NOT LISTED FOR SALE

140 Clipper Dr Ocean City, NJ 08226

Estimated Value: $937,000 - $1,100,000

-- Bed
-- Bath
-- Sq Ft
4,704 Sq Ft Lot

Last Sold June 10, 2021

Last sale price $640,000

Est. 56% increase in value since last sale

Current estimated payment $5,641/month

Highlights

  • Living Room
  • Outdoor Shower
  • Baseboard Heating
  • Ocean City Primary School Rated A
  • Shed

About This Home

As of June 2021

Multiple opportunities with this grandfathered duplex in the Southend, Ocean City Homes neighborhood! This income producing property sits on a 50'x94' lot in a highly desirable residential neighborhood. Each unit has 2 bedrooms, 1 full bath, a living room and eat-in kitchen and there is a ground floor shared laundry/storage room. The exterior features ample off-street parking and spacious rear yard with alley access and an enclosed outdoor shower. Property can be used as a duplex or converted to a single family. Current leases are up in November and December, however the fantastic tenants are willing to stay if buyer will have them. Walking distance to the beach, playground, dog park and wetland sunsets.

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 04/23/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Mark Grimes

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,140

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 50x94

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • Living Room
  • Stove

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Parking Pad
  • Gravel Driveway

Outdoor Features

  • Outdoor Shower
  • Shed

Utilities

  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,140

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 04/23/2021
  • Year Built: 1970
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Electric Stove, Refrigerator, Washer
  • Other Rooms: Kitchen, Living Room

Exterior Features

  • Outside Features: Curbs, Outside Shower, Shed, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete, Gravel
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

  • Heating: Baseboard, Electric
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Lot Dimensions: 50x94

Rental Info

  • Rental Information: Yearly

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 2
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Jun 10, 2021
Sold by
Keffer William C and Keffer Kristin B
Bought by
Sawyer Robert and Sawyer Diane
Seller's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
List Price
$674,900
Sold Price
$640,000
Premium/Discount to List
-$34,900
-5.17%
Current Estimated Value
$998,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,081
Avg. Annual Appreciation
10.73%
Original Mortgage
$400,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 26, 2018
Closed on
Jul 24, 2018
Sold by
Spor Paula A and Spor Otto W
Bought by
Keffer William D and Keffer Krisatin B
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
List Price
$407,900
Sold Price
$350,000
Premium/Discount to List
-$57,900
-14.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.49%
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 1988
Bought by
Spor Paula A and Spor Otto W
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
Sawyer Robert $640,000 None Available
Keffer William D $350,000 --
Spor Paula A $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sawyer Robert $400,000
Previous Owner Keffer William D $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2021 06/10/21 Sold $640,000 -5.2% --
05/08/2021 05/08/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $674,900 0.0% --
12/01/2018 12/01/18 Rented -- -- --
10/22/2018 10/22/18 For Rent $1,175 0.0% --
08/02/2018 08/02/18 Sold $350,000 -12.3% -- View Prior Sale
06/14/2018 06/14/18 Pending -- -- --
05/02/2018 05/02/18 Price Changed $399,000 -2.2% --
03/26/2018 03/26/18 For Sale $407,900 -- --
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
2025 $4,140 $369,000 $273,600 $95,400
2024 $4,140 $369,000 $273,600 $95,400
2023 $3,952 $369,000 $273,600 $95,400
2022 $3,797 $369,000 $273,600 $95,400
2021 $3,708 $369,000 $273,600 $95,400
2020 $3,609 $369,000 $273,600 $95,400
2019 $3,568 $369,000 $273,600 $95,400
2018 $3,535 $369,000 $273,600 $95,400
2017 $3,480 $369,000 $273,600 $95,400
2016 $3,347 $369,000 $273,600 $95,400
2015 $3,303 $369,000 $273,600 $95,400
2014 $3,255 $369,000 $273,600 $95,400
Source: Public Records

Agents Affiliated with this Home

  • JOSEPH SHEPPARD

    Seller's Agent in 2021

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    76 in this area

    96 Total Sales

    JOSEPH SHEPPARD
    Section Image
  • Mark Grimes

    Buyer's Agent in 2021

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    128 in this area

    162 Total Sales

    Mark Grimes
    Section Image
  • Dorothy Phillips

    Seller's Agent in 2018

    Dorothy Phillips

    BHHS Fox & Roach

    (609) 398-9100

    187 in this area

    274 Total Sales

    Dorothy Phillips
    Section Image
  • JULIA KEY

    Seller Co-Listing Agent in 2018

    JULIA KEY

    BHHS Fox & Roach

    (609) 602-5876

    1 Total Sale

    JULIA KEY
    Section Image
  • VALERIE WOODLAND

    Buyer's Agent in 2018

    VALERIE WOODLAND

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 226-2611

    6 Total Sales

    VALERIE WOODLAND
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 549825

South Jersey Shore Regional MLS

APN: 08-05311-0000-00011

New Jersey Cape May County Ocean City 08226

140 Clipper Dr, Ocean City, NJ

This home is located at 140 Clipper Dr, Ocean City, NJ 08226 since 23 April 2021 and is currently estimated at $998,081. This property was built in 1970. 140 Clipper Dr 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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