NOT LISTED FOR SALE

11 Caroline Ln Ocean City, NJ 08226

Estimated Value: $3,186,000 - $3,676,000

5 Beds
6.5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold September 27, 2023

Last sale price $4,200,000

Est. 18% decrease in value since last sale

Current estimated payment $19,838/month

30 Days on Market

Highlights

  • Water Views
  • Boat Slip
  • Home fronts a lagoon or estuary
  • Ocean City Primary School Rated A
  • In Ground Pool
  • Deck

About This Home

As of September 2023

Sweet Caroline...A RARE opportunity is now available in the island's most desirable Waterfront neighborhood! This high-end, outstanding, well-designed home is flawless & features many sought after Island home amenities. As you drive down Caroline Lane & pull into the all paver'd driveway, take note of the beautiful landscaping & subtle nautical influences of this waterfront design. Upon entering the home via the extra tall & beautiful front door, feast your eyes on all the custom trimmed walls, ceilings & baseboards, NO expense was spared! The foyer offers ez-access to all areas of the home via hallway, elevator & or staircase. The 1st level features a full BR & BA, full laundry room, half bath which is adjacent to a side-patio & stairs (key after a Beach/Boating day & provides immediate cleanup/clothes drop before entering the main living area), BEAUTIFUL Eat-In Kitchen, well-lit waterside dining & living room's w/F-Place, plus a built-in workstation/office area. The 1st level also offers convenient access to the sparkling waterside Heated pool that is paired w/a large & maintenance-free composite lagoon front deck, floating dock & deep-water boat slip. Let's not forget the immaculate & roomy garage with epoxy flooring, storage & access to the ELEVATOR. The 2nd level offers more exquisite finishes & refinements including: ELEVATOR, 4 spacious BR's (each w/Bath) hilted by AN amazing Master BR that boast's a private deck overlooking the pool & lagoon as well a gorgeous steam shower in the master BA, a (Youngn's) BR which feat's 2 very cool custom Built-in Trundle Bed's & 2 other large BR'S w/Full BA's. The spacious & amazing upper level offers an an incredible media room w/movie theater style seating a full service wet-bar, full bath, an additional onus room & huge waterfront deck w/spectacular view. Convenience is key! This home offers all the Bells & whistles including; House Alarm system, built in multi-zone Sonos speaker system & Lutron smart home technology with smartphone-control both the lighting & HVAC remotely. This Beautiful home has been meticulously cared for since day one, tastefully furnished, neutrally decorated & will be included with the sale of the home.

Last Agent to Sell the Property

Kevin Decosta

BHHS FOX and ROACH-109 34th OC Listed on: 06/02/2023

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

RONALD C GIFFORD JR.

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,195

Year Built

  • Built in 2015

Lot Details

  • Lot Dimensions are 50x100
  • Home fronts a lagoon or estuary
  • Sprinkler System

Parking

  • 1.5 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Den
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens
  • Carbon Monoxide Detectors

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Boat Slip
  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,195

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 6 To 10 Years
  • Also Includes: Furnished
  • Lvt Date: 06/02/2023
  • Year Built: 2015
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Den/Tv Room, Eat In Kitchen, Storage Attic

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Outside Shower, Patio, Pool-In Ground, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Garage: One And Half Car
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Lagoon Front, Water View
  • Lot Dimensions: 50x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Sep 27, 2023
Sold by
James Palmieri Real Estate Llc
Bought by
Ennis Edward and Ennls Barbara
Seller's Agent
Kevin Decosta
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
List Price
$4,899,000
Sold Price
$4,200,000
Premium/Discount to List
-$699,000
-14.27%
Views
222
Current Estimated Value
$3,450,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$749,910
Avg. Annual Appreciation
-9.02%
Original Mortgage
$2,940,000
Outstanding Balance
$2,880,284
Interest Rate
7.19%
Estimated Equity
$569,806

Purchase Details

Closed on
Jul 11, 2023
Sold by
James Vincent Palmieri Revocable Trust and Annmarie Palmieri Revocable Trust
Bought by
James Palmieri Real Estate Llc

Purchase Details

Closed on
Apr 7, 2017
Sold by
Palmieri James and Palmieri Annmarie
Bought by
Palmieri James Vincent and Palmieri Annmarie

Purchase Details

Listed on
Aug 29, 2013
Closed on
Apr 30, 2014
Sold by
Deangelo Carol A
Bought by
Plamieri James and Palmieri Annmarie
Seller's Agent
ROBERT LAWRENCE
MARR AGENCY
Buyer's Agent
JOHN VAN STONE
BERGER REALTY-Main
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.97%

Purchase Details

Closed on
Oct 10, 1980
Bought by
Deangelo Domenick J and Deangelo Carol 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
Ennis Edward $4,200,000 Freedom Title
James Palmieri Real Estate Llc -- None Listed On Document
Palmieri James Vincent -- None Available
Plamieri James $850,000 Freedom Title & Abstract Com
Deangelo Domenick J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ennis Edward $2,940,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2023 09/27/23 Sold $4,200,000 -8.7% --
07/02/2023 07/02/23 Pending -- -- --
06/30/2023 06/30/23 Price Changed $4,599,000 -2.1% --
06/21/2023 06/21/23 Price Changed $4,699,000 -4.1% --
06/02/2023 06/02/23 For Sale $4,899,000 +476.4% --
04/30/2014 04/30/14 Sold $850,000 0.0% -- View Prior Sale
04/10/2014 04/10/14 Pending -- -- --
08/29/2013 08/29/13 For Sale $850,000 -- --
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 $19,195 $1,710,800 $720,000 $990,800
2024 $19,195 $1,710,800 $720,000 $990,800
2023 $18,323 $1,710,800 $720,000 $990,800
2022 $17,604 $1,710,800 $720,000 $990,800
2021 $12,763 $1,710,800 $720,000 $990,800
2020 $16,732 $1,710,800 $720,000 $990,800
2019 $16,543 $1,710,800 $720,000 $990,800
2018 $16,389 $1,710,800 $720,000 $990,800
2017 $16,133 $1,710,800 $720,000 $990,800
2016 $15,517 $1,710,800 $720,000 $990,800
2015 $15,312 $730,800 $720,000 $10,800
2014 $7,956 $902,000 $720,000 $182,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 574591

South Jersey Shore Regional MLS

APN: 08-02212-0000-00017