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904 1st Street

904 1st Street, Ocean City, NJ 08226
House in Ocean City
Sold Oct 04, 2019
$1,875,000
$975,000 by Valley National Bank
Mortgage Due Oct 04, 2049
Sold Dec 19, 2005
$1,440,000
904 1st Street has been categorized by the local assessors in Ocean City, NJ as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The building has a total of 2 stories. In addition, 904 1st Street has 2,606 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 3,999 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the 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, 904 1st Street was last sold in Sep 27, 2019 for $1,875,000. According to our calculations, that's $719.49 per sqft. Prior to that sales transaction, the property was sold for $1,440,000 in Dec 8, 2005. Current property owners are expected to pay $11,413 in taxes per year. The property on 904 1st Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,065,600. To break that down further, the land itself was valued at $806,400. While improvements to the property were assessed at a total of $259,200. 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. 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!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.

Building Features

Exterior

Vinyl Siding

Parking

Detached Garage
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
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 3,999
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,606
  • Building Area: 2,606
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,606
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.092
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: OB100 L2

Ownership

  • Current Owner : MALEY MAURICE J
  • Current Owner 2: MALEY MARYKAY
  • Previous Owner : MICHAEL
  • Previous Owner 2: WOODWARD T
  • Owner Before Previous Owner: THE EDWARD WEISS TRUST
  • Owner Before Previous Owner 2: WEISS EDWARD R

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: TAX MAP 9
  • District: 08
  • Parcel: 08 00100-0000-00002
  • Block: 100
  • Lot: 2
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2828
  • Longitude: -74.5592

    Address

  • Full Address: 904 1st St
  • Address - House Number: 904
  • Address - Street Name: 1st
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C019
  • 4-Digit Zip Code: 4220
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $11,413

    Appraisal Valuation

  • Standard Deviation: 0.2536
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 64
  • Final Value: 2,578,679
  • High Value: 3,232,854
  • Low Value: 1,924,505

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,746,210
  • First Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Oct 04, 2019
  • First Open Lien Mortgage Loan Amount: $975,000
  • 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: Oct 04, 2049
  • Second Open Lien Mortgage Lender: MORGAN STANLEY PRIVATE BANK NA
  • Second Open Lien Mortgage Recording Date: Jan 21, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $771,210
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2052

    Market Valuation

  • Market Total Value: $1,584,064
  • Market Land Value: $1,198,751
  • Market Improvement Value: $385,313

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,065,600
  • Assessed Land Value: $806,400
  • Assessed Improvements Value: $259,200

    Sales

  • Current Sale Contract Date: Sep 27, 2019
  • Current Sale Recording Date: Oct 04, 2019
  • Current Sale Transaction ID: 11664368179
  • Current Sale Price: $1,875,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2019108898
  • Previous Sale Recording Date: Dec 19, 2005
  • Previous Sale Contract Date: Dec 08, 2005
  • Previous Sale Amount: $1,440,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VALLEY NATIONAL BANK
  • First Mortgage Transaction Date: Oct 04, 2019
  • First Mortgage Loan Amount: $975,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Ocean City



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at 1301 West Ave, OCEAN CITY, NJ, 08226

$1,450 /mo

  • 3 Beds
  • 2 Baths
  • 7,100 ft²
1301 West Ave #C, OCEAN CITY, NJ, 08226 Listing by RH Advisors Bright

Frequently Asked Questions

What neighborhood is 904 1st Street located in?
The 904 1st Street is a house located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 904 1st Street?
The average sales price for units in 904 1st Street is $0 currently.

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