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25 Harbor Road

25 Harbor Road, Ocean City, NJ 08226
House in Ocean City
Sold Jul 29, 2020
$1,485,000
$1,188,000 by 1st Natl Bk Absecon
Mortgage
Sold Aug 01, 2019
$520,000
25 Harbor Road 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 4 floors. 25 Harbor Road has 1,369 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 363 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 3,624 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 25 Harbor Road sold most recently in May 21, 2020 for a total of $1,485,000. If you work out the math, that's approximately a cost of $1,084.73 per sqft. Before that, the property was also sold for $520,000 in Jul 26, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,558 in taxes each year. The initial year of tax delinquency occurred in 2017. 25 Harbor Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,359,300. If we break it down further, the land itself was valued at $333,600. Improvements to the property, however, were assessed at a total of $1,025,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage

Condition

New Construction
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: 4
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,624
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 363
  • Total Building Area: 1,369
  • Building Area: 1,369
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,369
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.083
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB33D L6

Ownership

  • Current Owner : DUNN ERIC S
  • Current Owner 2: DUNN ELIZABETH W
  • Previous Owner : DEEMER WILLIAM F
  • Owner Before Previous Owner: 25 HARBOR ROAD LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 8
  • District: 08
  • Parcel: 08 00070- 68-00004
  • Block: 70.68
  • Lot: 4
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2948
  • Longitude: -74.5599

    Address

  • Full Address: 25 Harbor Rd
  • Address - House Number: 25
  • Address - Street Name: Harbor
  • Address - Suffix Type: Rd
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C001
  • 4-Digit Zip Code: 4630
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,558
  • Intital Tax Deliquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 2,577,715
  • High Value: 3,226,958
  • Low Value: 1,928,472

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,188,000
  • First Open Lien Mortgage Lender: 1ST NATL BK ABSECON
  • First Open Lien Mortgage Recording Date: Jul 29, 2020
  • First Open Lien Mortgage Loan Amount: $1,188,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Market Valuation

  • Market Total Value: $2,020,663
  • Market Land Value: $495,912
  • Market Improvement Value: $1,524,751

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,359,300
  • Assessed Land Value: $333,600
  • Assessed Improvements Value: $1,025,700

    Sales

  • Current Sale Contract Date: May 21, 2020
  • Current Sale Recording Date: Jul 29, 2020
  • Current Sale Transaction ID: 11781318039
  • Current Sale Price: $1,485,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020023347
  • Previous Sale Recording Date: Aug 01, 2019
  • Previous Sale Contract Date: Jul 26, 2019
  • Previous Sale Amount: $520,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: 1ST NATL BK ABSECON
  • First Mortgage Transaction Date: Jul 29, 2020
  • First Mortgage Loan Amount: $1,188,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Ocean City



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Frequently Asked Questions

What neighborhood is 25 Harbor Road located in?
The 25 Harbor Road is a house located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 25 Harbor Road?
The average sales price for units in 25 Harbor Road is $0 currently.

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