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409 Ocean Avenue

409 Ocean Avenue, Ocean City, NJ 08226
House in Ocean City
Sold Nov 12, 2019
$930,000
$697,500 by Crest Savings Bank
Mortgage
Sold Dec 20, 1994
$175,000
$140,000 by Norwest Mtg Inc
Mortgage
Local assessors in Ocean City, NJ have categorized 409 Ocean Avenue as a residential type of property. The home was built in 1918 and is 106 years old. The property's lot size has been calculated to be 4,874 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 375 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 409 Ocean Avenue has a total of 3,640 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 3 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. The property was last sold in Oct 15, 2019 for $930,000. That's $255.49 per sqft. Prior to that sales transaction, the property was also sold in Sep 17, 1994 for $175,000. 409 Ocean Avenue was last assessed in 2023. The total value of the property was assessed at $686,400. Specifically, the land the property is located on was valued at $345,300. While improvements on the property were assessed at a total of $341,100. 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 $7,351. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 4,874
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 375
  • Total Building Area: 3,640
  • Building Area: 3,640
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,640
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.112
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB404 L822A

Ownership

  • Current Owner : WILSON JAMES A
  • Current Owner 2: WILSON JOANNA
  • Previous Owner : MANCUS SUZANNE
  • Previous Owner 2: MCVAY FRANK H
  • Owner Before Previous Owner: DECRUZ ELIZABETH

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 00404-0000-00012
  • Block: 404
  • Lot: 12
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2821
  • Longitude: -74.5671

    Address

  • Full Address: 409 Ocean Ave
  • Address - House Number: 409
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C014
  • 4-Digit Zip Code: 3959
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,351

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 1,525,811
  • High Value: 1,856,281
  • Low Value: 1,195,341

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $697,500
  • First Open Lien Mortgage Lender: CREST SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Nov 12, 2019
  • First Open Lien Mortgage Loan Amount: $697,500
  • 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: $1,020,366
  • Market Land Value: $513,305
  • Market Improvement Value: $507,061

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $686,400
  • Assessed Land Value: $345,300
  • Assessed Improvements Value: $341,100

    Sales

  • Current Sale Contract Date: Oct 15, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Transaction ID: 11704705965
  • Current Sale Price: $930,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019113153
  • Previous Sale Recording Date: Dec 20, 1994
  • Previous Sale Contract Date: Sep 17, 1994
  • Previous Sale Amount: $175,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CREST SAVINGS BANK
  • First Mortgage Transaction Date: Nov 12, 2019
  • First Mortgage Loan Amount: $697,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: NORWEST MTG INC
  • Previous Mortgage Transaction Date: Dec 20, 1994
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360

About Ocean City



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Frequently Asked Questions

What neighborhood is 409 Ocean Avenue located in?
The 409 Ocean 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 409 Ocean Avenue?
The average sales price for units in 409 Ocean Avenue is $0 currently.

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