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342 Atlantic Avenue

342 Atlantic Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Mar 30, 2004
$355,000
$255,000 by Firstrust Bank
Mortgage Due Apr 01, 2045
Sold Mar 30, 2004
$355,000
$284,000 by Cendant Mortgage Corp
Mortgage Due Mar 01, 2034
Local assessors in Ocean City, NJ have categorized 342 Atlantic Avenue as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 10,000 square feet. The linear feet between the front and back of the lot was measured at 90,400 ft and the front of the lot was measured at 800 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 3 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 342 Atlantic Avenue has a total of 1,465 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. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 342 Atlantic Avenue was last sold in Feb 20, 2004 for $355,000. According to our calculations, that's $242.32 per sqft. Prior to that sales transaction, the property was sold for $355,000 in Feb 20, 2004. Current property owners are expected to pay $4,130 in taxes per year. The property on 342 Atlantic Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $385,600. To break that down further, the land itself was valued at $248,300. While improvements to the property were assessed at a total of $137,300. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 90,400
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,465
  • Building Area: 1,465
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,465
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.23
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: L35-37 OB304L953,955

Ownership

  • Current Owner : CLEARY MICHAEL J
  • Current Owner 2: CLEARY EILEEN MCCULLOUGH
  • Previous Owner : CONDLIFF LISA K
  • Owner Before Previous Owner: CONDLIFF LISA K

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020101

Geography

  • District: 08
  • Parcel: 08 00304-0000-00034-0000-C6
  • Block: 304
  • Lot: 34
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2822
  • Longitude: -74.5661

    Address

  • Full Address: 342 Atlantic Ave
  • Address - House Number: 342
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C014
  • 4-Digit Zip Code: 4024
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,130

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 830,183
  • High Value: 1,043,072
  • Low Value: 617,295

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $255,000
  • First Open Lien Mortgage Lender: FIRSTRUST BANK
  • First Open Lien Mortgage Recording Date: Apr 22, 2015
  • First Open Lien Mortgage Loan Amount: $255,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2045

    Market Valuation

  • Market Total Value: $573,213
  • Market Land Value: $369,110
  • Market Improvement Value: $204,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,600
  • Assessed Land Value: $248,300
  • Assessed Improvements Value: $137,300

    Sales

  • Current Sale Contract Date: Feb 20, 2004
  • Current Sale Recording Date: Mar 30, 2004
  • Current Sale Transaction ID: 1191742365
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 30, 2004
  • Previous Sale Contract Date: Feb 20, 2004
  • Previous Sale Amount: $355,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENDANT MORTGAGE CORP
  • First Mortgage Transaction Date: Mar 30, 2004
  • First Mortgage Loan Amount: $284,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Mar 01, 2034

    Previous Mortgages

  • Previous Mortgage Lender: CENDANT MORTGAGE CORP
  • Previous Mortgage Transaction Date: Mar 30, 2004
  • Previous Mortgage Loan Amount: $284,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Mar 01, 2034

About Ocean City



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Frequently Asked Questions

What neighborhood is 342 Atlantic Avenue located in?
The 342 Atlantic Avenue is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 342 Atlantic Avenue?
The average sales price for units in 342 Atlantic Avenue is $0 currently.

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