NOT LISTED FOR SALE

Estimated Value: $2,437,818 - $3,287,000

4 Beds
3.5 Baths
2,862 Sq Ft
$1,000/Sq Ft Est. Value

Last Sold March 07, 2014

Last sale price $1,200,000 $419 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $16,871/month

Highlights

  • 1 Boat Dock
  • 0.3 Acre Lot
  • Deck
  • Bay View
  • Open Floorplan
  • Property fronts the bay but unit may not have water views

About This Home

As of March 2014

Influenced by the Florida shore style this custom built beach house nestled amongst its mature landscape is waiting to become the perfect LBI retreat for your family. The living, kitchen, dining, generous master bedroom with full bath, powder room and spacious screened deck occupies the top floor of the reverse living floor plan and provides sunset bay views. The first floor consists of 3 bedrooms, 2 full baths, completed by a large family area with wet bar and inviting wrap around porch. Take advantage of the 2-car garage to store bikes, boat and beach gear. At lanes end awaits your deeded boat slip offering enjoyment of many aquatic activity options. You also have quick and easy access to the sand and surf of the ocean beach with deeded access across the Boulevard at tract 133/135. A great opportunity to appreciate both bay and ocean.

Last Agent to Sell the Property

Dennis O'Brien

(561) 400-0816 lbidennis@comcast.net RE/MAX of Long Beach Island License #9913735 Listed on: 04/14/2013

Last Buyer's Agent

Nancy Spark

(609) 709-5060 nancygspark@gmail.com RE/MAX of Long Beach Island License #8336566

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,326

Year Built

  • Built in 1998

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 125 x 105
  • Property fronts the bay but unit may not have water views
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level
  • Wooded Lot
  • Property is zoned R10, R10

HOA Fees

  • $700 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Reverse Style Home
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,862 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Hung Windows
  • Window Screens
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room
  • Bay Views

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • 1 Boat Dock
  • Private Dock
  • Deck
  • Screened Patio

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Utilities

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

Community Details

  • Bay Cove HOA
  • Loveladies Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 18-00020-0128-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,326

Year Built

Built in 1998

Lot Details

0

HOA Fees

$700 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Reverse
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1998
  • Remarks Public: Influenced by the Florida shore style this custom built beach house nestled amongst its mature landscape is waiting to become the perfect LBI retreat for your family. The living, kitchen, dining, generous master bedroom with full bath, powder room and spacious screened deck occupies the top floor of the reverse living floor plan and provides sunset bay views. The first floor consists of 3 bedrooms, 2 full baths, completed by a large family area with wet bar and inviting wrap around porch. Take advantage of the 2-car garage to store bikes, boat and beach gear. At lanes end awaits your deeded boat slip offering enjoyment of many aquatic activity options. You also have quick and easy access to the sand and surf of the ocean beach with deeded access across the Boulevard at tract 133/135. A great opportunity to appreciate both bay and ocean.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Gas, Washer, Stove, Dishwasher, Built-In Microwave, Oven - Self Cleaning, Dryer, Refrigerator
  • Flooring Type: Ceramic Tile, Wood
  • Interior Amenities: Window Treatments, Floor Plan - Open, Ceiling Fan(s), Breakfast Area, Recessed Lighting, Walk-In Closet(s), Primary Bath(s), Stall Shower
  • Window Features: Screens, Double Hung
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Family Room, Laundry, Additional Bedroom
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2862
  • Living Area Sq Ft: 2862
  • Price Per Sq Ft: 453.88
  • Above Grade Finished Sq Ft: 2862
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 132C

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • View: Water, Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 700.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Name: BAY COVE
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REGIONAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 543200.00
  • Land Assessed Value: 682500.00
  • Land Lease: No
  • Lot Features: Level, Trees/Wooded
  • Lot Size Acres: 0.30
  • Lot Dimensions: 125 X 105
  • Outdoor Living Structures: Deck(s), Screened
  • Topography: Level
  • Zoning: R10
  • Zoning Description: R10

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 11326.00
  • Assessor Parcel Number: 18-00020-0128-00003
  • Tax Lot: 3
  • Tax Year: 2013
  • Close Date: 03/07/2014

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2013
Closed on
Mar 1, 2014
Sold by
Marino James J and Marino Patricia H
Bought by
Gallagher James and Gallagher Susan
Seller's Agent
Dennis O'Brien
RE/MAX of Long Beach Island
Buyer's Agent
Nancy Spark
RE/MAX of Long Beach Island
List Price
$1,299,000
Sold Price
$1,200,000
Premium/Discount to List
-$99,000
-7.62%
Current Estimated Value
$2,860,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,660,705
Avg. Annual Appreciation
7.77%
Original Mortgage
$72,000
Outstanding Balance
$48,750
Interest Rate
1.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,811,955

Purchase Details

Closed on
Oct 7, 1998
Sold by
Rampulla Philip and Rampulla Josephine
Bought by
Marino James J and Marino Patricia H

Purchase Details

Closed on
Feb 9, 1996
Sold by
Halperin William
Bought by
Rampulla Philip and Rampulla Josephine
Source: Public Records

Range of Values:

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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
Gallagher James $1,200,000 None Available
Marino James J $295,000 --
Rampulla Philip $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallagher James $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2014 03/07/14 Sold $1,200,000 -7.6% $419 / Sq Ft
01/17/2014 01/17/14 Pending -- -- --
04/14/2013 04/14/13 For Sale $1,299,000 -- $454 / 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 $12,051 $1,349,500 $730,000 $619,500
2024 $11,970 $1,349,500 $730,000 $619,500
2023 $11,228 $1,349,500 $730,000 $619,500
2022 $11,228 $1,349,500 $730,000 $619,500
2021 $10,877 $1,349,500 $730,000 $619,500
2020 $12,300 $1,237,400 $682,500 $554,900
2019 $12,411 $1,237,400 $682,500 $554,900
2018 $12,040 $1,237,400 $682,500 $554,900
2017 $12,102 $1,237,400 $682,500 $554,900
2016 $12,201 $1,237,400 $682,500 $554,900
2015 $12,188 $1,237,400 $682,500 $554,900
2014 $11,779 $1,225,700 $682,500 $543,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC242806

Bright MLS

APN: 18-00020-128-00003