NOT LISTED FOR SALE

Ocean Colony 935 Ocean Ave Unit 527 Ocean City, NJ 08226

Estimated Value: $616,592 - $755,000

2 Beds
2 Baths
-- Sq Ft
2.99 Acres

Last Sold September 21, 2018

Last sale price $300,000

Est. 113% increase in value since last sale

Current estimated payment $3,781/month

31 Days on Market

Highlights

  • Water Views
  • Deck
  • Community Pool
  • Ocean City Primary School Rated A
  • Sauna
  • 3-minute walk to North Street Playground

About This Home

As of September 2018

Best buy 2BR/2BA in Ocean City's premier boardwalk front condo building. This unit is priced to sell. Two balconies with peaks of the ocean. Long term Tenants will be vacating September 30th (furnishing and appliances will be removed upon Tenant vacating). Ocean Colony offers resort style amenities...an adult and baby pool, a 22,000 sq. ft. pool deck, a sports deck with basketball court, lounges, fitness room, saunas, 4 elevators & game room.

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 08/07/2018

Last Buyer's Agent

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 08/07/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,347

Lot Details

  • 2.99

Parking

  • 1 Parking Space

Interior Spaces

  • Entrance Foyer
  • Dining Area
  • Kitchen Island
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

Overview

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

Amenities

  • Sauna
  • Elevator

Recreation

  • Community Boardwalk
  • Community Playground
  • Outdoor Community Showers

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,347

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 08/07/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Bedrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Deck/Porch, Elevator, Outside Shower, Playground, Pool, Sauna

Garage/Parking

  • Parking Exterior: One Car

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Location: Boardwalk Front

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Foyer, Kitchen Center Island, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 18, 2025
Sold by
Gandolfi Bruce E and Gandolfi Rita M
Bought by
Frick Martin C and Frick Patricia M
Current Estimated Value
$639,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Outstanding Balance
$330,000
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$300,692

Purchase Details

Listed on
Aug 7, 2018
Closed on
Sep 17, 2018
Sold by
Obrien Ret
Bought by
Gandolfi Bruce E and Gandolfi Rita M
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$359,900
Sold Price
$300,000
Premium/Discount to List
-$59,900
-16.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.37%

Purchase Details

Closed on
Nov 23, 2016
Sold by
Obrien John L
Bought by
Obrien John L and Cavaliera Barbara J

Purchase Details

Closed on
Aug 10, 1978
Bought by
O'Brien John L and Moran Mary Jane
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
Frick Martin C $650,000 Trident Land Transfer
Frick Martin C $650,000 Trident Land Transfer
Gandolfi Bruce E $300,000 --
Obrien John L -- None Available
O'Brien John L $49,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frick Martin C $330,000
Closed Frick Martin C $330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $300,000 -16.6% --
09/07/2018 09/07/18 Pending -- -- --
08/07/2018 08/07/18 For Sale $359,900 -- --
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 $3,347 $298,300 $176,900 $121,400
2024 $3,347 $298,300 $176,900 $121,400
2023 $3,195 $298,300 $176,900 $121,400
2022 $3,070 $298,300 $176,900 $121,400
2021 $2,885 $298,300 $176,900 $121,400
2020 $2,917 $298,300 $176,900 $121,400
2019 $2,885 $298,300 $176,900 $121,400
2018 $2,858 $298,300 $176,900 $121,400
2017 $2,813 $298,300 $176,900 $121,400
2016 $2,706 $298,300 $176,900 $121,400
2015 $2,670 $298,300 $176,900 $121,400
2014 $2,631 $298,300 $176,900 $121,400
Source: Public Records

Agents Affiliated with this Home

  • Robert Gullo

    Seller's Agent in 2018

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    184 in this area

    194 Total Sales

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About Ocean Colony

Map

Source: South Jersey Shore Regional MLS

MLS Number: 509396

South Jersey Shore Regional MLS

APN: 08-00901-0000-00023-0000-C527

New Jersey Cape May County Ocean City 08226

935 Ocean Ave Unit 527, Ocean City, NJ

This home is located at 935 Ocean Ave Unit 527, Ocean City, NJ 08226 since 07 August 2018 and is currently estimated at $668,398. 935 Ocean Ave Unit 527 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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