NOT LISTED FOR SALE

Ocean Colony 935 Ocean Ave Unit 703 Ocean City, NJ 08226

Estimated Value: $939,000 - $1,098,000

2 Beds
3 Baths
-- Sq Ft
2.99 Acres

Last Sold May 25, 2018

Last sale price $457,500

Est. 117% increase in value since last sale

Current estimated payment $6,019/month

21 Days on Market

Highlights

  • Ocean Front
  • Unit is on the top floor
  • Deck
  • Ocean City Primary School Rated A
  • Clubhouse
  • 3-minute walk to North Street Playground

About This Home

As of May 2018

Rare top floor huge (1420 sq. ft.) unit now available at Ocean Colony, Ocean City's premier boardwalk front resort. Two very large Master Bedroom Suites plus an additional third full bath! Very unique floor plan (only six in the building). Living room, dining room and one of the bedrooms opens up to gigantic 222 sq. ft. balcony with incredible views of the ocean, bay and AC skyline. Other bedroom has a private balcony with same incredible views. Amenities include heated pool, fitness center, game room, community room, sports court and beautiful lounge area on first floor.

Last Listed By

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 03/20/2018

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,427

Year Built

  • 1977

Lot Details

  • 2.99

Parking

  • 1 Parking Space

Interior Spaces

  • Furnished
  • Blinds
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Deck
  • Ocean Front
  • Unit is on the top floor

Community Details

Overview

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

Amenities

  • 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

$5,427

Year Built

1977

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Lvt Date: 03/20/2018
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Unit Location: Top Floor, 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: 3
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Clubhouse/Clubroom, Deck/Porch, Elevator, Outside Shower, Playground, Pool, Sauna, Security, Storage Facility

Exterior Features

  • Siding Exterior: Masonry/Block

Garage/Parking

  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • 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, Ocean Front

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2018
Closed on
May 25, 2018
Sold by
Mcguigan Eileen L
Bought by
Gibello Craig D and Gibello Joann M
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
Robert Gullo
Fox Real Estate-Ocean
List Price
$499,900
Sold Price
$457,500
Premium/Discount to List
-$42,400
-8.48%
Total Days on Market
21
Current Estimated Value
$994,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$537,012
Avg. Annual Appreciation
11.70%
Original Mortgage
$357,500
Outstanding Balance
$312,401
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$682,111

Purchase Details

Closed on
Jun 30, 1989
Sold by
Shalkop Joanne
Bought by
Mcguigan James and Mcguigan Eileen

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
Gibello Craig D $457,500 --
Mcguigan James $205,000 --
Mcguigan James L $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gibello Craig D $357,500
Previous Owner Mcguigan Eileen L $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $457,500 -8.5% --
04/10/2018 04/10/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $499,900 -- --
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 $5,427 $483,700 $241,400 $242,300
2023 $5,180 $483,700 $241,400 $242,300
2022 $4,977 $483,700 $241,400 $242,300
2021 $3,608 $483,700 $241,400 $242,300
2020 $4,731 $483,700 $241,400 $242,300
2019 $4,677 $483,700 $241,400 $242,300
2018 $4,384 $483,700 $241,400 $242,300
2017 $4,311 $483,700 $241,400 $242,300
2016 $4,137 $483,700 $241,400 $242,300
2015 $4,079 $483,700 $241,400 $242,300
2014 $4,016 $483,700 $241,400 $242,300
Source: Public Records

Agents Affiliated with this Home

  • Robert Gullo

    Seller's Agent in 2018

    Robert Gullo

    Fox Real Estate-Ocean

    (856) 305-2091

    190 in this area

    200 Total Sales

    Robert Gullo
    Section Image
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About Ocean Colony

Map

Source: South Jersey Shore Regional MLS

MLS Number: 502623

South Jersey Shore Regional MLS

APN: 08-00901-0000-00023-0000-C703

New Jersey Cape May County Ocean City 08226

935 Ocean Ave Unit 703, Ocean City, NJ

Homes for Sale in Ocean City, NJ

This home is located at 935 Ocean Ave Unit 703, Ocean City, NJ 08226 since 20 March 2018 and is currently estimated at $994,512. This property was built in 1977. 935 Ocean Ave Unit 703 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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Information is deemed reliable but not guaranteed.
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