NOT LISTED FOR SALE

Estimated Value: $381,063 - $453,000

-- Bed
1 Bath
-- Sq Ft
7,405 Sq Ft Lot

Last Sold February 16, 2023

Last sale price $325,000

Est. 26% increase in value since last sale

Current estimated payment $2,691/month

39 Days on Market

Highlights

  • Water Views
  • Clubhouse
  • Wood Flooring
  • Building is beachfront but unit may not have water views
  • Deck
  • Furnished

About This Home

As of February 2023

Absolutely stunning, totally remodeled studio on a high floor with spectacular ocean views. You must see this one of a kind apartment, known as the "Kramer Studio", with sleeping area overlooking the ocean, beautiful custom top-of-the-line kitchen and bath, wonderful built-ins, plenty of closet space, and lots more. Being sold decorator furnished and totally ready for occupancy. 5000 Boardwalk is a service oriented, well managed, well maintained, and very clean building with around the clock security, fabulous pool and pool area, restaurant, card room, 24 hour maintenance crew on duty, activities, and valet parking. Walk on the Ventnor Boardwalk everyday!! All utilities included in the condo fee.

Last Listed By

Robin Mitchell

BHHS FOX and ROACH-Margate License #0673961 Listed on: 11/04/2022

BHHS FOX and ROACH-Margate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,977

Year Built

  • 1960

Lot Details

  • 7,405

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1 Full Bathroom
  • Furnished
  • Blinds
  • Dining Area
  • Wood Flooring

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Additional Features

  • Deck
  • Building is beachfront but unit may not have water views

Community Details

Overview

  • Association fees include amenities, electric, insurance, maintenance, management, sewer, trash, water, hot water, air conditioning, heat, cable, pool
  • 5000 Boardwalk Condos
  • 11-Story Property

Amenities

  • Community Deck or Porch
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boardwalk
  • Outdoor Community Showers

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,977

Year Built

1960

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Converted Apartments
  • Also Includes: Blinds, Furnished
  • Lvt Date: 12/03/2022
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Eleven Or More
  • Unit Location: Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4
  • Year Built (Public Record): 1960

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Other Rooms: Dining Area
  • Common Area Features: Bulkheaded, Cable Tv, Clubhouse/Clubroom, Deck/Porch, Elevator, Enclsd/Covered Porch, Laundromat On Site, Outside Shower, Pool, Security

Exterior Features

  • Siding Exterior: Brick

Garage/Parking

  • Garage: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA Includes: Amenities, Electric, Insurance, Maintenance, Management, Sewer, Trash, Water, Hot Water, Air Conditioning, Heat, Cable, Pool
  • Condo Name: 5000 Boardwalk
  • Management: Association

Lot Info

  • Location: Beach Block, Boardwalk Front, Water View

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Hardwood Floors, Kitchen Center Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Feb 3, 2023
Sold by
Farra Courtney Dorazio Living Trust
Bought by
Pohl Neil
Seller's Agent
Robin Mitchell
BHHS FOX and ROACH-Margate
Buyer's Agent
Todd Gordon
BHHS FOX and ROACH-Margate III
List Price
$359,000
Sold Price
$325,000
Premium/Discount to List
-$34,000
-9.47%
Total Days on Market
39
Views
52
Current Estimated Value
$408,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,516
Avg. Annual Appreciation
11.06%
Original Mortgage
$227,500
Outstanding Balance
$221,374
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$187,142

Purchase Details

Closed on
Aug 15, 2017
Sold by
Kramer Charles W
Bought by
Orazio Farra Courtney D and Farra Courtney D Orazio Living

Purchase Details

Closed on
Sep 17, 2007
Sold by
Estate Of Betty Freiberg and Freiberg T Allan
Bought by
Kramer Charles W

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pohl Neil $325,000 --
Orazio Farra Courtney D $145,000 None Available
Kramer Charles W $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pohl Neil $227,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $325,000 -9.5% --
12/13/2022 12/13/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $359,000 -- --
Source: South Jersey Shore Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,977 $182,100 $85,000 $97,100
2023 $3,673 $142,800 $85,000 $57,800
2022 $3,673 $142,800 $85,000 $57,800
2021 $3,696 $142,800 $85,000 $57,800
2020 $3,700 $142,800 $85,000 $57,800
2019 $3,691 $142,800 $85,000 $57,800
2018 $3,761 $142,800 $85,000 $57,800
2017 $3,781 $142,800 $85,000 $57,800
2016 $4,372 $200,000 $115,100 $84,900
2015 $4,332 $200,000 $115,100 $84,900
2014 $4,118 $200,000 $115,100 $84,900
Source: Public Records

Agents Affiliated with this Home

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Source: South Jersey Shore Regional MLS

MLS Number: 569338

South Jersey Shore Regional MLS

APN: 22-00005-0000-00001-0000-C1709