NOT LISTED FOR SALE

111 W Inlet Rd Unit 2 Ocean City, NJ 08226

Estimated Value: $605,000 - $853,000

3 Beds
2 Baths
-- Sq Ft
4.1 Acres

Last Sold June 30, 2023

Last sale price $786,000

Est. 9% decrease in value since last sale

Current estimated payment $4,218/month

157 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Central Air
  • Ocean City Primary School Rated A
  • Outdoor Community Showers

About This Home

As of June 2023

Experience unparalleled luxury living at the Unique Gardens section's second floor unit! This magnificent three-bedroom, two full-bathroom unit boasts a prime location and has been maintained with the utmost care, awaiting its discerning new buyer. The moment you step inside, you will be greeted by an abundant open living space, with pristine hardwood floors throughout and a fully updated kitchen with high-end stainless-steel appliances and opulent granite countertops. The expansive master bedroom is fit for royalty, featuring a full master bath and ample space for your comfort. Step outside and bask in the splendor of the huge wrap-around deck, an idyllic oasis perfect for entertaining or unwinding in luxurious style. Don't miss this rare opportunity to indulge in the best of the Gardens' condominium living! Additionally, the second floor of this opulent unit can be rented seasonally, bringing in a generous $39,732. Meanwhile, the first floor can be rented annually for an impressive $2,100 per month, culminating in a grand total of $25,200 per year. Experience the pinnacle of luxury living and investment potential all in one!

Last Agent to Sell the Property

Jeff Quintin

eXp Realty - Ocean City S382K License #SP-9134206 Listed on: 11/07/2022

Last Buyer's Agent

LINDA HINCHMAN

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #0015314

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,246

Year Built

  • Built in 1962

Lot Details

  • 4.1

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Kitchen

  • <<selfCleaningOvenToken>>
  • Stove
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

Recreation

  • Outdoor Community Showers

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,246

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Lvt Date: 11/07/2022
  • Year Built: 1962
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Common Area Features: Deck/Porch, Outside Shower

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Two Car
  • Parking Exterior: One Car

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Gas

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Hardwood Floors

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2006
Sold by
Resinski Alfreda C
Bought by
Seidel Richard D and Seidel Susan M
Current Estimated Value
$714,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,000
Interest Rate
6.15%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 14, 1988
Sold by
Alsentzer Mark and Alsentzer Karin
Bought by
Resinski Lawrence and Resinski Alfreda
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
Seidel Richard D $427,500 Mutual Title Agency
Resinski Lawrence $112,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seidel Richard D $328,500
Closed Seidel Richard D $342,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2023 06/30/23 Sold $786,000 +0.1% --
04/13/2023 04/13/23 Pending -- -- --
01/25/2023 01/25/23 Price Changed $784,900 +4.7% --
11/22/2022 11/22/22 Price Changed $749,900 -6.3% --
11/07/2022 11/07/22 For Sale $799,900 -- --
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 $3,246 $289,300 $139,600 $149,700
2023 $3,098 $289,300 $139,600 $149,700
2022 $2,977 $289,300 $139,600 $149,700
2021 $2,158 $289,300 $139,600 $149,700
2020 $2,829 $289,300 $139,600 $149,700
2019 $2,798 $289,300 $139,600 $149,700
2018 $2,771 $289,300 $139,600 $149,700
2017 $2,728 $289,300 $139,600 $149,700
2016 $2,624 $289,300 $139,600 $149,700
2015 $2,589 $289,300 $139,600 $149,700
2014 $2,552 $289,300 $139,600 $149,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 568755

South Jersey Shore Regional MLS

APN: 08-05950-0000-00008-0000-C3