NOT LISTED FOR SALE

1015 Bay Ave Ocean City, NJ 08226

Estimated Value: $1,498,000 - $2,173,000

5 Beds
4 Baths
910 Sq Ft
$1,965/Sq Ft Est. Value

Last Sold October 24, 2016

Last sale price $954,000 $1,048 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $10,413/month

158 Days on Market

Highlights

  • Newly Remodeled
  • Deck
  • Recreation Room
  • Ocean City Primary School Rated A
  • Multiple Fireplaces
  • Cathedral Ceiling

About This Home

As of October 2016

Another Masterpiece built by Ocean City Premier Builders. This spectacular new construction home Is a upside down floor plan with awesome views down Glen Cove lagoon to the Open Bay!This home features 5 bedrooms and 4 full baths, first floor family room with built in wet bar and fire place, 2nd floor great room with with gourmet kitchen, granite, tile backsplash, stainless steel appliance package, fireplace and bay views from almost every window. 4 full baths with custom tile and granite, Bamboo hardwood flooring throughout all rooms except the bedrooms, junior suite and HUGE master suite, 2 laundry areas, 4 decks total including 2 huge wrap around decks with great bay views, ample parking and a huge 2 car garage with cabana shower. 5 stop elevator and much more. There is also an additional 16'x35' parcel attached to this lot which could be additional parking or you could possibly add a pool! This house has it all and truly must be seen. And for the Boater there are slips available just steps away at the new multi million dollar 10th street wharf...Call today for an appointment.

Last Agent to Sell the Property

Peter Adams

Compass New Jersey-Ocean City (O463E) Listed on: 04/09/2016

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Dennis Mullen

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY License #0455118

GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,606

Year Built

  • Built in 2015 | Newly Remodeled

Lot Details

  • Fenced
  • Sprinkler System

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Recreation Room
  • Storage
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,606

Year Built

Built in 2015 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 0 To 1 Year
  • Lvt Date: 04/09/2016
  • New Construction: Yes
  • Year Built: 2015
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: More Than 1, Built-In, Family Room, Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Smoke/Fire Alarm, Storage, Walk In Closet
  • Bedrooms: 5
  • Bedroom 1: Size: 10'4x11, On Level: Lower
  • Bedroom 2: Size: 11'x10'6, On Level: Lower
  • Bedroom 3: Size: 12'8x13', On Level: Lower
  • Bedroom 4: Size: 11'x10'6', On Level: Upper
  • Bedroom 5: Size: 23'4x13', On Level: Upper
  • Full Bathrooms: 4
  • Bathroom 1 Level: Lower
  • Bathroom 2 Level: Lower
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space
  • Dining Room: Size: 9x12, On Level: Upper
  • Family Room: Size: 15'4x28, On Level: Lower
  • Kitchen: Size: 12x11, On Level: Upper
  • Living Room: Size: 15'4x16', On Level: Upper
  • Other Rooms: Dining Area, Eat In Kitchen, Great Room, Laundry/Utility Room, Primary Br On 1st Floor, Recreation/Family, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Combination, Insulated Glass

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Lot Dimensions: 40x115+
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2016
Closed on
Oct 25, 2016
Sold by
Ocbd Fenton Llc
Bought by
Begnaud Barbara
Seller's Agent
Peter Adams
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Dennis Mullen
GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY
List Price
$954,000
Sold Price
$954,000
Current Estimated Value
$1,788,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$834,438
Avg. Annual Appreciation
8.06%
Original Mortgage
$763,200
Outstanding Balance
$539,641
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$1,361,839

Purchase Details

Listed on
Mar 31, 2014
Closed on
Sep 26, 2014
Sold by
Cunningham Robert P and Cunningham Diana W
Bought by
Ocbd/Fenton Llc
Seller's Agent
Joan Farrel
MONIHAN REALTY-A
Buyer's Agent
EDWARD MAY JR
Keller Williams Realty Jersey Shore-Ocean City
List Price
$280,000
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
80.28%
Original Mortgage
$283,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2006
Sold by
Cunningham Diana Wasiluk and Wasiluk Peter
Bought by
Cunningham Robert P and Cunningham Diana W

Purchase Details

Closed on
Jan 4, 2005
Sold by
Wasiluk Peter and Wasiluk Maybelle
Bought by
Cunningham Diana Wasiluk and Wasiluk Peter
Source: Public Records

Range of Values:

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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
Begnaud Barbara $954,000 None Available
Ocbd/Fenton Llc $280,000 None Available
Cunningham Robert P $200,001 None Available
Cunningham Diana Wasiluk -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Begnaud Barbara $763,200
Previous Owner Ocbd/Fenton Llc $283,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2016 10/24/16 Sold $954,000 0.0% $1,048 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $954,000 +240.7% $1,048 / Sq Ft
09/26/2014 09/26/14 Sold $280,000 0.0% $308 / Sq Ft
09/02/2014 09/02/14 Pending -- -- --
03/31/2014 03/31/14 For Sale $280,000 -- $308 / 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 $10,606 $945,300 $285,200 $660,100
2024 $10,606 $945,300 $285,200 $660,100
2023 $10,124 $945,300 $285,200 $660,100
2022 $9,727 $945,300 $285,200 $660,100
2021 $7,052 $945,300 $285,200 $660,100
2020 $9,245 $945,300 $285,200 $660,100
2019 $9,141 $945,300 $285,200 $660,100
2018 $9,056 $945,300 $285,200 $660,100
2017 $8,914 $945,300 $285,200 $660,100
2016 $2,587 $285,200 $285,200 $0
2015 $2,553 $285,200 $285,200 $0
2014 $2,289 $259,500 $248,600 $10,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Adams

    Compass New Jersey-Ocean City (O463E)

    (609) 432-3634

    31 in this area

    53 Total Sales

    Peter Adams
    Section Image

  • D

    Buyer's Agent in 2016

    Dennis Mullen

    GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY

    (609) 602-0275

    1 in this area

    3 Total Sales

    Dennis Mullen
    Section Image
  • Joan Farrel

    Seller's Agent in 2014

    Joan Farrel

    MONIHAN REALTY-A

    (609) 517-7644

    15 in this area

    19 Total Sales

    Joan Farrel
    Section Image

  • E

    Buyer's Agent in 2014

    EDWARD MAY JR

    Keller Williams Realty Jersey Shore-Ocean City

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 466037

South Jersey Shore Regional MLS

APN: 08-01008-0000-00010

New Jersey Cape May County Ocean City 08226

1015 Bay Ave, Ocean City, NJ

This home is located at 1015 Bay Ave, Ocean City, NJ 08226 since 09 April 2016 and is currently estimated at $1,788,438, approximately $1,965 per square foot. This property was built in 2015. 1015 Bay Ave 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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