NOT LISTED FOR SALE

240 Clipper Dr Ocean City, NJ 08226

Estimated Value: $1,013,000 - $1,152,137

4 Beds
2.5 Baths
1,791 Sq Ft
$604/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $520,000 $290 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $6,177/month

56 Days on Market

Highlights

  • Cabana
  • Deck
  • Recreation Room
  • Ocean City Primary School Rated A
  • Family Room with Fireplace
  • Cathedral Ceiling

About This Home

As of October 2018

This move in ready raised and renovated Cape Cod in the desirable Ocean City Homes neighborhood can be your year-round home or your summer/weekend get away! Located in a family friendly quiet neighborhood, this cozy home features 4 BR/2.5 BA, a large family room with gas fireplace, roomy sunroom with gas fireplace, lots of closet space and upgrades galore! The upgraded kitchen features new granite countertops, new appliances and new porcelain tile floors in both the kitchen and family room. Other upgrades include a brand-new roof, new high efficiency gas forced hot air heat and central air conditioning, and a new 50-gallon high-efficiency gas hot water heater. Relax in a tranquil and serene outdoor space with beautiful landscaping, a child and dog-friendly fenced-in backyard, and an outdoor enclosed sports bar. A ground level walkout basement with almost 8 feet of headroom affords plenty of storage and is perfect for a workshop or recreation area. There is plenty of off-street parking for vehicles, wave runners, and/or boats. There is no nuisance flooding and enjoy a flood insurance premium of only $333 per year! Close to beach as well as Corson Inlet State Park nature trails, boat launch, and fishing. Being sold mostly furnished.

Last Agent to Sell the Property

Kevin Decosta

BHHS FOX and ROACH-109 34th OC Listed on: 06/22/2018

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Raymond Clark

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,303

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 50 x 94
  • Fenced

Home Design

  • Cottage
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • Partially Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Multiple Fireplaces
  • Free Standing Fireplace
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Recreation Room
  • Workshop
  • Sun or Florida Room
  • Storage
  • Carbon Monoxide Detectors

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Stone or Rock in Basement

Parking

  • 2 Parking Spaces
  • Parking Pad

Pool

  • Cabana
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,303

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Cottage
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 06/25/2018
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Free Standing, Gas Log, Living Room, More Than 1
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Kitchen Center Island, Storage, Skylight(s), Whirlpool
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: 6 Ft. Or More Head Room, Masonry Floor/Wall, Outside Entrance, Slab
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Florida Room, Laundry/Utility Room, Recreation/Family, Workshop

Exterior Features

  • Outside Features: Cabana, Curbs, Deck, Fenced Yard, Outside Shower, Patio, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Parking Exterior: Two Car, Parking Pad

Utilities

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

Lot Info

  • Lot Dimensions: 50 x 94
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2018
Closed on
Oct 19, 2018
Sold by
Buch Keith C and Buch Debra K
Bought by
Delcasale Nicholas and Casale Anna M
Seller's Agent
Kevin Decosta
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Raymond Clark
Keller Williams Realty Jersey Shore-Ocean City
List Price
$535,000
Sold Price
$520,000
Premium/Discount to List
-$15,000
-2.8%
Current Estimated Value
$1,081,534

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$561,534
Avg. Annual Appreciation
11.10%
Original Mortgage
$295,000
Outstanding Balance
$257,805
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$823,729

Purchase Details

Closed on
Jun 18, 2004
Sold by
Dotts Michael S and Adams Dotts Stacy
Bought by
Buch Keith C and Buch Debra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 22, 2002
Sold by
Difabio Frank W
Bought by
Dotts Michael S and Dotts Stacy Adams

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.88%
Source: Public Records

Range of Values:

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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
Delcasale Nicholas $520,000 --
Buch Keith C $479,900 --
Dotts Michael S $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delcasale Nicholas $295,000
Previous Owner Buch Keith C $250,000
Previous Owner Dotts Michael S $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2018 10/19/18 Sold $520,000 -1.9% $290 / Sq Ft
08/17/2018 08/17/18 Pending -- -- --
07/26/2018 07/26/18 Price Changed $529,900 -1.0% $296 / Sq Ft
06/22/2018 06/22/18 For Sale $535,000 -- $299 / Sq Ft
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 $5,303 $472,600 $273,600 $199,000
2024 $5,303 $472,600 $273,600 $199,000
2023 $5,062 $472,600 $273,600 $199,000
2022 $4,863 $472,600 $273,600 $199,000
2021 $3,526 $472,600 $273,600 $199,000
2020 $4,622 $472,600 $273,600 $199,000
2019 $4,570 $472,600 $273,600 $199,000
2018 $4,528 $472,600 $273,600 $199,000
2017 $4,457 $472,600 $273,600 $199,000
2016 $3,917 $431,900 $273,600 $158,300
2015 $3,866 $431,900 $273,600 $158,300
2014 $3,809 $431,900 $273,600 $158,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 507341

South Jersey Shore Regional MLS

APN: 08-05410-0000-00004