NOT LISTED FOR SALE

140 Reef Dr Ocean City, NJ 08226

Ocean City Area

Estimated Value: $714,015 - $973,000

2 Beds
2 Baths
-- Sq Ft
-- Built

Sale Details

Date Sold: November 16, 2012

Last sale price $325,000

Est. 153% increase in value since last sale

Current estimated payment $4,802 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

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

0 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

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
Mar 23, 2012
Closed on
Oct 26, 2012
Sold by
Bought by
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
$823,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$498,004
Avg. Annual Appreciation
6.98%
Original Mortgage
$200,000
Outstanding Balance
$133,254
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$689,750

Purchase Details

Closed on
Jun 10, 1997
Sold by
Bought by
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

  • Jack Yao Real Estate Agent - Realmart Realty, LLC

    Jack Yao

    Realmart Realty, LLC

    (732) 838-6992

    1,397 Total Sales

    2 in Ocean City

    $800K - $1.3M Price Range

    Jack Yao
     Section Image
  • SEAN MORRISEY Real Estate Agent - BHHS FOX and ROACH-109 34th OC

    SEAN MORRISEY

    BHHS FOX and ROACH-109 34th OC

    (640) 900-6730

    33 Total Sales

    28 in Ocean City

    $171K - $3M Price Range

    SEAN MORRISEY
     Section Image
  • Eric Millstein Real Estate Agent - Soleil Sotheby's International Realty - A

    Eric Millstein

    Responds Quickly

    Soleil Sotheby's International Realty - A

    (609) 739-9829

    148 Total Sales

    2 in Ocean City

    $650K - $860K Price Range

    Eric Millstein
     Section Image
  • MICHAEL RIORDAN Real Estate Agent - KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    MICHAEL RIORDAN

    KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE

    (609) 312-5310

    90 Total Sales

    2 in Ocean City

    $540K - $615K Price Range

    MICHAEL RIORDAN
     Section Image
  • Angela Desch Real Estate Agent - Keller Williams Realty Jersey Shore - Margate

    Angela Desch

    Keller Williams Realty Jersey Shore - Margate

    (640) 900-5520

    128 Total Sales

    2 in Ocean City

    $575K - $1.8M Price Range

    Angela Desch
     Section Image
  • GLADYS DELUCA Real Estate Agent - eXp Realty - Montclair

    GLADYS DELUCA

    eXp Realty - Montclair

    (609) 855-5708

    37 Total Sales

    1 in Ocean City

    $925,000 Price

    GLADYS DELUCA
     Section Image
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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
$325,000 None Available
$156,000 --
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 $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
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

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 $3,353 $298,800 $159,600 $139,200
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

  • Gloria Votta Real Estate Agent - BHHS Fox & Roach

    Seller's Agent in 2012

    Gloria Votta

    BHHS Fox & Roach

    (609) 425-6614

    21 Total Sales

    Gloria Votta
    Section Image
  • Mark Grimes Real Estate Agent - BHHS Fox & Roach

    Buyer's Agent in 2012

    Mark Grimes

    BHHS Fox & Roach

    (609) 425-2042

    153 Total Sales

    Mark Grimes
    Section Image
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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

New Jersey Cape May County Ocean City 08226

140 Reef Dr, Ocean City, NJ

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South Jersey Shore Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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