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Off market
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  • $1,911,600

    24-26 W 16th St, Ocean City, NJ 08226

    5beds
    1,956sqft
    MultiFamily
    Built in 1950
    -- sqft lot
    $1,911,600 Zestimate®
    $977/sqft
    $3,190 Estimated rent

    Home value

    $1,911,600

    $1.70M - $2.14M

    $3,190/mo

    Zestimate® history
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    $9,818/mo

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    What's special

    Great opportunity on a much sought after location on the 16th St bay front lagoon. oversized 47.25 x 100 lot, 3 boat slips, southern exposure, easy walking distance to beach, boardwalk, downtown, playgrounds and restaurants. Gorgeous sunsets and views on a protected lagoon, with bay water well circulated between 16th and 17th under the bridge during tides. This well-built duplex property can be used as-is with a little sprucing up, separated into condos, converted into a single family, torn down to build a brand new single family on one of the few large lots on the 16th St lagoons. Great opportunity for a family joint venture. This property has not been appraised by the city since 2012. Note: the $578,815.00 amount on tax records reflects the private buy out of the first floor unit co-owner in 2008, which was the value of the one unit at that time.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Features
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,956 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage - Attached, On-street
    Features
    • Exterior features: Other
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 4,700 Square Feet
    Details
    • Parcel number: 0801608000000022

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: Public Sewer

    Community & HOA

    Location
    • Region: Ocean City

    Financial & listing details

    • Price per square foot: $977/sqft
    • Tax assessed value: $813,300
    • Annual tax amount: $9,125

    Price history

    DateEventPrice
    8/1/2017Sold$900,000-17.8%$460/sqft
    Source: Public Record Report a problem
    4/8/2017Listed for sale$1,095,000$560/sqft
    Source: SHORE LIVING REALTY, LLC #481699 Report a problem
    4/8/2017Pending sale$1,095,000$560/sqft
    Source: SHORE LIVING REALTY, LLC #481699 Report a problem
    3/6/2017Price change$1,095,000-8.4%$560/sqft
    Source: SHORE LIVING REALTY, LLC #481699 Report a problem
    2/21/2017Price change$1,195,000-7.7%$611/sqft
    Source: SHORE LIVING REALTY, LLC #481699 Report a problem
    2/4/2017Listed for sale$1,295,000+1222.8%$662/sqft
    Source: SHORE LIVING REALTY, LLC #481699 Report a problem
    3/16/1994Sold$97,900$50/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,125 $813,300
    2024$9,125 +4.8%$813,300
    2023$8,710 +6.6%$813,300
    2022$8,174 +2.8%$813,300
    2021$7,954 +18%$813,300 +16.7%
    2020$6,739 +1%$696,900
    2019$6,675 $696,900
    2018$6,675 +5.6%$696,900
    2017$6,321 +1.3%$696,900
    2016$6,237 +1.5%$696,900
    2015$6,147 +4.8%$696,900
    2014$5,868 -13.1%$696,900
    2012$6,754 +2.6%$696,900 -22.4%
    2011$6,583 +3.8%$898,100
    2010$6,341 +4.4%$898,100
    2009$6,071 +5.7%$898,100
    2008$5,746 +3.1%$898,100 +56.3%
    2007$5,574 $574,600
    2006-- $574,600
    2005-- $574,600
    2004$5,574 $574,600
    2003-- $574,600 +95%
    2002-- $294,600
    2001-- $294,600
    Find assessor info on the county website

    Neighborhood: 08226

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,911,600
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    Estimated market value
    $1,911,600