NOT LISTED FOR SALE

Ocean Colony 935 Ocean Ave Unit 321 Ocean City, NJ 08226

Estimated Value: $425,000 - $546,000

1 Bed
1 Bath
-- Sq Ft
2.99 Acres

Last Sold August 22, 2014

Last sale price $200,000

Est. 138% increase in value since last sale

Current estimated payment $2,904/month

577 Days on Market

Highlights

  • Building is beachfront but unit may not have water views
  • Clubhouse
  • Sauna
  • Ocean City Primary School Rated A
  • Deck
  • 3-minute walk to North Street Playground

About This Home

As of August 2014

LOWEST PRICED OCEAN COLONY in the building! Priced to sell this unit is on the sunny southside of the building, 3rd Fl, 2 balconies, overlooking the sports deck! Furnished and 'as is' Includes all the amenities at Ocean Colony....22,000 sq.ft .pool deck, adult and child pool (both heated), sport court, shuffleboard, game room, lounge, saunas, fitness center, poolside cabanas. Also on-site professional management, 24 hour security, 4 elevators EZ to see!

Last Listed By

NANCY RAUSCH

Fox Real Estate - Beachwatch License #0452119 Listed on: 12/18/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,923

Year Built

  • 1977

Lot Details

  • Building is beachfront but unit may not have water views
  • Fenced

Home Design

  • Concrete Siding

Interior Spaces

  • Furnished
  • Drapes & Rods
  • Entrance Foyer
  • Dining Area
  • Carpet

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, sewer, trash, water
  • Ocean Colony Condos
  • 6-Story Property

Amenities

  • Building Patio
  • Sauna
  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Community Boardwalk
  • Community Playground
  • Outdoor Community Showers

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,923

Year Built

1977

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Curtains, Furnished
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built (Public Record): 1977

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Cable Tv, Clubhouse/Clubroom, Deck/Porch, Elevator, Fenced Yard, Outside Shower, Patio, Playground, Pool, Sauna, Security, Storage Facility, Tennis Court

Exterior Features

  • Siding Exterior: Concrete, Masonry/Block

Utilities

  • Air Conditioner: Electric
  • Heating: Electric, Forced Air
  • Sewer: Public Sewer
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Sewer, Trash, Water
  • Condo Name: Ocean Colony
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Beach Block, Boardwalk Front

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Foyer, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2012
Closed on
Aug 21, 2014
Sold by
Bernstein Chambers Jacqualyne and Bernstein Michael R
Bought by
Dejesus Nelson and Dejesus Ana
Seller's Agent
NANCY RAUSCH
Fox Real Estate - Beachwatch
Buyer's Agent
NANCY RAUSCH
Fox Real Estate - Beachwatch
List Price
$200,000
Sold Price
$200,000
Total Days on Market
577
Current Estimated Value
$475,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,207
Avg. Annual Appreciation
8.36%
Original Mortgage
$150,000
Outstanding Balance
$116,396
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$358,811

Purchase Details

Closed on
Nov 20, 2012
Sold by
Bernstein Ralph R
Bought by
Trustee U/A The Ralph R Bernstein Irrevo

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
Dejesus Nelson $200,000 The Title Company Of Jersey
Trustee U/A The Ralph R Bernstein Irrevo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dejesus Nelson $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2014 08/22/14 Sold $200,000 0.0% --
07/18/2014 07/18/14 Pending -- -- --
12/18/2012 12/18/12 For Sale $200,000 -- --
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 $2,923 $260,500 $163,400 $97,100
2023 $2,790 $260,500 $163,400 $97,100
2022 $2,681 $260,500 $163,400 $97,100
2021 $1,943 $260,500 $163,400 $97,100
2020 $2,548 $260,500 $163,400 $97,100
2019 $2,519 $260,500 $163,400 $97,100
2018 $2,496 $260,500 $163,400 $97,100
2017 $2,457 $260,500 $163,400 $97,100
2016 $2,363 $260,500 $163,400 $97,100
2015 $2,331 $260,500 $163,400 $97,100
2014 $2,298 $260,500 $163,400 $97,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2014

    NANCY RAUSCH

    Fox Real Estate - Beachwatch

    (609) 214-5522

    7 in this area

    8 Total Sales

    NANCY RAUSCH
    Section Image
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About Ocean Colony

Map

Source: South Jersey Shore Regional MLS

MLS Number: 404287

South Jersey Shore Regional MLS

APN: 08-00901-0000-00023-0000-C321

New Jersey Cape May County Ocean City 08226

935 Ocean Ave Unit 321, Ocean City, NJ

Homes for Sale in Ocean City, NJ

This home is located at 935 Ocean Ave Unit 321, Ocean City, NJ 08226 since 18 December 2012 and is currently estimated at $475,207. This property was built in 1977. 935 Ocean Ave Unit 321 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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