NOT LISTED FOR SALE

161 88th St Stone Harbor, NJ 08247

Estimated Value: $3,874,769 - $4,979,000

4 Beds
4 Baths
2,700 Sq Ft
$1,599/Sq Ft Est. Value

Last Sold August 17, 2015

Last sale price $1,875,000 $694 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $25,235/month

76 Days on Market

Highlights

  • Water Views
  • Property is near a beach
  • Deck
  • Stone Harbor Elementary School Rated A
  • Island Location
  • Cathedral Ceiling

About This Home

As of August 2015

Exceptional living on this quiet north-end street just six homes to beach and a short stroll or bike ride downtown. This 2700 sqft David Sanchirico custom built upsidedown home is immaculately maintained with casual furnishings and professional decor. Featuring four bright bedrooms, four ceramic baths (two en suites), hardwood flooring throughout living areas and staircase, central vacuum, maintenance free exterior and decks, Barber professional landscaping, sprinkler, paver framed driveway, fenced yard, detached storage building and enclosed outside shower. First floor features: 9' ceilings, Family room with wet bar, wine fridge, flat panel TV, surround sound and patio door leading to covered porch, Junior en suite, two additional generous bedrooms, ceramic hall bath, laundry room and additional storage. Second floor: Open living area with soaring ceilings and lots of light, gas fireplace with heating vents, flat panel TV, surround sound, Gourmet kitchen, top of the line appliances, large walk-in pantry, granite countertops & tumbled marble backsplash. Large Master suite with walk in closet, Master bath with dual sinks, linen closet, huge tiled shower with multiple body sprays, Andersen French patio doors fiberglass decks front and rear. In-line gas grille. Offered mostly furnished with custom window treatments. Never, ever a rental before this 2015 season. Rental income potential of $70,000. Take advantage of this charming seashore treasure for personal use or as an investment property. Sale is subject to seller finding suitable housing which has been identified.

Last Agent to Sell the Property

Paul Hughes

RE/MAX SURFSIDE License #8737690 Listed on: 05/03/2015

RE/MAX SURFSIDE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,040

Lot Details

  • Fenced Yard
  • Sprinkler System
  • Cleared Lot

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • 2,700 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Living Room
  • Dining Area
  • Storage
  • Water Views
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Stove
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • 3 Car Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Property is near a beach
  • Property near a bay
  • Deck
  • Enclosed patio or porch
  • Outdoor Storage
  • Outdoor Grill

Location

  • Island Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 48 / 88.02

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,040

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Location: Cleared Lot, Island, Water View
  • District Township: 10-Stone Harbor
  • Near: 6th home from beach
  • Also Includes: Drapes, Curtains, Shades, Blinds, Furniture
  • Bay Proximity: 3 Blocks
  • Beach Proximity: 1 Block
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances Included: Range, Oven, Self-Clean Oven, Microwave Oven, Refrigerator, Washer, Dryer, Dishwasher, Disposal, Central Vacuum, Smoke/Fire Detector, Stove Natural Gas
  • Interior Amenities: Bar, Cathedral Ceilings, Fireplace- Gas, Wood Flooring, Kitchen Center Island, Smoke/Fire Alarm, Storage, Walk in Closet, Wall to Wall Carpet, Tile Flooring
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Bedrooms: 4
  • Total Rooms: 11
  • Basement: Crawl Space, Outside Entrance
  • Estimated Living Sq Ft: 2700
  • Other Rooms: Living Room, Kitchen, Recreation/Family, Dining Area, Pantry, Laundry/Utility Room, Great Room, Storage Attic, 1st Floor Master Bedroom

Exterior Features

  • Construction: Two Story, Upside Down
  • Exterior: Vinyl
  • Frontage: 50
  • Outside Features: Deck, Enclosed/Covered Patio, Porch, Grill, Fenced Yard, Storage Building, Cable TV, Sidewalks, Outside Shower, Sprinkler System

Garage/Parking

  • Parking Garage: 3 Car, Concrete Driveway

Utilities

  • Cooling: Central Air Condition, Electric
  • Heating: Gas Natural, Forced Air
  • Hot Water: Gas- Natural
  • Sewer: City
  • Water: City

Lot Info

  • Lot Number: 48
  • Lot Size: 50' x 110'
  • Lot Size Range: 1 to 6000 SqFt

Tax Info

  • Tax Database Id: 1
  • Taxes: > 8040
  • Assessor Parcel Number: 10000880002000480000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2015
Closed on
Aug 17, 2015
Sold by
Barrett Susan M
Bought by
Friel Robert
Seller's Agent
Paul Hughes
RE/MAX SURFSIDE
List Price
$1,875,000
Sold Price
$1,875,000
Current Estimated Value
$4,317,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,442,942
Avg. Annual Appreciation
8.92%

Purchase Details

Closed on
Sep 23, 2010
Sold by
Barrett Russell R and Barrett Susan M
Bought by
Barrett Susan M

Purchase Details

Closed on
Feb 7, 2004
Sold by
Sanchirico David
Bought by
Barrett Russell and Barrett Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2003
Sold by
Steytler William
Bought by
Sanchirico David and Sanchirico Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
5.99%
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
Friel Robert $1,875,000 Attorney
Barrett Susan M -- None Available
Barrett Russell $1,675,000 --
Barrett Russell R $1,675,000 --
Sanchirico David $825,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barrett Susan M $322,100
Previous Owner Barrett Susan M $350,000
Previous Owner Barrett Russell R $500,000
Previous Owner Sanchirico David $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2015 08/17/15 Sold $1,875,000 0.0% $694 / Sq Ft
07/18/2015 07/18/15 Pending -- -- --
05/03/2015 05/03/15 For Sale $1,875,000 -- $694 / Sq Ft
Source: Cape May County Association of REALTORS®

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
2024 $15,823 $2,115,400 $1,404,000 $711,400
2023 $15,548 $2,115,400 $1,404,000 $711,400
2022 $14,639 $2,115,400 $1,404,000 $711,400
2021 $13,877 $2,115,400 $1,404,000 $711,400
2020 $12,904 $2,115,400 $1,404,000 $711,400
2019 $12,121 $2,115,400 $1,404,000 $711,400
2018 $11,677 $2,115,400 $1,404,000 $711,400
2017 $8,880 $1,600,000 $1,100,000 $500,000
2016 $8,560 $1,600,000 $1,100,000 $500,000
2015 $8,400 $1,600,000 $1,100,000 $500,000
2014 $8,288 $1,600,000 $1,100,000 $500,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Cape May County Association of REALTORS®

MLS Number: 163903

Cape May County Association of REALTORS®

APN: 10-00088-02-00048