NOT LISTED FOR SALE

Estimated Value: $4,468,000 - $5,895,000

5 Beds
7 Baths
6,000 Sq Ft
$825/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $3,200,000 $533 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $28,898/month

Highlights

  • 252 Feet of Waterfront
  • Access to Tidal Water
  • 0.46 Acre Lot
  • Ocean View
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of September 2019

Magnificent contemporary home on an oversized bayfront site with 248' of bay frontage and expansive views! Some of the many impressive design features include a three story atrium style entry foyer, dramatic two story living room with fireplace, bridge style walkway to the private master suite, and floor to ceiling glass to soak in the bay and sunsets views. 5 bedrooms (all en suite); 5 full baths; 2 half baths; chef's kitchen with Siematic cabinetry, two SubZero refrigerators, walk in pantry, wrap around center island with banquette, and TV/sitting room; private dining room; billiards room; huge master suite with skylight topped sleeping area, sitting area, office, luxurious bath, large walk in closet, and workout space. Outdoor features include large free form heated in ground pool with waterfall cascading from the upper deck; cabana with wet bar, beverage cooler and ice maker; vinyl bulkhead; brick paved driveway; landscape irrigation; landscape lighting. A substantial home & site!

Last Agent to Sell the Property

Benee Scola

(609) 494-0077 benee@beneescola.com Benee Scola & Company, Realtors License #8736858 Listed on: 06/20/2019

Last Buyer's Agent

Benee Scola

(609) 494-0077 benee@beneescola.com Benee Scola & Company, Realtors License #8736858 Listed on: 06/20/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $32,439

Year Built

  • Built in 1995

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 104x255
  • 252 Feet of Waterfront
  • Home fronts navigable water
  • Property Fronts a Bay or Harbor
  • Vinyl Fence
  • Sprinkler System
  • 1.07
  • Property is zoned R10, R10

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Ocean
  • Bay

Home Design

  • Contemporary Architecture
  • Fiberglass Roof
  • Piling Construction
  • Stucco

Interior Spaces

  • 6,000 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Partially Furnished
  • Two Story Ceilings
  • Ceiling Fan
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Transom Windows
  • Casement Windows
  • Double Door Entry
  • Home Security System

Kitchen

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

Flooring

  • Wall to Wall Carpet
  • Stone
  • Marble
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a bay
  • Riparian Grant
  • Bulkhead
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Location

  • Flood Risk

Utilities

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

Listing and Financial Details

  • Tax Lot 1.06
  • Assessor Parcel Number 18-00020-144-00001-06

Community Details

Overview

  • No Home Owners Association
  • Loveladies Subdivision

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$32,439

Year Built

Built in 1995

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1995
  • Remarks Public: Magnificent contemporary home on an oversized bayfront site with 248' of bay frontage and expansive views! Some of the many impressive design features include a three story atrium style entry foyer, dramatic two story living room with fireplace, bridge style walkway to the private master suite, and floor to ceiling glass to soak in the bay and sunsets views. 5 bedrooms (all en suite); 5 full baths; 2 half baths; chef's kitchen with Siematic cabinetry, two SubZero refrigerators, walk in pantry, wrap around center island with banquette, and TV/sitting room; private dining room; billiards room; huge master suite with skylight topped sleeping area, sitting area, office, luxurious bath, large walk in closet, and workout space. Outdoor features include large free form heated in ground pool with waterfall cascading from the upper deck; cabana with wet bar, beverage cooler and ice maker; vinyl bulkhead; brick paved driveway; landscape irrigation; landscape lighting. A substantial home & site!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Oven/Range - Gas, Built-In Microwave, Refrigerator, Trash Compactor, Oven - Wall, Washer
  • Flooring Type: Stone, Marble, Tile/Brick, Fully Carpeted
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Breakfast Area, Ceiling Fan(s), Whirlpool/Hottub, Kitchen - Island, Floor Plan - Open, Pantry, Recessed Lighting, Wet/Dry Bar, Primary Bath(s), Soaking Tub, Walk-In Closet(s)
  • Window Features: Skylights, Casement, Insulated, Transom
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Double Entry
  • Wall Ceiling Types: 2 Story Ceilings
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Room Count: 19
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 6000
  • Living Area Sq Ft: 6000
  • Price Per Sq Ft: 665.83
  • Above Grade Finished Sq Ft: 6000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 148-F

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 1
  • All Lower Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 3
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 3.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Exterior Features: Bbq Grill, Exterior Lighting, Outside Shower, Lawn Sprinkler
  • Pool Features: Gunite, Heated, In Ground
  • Roof: Fiberglass
  • View: Water, Bay, Ocean
  • Water Access: Yes
  • Water Body Type: Bay
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 252

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 Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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

  • Additional Parcels: Yes
  • Additional Parcels Description: 1.07
  • Fencing: Vinyl
  • Improvement Assessed Value: 1070400.00
  • Land Assessed Value: 2263500.00
  • Lot Features: Bulkheaded
  • Lot Size Acres: 0.46
  • Lot Dimensions: 104x255
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20000.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Zoning: R10
  • Zoning Description: R10

Building Info

  • Building Features: Security System

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3027297
  • Tax Annual Amount: 32439.00
  • Assessor Parcel Number: 18-00020-144-00001-06
  • Tax Lot: 1.06
  • Tax Year: 2018
  • Close Date: 09/30/2019

Multi Family

  • Waterfront Features: Riparian Grant

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Sep 13, 2019
Sold by
Hill Vernon W and Hill Shirley
Bought by
Covert Kevin M and Covert Amy
Seller's Agent
Benee Scola
Benee Scola & Company, Realtors
Buyer's Agent
Benee Scola
Benee Scola & Company, Realtors
List Price
$3,995,000
Sold Price
$3,200,000
Premium/Discount to List
-$795,000
-19.9%
Current Estimated Value
$4,951,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,751,391
Avg. Annual Appreciation
7.52%
Original Mortgage
$2,240,000
Outstanding Balance
$1,958,018
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$2,993,373

Purchase Details

Closed on
Jun 21, 1994
Sold by
Commerce Bank
Bought by
Hill Vernon W and Hill Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
8.51%
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
Covert Kevin M $3,200,000 University Title Ins Agcy
Hill Vernon W $420,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covert Kevin M $2,240,000
Previous Owner Hill Vernon W $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2019 09/30/19 Sold $3,200,000 -19.9% $533 / Sq Ft
08/23/2019 08/23/19 Pending -- -- --
06/20/2019 06/20/19 For Sale $3,995,000 -- $666 / 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 $31,764 $3,557,000 $2,426,000 $1,131,000
2024 $31,475 $3,557,000 $2,426,000 $1,131,000
2023 $29,524 $3,548,500 $2,426,000 $1,122,500
2022 $29,524 $3,548,500 $2,426,000 $1,122,500
2021 $28,601 $3,548,500 $2,426,000 $1,122,500
2020 $33,073 $3,327,300 $2,263,500 $1,063,800
2019 $33,439 $3,333,900 $2,263,500 $1,070,400
2018 $32,439 $3,333,900 $2,263,500 $1,070,400
2017 $32,606 $3,333,900 $2,263,500 $1,070,400
2016 $32,872 $3,333,900 $2,263,500 $1,070,400
2015 $32,839 $3,333,900 $2,263,500 $1,070,400
2014 $32,039 $3,333,900 $2,263,500 $1,070,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC139994

Bright MLS

APN: 18-00020-144-00001-06