NOT LISTED FOR SALE

Estimated Value: $664,000 - $805,916

3 Beds
2 Baths
-- Sq Ft
1985 Built

Sale Details

Date Sold: July 28, 2023

Last sale price $570,000

Est. 28% increase in value since last sale

Current estimated payment $4,176 / mo

42 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Unit is on the top floor
  • Cathedral Ceiling
  • Ocean City Primary School Rated A
  • Clubhouse
  • End Unit

About This Home

As of July 2023

Welcome to 114 Easterly Drive in the beautiful bayfront Ocean Reef community of Ocean City, NJ! As you arrive, you'll be greeted by a charming exterior and lush landscaping, creating a welcoming atmosphere. Step inside this highly sought after corner 2nd Floor residence, and you'll be immediately struck by the bright and airy ambiance that floods the open-concept living spaces. This one floor living floor plan offers a spacious and inviting living room w/ vaulted ceilings and gas log fireplace. Large windows allow natural light to cascade throughout, accentuating the coastal aesthetic and providing a seamless connection to the outdoors. Adjacent to the living area is the dining area & kitchen. This home offers 3 spacious bedrooms & 2 full baths. The master retreat features a private wrap around balcony, ideal for savoring morning coffee. Each additional bedroom offers ample space and comfort. Outside, a generous deck provides an idyllic setting for hosting summer gatherings or enjoying peaceful moments of solitude. Soak up the sun, or simply revel in the coastal breeze as you watch the summer boat activity go by! Located in Ocean Reef, one of Ocean City's most desirable neighborhoods, 114 Easterly Drive offers access to a wide array of community amenities. Take advantage of the nearby tennis courts, and walking trails along the water as well as 2 Pools, clubhouse and grill area. With its proximity to downtown Ocean City, you'll have easy access to charming shops, delectable restaurants, golf, beach and Boardwalk!

Last Agent to Sell the Property

Nicole Presnall

BHHS FOX and ROACH-Simpson OC Listed on: 05/18/2023

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Gray Haenn

BERGER REALTY-Main

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1985

Lot Details

  • Property Fronts a Bay or Harbor
  • End Unit

Home Design

  • Wood Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Water Views

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Unit is on the top floor

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1985

Lot Details

0 Sq Ft Lot

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Partially Furnished
  • Year Built: 1985
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit, Second Floor, Top Floor, Water View
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Refrigerator, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Bedrooms: 3
  • Bedroom 1: On Level: Upper
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Full Bathrooms: 2
  • Bathroom 1 Level: Upper
  • Bathroom 2 Level: Upper
  • Dining Room: On Level: Upper
  • Kitchen: On Level: Upper
  • Living Room: On Level: Upper
  • Other Rooms: Dining Area, Laundry/Utility Room
  • Common Area Features: Bulkheaded, Clubhouse/Clubroom, Pool

Exterior Features

  • Siding Exterior: Stucco, Wood

Garage/Parking

  • Parking Exterior: Two Car, Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Insurance, Management, Maintenance, Pool, Trash
  • Condo Name: Ocean Reef
  • Management: Association

Lot Info

  • Location: Bay Front, Corner, Docks, Water View

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Cathedral Ceiling(s), Fireplace(s), Master Bath

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jul 27, 2023
Sold by
Rust Jean G and Burns Amy J
Bought by
Seller's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Gray Haenn
BERGER REALTY-Main
List Price
$649,900
Sold Price
$570,000
Premium/Discount to List
-$79,900
-12.29%
Views
262
Current Estimated Value
$729,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$159,979
Avg. Annual Appreciation
8.36%
Original Mortgage
$427,500
Outstanding Balance
$421,157
Interest Rate
7%
Mortgage Type
New Conventional
Estimated Equity
$308,822

Purchase Details

Listed on
Oct 2, 2014
Closed on
Apr 28, 2015
Sold by
Rowland Theodore B and Rowland Patricia K
Bought by
Rust Rodney A and Rust Jean G
Seller's Agent
Cheryl Huber
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Nicole Presnall
BHHS FOX and ROACH-Simpson OC
List Price
$286,000
Sold Price
$286,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$200,000
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 28, 1985
Bought by
Rowland Theodore B and Rowland Patricia K
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ocean City, NJ

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$570,000 The Title Company
Rust Rodney A $286,000 Nat
Rowland Theodore B $131,600 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $427,500
Previous Owner Rust Rodney A $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/28/2023 07/28/23 Sold $570,000 -12.3% --
07/24/2023 07/24/23 Price Changed $649,900 +6.6% --
06/29/2023 06/29/23 Pending -- -- --
06/12/2023 06/12/23 Price Changed $609,900 -6.2% --
05/18/2023 05/18/23 For Sale $649,900 +127.2% --
05/08/2015 05/08/15 Sold $286,000 0.0% -- View Prior Sale
03/26/2015 03/26/15 Pending -- -- --
10/02/2014 10/02/14 For Sale $286,000 -- --
Source: South Jersey Shore Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,629 $323,400 $124,800 $198,600
2025 $3,629 $323,400 $124,800 $198,600
2024 $3,464 $323,400 $124,800 $198,600
2023 $3,464 $323,400 $124,800 $198,600
2022 $3,328 $323,400 $124,800 $198,600
2021 $2,413 $323,400 $124,800 $198,600
2020 $3,163 $323,400 $124,800 $198,600
2019 $3,127 $323,400 $124,800 $198,600
2018 $3,098 $323,400 $124,800 $198,600
2017 $3,050 $323,400 $124,800 $198,600
2016 $2,933 $323,400 $124,800 $198,600
2015 $2,894 $323,400 $124,800 $198,600
2014 -- $323,400 $124,800 $198,600
Source: Public Records

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 574126

South Jersey Shore Regional MLS

APN: 08-03350-0000-00015-0000-C117

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