NOT LISTED FOR SALE

1103 Gardens Pkwy Ocean City, NJ 08226

Estimated Value: $2,742,000 - $3,091,204

5 Beds
3 Baths
-- Sq Ft
8,015 Sq Ft Lot

Last Sold June 21, 2022

Last sale price $2,242,500

Est. 25% increase in value since last sale

Current estimated payment $16,334/month

Highlights

  • Water Views
  • Deck
  • Wood Flooring
  • Ocean City Primary School Rated A
  • Recreation Room
  • Corner Lot

About This Home

As of October 2022

This home is located at 1103 Gardens Pkwy, Ocean City, NJ 08226 since 14 October 2022 and is currently priced at $2,886,051. This property was built in 1959. 1103 Gardens Pkwy 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.

Last Agent to Rent the Property

Mark Grimes

BHHS FOX and ROACH-109 34th OC License #SP-8933684 Listed on: 10/14/2022

BHHS FOX and ROACH-109 34th OC

Last Renter's Agent

Jason Frost

BHHS FOX and ROACH-Simpson OC License #0341733

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,499

Year Built

  • 1959

Lot Details

  • Corner Lot
  • Sprinkler System

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Dining Area
  • Den
  • Recreation Room
  • Storage
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Parking Pad

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,499

Year Built

1959

Lot Details

0

Rental Info

  • Pets Allowed: No Pets Allowed
  • Furnished: Yes
  • Lease Duration Options: Winter
  • Lease Duration: Winter
  • Winter Price: 3500

Listing Details

  • Class: Rental Non-Commercial
  • Type: House (Rental)
  • Style: 2 Story
  • Age: 25+ Years
  • Lvt Date: 10/20/2022
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1959

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Kitchen Center Island, Storage
  • Bedrooms: 5
  • Full Bathrooms: 3
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Area, Laundry/Utility Room, Recreation/Family, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Sidewalks, Sprinkler System

Garage/Parking

  • Driveway: Concrete
  • Garage: Attached Garage
  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Corner, Water View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
Jun 20, 2022
Sold by
Johnson Scott R and Johnson Michelle M
Bought by
Dasti Jerry J and Dasti Elizabeth
Seller's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
List Price
$2,375,000
Sold Price
$2,242,500
Premium/Discount to List
-$132,500
-5.58%
Current Estimated Value
$2,806,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,188
Avg. Annual Appreciation
8.87%
Original Mortgage
$1,681,850
Outstanding Balance
$1,613,524
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$1,312,624

Purchase Details

Listed on
Jan 13, 2021
Closed on
Apr 15, 2021
Sold by
Maguire Kathleen T
Bought by
Johnson Scott R and Johnson Michelle M
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
List Price
$2,600,000
Sold Price
$2,050,000
Premium/Discount to List
-$550,000
-21.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%

Purchase Details

Closed on
Jun 21, 2018
Sold by
Balabon Pauline E
Bought by
Maguire Kathleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 17, 1987
Bought by
Balabon Pauline E
Source: Public Records

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
Dasti Jerry J $2,242,500 Surety Title
Johnson Scott R $2,050,000 None Available
Maguire Kathleen T -- --
Balabon Pauline E $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dasti Jerry J $200,000
Closed Dasti Jerry J $50,000
Open Dasti Jerry J $1,681,850
Previous Owner Maguire Kathleen T $153,355
Previous Owner Maguire Kathleen T $50,000
Previous Owner Maguire Kathleen T $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2022 10/24/22 Rented -- -- --
10/14/2022 10/14/22 For Rent $3,500 0.0% --
06/21/2022 06/21/22 Sold $2,242,500 -5.6% --
05/12/2022 05/12/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $2,375,000 +15.9% --
04/19/2021 04/19/21 Sold $2,050,000 -17.8% --
03/16/2021 03/16/21 Pending -- -- --
02/19/2021 02/19/21 Price Changed $2,495,000 -4.0% --
01/08/2021 01/08/21 For Sale $2,600,000 -- --
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 $12,499 $1,114,000 $785,700 $328,300
2023 $11,931 $1,114,000 $785,700 $328,300
2022 $11,463 $1,114,000 $785,700 $328,300
2021 $7,928 $1,062,800 $785,700 $277,100
2020 $10,394 $1,062,800 $785,700 $277,100
2019 $10,277 $1,062,800 $785,700 $277,100
2018 $10,182 $1,062,800 $785,700 $277,100
2017 $10,022 $1,062,800 $785,700 $277,100
2016 $9,640 $1,062,800 $785,700 $277,100
2015 $9,512 $967,800 $785,700 $182,100
2014 $8,536 $967,800 $785,700 $182,100
Source: Public Records

Agents Affiliated with this Home

  • Mark Grimes

    Landlord's Agent in 2022

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    141 in this area

    176 Total Sales

    Section Image
  • Jason Frost

    Tenant's Agent in 2022

    Jason Frost

    BHHS Fox & Roach

    (609) 335-2845

    148 in this area

    180 Total Sales

    Section Image
  • Dorothy Phillips

    Seller's Agent in 2021

    Dorothy Phillips

    BHHS Fox & Roach

    (609) 398-9100

    187 in this area

    277 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 568264

South Jersey Shore Regional MLS

APN: 08-00070-60-00001

New Jersey Cape May County Ocean City 08226

1103 Gardens Pkwy, Ocean City, NJ

This home is located at 1103 Gardens Pkwy, Ocean City, NJ 08226 since 14 October 2022 and is currently priced at $2,886,051. This property was built in 1959. 1103 Gardens Pkwy 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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