NOT LISTED FOR SALE

5 Sconset Ct Unit 55 Ocean City, NJ 08226

Estimated Value: $528,000 - $542,000

2 Beds
2 Baths
-- Sq Ft
5.47 Acres

Last Sold July 14, 2022

Last sale price $405,000

Est. 32% increase in value since last sale

Current estimated payment $3,010/month

Highlights

  • Ground Level Unit
  • Community Pool
  • Ceiling Fan
  • Ocean City Primary School Rated A
  • Forced Air Heating and Cooling System

About This Home

As of July 2022

First floor 2 bedroom 2 bathroom unit in Nantucket Condos. with views of the wildlife preserve on Bay Ave. Located across from Stainton's Wildlife Refuge. Very well run building with no special assessments. New roof also installed in the last few years. This complex offers a stunning swimming pool with hot tub a;ong with exercise room on site. Well managed with on-site maintenance staff.

Last Agent to Sell the Property

MICHAEL DIPILLA

MARKETPLACE REALTY Listed on: 04/09/2022

Last Buyer's Agent

MICHAEL DIPILLA

MARKETPLACE REALTY Listed on: 04/09/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,562

Year Built

  • Built in 1985

Lot Details

  • 5.47

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Ground Level Unit

Utilities

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

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, trash, pool
  • Nantucket Condos

Recreation

  • Community Pool
  • Community Whirlpool Spa

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,562

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds
  • Lvt Date: 04/09/2022
  • Year Built: 1985
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: Two
  • Unit Location: First Floor
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Common Area Features: Pool, Whirlpool/Spa

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car, Assigned

Utilities

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

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Trash, Pool
  • Condo Name: Nantucket
  • Management: Association

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Master Bath, Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2022
Closed on
Jul 9, 2022
Sold by
Elizabeth M Arrera Grantor Trust
Bought by
Mccarthy Timothy and Mccarthy Erin
Seller's Agent
MICHAEL DIPILLA
MARKETPLACE REALTY
Buyer's Agent
MICHAEL DIPILLA
MARKETPLACE REALTY
List Price
$429,000
Sold Price
$405,000
Premium/Discount to List
-$24,000
-5.59%
Current Estimated Value
$534,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,189
Avg. Annual Appreciation
8.78%
Original Mortgage
$303,750
Outstanding Balance
$288,983
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$245,206

Purchase Details

Closed on
Mar 20, 2017
Sold by
Arrera Elizabeth
Bought by
Dilolle Jo Ann E and Elizabeth M Arrera Grantor Tru

Purchase Details

Closed on
Nov 20, 1998
Sold by
Bovino Elizabeth
Bought by
Arrera Joseph and Arrera Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.49%

Purchase Details

Closed on
May 18, 1989
Sold by
Vernon Allen
Bought by
Bovino Elizabeth
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
Mccarthy Timothy $405,000 Surety Title
Dilolle Jo Ann E -- None Available
Arrera Joseph $95,000 --
Bovino Elizabeth $103,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarthy Timothy $303,750
Previous Owner Arrera Joseph $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $405,000 -3.6% --
06/29/2022 06/29/22 Pending -- -- --
05/29/2022 05/29/22 Price Changed $419,999 -2.1% --
04/09/2022 04/09/22 For Sale $429,000 -- --
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 $2,562 $228,300 $98,600 $129,700
2024 $2,562 $228,300 $98,600 $129,700
2023 $2,445 $228,300 $98,600 $129,700
2022 $2,349 $228,300 $98,600 $129,700
2021 $2,294 $228,300 $98,600 $129,700
2020 $2,233 $228,300 $98,600 $129,700
2019 $2,208 $228,300 $98,600 $129,700
2018 $2,187 $228,300 $98,600 $129,700
2017 $2,153 $228,300 $98,600 $129,700
2016 $2,071 $228,300 $98,600 $129,700
2015 $2,043 $228,300 $98,600 $129,700
2014 $2,014 $228,300 $98,600 $129,700
Source: Public Records

Agents Affiliated with this Home

  • MICHAEL DIPILLA

    Seller's Agent in 2022

    MICHAEL DIPILLA

    MARKETPLACE REALTY

    (609) 328-0809

    1 in this area

    26 Total Sales

    MICHAEL DIPILLA
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 561600

South Jersey Shore Regional MLS

APN: 08-02707-0000-00002-0000-C55

New Jersey Cape May County Ocean City 08226

5 Sconset Ct Unit 55, Ocean City, NJ

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