NOT LISTED FOR SALE

Estimated Value: $1,128,000 - $1,763,000

0.09 Acre
$16,795,833 Price per Acre
3,847 Sq Ft Lot

Last Sold February 14, 2023

Last sale price $900,000

Est. 68% increase in value since last sale

Current estimated payment $8,437/month

20 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • No HOA
  • Level Lot

About This Lot

As of February 2023

A Rare Find - Oceanblock lot cleared and ready to build. Irregular lot size - 50 x78 x 50x75 - 3,847 sq ft - can accommodate apporximate footprint of 1,346. This is the lot to the east side of the parcel.
Sub-division was just granted for this lot so the assesment, taxes are not available yet. Listing shows figures for full lot prior to sub-division. Buyers responsible to pursue due diligence with the building/zoning department of Ship Bottom.

Last Agent to Sell the Property

Eileen Matson

(609) 709-9503 ematson@maryallen.com Mary Allen Realty, Inc. License #8635959 Listed on: 09/23/2022

Last Buyer's Agent

Edward Freeman Sr

(609) 661-5002 edwardfreeman@remax.net Freeman & Company Real Estate License #0562673

Freeman & Company Real Estate

Property Details

Property Type

  • Land

Lot Details

  • 3,847 Sq Ft Lot
  • Lot Dimensions are 50'x50x78x75
  • Building is oceanfront but unit may not have water views
  • No Through Street
  • Level Lot
  • Irregular Lot
  • Cleared Lot
  • Property is zoned R3

Location

  • Flood Zone Lot
  • Flood Risk

Schools

  • Long Beach Island Grade Elementary School

Utilities

  • Public Hookup Available For Sewer
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 18
  • Assessor Parcel Number 29-00020-00018

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 214.45

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Hook/Up Avail
  • Water Source: Public Hook-Up Available
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: LONG BEACH ISLAND GRADE SCHOOL

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Cleared, Irregular, Level, Flood Plain, No Thru Street
  • Lot Size Acres: 0.09
  • Lot Dimensions: 50'x50x78x75
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3847.00
  • Zoning: R3
  • Farmland Preservation: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3075614
  • Assessor Parcel Number: 29-00020-00018
  • Tax Lot: 18
  • Tax Year: 2021

MLS Schools

  • School District Name: LONG BEACH ISLAND SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2009
Sold by
Chaves Andrew and Chaves Areti
Bought by
Setaro Joseph B and Setaro Anna Hynes
Current Estimated Value
$1,511,625

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,850
Outstanding Balance
$336,027
Interest Rate
4.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,175,598

Purchase Details

Closed on
Oct 7, 2003
Sold by
Evans Stephen M
Bought by
Chaves Andrew and Chaves Areti

Purchase Details

Closed on
Jan 29, 1998
Sold by
Robinson Elizabeth C
Bought by
Evans Stephen M and Lopresti Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.95%
Source: Public Records
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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
Setaro Joseph B $683,500 First American Title Ins Co
Chaves Andrew $649,000 --
Evans Stephen M $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Setaro Joseph B $533,850
Previous Owner Evans Stephen M $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2023 02/14/23 Sold $900,000 +9.1% --
10/13/2022 10/13/22 Pending -- -- --
09/23/2022 09/23/22 For Sale $825,000 -- --
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 $7,334 $821,300 $684,000 $137,300
2024 $7,285 $821,300 $684,000 $137,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2013532

Bright MLS

APN: 18-00006-12-00003