519 5th Street $1,505,000

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    519 5th Street Ocean City, NJ 08270

    SOLD COOP BY MEMBER

    $1,505,000

    • 7 Beds
    • 7 Baths
    • 3,886 sq. ft.
    • Single-Family
    • MLS# 221218
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    Property Details

    Description

    Own an important piece of Ocean City History! Beautiful historic landmark single family home built in 1882 by one of Ocean City's founding fathers, William Burrell. This Victorian beauty is situated across the street from the Ocean City Tabernacle and catty-corner from Veterans Park, both offering lots of open space and greenery. Located in the historic district, this neighborhood is filled with beautiful old homes, parks and trees, a rare find in Ocean City. The home is walking distance to the boardwalk, beach, tennis courts and Ocean City's downtown shopping district. Beautiful architecture and design with an estimated 3,886 square feet of living space offering 7 bedrooms, each with its own full bathroom, TV and A/C. This home was once a bed and breakfast and can be easily converted back if the buyer so desires. Large front porch, hand milled wood work, original hardwood floors & stained glass, custom crafted cabinets, tin pressed ceiling and glass enclosed porch all contribute to the home's charm. The roof, gas hot water heating system and hot water on demand new in 2013, all new windows 2017. Large side yard with pergola covered patio, outside shower, 2 car detached garage with concrete driveway (4 car parking), large corner 70x100 lot, fantastic rental income producing $120,000+ from Spring to Fall. This is a rare opportunity to purchase a piece of history. Excellent investment opportunity or use as a single home.

    • General Features
      • Area Ocean City
      • Bank Owned No
      • Bedrooms 7
      • Lavs 0
      • New Construction Y N No
      • Full Baths 7
      • Sale Rent For Sale
      • Type Single Family
    • Building Features
      • Also Included Furniture
      • Appliances Included Dishwasher, Dryer, Microwave Oven, Refrigerator, Self-Clean Oven, Stove Natural Gas, Washer
      • Basement Full, Inside Entrance, Outside Entrance
      • Cooling Wall Air Conditioning, Window Air Conditioning
      • Construction Victorian
      • Exterior Type Asbestos, Brick, Wood
      • Heating Gas Natural, Hot Water, Radiator
      • Hot Water Gas- Natural
      • INTERIOR FEATURES Fireplace- Gas,Wood Flooring,Kitchen Center Island
      • Other Rooms Dining Area, Dining Room, Kitchen, Living Room
      • Total Rooms 18
    • Property Features
      • Bay Proximity 4 Blocks
      • Beach Proximity 3 Blocks
      • Location Corner, Historical District
      • Lot Number 22
      • Lot Size 6001-10000 SqFt
      • Frontage 70
      • Lot Size1 70x100
      • Outside Features Deck, Outside Shower, Patio, Porch, Screened Porch, Sidewalks
      • Sewer Public
      • Parking Garage 1.5 Car, 4 car parking, Concrete Driveway, Detached, Garage
      • Water Public

    Neighborhood

    08270 (Ocean City) Demographics

    42 Median Age
    69 Population Density (per sq. mile)
    31% College Educated
    $74,776 Estimated Median Income
    2,339 Estimated Total Home Owners
    772 Estimated Total Renters
    75% / 25% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    8,285 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $117,500 Median Sales Price
    7 Homes Sold
    15 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        6/6/2022 3:00:00 AM Sold Source: Multiple Listing Service New Value: $1,505,000
        5/9/2022 9:24:06 AM Status Changed Source: Multiple Listing Service New Value: UNDER CONTRACT

        The data relating to real estate for sale on this website is provided in part by RE/MAX of New Jersey and the IDX program of the Cape May County Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2022 Cape May County Multiple Listing Service, Inc. and RE/MAX of New Jersey. All rights reserved.



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.