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807 Wesley Avenue

807 Wesley Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Oct 23, 2004
$971,500
$333,700 by Gmac Mortgage Corp
Mortgage Due Nov 01, 2034
Sold May 07, 2002
$585,000
$250,000 by Sovereign Bk
Mortgage
Local assessors in Ocean City, NJ have categorized 807 Wesley Avenue as a residential type of property. The home was built in 1922 and is 102 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 3 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 807 Wesley Avenue has a total of 4,536 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, 807 Wesley Avenue was last sold in Oct 1, 2004 for $971,500. According to our calculations, that's $214.18 per sqft. Prior to that sales transaction, the property was sold for $585,000 in May 1, 2002. Current property owners are expected to pay $8,873 in taxes per year. The property on 807 Wesley Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $828,500. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $528,500. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1922
  • Effective Year Built: 1922
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,249
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,536
  • Building Area: 4,536
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,536
  • 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: OB804 L742

Ownership

  • Current Owner : MARTIN JOHN D
  • Current Owner 2: MARTIN AUDREY
  • Previous Owner : DANLEY ALLEN
  • Previous Owner 2: DANLEY SHERYL
  • Owner Before Previous Owner: SIMPSON WILLIAM T
  • Ownership Rights Codes: Revocable Trust

Neighborhood

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

Zoning

  • Zoning: RMF

Geography

  • Assessors Map Reference: TAX MAP 13
  • District: 08
  • Parcel: 08 00804-0000-00008
  • Block: 804
  • Lot: 8
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2784
  • Longitude: -74.5735

    Address

  • Full Address: 807 Wesley Ave
  • Address - House Number: 807
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C016
  • 4-Digit Zip Code: 4271
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,873

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 2,119,929
  • High Value: 2,663,553
  • Low Value: 1,576,305

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $333,700
  • First Open Lien Mortgage Lender: GMAC MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Oct 23, 2004
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $333,700
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2034

    Market Valuation

  • Market Total Value: $1,231,604
  • Market Land Value: $445,964
  • Market Improvement Value: $785,640

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $828,500
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $528,500

    Sales

  • Current Sale Contract Date: Oct 01, 2004
  • Current Sale Recording Date: Oct 23, 2004
  • Current Sale Transaction ID: 1119167841
  • Current Sale Price: $971,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0383
  • Previous Sale Recording Date: May 07, 2002
  • Previous Sale Contract Date: May 01, 2002
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GMAC MORTGAGE CORP
  • First Mortgage Transaction Date: Oct 23, 2004
  • First Mortgage Loan Amount: $333,700
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage
  • First Mortgage Loan Due Date: Nov 01, 2034

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SOVEREIGN BK
  • Previous Mortgage Transaction Date: May 07, 2002
  • Previous Mortgage Loan Amount: $250,000

About Ocean City



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Frequently Asked Questions

What neighborhood is 807 Wesley Avenue located in?
The 807 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 807 Wesley Avenue?
The average sales price for units in 807 Wesley Avenue is $0 currently.

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