816 Wesley Ave

Ocean City, NJ
$ 1,550,000 Beds 7 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Ocean City Investment opportunity awaits. This beautiful Victorian multi-family home was carefully restored in 2019. Take advantage of the annual income of approximately $72,000 and live in the six bedroom, three full bath and one half bath main house while collecting rent from the established yearly tenants in the five additional apartments. There are three apartments in the lower floor of the main house and a beautifully restored cottage at the rear of the property. The cottage has two apartments with yearly tenants in place. In the main home, enter the upper via the expansive and airy front wrap-around porch. The beautiful formal entry reflects the home's vintage character in the extensive woodwork, fixtures, staircase and hardwood floors. Past meets present in the tastefully designed interiors with glass doorknobs, new vintage switch plates, classic furniture pieces and stainless steel appliances, full baths with custom tile, granite and glass-enclosed bathing areas. Mechanicals are sound with a new heating-boiler unit recently installed; most of the windows have been replaced. Known as "The Painted Lady" and The Thomas S. Simmon's House, 816 Wesley Avenue presents a one-of-a-kind property suitable as both personal residence and investment.

Multi-Family

  • Price
  • $ 1,550,000
  • Lot Size
  • Bedrooms
  • 7
  • Full Bathrooms
  • 0
  • Year Built
  • 1891
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • County
  • CAPE MAY
  • Style
  • 4 - 10 Units
  • Area
  • Ocean City-Central
  • MLS#
  • 538512
  • Zip
  • 08226
Listing Provided by: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Features

General

Appliances Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Class MULTI-FAMILY
Garage None
Heating Radiator
Listing Area Ocean City/Central
Sewer Public Sewer
Status Active
Status Active
Type 4 - 10 Units
Water Public
Water Heater Gas
Year Built 1891

Interior Features

# of 1 Bedroom Units 2
# of 2 Bedroom Units 1
# of 3 Bedroom Units 1
# of Units 6
Air Conditioning Ceiling Fan(s), Electric, Wall Units, Window Units
Efficiency Units 1
Other Rooms Breakfast Nook, Den/TV Room, Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room

Exterior Features

Driveway Concrete
Exterior Cedar
Lot Dimensions 120x44
Outside Features Deck, Outside Shower, Patio, Porch, Recreation Area, Sidewalks, Sprinkler System
Separate Meters Electric, Gas, Sewer, Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/26/2020 Listed $1,700,000
8/21/2020 9% - $1,550,000

Property vs Zip Code Average in 08226

Price
AVG $1.4M
$1.55M
Visits
AVG 18
31
Year Built
AVG 1973
1891
Walkscore
AVG 63
79
Data Provided by Walkscore ® not using MLS data

Map

816 Wesley Ave Ocean City, NJ is a Single Family Home for sale at $1550000 and a lot size of Acre(s). 816 Wesley Ave Ocean City has 7 bedrooms, 0 baths and was built in 1891. The property's zip code is 08226 which is in Ocean City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.