2 months on rocket

900 Wesley Ave # 101, Ocean City, NJ, 08226

$599,900

Home List Price

$7,124*

Closing Credit

2 Bedrooms
2 Full Baths
812 SqFt
$739/SqFt
Condo
Schools Nearby

Location

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900 Wesley Ave # 101, Ocean City$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Site Parking
HeatingElectric, Space/Wall/Floor
CoolingCeiling Fan(s), Electric, Wall Unit(s)
MLS #582123
StatusActive

About 900 Wesley Ave # 101

#101 Sun Beach Condo - 2BR, 2BA residential condo (812 sq.ft. +/-) with heated pool. Sleeps 8. Huge 2nd BR with two queen beds. Master BR with king bed plus full sleep-sofa (Flexsteel) pull-out in LR. Split floorplan has bedrooms on opposite sides of the apartment for added privacy. This building has no front desk and no rental restrictions. Most of the 38 residential units are used as 2nd home vacation get-aways. Use the property as a 2nd home or rent it - use local Realtors, or do it yourself via VRBO, AirBB or others. Currently it's a rental property. Consistently grosses $48,000-$55,000+ every year. Read the Guest Reviews Below! Center City location puts everything a few short blocks away...EZ walking distance to the Beach and the Boardwalk and the shopping on Asbury Avenue. Granite countertops in the kitchen, breakfast bar, dining booth and in both baths. Upgraded wood cabinets in kitchen & baths. In-unit washer/dryer (all others use coin-op common laundry). Complex has heated pool, BBQ area, storage and spacious upper sundeck with loungers, tables & chairs. Sold Fully Furnished & equipped as is. Condo fee includes hot water, TV Cable & Wifi, flood/fire insurance, exterior maintenance. One car parking off-site. Check Associated Docs for lots more info. INVESTORS! Please check out the attached Investment Property Analysis. This property has a multi-year stable rental track record. With 20% down at 7%, 30 years, the property has an after tax (24% Tax Bracket) POSITIVE CASH FLOW starting at year ONE! Try to find that with other properties you are considering!

Property Details

Property Features

Property Information:

  • Stories: 2
  • Living Area: 812 SqFt

Listing Office:

  • Office Name: Fox Real Estate-Ocean
  • Office Phone: (609) 399-5377

Interior Features

Interior Information:

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Interior: Foyer, Master Bath

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Deck/Porch, Outside Shower, Patio, Pool, Storage

Parking Information:

  • Attached Garage: No
  • Parking: Off Site Parking

Utilities

Utilities Information:

  • Heating: Electric, Space/Wall/Floor
  • Cooling: Ceiling Fan(s), Electric, Wall Unit(s)

School Info

Assigned Schools Information:

  • Ocean City High School, Public District Grades 9-12
  • Ocean City Intermediate School, Public District Grades 4-8

Other

Directions Information:

  • Directions: Directly on the Southwest Corner of 9th & Wesley Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900
  • Price Per SqFt: $739/SqFt

HOA Fees:

  • Amount: $456
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,858
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ocean City, NJ.

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Ocean City, NJ

City

Med. Sold Price

$969.1K

Med. Price/SqFt

$682

Avg. Days On Market

56

# of Sold Homes

43

900 Wesley Ave # 101 vs Ocean City

75 DAYS ON ROCKET

+19 Days

$599,900

-$369.2K Less

$739/SqFt

+$56 More

KEY TAKEAWAY

This property is $369.2K less than the Median Sold Price and $56/SqFt more than other homes in Ocean City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #582123

Listing Office:

  • Office Name: Fox Real Estate-Ocean
  • Office Phone: (609) 399-5377

Broker Reciprocity Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the South Jersey Shore Regional (SJSR) MLS. Real estate listings held by brokerage firms are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. © 2024 SJSR MLS. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 6:25:21 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 27, 2006Home Sold
$184,900

Tax History

YEARPROP. TAXASSESSMENT
2020$1,858$249,000
2019$2,385$249,000
2018$2,385$249,000
2017$2,348$249,000

History based on county public records data.

Payment Calculator

$3,518

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2483762
4
/10

  • Ocean City Intermediate School

  • 19th St And Bay Ave

  • 1.07 miles

  • Public District Grades 4-8

High School

school-card-donut-2483763
7
/10

  • Ocean City High School

  • 501 Atlantic Ave

  • 0.43 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,239. The most common annual income of people living in Ocean City, NJ is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 900 Wesley Ave # 101

What is the listing price of this property?

The listing price of 900 Wesley Ave # 101 property is $599,900.

What type of property is this?

The property 900 Wesley Ave # 101 is a condo located in Ocean City, New Jersey, 08226.

Is this property for sale now?

Active Listing: 900 Wesley Ave # 101 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 900 Wesley Ave # 101 are:
Ocean City Intermediate School: GreatSchools Rating 4/10
Ocean City High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,858 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 27, 2006 for $184,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 900 Wesley Ave # 101 has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 900 Wesley Ave # 101 is 812 SqFt (source: MLS/tax record).

Rocket Homes›New Jersey›Cape May County›Ocean City›08226›900 Wesley Ave # 101

This home is located at 900 Wesley Ave # 101 in Ocean City, NJ and zip code 08226. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $599,900.

Over 8 listings were sold over their listed price in March 2024 in Ocean City, NJ. In the same period over 23 listings were sold below the listed price and 5 listings were sold for the listed price. Between February 2024 and March 2024, Ocean City, NJ real estate market has seen increase in the number of listings by 11%. In March 2024 median list price was $969,125 and the average listing age was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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