See Home Value
$1,070,378*
House - Off Market

1116 Bay Ave

Ocean City, NJ 08226
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2200 Sqft
$810,000 - $988,000
Reference Base Price*
18.94%
Since Jun 1, 2021
National-US
Primary Model
Sold Jun 07, 2021
$860,000
$688,000 by First Colonial Community Bank
Mortgage
Sold Oct 24, 2011
$310,000

About This Property

Under Contract with Home Sale Contingency. Ready for SUMMER!! Beautiful remodeled by Master Carpenter, Mark Paoli - Bay area Dutch Colonial with hardwood floors throughout and many upgrades. Electric, Roof , tankless water heater and ductless High efficiency Heating and AC Multi zoned ( Every room) All new within last 5 years - Remodeled dining area and fully equipped kitchen with stainless steel appliances that lead out to large private patio for your morning coffee. Outside shower with fenced in back yard with parking for 3 or more cars and a 1 car detached gargae with loft. Vinyl siding and newer windows along with enclosed front porch. room to add 2nd Floor deck off master bedroom. rare single family with 4 large rooms and finished dormer in a quiet Bay area neighborhood - Vacant and eay to show - call lister for appointment and lock box code

The manager has listed the unit size as 2200 square feet.
Unit Size
2,200Ft²
Days on Market
-
Land Size
-
Price per sqft
$409
Property Type
House
Property Taxes
$4,000
HOA Dues
-
Year Built
1923

Price History

Date / Event Date Event Price
Jun 7, 2021 Sold to Brenda Colon, Kevin Smith $860,000
Sold to Brenda Colon, Kevin Smith
May 25, 2021 No longer available -
No longer available
May 17, 2021 Relisted $875,999
Relisted
May 17, 2021 Price Increased $899,900
↑ $24K (2.7%)
Price Increased
Jan 17, 2021 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 4,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,974
  • Building Area: 1,974
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,974
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.103
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB1109 L6D

Ownership

  • Current Owner : SMITH KEVIN
  • Current Owner 2: COLON BRENDA
  • Previous Owner : PAOLI MARK
  • Previous Owner 2: PAOLI KELLY
  • Owner Before Previous Owner: JEFFRIES JAMES F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 17
  • District: 08
  • Parcel: 08 01109-0000-00006
  • Block: 1109
  • Lot: 6
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2789
  • Longitude: -74.5828

    Address

  • Full Address: 1116 Bay Ave
  • Address - House Number: 1116
  • Address - Street Name: Bay
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C005
  • 4-Digit Zip Code: 3310
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,697

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,184,167
  • High Value: 1,482,421
  • Low Value: 885,914

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $688,000
  • First Open Lien Mortgage Lender: FIRST COLONIAL COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Jun 07, 2021
  • First Open Lien Mortgage Loan Amount: $688,000
  • 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: $790,694
  • Market Land Value: $410,287
  • Market Improvement Value: $380,407

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $531,900
  • Assessed Land Value: $276,000
  • Assessed Improvements Value: $255,900

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: Jun 07, 2021
  • Current Sale Transaction ID: 11840531416
  • Current Sale Price: $860,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021028465
  • Previous Sale Recording Date: Oct 24, 2011
  • Previous Sale Contract Date: Oct 05, 2011
  • Previous Sale Amount: $310,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COLONIAL COMMUNITY BANK
  • First Mortgage Transaction Date: Jun 07, 2021
  • First Mortgage Loan Amount: $688,000
  • 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
5 Beds
4 Baths
2,205 ft²
$448/ft²
$988,500 Sep 19, 2019
$988,500 Mar 6, 2020
-
House
5 Beds
4 Baths
2,404 ft²
$395/ft²
$950,000 Oct 16, 2019
$950,000 Dec 3, 2020
-
House
4 Beds
2 Baths
1,500 ft²
$539/ft²
$808,000 Mar 10, 2023
$808,000 Apr 14, 2023
-
House
4 Beds
2 Baths
1,355 ft²
$676/ft²
$916,000 Jan 2, 2024
$916,000 Feb 15, 2024
-
House
2 Beds
3 Baths
1,800 ft²
$361/ft²
$650,000 Apr 24, 2012
$650,000 Oct 19, 2012
-
House
3 Beds
3 Baths
1,422 ft²
$510/ft²
$725,000 Sep 29, 2020
$725,000 Nov 13, 2020
-
Condo
4 Beds
2 Baths
1,704 ft²
$587/ft²
$999,990 Jul 8, 2023
-
-
In Contract
House
2 Beds
1.5 Baths
-
$874,900 Feb 8, 2024
-
$280/mo
Multifamily
Stu
-
-
$949,900 Mar 28, 2024
-
$1/mo
Condo
3 Beds
3 Baths
-
$950,000 Apr 1, 2024
-
$2,022/mo
Condo
3 Beds
2 Baths
-
$995,000 Mar 20, 2024
-
$376/mo
Condo
3 Beds
2 Baths
-
$949,900 Feb 27, 2024
-
-

About Ocean City


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Frequently Asked Questions

When was property at 1116 Bay Avenue built and last sold?
The property at 1116 Bay Avenue was built in 1923 and last sold on May 28, 2021 for $860,000.
How much is this home worth?
The estimated value of the home located at 1116 Bay Avenue is $921,329.
What are some comparable homes to 1116 Bay Avenue?
There are currently no comparable homes to 1116 Bay Avenue.

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