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605 Chelsea Place

605 Chelsea Place, Ocean City, NJ 08226
Property in Ocean City
Sold Jun 07, 1999
$100,000
Local assessors in Ocean City, NJ have categorized 605 Chelsea Place as a residential type of property. The home was built in 1920 and is 104 years old. The property's lot size has been calculated to be 1,951 square feet. The linear feet between the front and back of the lot was measured at 650 ft and the front of the lot was measured at 300 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 605 Chelsea Place has a total of 2,198 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. 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, 605 Chelsea Place was last sold in May 28, 1999 for $100,000. According to our calculations, that's $45.50 per sqft. Current property owners are expected to pay $5,926 in taxes per year. The property on 605 Chelsea Place was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $553,300. To break that down further, the land itself was valued at $496,800. While improvements to the property were assessed at a total of $56,500. 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. 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. 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: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,951
  • Lot Size Depth Feet: 650
  • Lot Size Frontage Feet: 300
  • Total Building Area: 2,198
  • Building Area: 2,198
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,198
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.045
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB1501 L37

Ownership

  • Current Owner : CLEMENTS ANNEMARIE
  • Current Owner 2: CLEMENTS GEORGE
  • Previous Owner : JOHNSON ELSIE MAY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: TAX MAP 18
  • District: 08
  • Parcel: 08 01501-0000-00015
  • Block: 1501
  • Lot: 15
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2704
  • Longitude: -74.584

    Address

  • Full Address: 605 Chelsea Pl
  • Address - House Number: 605
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Pl
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C009
  • 4-Digit Zip Code: 3156
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,926

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,314,323
  • High Value: 1,651,362
  • Low Value: 977,285

    Market Valuation

  • Market Total Value: $822,506
  • Market Land Value: $738,516
  • Market Improvement Value: $83,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $553,300
  • Assessed Land Value: $496,800
  • Assessed Improvements Value: $56,500

    Sales

  • Current Sale Contract Date: May 28, 1999
  • Current Sale Recording Date: Jun 07, 1999
  • Current Sale Transaction ID: 11476018776
  • Current Sale Price: $100,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERRYL LYNCH CREDIT CORPORATIN
  • First Mortgage Transaction Date: Jun 07, 1999
  • First Mortgage Loan Amount: $95,000

About Ocean City



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Nearby Rentals

Unit for rent at 17 Simpson Ave, Ocean City, NJ, 08226

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17 Simpson Ave, Ocean City, NJ, 08226 Listing by KRISTINA DOLISZNY
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Frequently Asked Questions

What neighborhood is 605 Chelsea Place located in?
The 605 Chelsea Place is a located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 605 Chelsea Place?
The average sales price for units in 605 Chelsea Place is $0 currently.

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