NOT LISTED FOR SALE

862 1st St Unit 2 Ocean City, NJ 08226

Estimated Value: $1,019,000 - $1,226,000

5 Beds
2 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold October 31, 2014

Last sale price $472,500

Est. 130% increase in value since last sale

Current estimated payment $6,197/month

15 Days on Market

Highlights

  • Water Views
  • Building is beachfront but unit may not have water views
  • Furnished
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Den

About This Home

As of October 2014

BEST PRICED 5 Bedroom Condo in Ocean City!!!! This charming 2nd fl unit features HUGE wraparound porch with GREAT Ocean Views!!! Spacious layout with beautiful hardwood floors, Newer kitchen, original woodwork and trim, 5 large bedrooms, Living room, and full dining room!CLASSIC SEASHORE HOME! Location, Location, Location! Must see!

Last Agent to Sell the Property

Ellen McGonigle

BHHS FOX and ROACH-Simpson OC Listed on: 09/03/2014

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Robert Bond

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,290

Year Built

  • Built in 1920

Lot Details

  • Building is beachfront but unit may not have water views

Home Design

  • Wood Siding
  • Cedar Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Wood Flooring
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Heating Available
  • Gas Water Heater

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,290

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Curtains, Furnished
  • Year Built: 1920
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Three To Five
  • Unit Location: Second Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Family Room
  • Bedrooms: 5
  • Full Bathrooms: 2
  • Other Rooms: Den/Tv Room, Dining Room
  • Common Area Features: Outside Shower

Exterior Features

  • Siding Exterior: Cedar, Wood Shingle

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Condo/Co-op/Association

  • Management: Co-Owner

Lot Info

  • Location: Beach Block

Rental Info

  • Pets: Yes

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2023
Sold by
Distefano Jonna
Bought by
Heaney Bradley G
Current Estimated Value
$1,085,681

Purchase Details

Listed on
Sep 3, 2014
Closed on
Oct 31, 2014
Sold by
Hirsh Michael L and Hirsh Kathleen J
Bought by
Distefano Jonna
Seller's Agent
Ellen McGonigle
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Robert Bond
Compass New Jersey-Ocean City (O463E)
List Price
$472,500
Sold Price
$472,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.88%
Original Mortgage
$378,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 1994
Sold by
Goldstein Marvin
Bought by
Hirsh Michael and Hirsh Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,000
Interest Rate
8.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Heaney Bradley G $945,000 Surety Title
Distefano Jonna $472,500 None Available
Hirsh Michael $93,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Distefano Jonna $378,000
Previous Owner Hirsh Michael $74,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2014 10/31/14 Sold $472,500 0.0% --
09/18/2014 09/18/14 Pending -- -- --
09/03/2014 09/03/14 For Sale $472,500 -- --
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 $5,290 $471,500 $339,000 $132,500
2024 $5,290 $471,500 $339,000 $132,500
2023 $5,014 $468,200 $339,000 $129,200
2022 $4,705 $468,200 $339,000 $129,200
2021 $3,493 $468,200 $339,000 $129,200
2020 $4,579 $468,200 $339,000 $129,200
2019 $4,527 $468,200 $339,000 $129,200
2018 $4,485 $468,200 $339,000 $129,200
2017 $4,415 $468,200 $339,000 $129,200
2016 $4,247 $468,200 $339,000 $129,200
2015 $4,190 $468,200 $339,000 $129,200
2014 $4,130 $468,200 $339,000 $129,200
Source: Public Records

Agents Affiliated with this Home

  • Ellen McGonigle

    Seller's Agent in 2014

    Ellen McGonigle

    BHHS Fox & Roach

    (609) 602-7507

    71 in this area

    120 Total Sales

    Ellen McGonigle
    Section Image
  • Robert Bond

    Buyer's Agent in 2014

    Robert Bond

    Compass New Jersey-Ocean City (O463E)

    (609) 289-2916

    30 in this area

    50 Total Sales

    Robert Bond
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 435196

South Jersey Shore Regional MLS

APN: 08-00102-0000-00028-0000-C2

New Jersey Cape May County Ocean City 08226

862 1st St Unit 2, Ocean City, NJ

This home is located at 862 1st St Unit 2, Ocean City, NJ 08226 since 03 September 2014 and is currently estimated at $1,085,681. This property was built in 1920. 862 1st St 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.

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