NOT LISTED FOR SALE

Estimated Value: $800,000 - $851,000

2 Beds
2.5 Baths
1,600 Sq Ft
$516/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $674,000 $421 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,714/month

19 Days on Market

Highlights

  • Beach Access
  • Open Floorplan
  • Attic
  • Roger Sherman Elementary School Rated A
  • Deck
  • 2-minute walk to Veterans Park

About This Home

As of May 2023

Ocean Reef is a hidden gem of a condo community of 11 townhomes in the beach area. Close to beach, town and train and all amenities that in town living has to offer. White kitchen with stainless appliances and white farmhouse sink. Huge island great for dining or casual buffet entertaining. Upscale baths with Toto fixtures and polished nickel faucets.Brazilian white quartz counters in baths and kitchen. Open layout on main level featuring sliders to deck with lovely view of the salt marsh. Powder room also on main level. Upper level features skylights and vaulted ceilings. Primary bedroom and bath and guest bedroom and bath. Lower level features den with door to outside. Mudroom and bench area when entering from the garage. Walk in storage closet that is plumbed for an additional bath if needed. Laundry room and walk in cedar closet.Hardwood floors thuout.Updated mechanicals. Beautiful landscape with exterior plantings,lights and irrigation system. Each unit has the feel of a single family home.Enjoy the lifestyle without the headaches of yard maintenance. Each unit has a private driveway and garage. An additional parking spot with each unit. Plenty of guest parking. Excellent value for beach and carefree lifestyle. Shelves in the garage and storage room will remain with the property. Lovely cul de sac. Owner is licensed real estate agent.

Last Agent to Sell the Property

Marlene Marrucco-Recchia

William Pitt Sotheby's Int'l License #RES.0564449 Listed on: 03/09/2023

William Pitt Sotheby's Int'l

Last Buyer's Agent

Gayle Worthington

William Raveis Real Estate License #RES.0788460

William Raveis Real Estate

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $8,849

Year Built

  • Built in 1985

Lot Details

  • Cul-De-Sac
  • Sprinkler System

HOA Fees

  • $635 Monthly HOA Fees

Home Design

  • Frame Construction
  • Clap Board Siding
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 1,600 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Attic

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on lower level
  • Washer
  • Gas Dryer

Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Driveway
  • Guest Parking
  • Visitor Parking

Outdoor Features

  • Beach Access
  • Public Water Access
  • Walking Distance to Water
  • Deck
  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Flood Zone Lot

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, property management, pest control, road maintenance, insurance
  • 11 Units
  • Ocean Reef Community
  • Property managed by The Property Group

Recreation

  • Bocce Ball Court

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$8,849

Year Built

Built in 1985

Lot Details

0

HOA Fees

$635 per month

Listing Details

  • Neighborhood: Beach
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 1600
  • Public Record Living Room Sq Ft: 1600
  • Total Sq Ft: 1600
  • Year Built: 1985
  • Nearby Amenities: Basketball Court, Bocci Court, Library, Park, Playground/Tot Lot, Public Rec Facilities
  • Association Amenities: Guest Parking
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • Encumbrances Restrictions: Boats, Trailer(S), Truck(S)
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Special Assessment Details: 90.00 every mo. goes toward spec assess.
  • Public Record Gross Sq Ft: 2558
  • Condo Model Name: Townhouse
  • Directions: Post Rd.to Reef Rd.towards beach. Turn right at Veterans Park. (Waite Way or Rod Hwy.) Turn right onto Ocean Reef Drive.#2 is on the right in the middle. Park in driveway or any open spot in the parking lot.
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Partial With Walk-Out
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Cable - Pre-wired, Open Floor Plan
  • Appliances: Electric Cooktop, Electric Range, Microwave, Refrigerator, Dishwasher, Washer, Gas Dryer
  • Laundry Room Location: Lower level laundry room in unit
  • Laundry Room Info: Lower Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Gutters, Lighting, Porch, Sidewalk, Underground Sprinkler
  • Exterior Siding: Clapboard, Vinyl Siding
  • Waterfront Description: Water Community, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame, Masonry

Garage/Parking

  • Garage Parking Info: Attached Garage, Under House Garage, Driveway
  • Garages Number: 1
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Pest Control, Road Maintenance, Insurance
  • Complex Name: Ocean Reef
  • HOA Fees: 635
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: Yes
  • Property Management Type: Professional-Off Site
  • Property Manager Email: jhollyday@thepropertygroup.net
  • Property Manager Name: Jim Hollyday
  • Property Manager Phone: 203-893-4651
  • Property Mgt Company Name: The Property Group

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Lot Description: On Cul-De-Sac, Level Lot
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: DRD1

Rental Info

  • Pets Allowed Info: Restrictions as per HOA
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8849
  • Mil Rate Base: 27.240
  • Assessor Parcel Number: 132491

Multi Family

  • Total Num Of Units: 11

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 5, 2023
Sold by
Recchia Marlene
Bought by
Urso Diane
Seller's Agent
Marlene Marrucco-Recchia
William Pitt Sotheby's Int'l
Buyer's Agent
Gayle Worthington
William Raveis Real Estate
List Price
$659,900
Sold Price
$674,000
Premium/Discount to List
$14,100
2.14%
Views
58
Current Estimated Value
$824,994

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,994
Avg. Annual Appreciation
7.86%
Original Mortgage
$274,000
Outstanding Balance
$263,814
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$561,180

Purchase Details

Listed on
Mar 9, 2023
Closed on
May 1, 2023
Sold by
2 Ocean Reef Drive Llc
Bought by
Recchia Marlene
Seller's Agent
Marlene Marrucco-Recchia
William Pitt Sotheby's Int'l
Buyer's Agent
Gayle Worthington
William Raveis Real Estate
List Price
$659,900
Sold Price
$674,000
Premium/Discount to List
$14,100
2.14%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,000
Outstanding Balance
$263,814
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$561,180

Purchase Details

Closed on
Oct 2, 2012
Sold by
Besterfield David
Bought by
2 Ocean Reef Drive Llc

Purchase Details

Closed on
Jun 24, 2002
Sold by
Babkie Barbara
Bought by
Piotrowski Magdalena

Purchase Details

Closed on
Oct 3, 1996
Sold by
Redwood Peter Hs and Redwood Dorothy H
Bought by
Babkie Joseph M and Babkie Barbara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Urso Diane $674,000 None Available
Urso Diane $674,000 None Available
Recchia Marlene -- None Available
Recchia Marlene -- None Available
2 Ocean Reef Drive Llc $400,000 --
2 Ocean Reef Drive Llc $400,000 --
Piotrowski Magdalena $200,000 --
Piotrowski Magdalena $200,000 --
Babkie Joseph M $177,000 --
Babkie Joseph M $177,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Urso Diane $274,000
Closed Urso Diane $274,000
Previous Owner Babkie Joseph M $200,000
Previous Owner Babkie Joseph M $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $674,000 +2.1% $421 / Sq Ft
03/28/2023 03/28/23 Pending -- -- --
03/09/2023 03/09/23 For Sale $659,900 -- $412 / Sq Ft
Source: SmartMLS

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 $9,223 $324,870 $0 $324,870
2024 $9,064 $324,870 $0 $324,870
2023 $8,937 $324,870 $0 $324,870
2022 $8,849 $324,870 $0 $324,870
2021 $8,765 $324,870 $0 $324,870
2020 $7,801 $291,200 $0 $291,200
2019 $7,801 $291,200 $0 $291,200
2018 $7,676 $291,200 $0 $291,200
2017 $7,519 $291,200 $0 $291,200
2016 $7,411 $291,200 $0 $291,200
2015 $6,976 $281,400 $0 $281,400
2014 $6,866 $281,400 $0 $281,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170554489

SmartMLS

APN: FAIR-000183-000155-000002