NOT LISTED FOR SALE

109 Tarpon Ct Unit 109 Ocean City, NJ 08226

Estimated Value: $655,000 - $809,000

2 Beds
2 Baths
1,240 Sq Ft
566 Sq Ft Lot

Last Sold October 29, 2020

Last sale price $368,000 $297 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $4,092/month

Highlights

  • Water Views
  • Clubhouse
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Deck
  • Community Pool

About This Home

As of October 2020

Fully renovated 1st floor 2 bedroom 2 bath condo with water views from every window, watch beautiful sunsets from one of the 2 private decks in the premier Ocean Reef community. This condo features an open floor plan, large living room with a fireplace, master suite with walk in closet, granite countertops, new top of the line appliances, crown molding, new hot water heater, hvac, custom tile baths with glass enclosure. All the amenities of Ocean Reef including 2 pools, tennis courts, large club house, kayak, paddle board storage and potential boat slips. This is your opportunity to call Ocean Reef home!

Last Agent to Sell the Property

MIRANDA RUH

DILORENZO REALTY GROUP, LLC Listed on: 08/22/2020

DILORENZO REALTY GROUP, LLC

Co-Listed By

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

Last Buyer's Agent

Burton Wilkins

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1986

Lot Details

  • 566

Home Design

  • Wood Siding
  • Cedar Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Dining Area
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Additional Features

  • Deck
  • Ground Level Unit

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, trash, pool
  • Ocean Reef Condos

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Outdoor Community Showers
  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,253

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Lvt Date: 08/22/2020
  • Year Built: 1986
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
  • Fireplace: Wood Burning
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Other Rooms: Dining Area, Master Br On 1st Floor
  • Common Area Features: Bulkheaded, Clubhouse/Clubroom, Deck/Porch, Outside Shower, Pool, Tennis Court, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Cedar, Stucco, Wood

Garage/Parking

  • Parking Exterior: Two Car, Assigned

Utilities

  • Air Conditioner: Central
  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Trash, Pool
  • Condo Name: Ocean Reef
  • Management: Association, On-Site Professionals

Lot Info

  • Location: Water View

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Fireplace(s), Foyer, Master Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2020
Closed on
Oct 28, 2020
Sold by
Ocastal Renovations Inc
Bought by
Belt Zachary R and Jernee Jacqueline L
Seller's Agent
MIRANDA RUH
DILORENZO REALTY GROUP, LLC
Buyer's Agent
Burton Wilkins
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$379,000
Sold Price
$368,000
Premium/Discount to List
-$11,000
-2.9%
Current Estimated Value
$720,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,759
Avg. Annual Appreciation
14.48%
Original Mortgage
$312,800
Outstanding Balance
$278,348
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$442,411

Purchase Details

Listed on
Jun 18, 2019
Closed on
Mar 16, 2020
Sold by
Morozin Joseph H and Morozin Jennifer L
Bought by
Coastal Renovations Inc
Seller's Agent
Deborah Como-Arnone
MARKETPLACE REALTY
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.87%

Purchase Details

Closed on
Jun 30, 2010
Sold by
Hainley Wayne H and Hainley Patricia R
Bought by
Morozin Joseph H and Morozin Jennifer L

Purchase Details

Closed on
Sep 29, 2005
Sold by
Lambert Cornelius F
Bought by
Hainley Wayne H and Hainley Patricia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
5.78%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 1, 1991
Sold by
Mcgrath Ann J
Bought by
Lambert Cornelius F

Purchase Details

Closed on
Mar 31, 1989
Sold by
Focht Joseph and Focht Joan
Bought by
Mcgrath Ann
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Belt Zachary R $368,000 Misc Company
Coastal Renovations Inc $310,000 Misc Company
Morozin Joseph H $323,000 None Available
Hainley Wayne H $383,750 --
Lambert Cornelius F $122,500 --
Mcgrath Ann $145,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belt Zachary R $312,800
Previous Owner Hainley Wayne H $307,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/29/2020 10/29/20 Sold $368,000 -1.8% $297 / Sq Ft
09/21/2020 09/21/20 Pending -- -- --
09/11/2020 09/11/20 Price Changed $374,900 -1.1% $302 / Sq Ft
08/22/2020 08/22/20 For Sale $379,000 +22.3% $306 / Sq Ft
03/16/2020 03/16/20 Sold $310,000 -4.6% $250 / Sq Ft View Prior Sale
03/03/2020 03/03/20 Pending -- -- --
01/15/2020 01/15/20 Price Changed $325,000 -1.5% $262 / Sq Ft
12/26/2019 12/26/19 Price Changed $330,000 0.0% $266 / Sq Ft
12/08/2019 12/08/19 Price Changed $329,900 0.0% $266 / Sq Ft
10/19/2019 10/19/19 For Sale $330,000 +6.5% $266 / Sq Ft
10/16/2019 10/16/19 Off Market $310,000 -- --
07/12/2019 07/12/19 Price Changed $330,000 -5.7% $266 / Sq Ft
06/18/2019 06/18/19 Price Changed $350,000 -22.2% $282 / Sq Ft
06/18/2019 06/18/19 For Sale $450,000 -- $363 / Sq Ft
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
2025 $3,253 $289,900 $89,600 $200,300
2024 $3,253 $289,900 $89,600 $200,300
2023 $3,105 $289,900 $89,600 $200,300
2022 $2,983 $289,900 $89,600 $200,300
2021 $2,666 $289,900 $89,600 $200,300
2020 $2,678 $273,800 $89,600 $184,200
2019 $2,648 $273,800 $89,600 $184,200
2018 $2,623 $273,800 $89,600 $184,200
2017 $2,582 $273,800 $89,600 $184,200
2016 $2,483 $273,800 $89,600 $184,200
2015 $2,451 $273,800 $89,600 $184,200
2014 $2,415 $273,800 $89,600 $184,200
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    MIRANDA RUH

    DILORENZO REALTY GROUP, LLC

    (609) 412-5762

    3 in this area

    11 Total Sales

    MIRANDA RUH
    Section Image
  • Deborah Como-Arnone

    Seller's Agent in 2020

    Deborah Como-Arnone

    MARKETPLACE REALTY

    (215) 815-0113

    12 Total Sales

    Deborah Como-Arnone
    Section Image
  • Patrick Halliday

    Seller Co-Listing Agent in 2020

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    216 in this area

    365 Total Sales

    Patrick Halliday
    Section Image
  • Burton Wilkins

    Buyer's Agent in 2020

    Burton Wilkins

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 513-2500

    89 in this area

    185 Total Sales

    Burton Wilkins
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 540998

South Jersey Shore Regional MLS

APN: 08-03350-0000-00015-0000-C185

New Jersey Cape May County Ocean City 08226

109 Tarpon Ct Unit 109, Ocean City, NJ

This home is located at 109 Tarpon Ct Unit 109, Ocean City, NJ 08226 since 22 August 2020 and is currently estimated at $720,759, approximately $581 per square foot. This property was built in 1986. 109 Tarpon Ct Unit 109 is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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