NOT LISTED FOR SALE

242 W Inlet Rd Ocean City, NJ 08226

Estimated Value: $1,639,397 - $2,165,000

4 Beds
2.5 Baths
-- Sq Ft
4,182 Sq Ft Lot

Last Sold December 11, 2020

Last sale price $997,500

Est. 87% increase in value since last sale

Current estimated payment $10,768/month

1 Day on Market

Highlights

  • Wood Flooring
  • Furnished
  • Walk-In Closet
  • Ocean City Primary School Rated A
  • Breakfast Area or Nook
  • Storage

About This Home

As of December 2020

Single family home located in the sought after Gardens neighborhood that features 4 spacious bedrooms + walk up finished 3rd floor for more room and lots of storage, 2.5 baths, open living area, and is ready for you to move right in to. Additional features include hardwood floors, 1 car attached garage, large master en-suite, gas heat and central A/C, back deck and paver patio, excellent location, entire home freshly painted, and is on high-ground near Gardens Parkway. This is a great home in great condition that will not last long....call for your showing NOW!

Last Agent to Sell the Property

Chris Monihan

MONIHAN REALTY Listed on: 10/21/2020

Last Buyer's Agent

James O'neill

BHHS FOX and ROACH-109 34th OC License #0450430

BHHS FOX and ROACH-109 34th OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,176

Lot Details

  • Lot Dimensions are 40' x 105'

Parking

  • 1 Car Garage

Home Design

  • Shingle Siding
  • Vinyl Siding
  • Stucco

Interior Spaces

  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Dining Area
  • Storage
  • Storage In Attic
  • Storm Screens

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,176

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 21 To 25 Years
  • Also Includes: Blinds, Curtains, Furnished
  • Lvt Date: 10/21/2020
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Washer
  • Fireplace: Built-In, Family Room, Gas Log
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Storage, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Other Rooms: Breakfast Nook, Dining Area, Eat In Kitchen, Storage Attic

Exterior Features

  • Siding Exterior: Shingle, Stucco, Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Lot Dimensions: 40' x 105'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2020
Closed on
Dec 11, 2020
Sold by
Clajoc Llc
Bought by
Bank Scott A and Bank Kathleen A
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
James O'neill
BHHS FOX and ROACH-109 34th OC
List Price
$999,000
Sold Price
$997,500
Premium/Discount to List
-$1,500
-0.15%
Current Estimated Value
$1,866,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$869,099
Avg. Annual Appreciation
14.23%
Original Mortgage
$698,250
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jun 6, 2020
Closed on
Jun 30, 2020
Sold by
Boffa Ft
Bought by
Clajoc Llc
Seller's Agent
Chris Monihan
MONIHAN REALTY
Buyer's Agent
Chris Monihan
MONIHAN REALTY

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 20, 2014
Sold by
Boffa Ross and Boffa Carmela
Bought by
Boffa Family Revocable Trust and Boffa Carmela

Purchase Details

Closed on
Jul 1, 1995
Sold by
Fuschillo David
Bought by
Boffa Ross and Boffa Carmela

Purchase Details

Closed on
Feb 6, 1995
Sold by
Eggly Mary
Bought by
Fuschillo David and Hamilton Ian
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
Bank Scott A $997,500 None Available
Clajoc Llc $830,000 Surety Title
Boffa Family Revocable Trust -- None Available
Boffa Ross $290,000 --
Fuschillo David $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bank Scott A $698,250
Previous Owner Clajoc Llc $622,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2020 12/11/20 Sold $997,500 -0.2% --
10/22/2020 10/22/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $999,000 0.0% --
08/01/2020 08/01/20 Rented -- -- --
06/06/2020 06/06/20 For Rent $15,000 -- --
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 $7,176 $639,600 $357,000 $282,600
2024 $7,176 $639,600 $357,000 $282,600
2023 $6,850 $639,600 $357,000 $282,600
2022 $6,581 $639,600 $357,000 $282,600
2021 $6,059 $639,600 $357,000 $282,600
2020 $6,059 $619,500 $357,000 $262,500
2019 $5,991 $619,500 $357,000 $262,500
2018 $5,935 $619,500 $357,000 $262,500
2017 $5,842 $619,500 $357,000 $262,500
2016 $5,619 $619,500 $357,000 $262,500
2015 $5,545 $619,500 $357,000 $262,500
2014 $5,464 $619,500 $357,000 $262,500
Source: Public Records

Agents Affiliated with this Home

  • Chris Monihan

    Seller's Agent in 2020

    Chris Monihan

    MONIHAN REALTY

    (609) 602-3336

    85 in this area

    108 Total Sales

    Chris Monihan
    Section Image
  • James O'neill

    Buyer's Agent in 2020

    James O'neill

    BHHS Fox & Roach

    (609) 287-3570

    7 in this area

    7 Total Sales

    James O'neill
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 543771

South Jersey Shore Regional MLS

APN: 08-00070-22-00023

New Jersey Cape May County Ocean City 08226

242 W Inlet Rd, Ocean City, NJ

This home is located at 242 W Inlet Rd, Ocean City, NJ 08226 since 21 October 2020 and is currently estimated at $1,866,599. 242 W Inlet Rd 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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