with board and batton finish. In addition the kitchen is outfitted with GE appliances. The living area flows to a front deck to enjoy the afternoon sun and coastal breezes. This location is highly desirable for both the investor looking to rent or a family looking to make lifelong memories. If you explore the area you will find landmark businesses within walking distance such as... Oves Restaurant, Browns Restaurant, Pessano's Variety Store and Berenato's Corner Deli to name a few! There are so many more local businesses in the neighborhood for you to visit. Morning bike rides on the boardwalk followed by beach days and evening visits to entertainment on the boards is all conveniently located in the neighborhood. This is the beach house you have been searching for...so don't let it slip away! Taxes and assessment to be determined at completion.

Last Agent to Sell the Property

Raymond Clark

Keller Williams Realty Jersey Shore-Ocean City Listed on: 01/27/2023

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

Lauren Nicole Fitzpatrick

MARCHESE REAL ESTATE, LLC

MARCHESE REAL ESTATE, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,102

Lot Details

  • 2,483

Home Design

  • New Construction
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Dining Area

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Parking Pad
  • Assigned Parking

Utilities

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

Additional Features

  • Building is beachfront but unit may not have water views
  • Ground Level Unit

Community Details

Recreation

  • Community Boardwalk

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,102

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 01/27/2023
  • New Construction: Yes
  • Age: 0 To 1 Year
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: First Floor
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Gas Log
  • Bedrooms: 3
  • Bedroom 1: Size: See Blue Prints
  • Bedroom 2: Size: See Blue Prints
  • Bedroom 3: Size: See Blue Prints
  • Full Bathrooms: 2
  • Dining Room: Size: See Blue Prints
  • Family Room: Size: See Blue Prints
  • Kitchen: Size: See Blue Prints
  • Living Room: Size: See Blue Prints
  • Other Rooms: Dining Area, Great Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: One Car
  • Parking Exterior: Assigned, Parking Pad

Utilities

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

Lot Info

  • Location: Beach Block, Boardwalk Area

Rental Info

  • Pets: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2023
Closed on
Mar 7, 2023
Sold by
T & T Properties Inc
Bought by
Lis Christopher and Lis Kimberly
Seller's Agent
Raymond Clark
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Lauren Nicole Fitzpatrick
MARCHESE REAL ESTATE, LLC
List Price
$999,950
Sold Price
$999,950
Views
36
Current Estimated Value
$1,385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$385,050
Original Mortgage
$625,000
Outstanding Balance
$603,695
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 27, 2023
Closed on
Jan 31, 2023
Sold by
T & T Properties Llc
Bought by
Finley Marjorie L and Finley Suzanne M
Seller's Agent
Raymond Clark
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
Lauren Nicole Fitzpatrick
MARCHESE REAL ESTATE, LLC
List Price
$999,950
Sold Price
$999,950
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Outstanding Balance
$603,695
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2021
Sold by
Jamison Steven C and Jamison Martha J
Bought by
T & T Properties Llc

Purchase Details

Closed on
Feb 25, 2003

Purchase Details

Closed on
May 7, 1999
Sold by
O'Connor John
Bought by
Cochrane Martha and Jamison Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,000
Interest Rate
6.82%
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
Lis Christopher $999,950 Foundation Title
Finley Marjorie L $1,695,000 Wfg National Title
861-63 Third Street Condominium Association -- --
T & T Properties Llc $900,000 Freedom Title
-- -- --
Cochrane Martha $305,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lis Christopher $625,000
Previous Owner Cochrane Martha $244,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $999,950 0.0% --
02/05/2023 02/05/23 Pending -- -- --
01/27/2023 01/27/23 For Sale $999,950 -- --
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
2023 $5,102 $476,400 $476,400 $0
2022 $6,658 $647,000 $476,400 $170,600
2021 $4,179 $560,200 $476,400 $83,800
2020 $5,479 $560,200 $476,400 $83,800
2019 $5,417 $560,200 $476,400 $83,800
2018 $5,367 $560,200 $476,400 $83,800
2017 $5,283 $560,200 $476,400 $83,800
2016 $5,081 $560,200 $476,400 $83,800
2015 $4,850 $541,900 $486,500 $55,400
2014 $4,780 $541,900 $486,500 $55,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 570632

South Jersey Shore Regional MLS

APN: 08-00205-0000-00028