$550,000
SOLD AUG 19, 2021

Ocean Colony 935 Ocean Ave Unit 416 Ocean City, NJ 08226

2 Beds
2 Baths
1,166 Sq Ft
2.99 Acres

Recently Sold

$472 Per Sq Ft

2% Below List Price

11 Days on Market

Highlights

  • Clubhouse
  • Sauna
  • Great Room
  • Ocean City Primary School Rated A
  • Furnished
  • 3-minute walk to North Street Playground

About This Home

As of August 2021

Newly renovated, spacious and beautiful condo located in Ocean Colony. Ocean City's premier boardwalk front building. A stone's throw to the beach & boardwalk. The redesigned floor plan offers a more open and spacious feel. Upgrades include Mannington luxury vinyl plank flooring, titanium silver cosmic granite counters, high- end appliances in elegant Tuscan stainless steel, side-by-side refrigerator with cooling wine drawer, convection oven for faster cooking, ultra quiet dishwasher, under counter LED lighting, new insulated glass panels in sliding glass doors, renovated HVAC system as well. Beautifully furnished and decorated. Ocean Colony offers resort style amenities including a heated pool, sports court, fitness center with sauna, game room, community room and four elevators.

Last Agent to Sell the Property

Robert Gullo

Fox Real Estate-Ocean License #0233337 Listed on: 07/10/2021

Last Buyer's Agent

CHRISTINE ECKER MASKER

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St License #1540331

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,886

Year Built

  • Built in 1977

Parking

  • 1 Parking Space

Interior Spaces

  • Furnished
  • Blinds
  • Great Room
  • Dining Area

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

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

  • 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

$4,886

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Furnished
  • Lvt Date: 07/10/2021
  • Year Built: 1977
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Six To Ten
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Great Room, Laundry/Utility Room
  • Common Area Features: Clubhouse/Clubroom, 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, 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 Area

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2021
Closed on
Aug 14, 2021
Sold by
Spica Joseph D and Spica Judy V
Bought by
Smyth Charles J and Smyth Eileen V
Seller's Agent
Robert Gullo
Fox Real Estate-Ocean
Buyer's Agent
CHRISTINE ECKER MASKER
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$559,900
Sold Price
$550,000
Premium/Discount to List
-$9,900
-1.77%
Current Estimated Value
$742,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,182
Avg. Annual Appreciation
8.37%
Original Mortgage
$200,000
Outstanding Balance
$183,813
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$572,383

Purchase Details

Listed on
Dec 1, 2014
Closed on
Apr 17, 2015
Sold by
Segal Howard B and Segal Mindee J
Bought by
Bird Brandon W and Bird Michael Ann
Seller's Agent
Judith Wolfson
NEW ERA REAL ESTATE-B
Buyer's Agent
Jeff Quintin
eXp Realty - Ocean City S382K
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$292,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 11, 2011
Sold by
Kaufman Michael and Kaufman Ilene
Bought by
Segal Howard B and Segal Mindee J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
4.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2005
Sold by
Mcnamara Dorothy D
Bought by
Kaufman Michael and Kaufman Ilene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $550,000 Infinity Title
Bargain Sale Deed $390,000 Freedom Title & Abstract Co
Deed $437,500 None Available
Deed $475,000 Ocean Abstract Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 Purchase Money Mortgage
Previous Owner $292,500 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $324,000 Purchase Money Mortgage
Previous Owner $202,800 Unknown
Previous Owner $90,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $550,000 -1.8% $472 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $559,900 +67.1% $480 / Sq Ft
12/06/2019 12/06/19 Sold $335,000 -6.7% $287 / Sq Ft
10/16/2019 10/16/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $358,900 -8.0% $308 / Sq Ft
04/17/2015 04/17/15 Sold $390,000 0.0% $334 / Sq Ft
03/21/2015 03/21/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $390,000 -- $334 / Sq Ft
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 $4,886 $435,500 $208,800 $226,700
2023 $4,664 $435,500 $208,800 $226,700
2022 $4,481 $435,500 $208,800 $226,700
2021 $2,782 $372,900 $208,800 $164,100
2020 $3,647 $372,900 $208,800 $164,100
2019 $3,606 $372,900 $208,800 $164,100
2018 $3,572 $372,900 $208,800 $164,100
2017 $3,516 $372,900 $208,800 $164,100
2016 $3,382 $372,900 $208,800 $164,100
2015 $3,337 $372,900 $208,800 $164,100
2014 -- $372,900 $208,800 $164,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 552908

South Jersey Shore Regional MLS

APN: 08-00901-0000-00023-0000-C416