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125 Wesley Road

125 Wesley Road, Ocean City, NJ 08226
Property in Ocean City
Sold Jun 04, 2021
$899,000
$548,000 by Valley National Bank
Mortgage
Sold Oct 28, 2002
$375,000
$280,000 by Ocean City Home Bk
Mortgage
125 Wesley Road has been categorized by the local assessors in Ocean City, NJ as a residential type of property. The building on the property was first built in 1932 and is 92 years old. The building has a total of 2 stories. In addition, 125 Wesley Road has 1,650 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,080 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 3,563 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The property was last sold in May 27, 2021 for $899,000. That's $544.85 per sqft. Prior to that sales transaction, the property was also sold in Oct 24, 2002 for $375,000. 125 Wesley Road was last assessed in 2023. The total value of the property was assessed at $602,800. Specifically, the land the property is located on was valued at $427,100. While improvements on the property were assessed at a total of $175,700. 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 $6,456. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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: 1932
  • Effective Year Built: 1932
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,563
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 330
  • Total Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,650
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.082
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB27G L2709

Ownership

  • Current Owner : OAKLEY MARGOT E
  • Current Owner 2: PAKEY PAUL W
  • Previous Owner : SAVAGE PATRICIA
  • Previous Owner 2: QUINN CATHLEEN
  • Owner Before Previous Owner: PACIENZA VICTOR

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020201

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 7
  • District: 08
  • Parcel: 08 00070- 31-00007
  • Block: 70.31
  • Lot: 7
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.289
  • Longitude: -74.5594

    Address

  • Full Address: 125 Wesley Rd
  • Address - House Number: 125
  • Address - Street Name: Wesley
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C002
  • 4-Digit Zip Code: 4463
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,456

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,356,615
  • High Value: 1,698,303
  • Low Value: 1,014,928

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $748,000
  • First Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 04, 2021
  • First Open Lien Mortgage Loan Amount: $548,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: CITIZENS BANK NA
  • Second Open Lien Mortgage Recording Date: Oct 04, 2022
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 298
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 09, 2047

    Market Valuation

  • Market Total Value: $896,090
  • Market Land Value: $634,904
  • Market Improvement Value: $261,186

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $602,800
  • Assessed Land Value: $427,100
  • Assessed Improvements Value: $175,700

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: Jun 04, 2021
  • Current Sale Transaction ID: 11840550094
  • Current Sale Price: $899,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021027854
  • Previous Sale Recording Date: Oct 28, 2002
  • Previous Sale Contract Date: Oct 24, 2002
  • Previous Sale Amount: $375,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VALLEY NATIONAL BANK
  • First Mortgage Transaction Date: Jun 04, 2021
  • First Mortgage Loan Amount: $548,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: OCEAN CITY HOME BK
  • Previous Mortgage Transaction Date: Oct 28, 2002
  • Previous Mortgage Loan Amount: $280,000
  • Previous Mortgage Term: 360

About Ocean City



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Frequently Asked Questions

What neighborhood is 125 Wesley Road located in?
The 125 Wesley Road is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 125 Wesley Road?
The average sales price for units in 125 Wesley Road is $0 currently.

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