NOT LISTED FOR SALE

1918 W Bay Terrace Ship Bottom, NJ 08008

Long Beach Island Neighborhood

Estimated Value: $1,949,000 - $2,155,000

-- Bed
5 Baths
1,440 Sq Ft
$1,404/Sq Ft Est. Value

Last Sold June 16, 2014

Last sale price $380,000 $264 Per Sq Ft

Est. 432% increase in value since last sale

Current estimated payment $11,836/month

87 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Bay View
  • Attached Garage
  • Private Beach
  • No HOA
  • Bungalow

About This Home

As of June 2014

Rare find. Bayfront lot with 2 gutted cottages. Lot has sandy beach and a large riparian grant. Raise in place with no variance required.

Last Agent to Sell the Property

Joseph Mayo

RE/MAX of Long Beach Island License #0676682 Listed on: 02/14/2014

Co-Listed By

Joseph Mayo

RE/MAX of Long Beach Island

Last Buyer's Agent

Joseph Mayo

RE/MAX of Long Beach Island License #0676682 Listed on: 02/14/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,403

Year Built

  • Built in 1920

Lot Details

  • 50 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Private Beach
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Bungalow

Interior Spaces

  • 1,440 Sq Ft Home
  • Bay Views
  • Crawl Space

Parking

  • Attached Garage
  • Parking Storage or Cabinetry

Outdoor Features

  • Water Access
  • Riparian Grant
  • Bulkhead

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Community Details

  • No Home Owners Association
  • 2 Units
  • 1-Story Building
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 12.01
  • Assessor Parcel Number 50 12.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,403

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • New Construction: No
  • Storage: Garage
  • Federal Flood Zone: Yes
  • Year Built: 1920
  • Remarks Public: Rare find. Bayfront lot with 2 gutted cottages. Lot has sandy beach and a large riparian grant. Raise in place with no variance required.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1440
  • Living Area Sq Ft: 1440
  • Price Per Sq Ft: 295.14
  • Above Grade Finished Sq Ft: 1440
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1918

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Exterior Features: Private Beach
  • View: Bay
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: Yes
  • Garage Features: Additional Storage Area
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REGIONAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 90900.00
  • Land Assessed Value: 426200.00
  • Lot Features: Level, Bulkheaded
  • Lot Dimensions: 50 x 65 x irr
  • Topography: Level
  • Zoning: RES
  • Zoning Description: res

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2
  • Waterfront Features: Riparian Grant

Tax Info

  • Assessor Parcel Number: 3076066
  • Tax Annual Amount: 5403.00
  • Assessor Parcel Number: 50 12.01
  • Tax Lot: 12.01
  • Tax Year: 2013
  • Close Date: 06/16/2014

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 3, 2015
Sold by
Barikian Michael and Jabin Joshua
Bought by
Barikian Properties Llc
Current Estimated Value
$2,021,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.74%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 18, 2014
Sold by
Barikian Properties Llc
Bought by
Barikian Michael and Jabin Joshua

Purchase Details

Listed on
Feb 14, 2014
Closed on
Jun 16, 2014
Sold by
Bulman Susan B and Shibilski Sandra L
Bought by
Barikian Properties Llc
Seller's Agent
Joseph Mayo
RE/MAX of Long Beach Island
Buyer's Agent
Joseph Mayo
RE/MAX of Long Beach Island
List Price
$450,000
Sold Price
$380,000
Premium/Discount to List
-$70,000
-15.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.03%

Purchase Details

Closed on
Jul 31, 2008
Sold by
Baralus William
Bought by
Bulman Susan B and Shibilski Sandra L

Purchase Details

Closed on
Jan 16, 2004
Sold by
Baralus Chris
Bought by
Chris Baralus Revocable Living Trust and Baralus Chris
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
Barikian Properties Llc -- None Available
Barikian Michael -- None Available
Barikian Properties Llc $380,000 None Available
Bulman Susan B -- None Available
Chris Baralus Revocable Living Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barikian Properties Llc $1,500,000
Closed Barikian Properties Llc $825,000
Previous Owner Barikian Properties Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2014 06/16/14 Sold $380,000 -15.6% $264 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
02/14/2014 02/14/14 For Sale $450,000 -- $313 / 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 $10,912 $905,600 $484,400 $421,200
2024 $10,405 $905,600 $484,400 $421,200
2023 $9,590 $905,600 $484,400 $421,200
2022 $9,590 $905,600 $484,400 $421,200
2021 $9,849 $934,400 $484,400 $450,000
2020 $9,877 $934,400 $484,400 $450,000
2019 $9,886 $934,400 $484,400 $450,000
2018 $9,905 $934,400 $484,400 $450,000
2017 $9,260 $934,400 $484,400 $450,000
2016 $5,114 $462,000 $414,700 $47,300
2015 $4,990 $462,000 $414,700 $47,300
2014 $5,580 $517,100 $426,200 $90,900
Source: Public Records

Agents Affiliated with this Home

  • Joseph Mayo

    Seller's Agent in 2014

    Joseph Mayo

    RE/MAX

    (609) 709-5309

    33 in this area

    65 Total Sales

    Joseph Mayo
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Map

Source: Bright MLS

MLS Number: NJOC219558

Bright MLS

APN: 29-00050-0000-00012-01

New Jersey Ocean County Ship Bottom 08008 Long Beach Island

1918 W Bay Terrace, Ship Bottom, NJ

This home is located at 1918 W Bay Terrace, Ship Bottom, NJ 08008 since 14 February 2014 and is currently estimated at $2,021,205, approximately $1,403 per square foot. This property was built in 1920. 1918 W Bay Terrace is a home located in Ocean County with nearby schools including Ethel A. Jacobsen Elementary School, Long Beach Island Grade School, and Southern Regional Middle School.

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