NOT LISTED FOR SALE

242 W Seaspray Rd Ocean City, NJ 08226

Estimated Value: $1,816,000 - $2,800,000

5 Beds
4 Baths
2,618 Sq Ft
$849/Sq Ft Est. Value

Last Sold April 28, 2017

Last sale price $970,000 $371 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $12,930/month

49 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • 1 Car Detached Garage
  • Ocean City Primary School Rated A
  • Breakfast Area or Nook
  • Living Room

About This Home

As of April 2017

Gardens Cottage Meticulously Restored with a Fabulous Layout. Whether planning dinner for 2 or planning a Summer Get Together for 22 this Homes Well Appointed Kitchen can handle it all. Close off the the Kitchen, Dining Area and Family Room for a cozy feel or Open the Reclaimed Solid Oak Slider into the Living Room and Enjoy a Great Entertaining Flow throughout the First Floor. This Home features 5 Bedrooms and 4 Bathrooms, one Master Bedroom is located on the first floor. The Remodeling Includes a New Front Door, New Built-In Gas Fireplace with Remote, Mosaic Surround and TV Encasing, Specialty Flooring, Wainscoting, New Window Trim, Sills and Window Treatments, New Baseboard Molding, Solid Doors and Hardware Throughout. The Gourmet Kitchen Boasts Leathered Granite Counter-tops, Monogram Stainless Steel Appliances, Including a Six Burner Stove/Oven with a Zephry Stainless Steel Wall Hood, Advantium Microwave/Convection Oven, Refrigerator with Purifier, Dishwasher and Beverage Refrigerator. The Home is Deceptively Large, Open and Airy with approx 2700 sq ft of Living Space. The Back Porch and Yard are Perfect for Outdoor Entertaining and Perhaps a Pool! This was intended to be a year-round family home and as such close attention has been paid to quality of work (John Andrews Construction), storage space and care was taken that all newly added building Material was as green as possible. Realtor has a complete list of renovations.

Last Agent to Sell the Property

Dorothy Phillips

BHHS Fox & Roach-109 34th St Ocean City License #TREND:60038711 Listed on: 01/13/2017

BHHS Fox & Roach-109 34th St Ocean City

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,925

Year Built

  • Built in 1947

Lot Details

  • 5,900 Sq Ft Lot
  • Lot Dimensions are 60x99

Parking

  • 1 Car Detached Garage
  • 1 Open Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,618 Sq Ft Home
  • Property has 1.5 Levels
  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Breakfast Area or Nook
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Gardens Subdivision

Listing and Financial Details

  • Tax Lot 00021
  • Assessor Parcel Number 08-00070 21-00021

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,925

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Breakfast Area
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 1.5
  • Room Count: 12
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2618
  • Living Area Sq Ft: 2618
  • Net Sq Ft: 2618.00
  • Price Per Sq Ft: 381.21
  • Above Grade Finished Sq Ft: 2618
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 242

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 4

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 1
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: OCEAN CITY SCHOOLS
  • School District Key: 300200397020

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 60X99
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5900.00
  • Property Attached Yn: No
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7925.00
  • Assessor Parcel Number: 08-00070 21-00021
  • Tax Lot: 00021
  • Tax Year: 2016
  • Close Date: 04/28/2017

MLS Schools

  • School District Name: OCEAN CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2017
Closed on
Apr 13, 2017
Sold by
Lombardo William and Lombardo Danielle
Bought by
Rosica Paul S and Rosica Elizabeth H
Seller's Agent
Dorothy Phillips
BHHS Fox & Roach-109 34th St Ocean City
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$998,000
Sold Price
$970,000
Premium/Discount to List
-$28,000
-2.81%
Current Estimated Value
$2,223,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,253,120
Avg. Annual Appreciation
10.48%
Original Mortgage
$400,000
Outstanding Balance
$333,514
Interest Rate
4.02%
Estimated Equity
$1,889,606

Purchase Details

Listed on
Mar 20, 2014
Closed on
Sep 22, 2014
Sold by
The Estate Of Ellen P Cain and Wallace Rosemary Cain
Bought by
Lombardo William and Lombardo Danielle
Seller's Agent
Timothy Taccarino
Compass New Jersey-Ocean City (O463H)
Buyer's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
List Price
$870,000
Sold Price
$870,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$500,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2002
Sold by
Worthington Christine M
Bought by
Cain Ellen P
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
Rosica Paul S $970,000 North American Title Agency
Lombardo William $870,000 Old Republic National Title
Cain Ellen P $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rosica Paul $400,000
Previous Owner Lombardo William $200,000
Previous Owner Lombardo William $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $970,000 -2.8% $371 / Sq Ft
03/03/2017 03/03/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $998,000 +14.7% $381 / Sq Ft
09/22/2014 09/22/14 Sold $870,000 0.0% $888 / Sq Ft
09/01/2014 09/01/14 Pending -- -- --
03/20/2014 03/20/14 For Sale $870,000 -- $888 / Sq Ft
Source: Bright 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 $9,804 $873,800 $419,300 $454,500
2024 $9,804 $873,800 $419,300 $454,500
2023 $9,358 $873,800 $419,300 $454,500
2022 $8,991 $873,800 $419,300 $454,500
2021 $6,519 $873,800 $419,300 $454,500
2020 $8,546 $873,800 $419,300 $454,500
2019 $8,450 $873,800 $419,300 $454,500
2018 $8,371 $873,800 $419,300 $454,500
2017 $8,240 $873,800 $419,300 $454,500
2016 $7,925 $873,800 $419,300 $454,500
2015 $7,821 $711,000 $419,300 $291,700
2014 $6,271 $711,000 $419,300 $291,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Dorothy Phillips

    BHHS Fox & Roach

    Section Image

  • T

    Seller's Agent in 2014

    Timothy Taccarino

    Compass New Jersey-Ocean City (O463H)

    2 in this area

    3 Total Sales

    Timothy Taccarino
    Section Image
  • JOSEPH SHEPPARD

    Buyer's Agent in 2014

    JOSEPH SHEPPARD

    BHHS Fox & Roach

    (609) 602-0501

    79 in this area

    96 Total Sales

    JOSEPH SHEPPARD
    Section Image
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Map

Source: Bright MLS

MLS Number: 1003648639

Bright MLS

APN: 08-00070-21-00021

New Jersey Cape May County Ocean City 08226

242 W Seaspray Rd, Ocean City, NJ

This home is located at 242 W Seaspray Rd, Ocean City, NJ 08226 since 13 January 2017 and is currently estimated at $2,223,120, approximately $849 per square foot. This property was built in 1947. 242 W Seaspray 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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