NOT LISTED FOR SALE

9 Spinnaker Ct Unit 5 Ocean City, NJ 08226

Estimated Value: $656,000 - $756,000

2 Beds
2.5 Baths
1,360 Sq Ft
$516/Sq Ft Est. Value

Last Sold November 14, 2014

Last sale price $260,000 $191 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $3,918/month

80 Days on Market

Highlights

  • Wood Burning Stove
  • Cathedral Ceiling
  • Central Air
  • Ocean City Primary School Rated A
  • End Unit
  • Ceiling Fan

About This Home

As of November 2014

Located in the beautiful sought after Ocean Reef neighborhood. Full of lush trees and landscaping with tons of birds. This end unit Townhouse is a perfect summer retreat, or year round home. The main floor living room has tons of natural light brought in by large sliding glass doors. Relax on the wrap around porches in the summer, or cozy up to the fireplace in the winter. This is a must see, well maintained, townhouse, snuggled up on the bay off of Tennessee Ave.

Last Agent to Sell the Property

Raymond Clark

Keller Williams Realty Jersey Shore-Ocean City Listed on: 06/19/2014

Keller Williams Realty Jersey Shore-Ocean City

Last Buyer's Agent

JACK ZABOROWSKI

eXp Realty - Ocean City S382K

eXp Realty - Ocean City S382K

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,885

Lot Details

  • End Unit

Home Design

  • Wood Siding
  • Cedar Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

Overview

  • Association fees include amenities, insurance, maintenance, management, trash
  • Ocean Reef Condos

Pet Policy

  • No Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,885

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Style: Townhouse
  • Number Of Levels In Unit: Two
  • Number Of Stories In Bldg: Two
  • Unit Location: End Unit
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Fireplace: Built-In, Living Room, Wood Burning
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Siding Exterior: Cedar, Stucco, Wood

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Electric
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Includes: Amenities, Insurance, Maintenance, Management, Trash
  • Condo Name: Ocean Reef
  • Management: On-Site Professionals

Rental Info

  • Pets: No Pets Allowed

Multi Family

  • Unit Features: Cathedral Ceiling(s), Fireplace(s), Wood Burning Stove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2014
Closed on
Nov 14, 2014
Sold by
Esposito Sandra L
Bought by
Rizzo George and Rizzo Barbara
Seller's Agent
Raymond Clark
Keller Williams Realty Jersey Shore-Ocean City
Buyer's Agent
JACK ZABOROWSKI
eXp Realty - Ocean City S382K
List Price
$260,000
Sold Price
$260,000
Current Estimated Value
$701,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,408
Avg. Annual Appreciation
9.49%
Original Mortgage
$208,000
Outstanding Balance
$160,096
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$541,312

Purchase Details

Closed on
May 2, 2008
Sold by
Mozzo Martin A and Martin A Mozzo Jr 2000 Trust
Bought by
Esposito Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 1998
Sold by
Verna Joseph R
Bought by
Mozza Martin A and Mozza Diane A
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
Rizzo George $260,000 Fidelity Natl Title Ins Co
Esposito Sandra L $350,000 None Available
Mozza Martin A $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rizzo George $208,000
Previous Owner Esposito Sandra L $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2014 11/14/14 Sold $260,000 0.0% $191 / Sq Ft
09/07/2014 09/07/14 Pending -- -- --
06/19/2014 06/19/14 For Sale $260,000 -- $191 / 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 $2,885 $257,100 $94,400 $162,700
2024 $2,885 $257,100 $94,400 $162,700
2023 $2,754 $257,100 $94,400 $162,700
2022 $2,646 $257,100 $94,400 $162,700
2021 $1,918 $257,100 $94,400 $162,700
2020 $2,514 $257,100 $94,400 $162,700
2019 $2,486 $257,100 $94,400 $162,700
2018 $2,463 $257,100 $94,400 $162,700
2017 $2,424 $257,100 $94,400 $162,700
2016 $2,332 $257,100 $94,400 $162,700
2015 $2,301 $257,100 $94,400 $162,700
2014 $2,124 $240,800 $94,400 $146,400
Source: Public Records

Agents Affiliated with this Home

  • Raymond Clark

    Seller's Agent in 2014

    Raymond Clark

    Keller Williams Realty Jersey Shore-Ocean City

    (609) 226-0267

    32 in this area

    35 Total Sales

    Raymond Clark
    Section Image
  • JACK ZABOROWSKI

    Buyer's Agent in 2014

    JACK ZABOROWSKI

    eXp Realty - Ocean City S382K

    (609) 602-7140

    25 in this area

    69 Total Sales

    JACK ZABOROWSKI
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 431102

South Jersey Shore Regional MLS

APN: 08-03350-0000-00015-0000-C61

New Jersey Cape May County Ocean City 08226

9 Spinnaker Ct Unit 5, Ocean City, NJ

This home is located at 9 Spinnaker Ct Unit 5, Ocean City, NJ 08226 since 19 June 2014 and is currently estimated at $701,408, approximately $515 per square foot. 9 Spinnaker Ct Unit 5 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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