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320 Ocean Avenue

320 Ocean Avenue, Marmora, NJ 08223
House in Cape May
Sold Jun 08, 2021
$580,000
$300,000 by Gateway Mortgage Group
Mortgage
Sold Jan 28, 2005
$153,500
Local assessors in Marmora, NJ have categorized 320 Ocean Avenue as a residential type of property. The home was built in 2010 and is 14 years old. The property's lot size has been calculated to be 59,677 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 320 Ocean Avenue has a total of 3,130 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this 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, 320 Ocean Avenue sold most recently in May 26, 2021 for a total of $580,000. If you work out the math, that's approximately a cost of $185.30 per sqft. Before that, the property was also sold for $153,500 in Jan 7, 2005. 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 $10,718 in taxes each year. 320 Ocean Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $491,200. If we break it down further, the land itself was valued at $108,700. Improvements to the property, however, were assessed at a total of $382,500. 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. 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!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
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 59,677
  • Total Building Area: 3,130
  • Building Area: 3,130
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 1.37
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : DESORTE CHARLES
  • Current Owner 2: DESORTE LORI
  • Previous Owner : MURRAY TIMOTHY M
  • Previous Owner 2: MURRAY KATHLEEN A
  • Owner Before Previous Owner: LAURIELLO ANTHONY
  • Owner Before Previous Owner 2: LAURIELLO GLADYS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Upper Township School District
  • Census Tract: 020301

Zoning

  • Zoning: R

Geography

  • Assessors Map Reference: TAX MAP 26.1
  • District: 11
  • Parcel: 11 00633-0000-00033
  • Block: 633
  • Lot: 33
  • Municipality: UPPER TWP
  • Latitude: 39.2468
  • Longitude: -74.6727

    Address

  • Full Address: 320 Ocean Ave
  • Address - House Number: 320
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Marmora
  • Carrier Code: R002
  • 4-Digit Zip Code: 1028
  • Zip Code: 08223

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,718

    Appraisal Valuation

  • Standard Deviation: 0.253
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 779,287
  • High Value: 976,470
  • Low Value: 582,105

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $325,000
  • First Open Lien Mortgage Lender: GATEWAY MORTGAGE GROUP
  • First Open Lien Mortgage Recording Date: Jun 08, 2021
  • First Open Lien Mortgage Loan Amount: $300,000
  • 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: FULTON BANK NA
  • Second Open Lien Mortgage Recording Date: May 16, 2022
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $666,757
  • Market Land Value: $147,550
  • Market Improvement Value: $519,207

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $491,200
  • Assessed Land Value: $108,700
  • Assessed Improvements Value: $382,500

    Sales

  • Current Sale Contract Date: May 26, 2021
  • Current Sale Recording Date: Jun 08, 2021
  • Current Sale Transaction ID: 11840531420
  • Current Sale Price: $580,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021028501
  • Previous Sale Recording Date: Jan 28, 2005
  • Previous Sale Contract Date: Jan 07, 2005
  • Previous Sale Amount: $153,500
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GATEWAY MORTGAGE GROUP
  • First Mortgage Transaction Date: Jun 08, 2021
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Cape May



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Frequently Asked Questions

What neighborhood is 320 Ocean Avenue located in?
The 320 Ocean Avenue is a house located in the neighborhood of Cape May in Cape May, Marmora.
What is the average sales price for listings in 320 Ocean Avenue?
The average sales price for units in 320 Ocean Avenue is $0 currently.

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