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2804 Bay Avenue

2804 Bay Avenue, Ocean City, NJ 08226
House in Ocean City
Sold Apr 08, 2019
$599,000
$449,000 by Home Fsla
Mortgage
Sold Sep 11, 2012
$565,000
$417,000 by Amerisave Mortgage Corp
Mortgage Due Sep 01, 2042
2804 Bay Avenue in Ocean City, NJ was first built in 1998 and is 26 years old. This has been categorized as a residential property type. There are a total of 2 floors. 2804 Bay Avenue has 1,962 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 925. In total, the area measurement of the land is 4,626 square feet.

Learn more about the property and building on this page. 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 Mar 30, 2019 for $599,000. That's $305.30 per sqft. Prior to that sales transaction, the property was also sold in Aug 31, 2012 for $565,000. 2804 Bay Avenue was last assessed in 2023. The total value of the property was assessed at $545,800. Specifically, the land the property is located on was valued at $283,200. While improvements on the property were assessed at a total of $262,600. 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 $5,846. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,626
  • Lot Size Depth Feet: 925
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,962
  • Building Area: 1,962
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,962
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.106
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WETZEL KIMBERLY S
  • Current Owner 2: WETZEL RICHARD
  • Previous Owner : PANGORAS WILIAM
  • Previous Owner 2: PANGORAS EILEEN
  • Owner Before Previous Owner: RAMBO DAVID H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020203

Geography

  • District: 08
  • Parcel: 08 02807-0000-00023
  • Block: 2807
  • Lot: 23
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2604
  • Longitude: -74.6072

    Address

  • Full Address: 2804 Bay Ave
  • Address - House Number: 2804
  • Address - Street Name: Bay
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C015
  • 4-Digit Zip Code: 2370
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,846

    Appraisal Valuation

  • Standard Deviation: 0.1072
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 89
  • Final Value: 984,186
  • High Value: 1,089,783
  • Low Value: 878,589

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $893,000
  • First Open Lien Mortgage Lender: HOME FSLA
  • First Open Lien Mortgage Recording Date: Apr 08, 2019
  • First Open Lien Mortgage Loan Amount: $449,000
  • 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: PHILADELPHIA MORTGAGE ADVISORS
  • Second Open Lien Mortgage Recording Date: Nov 06, 2020
  • Second Open Lien Mortgage Loan Amount: $444,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $811,357
  • Market Land Value: $420,990
  • Market Improvement Value: $390,367

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,800
  • Assessed Land Value: $283,200
  • Assessed Improvements Value: $262,600

    Sales

  • Current Sale Contract Date: Mar 30, 2019
  • Current Sale Recording Date: Apr 08, 2019
  • Current Sale Transaction ID: 11600032918
  • Current Sale Price: $599,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019089283
  • Previous Sale Recording Date: Sep 11, 2012
  • Previous Sale Contract Date: Aug 31, 2012
  • Previous Sale Amount: $565,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME FSLA
  • First Mortgage Transaction Date: Apr 08, 2019
  • First Mortgage Loan Amount: $449,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: AMERISAVE MORTGAGE CORP
  • Previous Mortgage Transaction Date: Sep 11, 2012
  • Previous Mortgage Loan Amount: $417,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2042

About Ocean City



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 2804 Bay Avenue located in?
The 2804 Bay Avenue is a house located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 2804 Bay Avenue?
The average sales price for units in 2804 Bay Avenue is $599,900 , or $306/sqft. currently.

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