NOT LISTED FOR SALE

Ocean Colony 935 Ocean Ave Unit 626 Ocean City, NJ 08226

Estimated Value: $650,000 - $815,000

2 Beds
2.5 Baths
-- Sq Ft
2.99 Acres

Last Sold September 14, 2018

Last sale price $400,000

Est. 84% increase in value since last sale

Current estimated payment $4,444/month

25 Days on Market

Highlights

  • Water Views
  • Clubhouse
  • Furnished
  • Ocean City Primary School Rated A
  • End Unit
  • 3-minute walk to North Street Playground

About This Home

As of September 2018

Rare end unit available at Ocean Colony. This unit (#626) is an extra large 2BR/2.5BA with two large balconies with ocean and bay views. Includes eat-in kitchen, dinning area, living room with balcony access and half bath. Huge master bedroom with make-up area, balcony access and full bath, comfortable 2nd bedroom with balcony access and hall bath. Ocean Colony offers resort style amenities...an adult and baby pool, a 22,000 sq. ft. pool deck, a sport deck with basketball court, lounges, fitness room, saunas, 4 elevators & game room.

Last Listed By

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 07/18/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,850

Year Built

  • 1977

Lot Details

  • End Unit

Parking

  • 1 Parking Space

Interior Spaces

  • Furnished
  • Blinds
  • Entrance Foyer
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

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

  • Building Patio
  • Clubhouse
  • 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

$3,850

Year Built

1977

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Lvt Date: 07/18/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Unit Location: End Unit, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built (Public Record): 1977

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Breakfast Nook, Dining Room, Eat In Kitchen, Laundry/Utility Room
  • Common Area Features: Clubhouse/Clubroom, Outside Shower, Patio, Playground, Pool, Security, Storage Facility

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, Boardwalk Area, Water View

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Foyer, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2018
Closed on
Sep 11, 2018
Sold by
Goldfield Morton
Bought by
Schaible Wayne A and Schible Sharon D
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$439,900
Sold Price
$400,000
Premium/Discount to List
-$39,900
-9.07%
Total Days on Market
25
Current Estimated Value
$736,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$336,551
Avg. Annual Appreciation
9.34%

Purchase Details

Closed on
Mar 4, 1988
Bought by
Goldfield Morton

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
Schaible Wayne A $400,000 --
Goldfield Morton $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schaible Wayne Anthony $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $400,000 -9.1% --
08/12/2018 08/12/18 Pending -- -- --
07/18/2018 07/18/18 For Sale $439,900 -- --
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
2024 $3,850 $343,100 $192,300 $150,800
2023 $3,675 $343,100 $192,300 $150,800
2022 $3,531 $343,100 $192,300 $150,800
2021 $2,560 $343,100 $192,300 $150,800
2020 $3,356 $343,100 $192,300 $150,800
2019 $3,318 $343,100 $192,300 $150,800
2018 $3,287 $343,100 $192,300 $150,800
2017 $3,235 $343,100 $192,300 $150,800
2016 $3,112 $343,100 $192,300 $150,800
2015 $3,071 $343,100 $192,300 $150,800
2014 $3,026 $343,100 $192,300 $150,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 508373

South Jersey Shore Regional MLS

APN: 08-00901-0000-00023-0000-C626