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1140 Wesley Avenue

1140 Wesley Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Jun 04, 1997
$251,000
$192,000 by Norwest Mtg Inc
Mortgage
Sold Dec 16, 1994
$240,000
$161,000 by Equity One Inc
Mortgage
1140 Wesley Avenue in Ocean City, NJ was first built in 1940 and is 84 years old. This has been categorized as a residential property type. There are a total of 3 floors. 1140 Wesley Avenue has 2,664 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 900. In total, the area measurement of the land is 4,500 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The property was last sold in May 23, 1997 for $251,000. That's $94.22 per sqft. Prior to that sales transaction, the property was also sold in Nov 18, 1994 for $240,000. 1140 Wesley Avenue was last assessed in 2023. The total value of the property was assessed at $665,400. Specifically, the land the property is located on was valued at $568,600. While improvements on the property were assessed at a total of $96,800. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $7,126. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,500
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,664
  • Building Area: 2,664
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,664
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.103
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB1103 L774B

Ownership

  • Current Owner : DICKERSON CLARENCE A
  • Current Owner 2: DICKERSON REBECCA J
  • Previous Owner : HAERTTER GRANT V
  • Owner Before Previous Owner: MENGES LOUISE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020102

Zoning

  • Zoning: HM

Geography

  • Assessors Map Reference: TAX MAP 15
  • District: 08
  • Parcel: 08 01103-0000-00027
  • Block: 1103
  • Lot: 27
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2747
  • Longitude: -74.5792

    Address

  • Full Address: 1140 Wesley Ave
  • Address - House Number: 1140
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C016
  • 4-Digit Zip Code: 3347
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,126

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,507,563
  • High Value: 1,894,154
  • Low Value: 1,120,971

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $292,000
  • First Open Lien Mortgage Lender: NORWEST MTG INC
  • First Open Lien Mortgage Recording Date: Jun 04, 1997
  • First Open Lien Mortgage Loan Amount: $192,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • Second Open Lien Mortgage Lender: TD BANK NA
  • Second Open Lien Mortgage Recording Date: Jun 07, 2017
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 26, 2047

    Market Valuation

  • Market Total Value: $989,148
  • Market Land Value: $845,250
  • Market Improvement Value: $143,898

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $665,400
  • Assessed Land Value: $568,600
  • Assessed Improvements Value: $96,800

    Sales

  • Current Sale Contract Date: May 23, 1997
  • Current Sale Recording Date: Jun 04, 1997
  • Current Sale Transaction ID: 1191728179
  • Current Sale Price: $251,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Dec 16, 1994
  • Previous Sale Contract Date: Nov 18, 1994
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORWEST MTG INC
  • First Mortgage Transaction Date: Jun 04, 1997
  • First Mortgage Loan Amount: $192,000
  • First Mortgage Terms: 360

    Previous Mortgages

  • Previous Mortgage Lender: EQUITY ONE INC
  • Previous Mortgage Transaction Date: Dec 16, 1994
  • Previous Mortgage Loan Amount: $161,000
  • Previous Mortgage Term: 360

About Ocean City



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Frequently Asked Questions

What neighborhood is 1140 Wesley Avenue located in?
The 1140 Wesley Avenue is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 1140 Wesley Avenue?
The average sales price for units in 1140 Wesley Avenue is $0 currently.

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