Residential > Condo
Active
05/18/2024
List Price
$179,900$810/ft²
840 Ocean Ave 14
Ocean City, NJ 08226
- 1Bed
- 1Bath
- 222ft²Living Area
- 540ft²Lot Size
- 1Pool
- -Car
- 1961Year Built
- 48DOM
- -Permit
840 Ocean Ave 14, Ocean City, NJ 08226 is a 1 bed, 1 bath, 222 ft² condo built in 1961 on a 0.012 acre lot. This condo is currently for sale for $179,900, and it was last sold in 2004 for $124,900. The latest TopHap estimate of the condo's value is $142,600.
Property Valuations
Latest estimates for 840 Ocean Ave 14 based on TopHap automated valuation model (AVM).
TopHap Estimate
$142,600
$642/ft²
-$37K below List Price
Updated 5 months ago
840 Ocean Ave 14 is valued at $142,600 by TopHap AVM 5 months ago.
MLS Description
The listing agent's description. Original Listing
Unit #14 @ The "Sifting Sands" Condo/Motel. 100% gutted, remodeled, improved & refurnished, all new interior.. New "All-in-One" Kitchen, micro, frig/freezer, paint, window blinds, 40" wall-mounted swivel TV, AC unit, New Kitchen & bath cabs. New Toilet. Sale inc. all-new pots, pans, kitchen supplies. Tiled thruout for maintenance-free ownership. Sifting Sands has been one of Ocean City's last-operating "Iconic" Center-City Motels, in operation every summer since 1964. The complex was remodeled and converted to condo/motel ownership in '04. Spectacular location on the corner of 9th & Ocean Ave. On-site required rental program (April 15-Oct 30) guarantees "hands off & hassle free" income. Convenient 1st floor location. Building open year 'round. Block off some personal usage between rentals in the summer for your own usage (14 days max). Off-season usage non-restricted (Nov 1 - April 15) - use at your pleasure...use it, rent it yourself, rent it through a Realtor, whatever you'd like. Well run, stable, well funded professionally managed building. Coin-Op Laundry Room. Condo fee includes water/sewer, hot water, TV cable, Wi-Fi, use of heated pool, parking for one car (w/minimal annual fee), bldg. insurance (fire & flood), exterior maintenance. Owner pays own electric bill ($100/mo +/-), property taxes & interior contents/liability insurance ($500/yr +/-). VERY FEW PROPERTIES IN OCEAN CITY CAN COMPETE WITH THIS. Call Listing Agent for details & questions on personal usage & the Rental Program. The Motel is in full operation - All showings will be in-between Guests. Note: Portfolio "Condo-Tel" financing currently available with 25-30% down. 2023 Income was $23,623.81 ($19,423.81 summer, $4,200 winter). After all expenses, nets about $8-$9,000 without a mortgage. Typically a 5-6% return.
Listing Agents
The listing agent for 840 Ocean Ave 14 is JESSE BRIGLIA.
JB
JESSE BRIGLIA
Fox Real Estate-Ocean
License: EB-7935155
Phone: (609) 399-5377
Current Ownership
Information about the current owner(s).
Taxes Billed
Taxes billed in 2021$669.33From latest Total Assessed Value1.01%Total Assessed Value$66,600=Land+
Assessed Value$42,200Additions
Assessed Value$24,400
In 2021, taxes billed for 840 Ocean Ave 14 were $669.33, which is 1.00% from latest Total Assessed Value of $66,600.
Property History
840 Ocean Ave 14 has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).
Property Events
Environment
Environmental factors around 840 Ocean Ave 14
Hazard Risks
Hurricane171Carb Mono155Ozone118Air Pollution117Weather105Nat'l Avg100Particulates96Lead92Wind87Hail39Tornado39Earthquake38
12 hazards (Carbon Monoxide, Earthquake Risk, Hail Index, Tornado Index, Hurricane Index, Air Pollution Index, Ozone Index, Wind Index, Weather Risk, Lead Index, Particulate Matter, National Average) are above the national average around 840 Ocean Ave 14.
Walkability Index
18 /20
Most Walkable
20-18
Very Walkable
17-15
Somewhat Walkable
14-10
Car Dependent
9-0
840 Ocean Ave 14 has a walkability score of 18 out of 20, which means that it is in a most walkable area.
Temperature
Seasonal temperature sampled over multiple years
Winter
Average
Low
28°F
High
43°F
Summer
Average
Low
65°F
High
81°F
In the winter at 840 Ocean Ave 14, temperatures range from 27.8°F to 43.4°F with an average of 35.6°F. In the summer, the temperature ranges from 64.87°F to 81.12°F with and average of 73°F.
School Information
Public/private schools serving 840 Ocean Ave 14
Public Schools
Ocean City Primary School
Grades: PK-3
0.40 mi
C-
Ocean City Intermediate School
Grades: 4-8
1.15 mi
C
Ocean City High School
Grades: 9-12
0.36 mi
B
* The school rating is based entirely on the test score performance of each school. It is based on a scale of A-F, A being best.
Nearby public schools serving 840 Ocean Ave 14 have ratings undefined, undefined, and undefined.
Neighborhood
This property is located in Ocean City, Ocean City, NJ 08226.
Seasonal Housing units 08226
89%of housing is for seasonal rent.
Daytime Population for 08226
+5%of people during work hours.
Boundary map of Ocean City.
Crime Index for 08226
131
131
The crime index in 08226 is 131, which is 1.3 times higher than national average.
Market Trends
Historical market data near 840 Ocean Ave 14 over selected time period.
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