NOT LISTED FOR SALE

173 Cove Rd Newport, NJ 08345

Estimated Value: $329,799 - $485,000

3 Beds
1.5 Baths
960 Sq Ft
$404/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $225,000 $234 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,612/month

21 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Rambler Architecture
  • No HOA
  • 24-Hour Security
  • Cathedral Ceiling
  • Porch

About This Home

As of May 2021

Leisure time for sale at Gandy's Beach! Only a Hop, Skip & a Jump to the Beach! Isn't it time to relax and enjoy life? You earned it! This well-maintained home boasting breathtaking views of the Delaware Bay and located in a resort town with a Marina that has a great sense of community. The property sits on a 50x80 lot with waterfront views and has been well maintained by its owners. This property features a spacious kitchen with an abundance of cabinet space, center island with all appliances included, large living room/family room (your choice), three bedrooms,1.5 baths, and a 24x12 screen in sunroom with all new windows. There is plenty of parking under the home for your boats and all your vehicles with a storage shed to hold your fishing equipment. Additional amenities include private well, vaulted ceilings, new windows sunroom/back of home, new roof, new flooring throughout the entire home, freshly painted interior, deck and washer/dryer. Don't miss out on the opportunity to own this waterfront property with access to the Delaware Bay. Your family will enjoy boating, swimming, crabbing and fishing. But most importantly they will enjoy the relaxing time watching the sunset. This home is priced to sell. Put this one on your list. You won't be sorry, don't take my word for it come see for yourself. Truly a beautiful summer home! SHOW & SELL! Interior photos coming soon.

Last Agent to Sell the Property

Joseph Schwarzman

(609) 617-6064 swats777@aol.com Premier Real Estate Corp. Listed on: 02/13/2021

Last Buyer's Agent

Karen Millul

(609) 381-3641 karen.lovemillul@foxroach.com BHHS Fox & Roach-Vineland License #8935702

BHHS Fox & Roach-Vineland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,707

Year Built

  • Built in 1987

Lot Details

  • 3,200 Sq Ft Lot
  • Lot Dimensions are 40.00 x 80.00
  • Property Fronts a Bay or Harbor
  • Level Lot
  • Cleared Lot
  • Back, Front, and Side Yard

Home Design

  • Rambler Architecture
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding
  • Modular or Manufactured Materials
  • Piling Construction

Interior Spaces

  • 960 Sq Ft Home
  • Property has 1 Level
  • Cathedral Ceiling
  • Living Room
  • Bay Views

Kitchen

  • Eat-In Kitchen
  • Built-In Range
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 3 Parking Spaces
  • 2 Driveway Spaces

Outdoor Features

  • Exterior Lighting
  • Shed
  • Porch

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • 200+ Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Tax Lot 00007
  • Assessor Parcel Number 04-00058-00007

Community Details

Overview

  • No Home Owners Association
  • Built by Excel Homes
  • Gandy's Beach Subdivision, Elmwood Floorplan

Security

  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,707

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Range
  • New Construction: No
  • Story List: Main
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Range, Refrigerator
  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Carpet, Kitchen - Eat-In, Kitchen - Island, Stall Shower
  • Fireplace: No
  • Wall Ceiling Types: Cathedral Ceilings
  • Foundation Details: Pilings
  • Levels Count: 1
  • Room List: Living Room, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1, Laundry
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 960
  • Living Area Sq Ft: 960
  • Price Per Sq Ft: 260.42
  • Above Grade Finished Sq Ft: 960
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Modular/Manufactured, Vinyl Siding
  • Exterior Features: Exterior Lighting, Street Lights
  • Roof: Pitched, Shingle
  • View: Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Off Street
  • Number of Spaces in Driveway: 2
  • Off Street Parking Spaces: 1

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 72300.00
  • Land Assessed Value: 165000.00
  • Lot Features: Cleared, Front Yard, Level, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.07
  • Lot Dimensions: 40.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3200.00
  • Outdoor Living Structures: Porch(es)
  • Zoning: R

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Excel Homes

Rental Info

  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 3112641
  • Tax Annual Amount: 5707.00
  • Assessor Parcel Number: 04-00058-00007
  • Tax Lot: 00007
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2021
Closed on
May 13, 2021
Sold by
Moyer Matthew M and Moyer Natalie A
Bought by
Riesett Brian F and Riesett Dawn M
Seller's Agent
Joseph Schwarzman
Premier Real Estate Corp.
Buyer's Agent
Karen Millul
BHHS Fox & Roach-Vineland
List Price
$250,000
Sold Price
$225,000
Premium/Discount to List
-$25,000
-10%
Current Estimated Value
$388,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,200
Avg. Annual Appreciation
12.68%
Original Mortgage
$198,000
Outstanding Balance
$178,873
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,327

Purchase Details

Listed on
Jun 2, 2017
Closed on
Dec 5, 2019
Sold by
Holloway Richard W and Holloway Jeannette E
Bought by
Moyer Matthew M and Moyer Natalie E
Seller's Agent
Joseph Schwarzman
Premier Real Estate Corp.
Buyer's Agent
Karen Millul
BHHS Fox & Roach-Vineland
List Price
$199,900
Sold Price
$177,000
Premium/Discount to List
-$22,900
-11.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.13%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Riesett Brian F $225,000 None Available
Moyer Matthew M $177,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riesett Brian F $198,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/13/2021 05/13/21 Sold $225,000 -10.0% $234 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
02/13/2021 02/13/21 For Sale $250,000 +41.2% $260 / Sq Ft
12/05/2019 12/05/19 Sold $177,000 -4.3% $184 / Sq Ft View Prior Sale
10/14/2019 10/14/19 Pending -- -- --
11/13/2018 11/13/18 Price Changed $185,000 -7.5% $193 / Sq Ft
10/19/2018 10/19/18 For Sale $199,900 0.0% $208 / Sq Ft
06/02/2017 06/02/17 For Sale $199,900 -- $208 / 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 $6,844 $241,100 $165,000 $76,100
2024 $6,844 $237,300 $165,000 $72,300
2023 $6,241 $237,300 $165,000 $72,300
2022 $6,084 $237,300 $165,000 $72,300
2021 $5,792 $237,300 $165,000 $72,300
2020 $5,707 $237,300 $165,000 $72,300
2019 $5,612 $237,300 $165,000 $72,300
2018 $5,686 $237,300 $165,000 $72,300
2017 $5,460 $237,300 $165,000 $72,300
2016 $5,456 $237,300 $165,000 $72,300
2015 $5,116 $237,300 $165,000 $72,300
2014 $5,779 $289,400 $198,000 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB131208

Bright MLS

APN: 04-00058-0000-00007