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405 Wesley Avenue

405 Wesley Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Aug 25, 2017
$390,000
$312,000 by Presidential Bank Fsb
Mortgage Due Aug 01, 2047
Sold May 25, 1984
$103,000
Local assessors in Ocean City, NJ have categorized 405 Wesley Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 5,249 square feet. The linear feet between the front and back of the lot was measured at 1,050 ft and the front of the lot was measured at 500 ft. 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 405 Wesley Avenue has a total of 2,706 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 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. 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, 405 Wesley Avenue was last sold in Jul 31, 2017 for $390,000. According to our calculations, that's $144.12 per sqft. Prior to that sales transaction, the property was sold for $103,000 in May 25, 1984. Current property owners are expected to pay $5,938 in taxes per year. The property on 405 Wesley Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $554,400. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $254,400. 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. 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!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: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,249
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,706
  • Building Area: 2,706
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,706
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.121
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB405 L680

Ownership

  • Current Owner : DIGIACOMO GERALD
  • Current Owner 2: DIGIACOMO VELERIE
  • Previous Owner : HALL DANIEL J
  • Previous Owner 2: THE ESTATE OF CLAIRE M HALL
  • Ownership Rights Codes: Et al (and others)

Neighborhood

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

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: TAX MAP 10
  • District: 08
  • Parcel: 08 00405-0000-00005
  • Block: 405
  • Lot: 5
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2829
  • Longitude: -74.5679

    Address

  • Full Address: 405 Wesley Ave
  • Address - House Number: 405
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C006
  • 4-Digit Zip Code: 3961
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,938

    Appraisal Valuation

  • Standard Deviation: 0.2563
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,168,289
  • High Value: 1,467,762
  • Low Value: 868,817

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $312,000
  • First Open Lien Mortgage Lender: PRESIDENTIAL BANK FSB
  • First Open Lien Mortgage Recording Date: Aug 25, 2017
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $312,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2047

    Market Valuation

  • Market Total Value: $824,141
  • Market Land Value: $445,964
  • Market Improvement Value: $378,177

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $554,400
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $254,400

    Sales

  • Current Sale Contract Date: Jul 31, 2017
  • Current Sale Recording Date: Aug 25, 2017
  • Current Sale Transaction ID: 1733064750
  • Current Sale Price: $390,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 6457
  • Previous Sale Recording Date: May 25, 1984
  • Previous Sale Contract Date: May 25, 1984
  • Previous Sale Amount: $103,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRESIDENTIAL BANK FSB
  • First Mortgage Transaction Date: Aug 25, 2017
  • First Mortgage Loan Amount: $312,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Aug 01, 2047

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 405 Wesley Avenue located in?
The 405 Wesley Avenue is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 405 Wesley Avenue?
The average sales price for units in 405 Wesley Avenue is $0 currently.

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