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842 Wesley Avenue

842 Wesley Avenue, Ocean City, NJ 08226
Property in Ocean City
Sold Aug 22, 2017
$750,000
$600,000 by Wells Fargo Bank Na
Mortgage Due Sep 01, 2047
Local assessors in Ocean City, NJ have categorized 842 Wesley Avenue as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 4,800 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 842 Wesley Avenue has a total of 1,722 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. The property was last sold in Aug 11, 2017 for $750,000. That's $435.54 per sqft. 842 Wesley Avenue was last assessed in 2023. The total value of the property was assessed at $710,700. Specifically, the land the property is located on was valued at $248,800. While improvements on the property were assessed at a total of $461,900. 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 $7,612. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Construction Type: Frame
  • Building Style: Condo
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 1,722
  • Building Area: 1,722
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,722
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.11
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: ADDITIONAL LOTS: OB805 L17.04 SUB-DIV 2/15/2017

Ownership

  • Current Owner : SLATER PETER W
  • Current Owner 2: SLATER JOANNE M
  • Previous Owner : JOLIN PROPERTIES LLC

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020203

Geography

  • District: 08
  • Parcel: 08 00805-0000-00017- 06-C2
  • Block: 805
  • Lot: 17.06
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.278
  • Longitude: -74.5749

    Address

  • Full Address: 842 Wesley Ave
  • Address - House Number: 842
  • Address - Street Name: Wesley
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,612

    Appraisal Valuation

  • Standard Deviation: 0.2564
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 1,387,544
  • High Value: 1,743,358
  • Low Value: 1,031,729

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $600,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Aug 22, 2017
  • First Open Lien Mortgage Loan Amount: $600,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2047

    Market Valuation

  • Market Total Value: $1,056,489
  • Market Land Value: $369,853
  • Market Improvement Value: $686,636

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $710,700
  • Assessed Land Value: $248,800
  • Assessed Improvements Value: $461,900

    Sales

  • Current Sale Contract Date: Aug 11, 2017
  • Current Sale Recording Date: Aug 22, 2017
  • Current Sale Transaction ID: 1732951723
  • Current Sale Price: $750,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 5933

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Aug 22, 2017
  • First Mortgage Loan Amount: $600,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2047

About Ocean City



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Nearby Rentals

Unit for rent at 21 Cardiff, Ocean City, NJ, 08226-9999

$30,000 /mo

  • 4 Beds
  • 2.5 Baths
21 Cardiff, Ocean City, NJ, 08226-9999 Listing by ALFI NAIM

Frequently Asked Questions

What neighborhood is 842 Wesley Avenue located in?
The 842 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 842 Wesley Avenue?
The average sales price for units in 842 Wesley Avenue is $0 currently.

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