NOT LISTED FOR SALE

Estimated Value: $4,248,149 - $4,662,000

5 Beds
4.5 Baths
3,300 Sq Ft
$1,334/Sq Ft Est. Value

Last Sold March 30, 2023

Last sale price $3,600,000 $1,091 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $25,961/month

141 Days on Market

Highlights

  • Ocean Front
  • Custom Home
  • Wood Flooring
  • In Ground Pool
  • Deck
  • No HOA

About This Home

As of March 2023

109 E Surf Ave is a stunning oceanfront home with a pool ready for immediate occupancy. This 5 bedroom, 4.5 bathroom home was built in 2016 to the highest standards and shows like new construction. The home offers top-of-the-line amenities, including Viking appliances, an elevator, trim upgrades throughout, an in-ground swimming pool, fire pit, private beach access, and MASSIVE decks to take advantage of the ocean views. Furniture (including the outdoor furniture) is negotiable so this is truly a turn-key beach house on LBI. While never a rental, this home would command a premium in rent.

Last Agent to Sell the Property

Nathan Colmer

Van Dyk Group License #0458229 Listed on: 09/18/2022

Last Buyer's Agent

Mindi Ridgway

Island Realty-BL License #8544073

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,819

Year Built

  • Built in 2016

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50 x 90
  • Ocean Front
  • Fenced

Parking

  • 1 Car Direct Access Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Custom Home
  • Contemporary Architecture
  • Reverse Style Home
  • Shingle Roof
  • Shingle Siding
  • Piling Construction

Interior Spaces

  • 3,300 Sq Ft Home
  • 3-Story Property
  • Elevator
  • Wet Bar
  • Built-In Features
  • Crown Molding
  • Recessed Lighting
  • Fireplace
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Pool

  • In Ground Pool
  • Outdoor Pool
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Adamsville Elementary School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 18-00014 06-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,819

Year Built

Built in 2016

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoPoolFeatures: In Ground, Salt Water
  • Subdivision Name: None
  • Architectural Style: Custom, Contemporary, Reverse Living
  • Reso Flooring: Wood
  • Reso Interior Features: Built-Ins, Dec Molding, Elevator, Sliding Door, Wet Bar, Recessed Lighting
  • Year Built: 2016
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • Interior Sliding Door: Yes
  • Water Type Oceanfront: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Exterior Swimming: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.1
  • General Property Info Lot Dimensions: 50 x 90
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • ExteriorDeck: Yes
  • Siding Shingle: Yes
  • ExteriorOutdoorShower: Yes
  • Exterior BBQ: Yes
  • PoolSaltWater: Yes
  • Basement Piling: Yes
  • Style Reverse Living: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Total Bedrooms: 10
  • Stories: 3
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Foyer: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Features Interior:Wet Bar: Yes
  • Features-Interior:Elevator: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.1
  • Waterfront Features: Oceanfront
  • Waterfront: Yes
  • Construction Type: Shingle Siding
  • Exterior Features: Balcony, BBQ, Deck, Fence, Outdoor Shower, Swimming, Lighting
  • Foundation Details: Piling
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Driveway, Off Street, Direct Access
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 50 x 90
  • Lot Size Sq Ft: 4356.0
  • Parcel #: 18-00014 06-00005

MLS Schools

  • Elementary School: Adamsville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2022
Closed on
Feb 18, 2023
Sold by
Sorin David J and Sorin Randi
Bought by
Laccarino Jonathan Michael and Laccarino Mary Alexis
Seller's Agent
Nathan Colmer
Van Dyk Group
Buyer's Agent
Mindi Ridgway
Island Realty-BL
List Price
$4,499,999
Sold Price
$3,600,000
Premium/Discount to List
-$899,999
-20%
Views
122
Current Estimated Value
$4,403,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$803,787
Avg. Annual Appreciation
8.72%
Original Mortgage
$2,880,000
Outstanding Balance
$2,539,857
Interest Rate
5.14%
Mortgage Type
New Conventional
Estimated Equity
$1,863,930

Purchase Details

Listed on
Jul 27, 2016
Closed on
Oct 5, 2016
Sold by
Kapnick Ira Jeffrey and Kapnick Beth
Bought by
Sorin David J and Sorin Randi
Seller's Agent
Nathan Colmer
The Van Dyk Group - Long Beach Island
Buyer's Agent
Pat Sepanak
Sand Dollar Real Estate
List Price
$2,999,999
Sold Price
$2,750,000
Premium/Discount to List
-$249,999
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.27%
Original Mortgage
$2,200,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2014
Sold by
Kapnick Ira Jeffrey and Kapnick Beth
Bought by
Kapnick Ira Jeffrey and Kapnick Beth

Purchase Details

Listed on
Dec 8, 2013
Closed on
Apr 22, 2014
Sold by
Metzger Robert and Metzger Judith
Bought by
Kapnick Ira Jeffrey and Kapnick Beth
Seller's Agent
Robert Pileggi
Van Dyk Group
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$905,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Original Mortgage
$724,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 16, 1999
Sold by
Kurilko Nicholas M and Kurilko Carol A
Bought by
Metzger Robert and Metzger Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,000
Interest Rate
6.92%
Source: Public Records

Range of Values:

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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
Laccarino Jonathan Michael $3,600,000 --
Sorin David J $2,750,000 --
Kapnick Ira Jeffrey -- None Available
Kapnick Ira Jeffrey $905,000 Westcor Land Title Ins Co
Metzger Robert $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laccarino Jonathan Michael $2,880,000
Previous Owner Sorin David J $2,053,500
Previous Owner Sorin David J $2,083,000
Previous Owner Sorin David J $2,200,000
Previous Owner Kapnick Ira Jeffrey $724,000
Previous Owner Metzger Robert $307,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2023 03/30/23 Sold $3,600,000 -10.0% $1,091 / Sq Ft
02/07/2023 02/07/23 Pending -- -- --
09/30/2022 09/30/22 Price Changed $3,999,999 -11.1% $1,212 / Sq Ft
09/18/2022 09/18/22 For Sale $4,499,999 +63.6% $1,364 / Sq Ft
10/20/2016 10/20/16 Sold $2,750,000 -8.3% $797 / Sq Ft
09/09/2016 09/09/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $2,999,999 +231.5% $870 / Sq Ft
04/22/2014 04/22/14 Sold $905,000 -- $586 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $25,819 $2,891,300 $1,453,500 $1,437,800
2024 $25,341 $2,891,300 $1,453,500 $1,437,800
2023 $23,769 $2,856,900 $1,453,500 $1,403,400
2022 $23,769 $2,856,900 $1,453,500 $1,403,400
2021 $22,776 $2,825,800 $1,453,500 $1,372,300
2020 $18,727 $1,884,000 $1,039,500 $844,500
2019 $18,897 $1,884,000 $1,039,500 $844,500
2018 $18,331 $1,884,000 $1,039,500 $844,500
2017 $10,166 $1,039,500 $1,039,500 $0
2016 $10,249 $1,039,500 $1,039,500 $0
2015 $10,862 $1,102,700 $1,039,500 $63,200
2014 $10,597 $1,102,700 $1,039,500 $63,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22229547

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 18-00014-06-00005