NOT LISTED FOR SALE

Estimated Value: $2,675,076 - $3,428,000

5 Beds
3.5 Baths
2,500 Sq Ft
$1,209/Sq Ft Est. Value

Last Sold October 12, 2013

Last sale price $1,140,000 $456 Per Sq Ft

Est. 165% increase in value since last sale

Current estimated payment $17,642/month

568 Days on Market

Highlights

  • Ocean View
  • Building is oceanfront but unit may not have water views
  • Deck
  • Spa
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of October 2013

Beautiful, contemporary beach house located one off the ocean with a roof top deck with gorgeous views of the ocean. This home features 5 bedrooms (possible 6 or use it as a work space) 3 1/2 baths. Owner made improvements throughout the house to accomadate the summer life style, as well as year round living. Outdated flooring has been replaced with natural wood, cork, slate and stone, making it easy cleaning with all the sandy feet. The kitchen was orginally designed as a kosher kitchen (has 2 separate farmers sinks) that is a blend of arts and crafts styling visable in the details of the Old Amish build cabinets and central stained glass windows. The granite central island is perfect for buffets and the open main floor plan can accomodate large crowds. Hand made french plumbing fixtures with hand carved granite farmers sink are another must see feature. There is Murano pendant lighting by the seated bar area which is perfect for a quick lunch or some computer time. Walk in from the o,utside shower right into a full bath. This is perfect for families with children and for coming right off the beach. Hot tub included in the fenced in back yard. Handmade furniture throughout the house is negotiable. This is a one of a kind must see home. PRESENT ALL OFFERS!

Last Agent to Sell the Property

Edward Freeman Sr

RE/MAX at Barnegat Bay - Ship Bottom License #0562673 Listed on: 09/22/2011

RE/MAX at Barnegat Bay - Ship Bottom

Last Buyer's Agent

Catherine Deely

RE/MAX at Barnegat Bay - Ship Bottom

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,243

Year Built

  • Built in 1984

Lot Details

  • Lot Dimensions are 50 x 100
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property
  • Sprinkler System
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Fiberglass Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 2,500 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Ocean Views
  • Home Security System

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Electric Oven or Range
  • Stove
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor

Flooring

  • Wood
  • Stone
  • Slate Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Deck
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • Building Security System

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 1000085000000012

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,243

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Refrigerator, Oven/Range - Electric, Built-In Microwave, Trash Compactor, Washer, Stove, Dishwasher, Oven - Wall, Cooktop
  • Flooring Type: Slate, Wood, Stone
  • Interior Amenities: Entry Level Bedroom, Kitchen - Island, Breakfast Area, Ceiling Fan(s), Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room Count: 13
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2500
  • Living Area Sq Ft: 2500
  • Price Per Sq Ft: 498.00
  • Above Grade Finished Sq Ft: 2500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Lawn Sprinkler, Outside Shower, Hot Tub, Bbq Grill
  • Roof: Fiberglass, Shingle
  • View: Water, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Total Garage And Parking Spaces: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Zoned, Central A/C
  • Heating Type: Baseboard - Electric, Zoned
  • Heating: Yes
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 380300.00
  • Land Assessed Value: 1050000.00
  • Lot Features: Trees/Wooded
  • Lot Dimensions: 50 x 100
  • Outdoor Living Structures: Deck(s)
  • Zoning: RES
  • Zoning Description: Res

Building Info

  • Building Features: Security System

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 12243.37
  • Assessor Parcel Number: 1000085000000012
  • Tax Lot: 12
  • Tax Year: 2010
  • Close Date: 10/12/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2011
Closed on
Oct 9, 2013
Sold by
Savoy Bank
Bought by
Soden George and Soden Patsy
Seller's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
Buyer's Agent
Catherine Deely
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$1,599,000
Sold Price
$1,140,000
Premium/Discount to List
-$459,000
-28.71%
Current Estimated Value
$3,023,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,883,019
Avg. Annual Appreciation
8.56%
Original Mortgage
$393,000
Outstanding Balance
$297,101
Interest Rate
4.58%
Mortgage Type
New Conventional
Estimated Equity
$2,725,919

Purchase Details

Closed on
Jan 28, 2013
Sold by
Savoy Bank
Bought by
11 East 85 Street Llc

Purchase Details

Closed on
Dec 17, 2012
Sold by
Sommeling William T
Bought by
Savoy Bank

Purchase Details

Closed on
Oct 19, 1995
Sold by
Kalafer Marvin
Bought by
Lippe Michael and Lippe Suzanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
7.6%
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
Soden George $1,140,000 First American Title Ins
11 East 85 Street Llc -- Madison Title Agency Llc
Savoy Bank -- None Available
Lippe Michael $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soden George $393,000
Previous Owner Lippe Michael S $250,000
Previous Owner Lippe Michael $600,000
Previous Owner Lippe Michael $500,000
Previous Owner Lippe Michael $525,000
Previous Owner Lippe Michael S $700,000
Previous Owner Lippe Michael S $200,000
Previous Owner Lippe Michael $500,000
Previous Owner Lippe Michael $336,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2013 10/12/13 Sold $1,140,000 -28.7% $456 / Sq Ft
04/12/2013 04/12/13 Pending -- -- --
09/22/2011 09/22/11 For Sale $1,599,000 -- $640 / Sq Ft
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 $14,427 $1,282,400 $1,050,000 $232,400
2024 $12,606 $1,282,400 $1,050,000 $232,400
2023 $12,401 $1,282,400 $1,050,000 $232,400
2022 $12,401 $1,282,400 $1,050,000 $232,400
2021 $12,055 $1,282,400 $1,050,000 $232,400
2020 $11,901 $1,282,400 $1,050,000 $232,400
2019 $11,747 $1,282,400 $1,050,000 $232,400
2018 $12,016 $1,282,400 $1,050,000 $232,400
2017 $12,234 $1,282,400 $1,050,000 $232,400
2016 $12,709 $1,282,400 $1,050,000 $232,400
2015 $14,148 $1,430,500 $1,050,000 $380,500
2014 $13,531 $1,430,300 $1,050,000 $380,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC259706

Bright MLS

APN: 10-00085-0000-00012