See Home Value
$675,871*
House - Off Market

59 W 16th Street

Ocean City, NJ 08226
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1102 Sqft
$459,000 - $559,000
Reference Base Price*
32.55%
Since Dec 1, 2020
National-US
Primary Model
Sold Feb 08, 2021
$494,500
$364,500 by Cornerstone Bank
Mortgage
Sold Sep 17, 2003
$510,000

About This Property

Charming raised cottage in a lovely waterfront neighborhood with bay views. Enjoy single family living with a ton of opportunity to customize. The home features hardwood floors, an open living/dining area, kitchen, two bedrooms and one full bath on the main level.  A separate entrance and top floor features another living space or third bedroom with additional full bath ready for you to make your own.  The home was raised and features plenty of storage below the home, a one car garage, patio area and off street parking. Purchase now and enjoy spectacular sunsets and bay views. Call now for more details.

The manager has listed the unit size as 1102 square feet.
Unit Size
1,102Ft²
Days on Market
-
Land Size
-
Price per sqft
$463
Property Type
House
Property Taxes
$3,133
HOA Dues
-
Year Built
1932

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold to Anne L Pickett, James L Pic... $494,500
Sold to Anne L Pickett, James L Pic...
Nov 7, 2020 No longer available -
No longer available
Oct 16, 2020 Price Decreased $509,900
↓ $19K (3.6%)
Price Decreased
Sep 24, 2020 Listed $529,000
Listed
Sep 17, 2003 Sold to David H Fuschillo $510,000
Sold to David H Fuschillo

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,625
  • Lot Size Depth Feet: 650
  • Lot Size Frontage Feet: 250
  • Total Building Area: 990
  • Building Area: 990
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 990
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.037
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB1510 L30A

Ownership

  • Current Owner : PICKETT JAMES L
  • Current Owner 2: PICKETT ANNE L
  • Previous Owner : RETO SUZANNE
  • Owner Before Previous Owner: HOWE MEREDITH C
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020102

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 20
  • District: 08
  • Parcel: 08 01510-0000-00029
  • Block: 1510
  • Lot: 29
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2753
  • Longitude: -74.5908

    Address

  • Full Address: 59 W 16th St
  • Address - House Number: 59
  • Street Direction: W
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C023
  • 4-Digit Zip Code: 2913
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,476

    Appraisal Valuation

  • Standard Deviation: 0.2645
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 62
  • Final Value: 722,888
  • High Value: 914,150
  • Low Value: 531,626

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $364,500
  • First Open Lien Mortgage Lender: CORNERSTONE BANK
  • First Open Lien Mortgage Recording Date: Feb 08, 2021
  • First Open Lien Mortgage Loan Amount: $364,500
  • 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: $482,533
  • Market Land Value: $322,729
  • Market Improvement Value: $159,804

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $324,600
  • Assessed Land Value: $217,100
  • Assessed Improvements Value: $107,500

    Sales

  • Current Sale Contract Date: Dec 29, 2020
  • Current Sale Recording Date: Feb 08, 2021
  • Current Sale Transaction ID: 11820273433
  • Current Sale Price: $494,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021006334
  • Previous Sale Recording Date: Sep 17, 2003
  • Previous Sale Contract Date: Sep 12, 2003
  • Previous Sale Amount: $510,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE BANK
  • First Mortgage Transaction Date: Feb 08, 2021
  • First Mortgage Loan Amount: $364,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
918 ft²
$708/ft²
$650,000 Feb 11, 2020
$650,000 Apr 10, 2020
-
Condo
3 Beds
2 Baths
-
$599,900 Jun 3, 2023
-
$209/mo

About Ocean City


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Frequently Asked Questions

When was property at 59 West 16th Street built and last sold?
The property at 59 West 16th Street was built in 1932 and last sold on Dec 29, 2020 for $494,500.
How much is this home worth?
The estimated value of the home located at 59 West 16th Street is $534,987.
What are some comparable homes to 59 West 16th Street?
There are currently no comparable homes to 59 West 16th Street.

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