NOT LISTED FOR SALE

107 Bay Ave Unit 9 Ocean City, NJ 08226

Estimated Value: $3,270,000

7 Beds
6.5 Baths
2,240 Sq Ft
$1,460/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $2,800,000 $1,250 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $20,950/month

47 Days on Market

Highlights

  • Water Views
  • Boat Slip
  • In Ground Pool
  • Ocean City Primary School Rated A
  • New Construction
  • Deck

About This Home

As of September 2023

$50,000 BUYERS CREDIT WITH A FULL PRICE OFFER! Gorgeous New CUSTOM Single Family Home to be Built right Across from the Beautiful OCNJ Bay! WATER RIGHTS for DOCK & BOAT SLIPS (130 feet of Dazzling Water Frontage-see draft design photo). Spectacular Open Bay VIEWS, This High-End Quality Build will feature: ELEVATOR, POOL, 7 Spacious Bedrooms, 6.5 Luxury Baths, (5 bedrooms with en-suite luxury baths), Super Suite Top Floor Master with Endless Bay Views, Powder Room, Den/Study, Spacious Great Room, Gourmet Kitchen w/ Upgraded Cabinetry, SS Appliances, Designer Tile Backsplash, High-end Granite/Quartz Countertops, Hardwood Flooring Everywhere, Beautiful Tiled Showers and Tile above Tub, Elevated Vanities w/Stunning Granite/Quartz Tops, Shower Doors, Tankless Hot Water, PVC decking, Metal Spindle Railings, Large Baseboard & Trim Throughout, Hose bibs on all decks, 7 Spacious Decks/Porches, 4 Car Parking (2 in Garage + 2 Outside), 3,533 Sq. feet of Living Space, Enclosed Outside Shower, 3 zone HVAC, and More! Great Location! Spectacular Single Family Home! Gorgeous Open Bay Views! Dock Approvals Included! See you on the Bay!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 06/08/2023

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

ZACHERY FEINSTEIN

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,639

Year Built

  • Built in 2023 | New Construction

Lot Details

  • Lot Dimensions are 40 x 115
  • Fenced

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Water Views
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Parking Pad
  • Automatic Garage Door Opener

Accessible Home Design

  • Handicap Accessible

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Boat Slip
  • Deck
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,639

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • Lvt Date: 06/08/2023
  • New Construction: Yes
  • Year Built: 2023
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Handicap Features, Kitchen Center Island, Smoke/Fire Alarm, Security System, Storage, Walk In Closet
  • Bedrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Dining Room, Great Room, Laundry/Utility Room

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Enclosed Outside Shower, Fenced Yard, Pool-In Ground, Porch, Paved Road, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Auto Door Opener, Attached Garage
  • Parking Exterior: Two Car, Parking Pad

Utilities

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

Lot Info

  • Location: Docks, Water View
  • Lot Dimensions: 40 x 115
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Sep 1, 2023
Sold by
V2 Properties Entity 7 Llc
Bought by
Rocchieno George V and Rocchieno Tracey L
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
ZACHERY FEINSTEIN
Compass New Jersey-Ocean City (O463E)
List Price
$2,999,900
Sold Price
$2,800,000
Premium/Discount to List
-$199,900
-6.66%
Views
55
Current Estimated Value
$3,270,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$470,000
Original Mortgage
$1,600,000
Outstanding Balance
$1,467,365
Interest Rate
6.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2022
Closed on
Sep 15, 2022
Sold by
Duncan Investments Llc
Bought by
V2 Properties Entity 7 Llc
Seller's Agent
John A. McCann
C A McCann and Sons, Inc
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$1,100,000
Sold Price
$1,049,999
Premium/Discount to List
-$50,001
-4.55%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
166.67%

Purchase Details

Listed on
Sep 2, 2021
Closed on
Dec 29, 2021
Sold by
Lynn Kay A
Bought by
Duncan Investments Llc
Seller's Agent
John A. McCann
C A McCann and Sons, Inc
Buyer's Agent
John A. McCann
C A McCann and Sons, Inc
List Price
$1,500,000
Sold Price
$1,600,000
Premium/Discount to List
$100,000
6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-46.67%

Purchase Details

Closed on
Aug 8, 2005
Sold by
Lynn Kay A and Siddons Carol
Bought by
Lynn Kay A and Siddons Carol
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
Rocchieno George V $2,800,000 Freedom Title
V2 Properties Entity 7 Llc $999,999 Freedom Title
Duncan Investments Llc $1,500,000 Dougherty Joseph R
Lynn Kay A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rocchieno George V $1,600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $2,800,000 -6.7% $1,250 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $2,999,900 +185.7% $1,339 / Sq Ft
09/02/2022 09/02/22 Sold $1,049,999 -4.5% $469 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $1,100,000 -31.3% $491 / Sq Ft
12/31/2021 12/31/21 Sold $1,600,000 +6.7% $714 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $1,500,000 -- $670 / 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
2022 $6,639 $645,200 $609,100 $36,100
2021 $4,813 $645,200 $609,100 $36,100
2020 $6,310 $645,200 $609,100 $36,100
2019 $6,239 $645,200 $609,100 $36,100
2018 $6,181 $645,200 $609,100 $36,100
2017 $6,084 $645,200 $609,100 $36,100
2016 $5,852 $645,200 $609,100 $36,100
2015 $5,775 $645,200 $609,100 $36,100
2014 $5,691 $645,200 $609,100 $36,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Contino

    Seller's Agent in 2023

    Michael Contino

    BHHS Fox & Roach

    (609) 335-9100

    368 in this area

    426 Total Sales

    Michael Contino
    Section Image

  • Z

    Buyer's Agent in 2023

    ZACHERY FEINSTEIN

    Compass New Jersey-Ocean City (O463E)

    (609) 442-4370

    70 in this area

    101 Total Sales

    ZACHERY FEINSTEIN
    Section Image
  • John A. McCann

    Seller's Agent in 2022

    John A. McCann

    C A McCann and Sons, Inc

    (609) 408-8106

    43 in this area

    148 Total Sales

    John A. McCann
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 574748

South Jersey Shore Regional MLS

APN: 08-00111-0000-00008

New Jersey Cape May County Ocean City 08226

107 Bay Ave Unit 9, Ocean City, NJ

This home is located at 107 Bay Ave Unit 9, Ocean City, NJ 08226 since 08 June 2023 and is currently priced at $3,270,000, approximately $1,459 per square foot. This property was built in 2023. 107 Bay Ave Unit 9 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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