NOT LISTED FOR SALE

Estimated Value: $4,503,000 - $4,736,000

5 Beds
5 Baths
4,966 Sq Ft
$938/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $3,075,000 $619 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $26,273/month

125 Days on Market

Highlights

  • 62 Feet of Waterfront
  • Primary bedroom faces the ocean
  • Public Water Access
  • Ocean View
  • Sandy Beach
  • 24-Hour Security

About This Home

As of May 2021

Magnificent Brilliance emits the epitome of Victorian Bliss! An elegant non-reverse living Oceanfront home located in the much sought after southern end of Barnegat Light. Featuring 3 levels of living space, encompassing 4386 sq.ft. with 5 bedrooms, including a massive master suite, 3 full baths and 2 half baths, den/study & formal dining room. The regal marble entry foyer leads to the main living area offering a majestic gas fireplace with stately mantel & marble surround. The main living area offers an enormous gourmet kitchen with Corian counters, Granite topped center island and stainless steel appliances. Other noteworthy amenities include an oversized 2 car garage leading to a 3 stop elevator. The first level boasts a 1764 sq.ft. family/game room with wet bar & beverage refrigerator, just steps to a heated fiberglass pool, Azek deck & patio BBQ area. This level also has separate guest quarters with 2 bedrooms, a full bath and a cabana bath. Gross Potential Rental Income $275K for 10 weeks. A magical place filled with many resources & love. Call today to tour this wonderful Oceanfront retreat! Take the Tour! Click on the Video Tour Icon for 3 Tours of the home: Virtual Tour, Walk Thru Video Tour & the 3D Matterport Showcase Tour (User Friendly Interactive Measuring Tool).

Last Agent to Sell the Property

Andrea Newman

(609) 494-7000 acnewman58@gmail.com RE/MAX of Long Beach Island License #8834607 Listed on: 12/03/2020

Last Buyer's Agent

Andrea Newman

(609) 494-7000 acnewman58@gmail.com RE/MAX of Long Beach Island License #8834607 Listed on: 12/03/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,017

Year Built

  • Built in 2001

Lot Details

  • 6,562 Sq Ft Lot
  • Lot Dimensions are 62.50 x 105.00
  • 62 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • South Facing Home
  • Vinyl Fence
  • Stone Retaining Walls
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Front Yard
  • Property is in excellent condition
  • Property is zoned R-A

Parking

  • 2 Car Direct Access Garage
  • 4 Driveway Spaces
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Garage Door Opener
  • Brick Driveway
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Ocean
  • Panoramic

Home Design

  • Victorian Architecture
  • Pillar, Post or Pier Foundation
  • Block Foundation
  • Frame Construction
  • Architectural Shingle Roof
  • Fiberglass Roof
  • Shake Siding
  • Stone Siding
  • HardiePlank Type
  • Stick Built Home
  • Masonry
  • Cedar
  • Tile

Interior Spaces

  • Property has 3 Levels
  • 1 Elevator
  • Open Floorplan
  • Wet Bar
  • Furnished
  • Curved or Spiral Staircase
  • Built-In Features
  • Bar
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Recessed Lighting
  • Marble Fireplace
  • Fireplace Mantel
  • Gas Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Double Hung Windows
  • Stained Glass
  • Transom Windows
  • Sliding Windows
  • Window Screens
  • Sliding Doors
  • Six Panel Doors
  • Formal Dining Room
  • Den

Kitchen

  • Eat-In Gourmet Kitchen
  • Double Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Extra Refrigerator or Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Compactor

Flooring

  • Wood
  • Carpet
  • Stone
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • Primary bedroom faces the ocean
  • Main Floor Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on main level
  • Front Loading Dryer
  • ENERGY STAR Qualified Washer

Home Security

  • Home Security System
  • Exterior Cameras
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Elevator Installed
  • More Than Two Accessible Exits

Pool

  • Heated In Ground Pool
  • Fence Around Pool
  • Outdoor Shower

Outdoor Features

  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Roof Mounted Cooling System
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Programmable Thermostat
  • Underground Utilities
  • High-Efficiency Water Heater
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • Energy-Efficient Windows
  • Flood Risk

Listing and Financial Details

  • Tax Lot 00016
  • Assessor Parcel Number 02-00055-00016

Community Details

Overview

  • No Home Owners Association
  • Built by Thomas Keller
  • Barnegat Light Subdivision

Recreation

  • Fishing Allowed

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,017

Year Built

Built in 2001

Lot Details

6,562 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Victorian
  • Accessibility Features: 2+ Access Exits, Elevator
  • Ownership: Fee Simple
  • Exclusions: Personal Items, Some Furnishings & Some Artwork
  • Home Warranty: No
  • Inclusions: Fully Furnished Per Inventory
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2001
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Dryer - Front Loading, Energy Star Clothes Washer, Exhaust Fan, Extra Refrigerator/Freezer, Icemaker, Oven - Double, Range Hood, Refrigerator, Stainless Steel Appliances, Washer - Front Loading, Water Heater - High-Efficiency, Compactor
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Marble, Stone
  • Interior Amenities: Bar, Built-Ins, Carpet, Crown Moldings, Dining Area, Elevator, Entry Level Bedroom, Formal/Separate Dining Room, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Kitchen - Table Space, Primary Bedroom - Ocean Front, Recessed Lighting, Soaking Tub, Spiral Staircase, Sprinkler System, Stain/Lead Glass, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wet/Dry Bar, Window Treatments, Wood Floors, Primary Bath(s)
  • Window Features: Double Hung, Double Pane, Energy Efficient, Insulated, Screens, Sliding, Transom
  • Fireplace Features: Gas/Propane, Mantel(s), Marble
  • Fireplace: Yes
  • Door Features: Six Panel, Sliding Glass
  • Elevators Count: 1
  • Wall Ceiling Types: 2 Story Ceilings, 9'+ Ceilings, Cathedral Ceilings, Dry Wall, Tray Ceilings
  • Foundation Details: Block, Pillar/Post/Pier
  • Levels Count: 3
  • Room List: Den
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 4966
  • Living Area Sq Ft: 4966
  • Price Per Sq Ft: 1061.52
  • Above Grade Finished Sq Ft: 3202
  • Below Grade Finished Sq Ft: 1764
  • Total Below Grade Sq Ft: 1764
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 2
  • Total Bathrooms: 5
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 2.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Block, Cedar, Concrete, Frame, Hardiplank Type, Masonry, Shake Siding, Stick Built, Stone, Tile
  • Exterior Features: Bbq Grill, Extensive Hardscape, Exterior Lighting, Outside Shower, Stone Retaining Walls, Underground Lawn Sprinkler
  • Pool Features: Fenced, Heated, In Ground
  • Roof: Architectural Shingle, Fiberglass
  • View: Ocean, Panoramic
  • Water Access Features: Fishing Allowed, Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Water View: Yes
  • Water Frontage In Feet: 62

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Brick Driveway
  • Garage Features: Additional Storage Area, Built In, Garage - Front Entry, Garage Door Opener, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Driveway, Off Street, On Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat, Roof Mounted, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Programmable Thermostat, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: 24 Hour Security, Carbon Monoxide Detector(s), Exterior Cameras, Security System, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Under Ground
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Fencing: Vinyl
  • Improvement Assessed Value: 747800.00
  • Land Assessed Value: 1911900.00
  • Lot Features: Corner, Front Yard, Landscaping, Level, Premium
  • Lot Size Acres: 0.15
  • Lot Dimensions: 62.50 x 105.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6562.00
  • Outdoor Living Structures: Deck(s), Patio(s), Roof
  • Property Condition: Excellent
  • Soil Types: Sandy
  • Zoning: R-A
  • Zoning Description: Residential

Building Info

  • Builder Name: Thomas Keller

Rental Info

  • Furnished: Yes
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: AO
  • Waterfront Features: Sandy Beach

Tax Info

  • Assessor Parcel Number: 2826806
  • Tax Annual Amount: 24017.00
  • Assessor Parcel Number: 02-00055-00016
  • Tax Lot: 00016
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2020
Closed on
May 12, 2021
Sold by
Gulotta Michael J and Jayroe Elaine
Bought by
Engel Craig and Engel Mary Ellen
Seller's Agent
Andrea Newman
RE/MAX of Long Beach Island
Buyer's Agent
Andrea Newman
RE/MAX of Long Beach Island
List Price
$3,999,999
Sold Price
$3,075,000
Premium/Discount to List
-$924,999
-23.12%
Current Estimated Value
$4,658,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,583,325
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
Jul 31, 2019
Sold by
Gulotta Michael J and Michael J Gulotta Qualified Pe
Bought by
Gulotta Michael J and Jayroe Elaine

Purchase Details

Closed on
Sep 28, 2014
Sold by
Mathews Verner B
Bought by
Verner B Mathews Living Trust and Mathews Christine

Purchase Details

Closed on
Jul 30, 2002

Purchase Details

Closed on
Oct 8, 1998
Sold by
Doughty W Stockton
Bought by
Gulotta Michael and Gulotta Madeline M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.8%
Source: Public Records
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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
Engel Craig $3,075,000 University Title Ins Agcy
Engel Craig $3,075,000 University Title
Gulotta Michael J -- None Available
Verner B Mathews Living Trust -- None Available
-- -- --
Gulotta Michael $495,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gulotta Michael $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $3,075,000 -9.5% $619 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
03/09/2021 03/09/21 Price Changed $3,399,000 -2.9% $684 / Sq Ft
03/05/2021 03/05/21 Price Changed $3,499,000 -2.8% $705 / Sq Ft
02/05/2021 02/05/21 Price Changed $3,599,000 -10.0% $725 / Sq Ft
12/03/2020 12/03/20 For Sale $3,999,999 -- $805 / Sq Ft
Source: Bright MLS

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 $27,317 $2,710,000 $1,911,900 $798,100
2024 $26,613 $2,710,000 $1,911,900 $798,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC405732

Bright MLS

APN: 02-00055-0000-00016

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