NOT LISTED FOR SALE

216 Teakwood Dr Bayville, NJ 08721

Estimated Value: $469,000 - $500,000

2 Beds
1 Bath
1,000 Sq Ft
$481/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $320,000 $320 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,058/month

30 Days on Market

Highlights

  • Docks
  • Bay View
  • New Kitchen
  • Home fronts a lagoon or estuary
  • Property near a lagoon
  • Deck

About This Home

As of August 2021

Turn key and updated waterfront ranch in Bayville with a newer vinyl bulkhead and less that a minute boat ride out to the open bay! This 2 bedroom home is in a prime and desirable location and is surrounded by newer and well kept homes. Features include open concept living with vaulted ceilings and bright spaces, a bonus enclosed sunroom with sliding door out to the back deck and yard, new eat-in-kitchen, spacious bedrooms, new bathroom, new vinyl floors throughout (the second bedroom has hardwood), separate laundry room, new roof, furnace and hot water heater. 40 feet of bulkhead with a dock, wide and deep water lagoon can accommodate a large boat. Perfect for summer or year round living and close to all area restaurants, shopping and waterfront dining and attractions. Check it out today!

Last Agent to Sell the Property

Robert Lange

RE/MAX Gateway License #1329516 Listed on: 05/14/2021

RE/MAX Gateway

Co-Listed By

Marcello Carboni

RE/MAX at Barnegat Bay

Last Buyer's Agent

Marcello Carboni

Coldwell Banker Realty License #1864394

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,390

Year Built

  • Built in 1960

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 40 x 80
  • Home fronts a lagoon or estuary

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Living Room
  • Breakfast Room
  • Sun or Florida Room
  • Engineered Wood Flooring
  • Bay Views
  • Crawl Space
  • Laundry Room
  • Attic

Kitchen

  • New Kitchen
  • Eat-In Kitchen
  • Stove
  • Range Hood

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Property near a lagoon
  • Bulkhead
  • Docks
  • Deck

Schools

  • H & M Potter Elementary School
  • Central Reg Middle School
  • Central Regional High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Glen Cove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 06-01561-0000-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,390

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Bulkhead, Lagoon
  • Co List Office Mls Id: 1227
  • Co List Office Phone: 609-693-5002
  • Inclusions: Stove, Stove Hood, Refrigerator
  • Subdivision Name: Glen Cove
  • Architectural Style: Ranch
  • Reso Interior Features: Attic, Sliding Door
  • Year Built: 1960
  • Contract Info List PriceSqFt: 299.9
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • Living Room Floor - Engineered: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Floor - Engineered3: Yes
  • General Property Info Acreage: 0.07
  • General Property Info Lot Dimensions: 40 x 80
  • Location Middle School: Central Reg Middle
  • Kitchen Newer: Yes
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Lot Description Bulkhead2: Yes
  • Interior Attic: Yes
  • Lot Description Lagoon2: Yes
  • Water Type Lagoon: Yes
  • Included Stove Hood: Yes
  • ExteriorDeck: Yes
  • Style Ranch: Yes
  • Kitchen Eat-In: Yes
  • Water Type Bayview: Yes
  • Water Type Bulkhead: Yes
  • Exterior Dock: Yes
  • Living Room Sliding Door2: Yes
  • Rooms Breakfast: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Other Rooms:Sunroom: Yes
  • Kitchen Pantry: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.07
  • Waterfront Features: Bayview, Bulkhead, Lagoon
  • Waterfront: Yes
  • Exterior Features: Deck, Dock
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Central Reg Middle

Lot Info

  • Lot Dimensions: 40 x 80
  • Lot Size Sq Ft: 3049.2
  • Parcel #: 06-01561-0000-00008
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5390.0

MLS Schools

  • Elementary School: H & M Potter
  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2021
Closed on
Aug 19, 2021
Sold by
Brookstone 8 Llc
Bought by
Benson Jack
Seller's Agent
Robert Lange
RE/MAX Gateway
Buyer's Agent
Marcello Carboni
Coldwell Banker Realty
List Price
$299,900
Sold Price
$320,000
Premium/Discount to List
$20,100
6.7%
Current Estimated Value
$481,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,223
Avg. Annual Appreciation
10.00%
Original Mortgage
$256,000
Outstanding Balance
$232,078
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$249,145

Purchase Details

Listed on
May 14, 2021
Closed on
Aug 12, 2021
Sold by
Brookstone 8 Llc
Bought by
Benson Jack
Seller's Agent
Robert Lange
RE/MAX Gateway
Buyer's Agent
Marcello Carboni
Coldwell Banker Realty
List Price
$299,900
Sold Price
$320,000
Premium/Discount to List
$20,100
6.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Outstanding Balance
$232,078
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$249,145

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jan 31, 2020
Sold by
Us Bank National Association
Bought by
Nrz Reo Viii Llc
Seller's Agent
Lisa G Lopez
EXP Realty
Buyer's Agent
Robert Lange
RE/MAX Gateway
Sold Price
$146,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
65.91%

Purchase Details

Listed on
Nov 7, 2019
Closed on
Jan 30, 2020
Sold by
Resolute Asset Management Llc
Bought by
Brookstone 8 Llc
Seller's Agent
Lisa G Lopez
EXP Realty
Buyer's Agent
Robert Lange
RE/MAX Gateway
Sold Price
$146,000

Purchase Details

Closed on
Nov 13, 2019
Sold by
Demytrk Mark K and Demytrk Nereida P
Bought by
Nrz Trust Viii B

Purchase Details

Closed on
Jul 27, 2015
Sold by
Demytrk Mark K and Demytrk Nereida P
Bought by
Citimortgage Inc

Purchase Details

Closed on
Mar 15, 2004
Sold by
Figueiredo Pedro J and Figueiredo Armanda D
Bought by
Demytrk Mark and Demytrk Nereida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 11, 2001
Sold by
Riethoff William
Bought by
Figueiredo Pedro and Figueiredo Armonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
6.9%
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
Benson Jack $320,000 Old Republic Title
Benson Jack $320,000 Cornerstone Ttl & Setmnt Llc
Nrz Reo Viii Llc -- Fortune Title Agency Inc
Brookstone 8 Llc $146,000 Fortune Title Agency Inc
Nrz Trust Viii B $170,000 None Available
Citimortgage Inc -- Attorney
Demytrk Mark $270,000 --
Figueiredo Pedro $134,900 --
Figueiredo Pedro $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Benson Jack $256,000
Closed Benson Jack $266,000
Previous Owner Demytrk Mark $243,000
Previous Owner Figueiredo Pedro $74,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/19/2021 08/19/21 Sold $320,000 +6.7% $320 / Sq Ft
06/14/2021 06/14/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $299,900 +105.4% $300 / Sq Ft
01/31/2020 01/31/20 Sold $146,000 -- -- View Prior Sale
01/23/2020 01/23/20 Pending -- -- --
Source: MOREMLS (Monmouth Ocean Regional 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
2025 $6,206 $257,400 $173,600 $83,800
2024 $5,972 $257,400 $173,600 $83,800
2023 $5,861 $257,400 $173,600 $83,800
2022 $5,861 $257,400 $173,600 $83,800
2021 $5,389 $241,800 $173,600 $68,200
2020 $5,390 $241,800 $173,600 $68,200
2019 $5,240 $241,800 $173,600 $68,200
2018 $5,223 $241,800 $173,600 $68,200
2017 $5,029 $241,800 $173,600 $68,200
2016 $5,003 $241,800 $173,600 $68,200
2015 $4,865 $241,800 $173,600 $68,200
2014 $4,727 $241,800 $173,600 $68,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22115108

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 06-01561-0000-00008