NOT LISTED FOR SALE

177 Cove Rd Newport, NJ 08345

Estimated Value: $315,000 - $399,000

2 Beds
1 Bath
852 Sq Ft
$396/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $240,000 $282 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,343/month

31 Days on Market

Highlights

  • Raised Ranch Architecture
  • No HOA
  • Electric Baseboard Heater

About This Home

As of August 2022

A perfect escape, Ideal for birdwatchers, fishermen, and quality time. Tucked in the heart of Gandy's Beach on the Delaware Bay, the cottage has both bay and marsh views and is just a short walk to the local sunset gathering off the jetty. Charter the "Miss Fortescue" in the nearby Fortescue. Boat or jet ski? Tow to our nearby marina! The cottage has 2 bedrooms and one bathroom. The cozy living room has a stone fireplace and has large windows opening to the beautiful bay view. This home is a must see. The current owners rent this out at Air B and B and use as an income property. This home would be perfect for all year round or as an investment. Local amenities include the seaside atmosphere of the Red Eye Crab, Oyster Cracker, Bull on the Barn, and the Charlesworth Restaurant.

Last Agent to Sell the Property

Tina Swink

(856) 466-3909 tina@soldbyswink.com Swink Realty Listed on: 06/17/2022

Last Buyer's Agent

Mary Jo Kelly

(609) 839-3456 gowithmaryjo@gmail.com Swink Realty License #2186158

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,806

Year Built

  • Built in 1960

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 80.00 x 80.00

Parking

  • Driveway

Home Design

  • Raised Ranch Architecture
  • Pillar, Post or Pier Foundation

Interior Spaces

  • 852 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Window Unit Cooling System
  • Heating System Powered By Owned Propane
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association
  • "None Available" Subdivision

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 04-00058-00006

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,806

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 852
  • Living Area Sq Ft: 852
  • Price Per Sq Ft: 311.03
  • Above Grade Finished Sq Ft: 852
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Propane - Owned
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • 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: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 47900.00
  • Land Assessed Value: 190000.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 80.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6400.00
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3112640
  • Tax Annual Amount: 5806.00
  • Assessor Parcel Number: 04-00058-00006
  • Tax Lot: 00006
  • 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
Jun 17, 2022
Closed on
Aug 17, 2022
Sold by
Zachary Ahern Robert
Bought by
Bair Rebecca J and Bair Gregory W
Seller's Agent
Tina Swink
Swink Realty
Buyer's Agent
Mary Jo Kelly
Swink Realty
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Views
3
Current Estimated Value
$337,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,718
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Aug 25, 2017
Sold by
Carpino Frank
Bought by
Ahern Robert Z

Purchase Details

Listed on
Jan 31, 2017
Closed on
Mar 2, 2017
Sold by
Actlien Runoff Llc
Bought by
Heritage Hill Estates Llc
Seller's Agent
SANDRA SANDY BOLAND
BHHS Fox & Roach-Vineland
Buyer's Agent
SANDRA SANDY BOLAND
BHHS Fox & Roach-Vineland
List Price
$100,000
Sold Price
$60,000
Premium/Discount to List
-$40,000
-40%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.78%

Purchase Details

Closed on
Oct 16, 2000
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bair Rebecca J $240,000 --
Ahern Robert Z $90,000 --
Heritage Hill Estates Llc $60,000 Landis Title
-- -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2022 08/19/22 Sold $240,000 -9.4% $282 / Sq Ft
06/17/2022 06/17/22 For Sale $265,000 +341.7% $311 / Sq Ft
03/02/2017 03/02/17 Sold $60,000 -40.0% $70 / Sq Ft View Prior Sale
02/15/2017 02/15/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $100,000 -- $117 / 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 $6,861 $237,900 $190,000 $47,900
2024 $6,861 $237,900 $190,000 $47,900
2023 $6,257 $237,900 $190,000 $47,900
2022 $6,100 $237,900 $190,000 $47,900
2021 $5,722 $237,900 $190,000 $47,900
2020 $5,722 $237,900 $190,000 $47,900
2019 $5,626 $237,900 $190,000 $47,900
2018 $5,700 $237,900 $190,000 $47,900
2017 $5,474 $237,900 $190,000 $47,900
2016 $5,902 $256,700 $190,000 $66,700
2015 $5,534 $256,700 $190,000 $66,700
2014 $5,658 $283,300 $198,000 $85,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2007396

Bright MLS

APN: 04-00058-0000-00006