NOT LISTED FOR SALE

140 Reef Dr Ocean City, NJ 08226

Estimated Value: $671,451 - $1,006,000

2 Beds
2 Baths
-- Sq Ft
566 Sq Ft Lot

Last Sold November 16, 2012

Last sale price $325,000

Est. 145% increase in value since last sale

Current estimated payment $4,387/month

189 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Clubhouse
  • Ground Level Unit
  • Ocean City Primary School Rated A
  • Wood Flooring
  • Community Pool

About This Home

As of November 2012

Rare find !! There are only 4 units in the complex with this large deck that faces the bay for the perfect night in Venice view. This quiet and tranquil community is perfect for a second home or year eound living. Kitchen and dining area have beautiful hardwood floors. Unit is bright and sunny has a private deck off the Master bedroom.

Last Agent to Sell the Property

Gloria Votta

BHHS FOX and ROACH-Simpson OC Listed on: 03/23/2012

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

  • Condominium

Lot Details

  • 566

Home Design

  • Cedar Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Water Views

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Property Fronts a Bay or Harbor
  • Ground Level Unit

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Property Details

Home Type

Condominium

Lot Details

566 Sq Ft Lot

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Curtains
  • 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: Living Room, Wood Burning
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Common Area Features: Clubhouse/Clubroom, Pool, Tennis Court

Exterior Features

  • Siding Exterior: Cedar, Stucco

Utilities

  • Air Conditioner: Central
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

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

Lot Info

  • Location: Bay Front

Multi Family

  • Unit Features: Fireplace(s), Foyer, Hardwood Floors, Master Bath, Wall To Wall Carpet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2012
Closed on
Oct 26, 2012
Sold by
Cassidy Arthur F and Cassidy Carol M
Bought by
Smith Linda
Seller's Agent
Gloria Votta
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Mark Grimes
BHHS FOX and ROACH-109 34th OC
List Price
$325,000
Sold Price
$325,000
Current Estimated Value
$797,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,363
Avg. Annual Appreciation
7.01%
Original Mortgage
$200,000
Outstanding Balance
$138,269
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$659,094

Purchase Details

Closed on
Jun 10, 1997
Sold by
Timoney James D
Bought by
Cassidy Arthur and Cassidy Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.81%
Source: Public Records

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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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
Smith Linda $325,000 None Available
Cassidy Arthur $156,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Linda $200,000
Previous Owner Cassidy Arthur $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2012 11/16/12 Sold $325,000 0.0% --
09/28/2012 09/28/12 Pending -- -- --
03/23/2012 03/23/12 For Sale $325,000 -- --
Source: South Jersey Shore Regional MLS

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 $3,353 $298,800 $159,600 $139,200
2024 $3,353 $298,800 $159,600 $139,200
2023 $3,200 $298,800 $159,600 $139,200
2022 $3,075 $298,800 $159,600 $139,200
2021 $2,229 $298,800 $159,600 $139,200
2020 $2,922 $298,800 $159,600 $139,200
2019 $2,889 $298,800 $159,600 $139,200
2018 $2,863 $298,800 $159,600 $139,200
2017 $2,818 $298,800 $159,600 $139,200
2016 $2,710 $298,800 $159,600 $139,200
2015 $2,674 $298,800 $159,600 $139,200
2014 $2,635 $298,800 $159,600 $139,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 392548

South Jersey Shore Regional MLS

APN: 08-03350-0000-00015-0000-C138

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