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5629 West Avenue

5629 West Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Apr 14, 2016
$605,000
$275,000 by Penn Communtiy Bank
Mortgage Due Apr 01, 2051
Sold May 12, 2005
$950,000
$550,000 by Trident Mortgage Company Lp
Mortgage Due Jun 01, 2035
5629 West Avenue in Ocean City, NJ was first built in 1974 and is 50 years old. This has been categorized as a residential property type. There are a total of 2 floors. 5629 West Avenue has 2,020 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 300 ft and the linear feet between the front and back of the lot is 900. In total, the area measurement of the land is 2,701 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. 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, 5629 West Avenue was last sold in Apr 4, 2016 for $605,000. According to our calculations, that's $299.50 per sqft. Prior to that sales transaction, the property was sold for $950,000 in May 2, 2005. Current property owners are expected to pay $7,883 in taxes per year. The property on 5629 West Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $736,000. To break that down further, the land itself was valued at $478,100. While improvements to the property were assessed at a total of $257,900. 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: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,701
  • Lot Size Depth Feet: 900
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,020
  • Building Area: 2,020
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,020
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.062
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB5603 L528

Ownership

  • Current Owner : MARRONE ROBERT J
  • Previous Owner : GALE PHILLIP M
  • Previous Owner 2: GALE GRACE R
  • Owner Before Previous Owner: MAREK JOSEPH H
  • Owner Before Previous Owner 2: MAREK GREER C
  • Ownership Rights Codes: Married Man as his sole & separate property

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020205

Geography

  • Assessors Map Reference: TAX MAP 40
  • District: 08
  • Parcel: 08 05603-0000-00006
  • Block: 5603
  • Lot: 6
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2232
  • Longitude: -74.6374

    Address

  • Full Address: 5629 West Ave
  • Address - House Number: 5629
  • Address - Street Name: West
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C013
  • 4-Digit Zip Code: 1039
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,883

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,384,779
  • High Value: 1,733,560
  • Low Value: 1,035,997

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,000
  • First Open Lien Mortgage Lender: PENN COMMUNTIY BANK
  • First Open Lien Mortgage Recording Date: Mar 08, 2021
  • First Open Lien Mortgage Loan Amount: $275,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $1,094,098
  • Market Land Value: $710,718
  • Market Improvement Value: $383,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $736,000
  • Assessed Land Value: $478,100
  • Assessed Improvements Value: $257,900

    Sales

  • Current Sale Contract Date: Apr 04, 2016
  • Current Sale Recording Date: Apr 14, 2016
  • Current Sale Transaction ID: 1952565119
  • Current Sale Price: $605,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0298
  • Previous Sale Recording Date: May 12, 2005
  • Previous Sale Contract Date: May 02, 2005
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT MORTGAGE COMPANY LP
  • Previous Mortgage Transaction Date: May 12, 2005
  • Previous Mortgage Loan Amount: $550,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Jun 01, 2035

About Ocean City



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Frequently Asked Questions

What neighborhood is 5629 West Avenue located in?
The 5629 West Avenue is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 5629 West Avenue?
The average sales price for units in 5629 West Avenue is $0 currently.

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