M
Seller's Agent in 2020
Matt Kulinski
G. Anderson Agency
(609) 276-2602
22 in this area
27 Total Sales
118 E Sailboat Ln Long Beach Township, NJ 08008
Long Beach Island NeighborhoodEstimated Value: $2,362,000 - $2,792,000
4
Beds
3
Baths
2,000
Sq Ft
$1,262/Sq Ft
Est. Value
Highlights
- Ocean View
- Water Oriented
- Gourmet Kitchen
- Primary bedroom faces the ocean
- Building is oceanfront but unit may not have water views
- Open Floorplan
About This Home
As of October 2020Come Sail Away to 118 Sailboat Drive. This lovely contemporary sits just one house off the Atlantic in Peahala Park. You will find a true tranquil retreat that is literally steps to the beach entrance. This home offers 4 bedrooms, 3 full baths, reverse living with a grand open floor plan and outstanding rental income. A list of just a few of the many upgrades you will find inside this gem: hardwood floors, quartz counter tops, comfort height vanities, custom shiplap woodwork, custom window treatments, rear custom paver patio with vinyl fencing for privacy and a custom outside shower with changing area. All of the hard work has been done and now is your time to enjoy it. The views from the living level and roof deck are picturesque and capture the most stunning views of LBI. The sunrises, sunsets and even a rainbow after a storm can be seen all from the comfort of your decks. The strong rental history is intact with repeat tenants for many years and a weekly rental rate of $7400. With many great establishments in walking or biking distance, you can start your vacation the minute you pull in the driveway. If you are looking for a taste of the good life on LBI, look no further, now is the time to make your appointment to see this home today!
Last Agent to Sell the Property
G. Anderson Agency License #0119748 Listed on: 07/24/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,566
Year Built
- Built in 2003 | Remodeled in 2020
Lot Details
- 3,600 Sq Ft Lot
- Lot Dimensions are 48.00 x 75.00
- Building is oceanfront but unit may not have water views
- Privacy Fence
- Vinyl Fence
- Extensive Hardscape
- Property is in excellent condition
- Property is zoned R50
Parking
- Off-Street Parking
Property Views
- Ocean
- Panoramic
Home Design
- Contemporary Architecture
- Poured Concrete
- Frame Construction
- Fiberglass Roof
- Asphalt Roof
- Piling Construction
Interior Spaces
- 2,000 Sq Ft Home
- Property has 3 Levels
- Open Floorplan
- Furnished
- Bar
- Crown Molding
- Wainscoting
- Ceiling Fan
- Gas Fireplace
- Double Hung Windows
- Dining Area
- Basement
- Garage Access
Kitchen
- Gourmet Kitchen
- Self-Cleaning Oven
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Instant Hot Water
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Main Level Bedrooms
- Primary bedroom faces the ocean
- En-Suite Bathroom
- 3 Full Bathrooms
Laundry
- Gas Dryer
- Washer
Outdoor Features
- Outdoor Shower
- Water Oriented
- Property is near an ocean
- Exterior Lighting
- Outdoor Grill
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Tankless Water Heater
- Natural Gas Water Heater
- Municipal Trash
- No Septic System
Additional Features
- Doors with lever handles
- Flood Risk
Community Details
- No Home Owners Association
- Peahala Park Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 00010
- Assessor Parcel Number 18-00012 21-00010
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2020
Closed on
Oct 7, 2020
Sold by
Freda Michael and Freda Nancy
Bought by
Schluter Stephen and Schluter Cynthia
Seller's Agent
Matt Kulinski
G. Anderson Agency
Buyer's Agent
Patrick Pietrefesa
BHHS Zack Shore REALTORS
List Price
$1,699,000
Sold Price
$1,699,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$825,391
Avg. Annual Appreciation
9.37%
Original Mortgage
$849,500
Outstanding Balance
$755,934
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,885,675
Purchase Details
Closed on
May 9, 2008
Sold by
Kastuar Satya P
Bought by
Freda Michael and Freda Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$945,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 8, 2002
Sold by
Irwin Gilbert
Bought by
Lubbe Steven and Lubbe Dianna
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schluter Stephen | $1,699,000 | Surety Title Company | |
| Schluter Stephen | $1,699,000 | Surety Title | |
| Freda Michael | $1,350,000 | Commonwealth Land Title Insu | |
| Lubbe Steven | $615,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schluter Stephen | $849,500 | |
| Closed | Schluter Stephen | $849,500 | |
| Previous Owner | Freda Michael C | $200,000 | |
| Previous Owner | Freda Michael | $729,000 | |
| Previous Owner | Freda Michael | $250,000 | |
| Previous Owner | Freda Michael | $100,000 | |
| Previous Owner | Freda Michael | $630,000 | |
| Previous Owner | Freda Michael | $945,000 | |
| Previous Owner | Kastuar Satya P | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2020 10/13/20 | Sold | $1,699,000 | 0.0% | $850 / Sq Ft |
| 09/02/2020 09/02/20 | Pending | -- | -- | -- |
| 07/24/2020 07/24/20 | For Sale | $1,699,000 | -- | $850 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $13,287 | $1,522,300 | $1,032,000 | $490,300 |
| 2024 | $13,198 | $1,487,900 | $1,032,000 | $455,900 |
| 2023 | $12,379 | $1,487,900 | $1,032,000 | $455,900 |
| 2022 | $12,379 | $1,487,900 | $1,032,000 | $455,900 |
| 2021 | $11,992 | $1,487,900 | $1,032,000 | $455,900 |
| 2020 | $11,462 | $1,153,100 | $758,400 | $394,700 |
| 2019 | $11,566 | $1,153,100 | $758,400 | $394,700 |
| 2018 | $11,220 | $1,153,100 | $758,400 | $394,700 |
| 2017 | $11,277 | $1,153,100 | $758,400 | $394,700 |
| 2016 | $11,370 | $1,153,100 | $758,400 | $394,700 |
| 2015 | $11,358 | $1,153,100 | $758,400 | $394,700 |
| 2014 | $11,081 | $1,153,100 | $758,400 | $394,700 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Kulinski
-
Heather Supchak
H
Seller Co-Listing Agent in 2020
Heather Supchak
G. Anderson Agency
(609) 492-1277
22 in this area
31 Total Sales
-
Patrick Pietrefesa
Buyer's Agent in 2020
Patrick Pietrefesa
BHHS Zack Shore REALTORS
(609) 312-1434
39 in this area
52 Total Sales
Map
Source: Bright MLS
MLS Number: NJOC400704
APN: 18-00012-21-00010
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 8800 Long Beach Blvd
- 9405 Beach Ave
- 8200 Beach Ave
- 120 E Massachusetts Ave
- 10 W Jerome Ave
- 30 W Muriel Ave
- 107 E Jeanette Ave
- 11 E Jeanette Ave
- 103 W Jeanette Ave
- 7301 Long Beach Blvd Unit C-12
- 7211 Ocean Blvd
- 26 Mea Ln
- 17 E North Carolina Ave
- 6601 Ocean Blvd
- 16 E Goldsborough Ave
- 6203 Long Beach Blvd
- 6107 Ocean Blvd
- 5909 Ocean Blvd
- 115 W Kimberly Ave
- 4 W Sumner Ave
- 114 E Sailboat Ln
- 115 E Sand Dune Ln (90th St)
- 122 Sailboat Ave
- 115 E Sand Dune Ln
- 112 E Sailboat Ln
- 121 E Sand Dune Ln (90th St)
- 121 E Sand Dune Ln
- 111 E Sand Dune Ln
- 117 E Sailboat Ln
- 113 E Sailboat Ln
- 122 E Sailboat Ln
- 108 E Sailboat Ln
- 123 E Sand Dune Ln
- 120 E Sailboat Ln
- 111 E Sailboat Ln
- 123 E Sailboat Ln
- 107 E Sand Dune Ln
- 103 E Sailboat Ln
- 121 E Sailboat Ln
- 104 E Sailboat Ln