NOT LISTED FOR SALE

22 Gilbert Ln Ocean City, NJ 08226

Estimated Value: $2,115,000 - $3,594,000

5 Beds
4.5 Baths
2,806 Sq Ft
$1,076/Sq Ft Est. Value

Last Sold July 01, 2013

Last sale price $1,275,000 $454 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $17,225/month

14 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Wood Flooring
  • Ocean City Primary School Rated A
  • In Ground Pool
  • Corner Lot

About This Home

As of July 2013

Beautiful corner lot home on the lagoon with boatslip for your convenience. Completely remodeled in 2004, this home offers simplicity, luxury and accommodates your every whim. Stunning, flawless hardwood floors throughout the first floor, bathrooms off of 3 of the bedrooms, his and hers' poolside showers in the heated garage, in-ground pool with lovely yard beside the bulkhead. Tastefully decorated and excellently maintained-- never rented. Must see!

Last Agent to Sell the Property

JOSEPH SHEPPARD

BHHS FOX and ROACH-Simpson OC Listed on: 03/19/2013

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Kurt Feinstein

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,269

Year Built

  • Built in 1984

Lot Details

  • Lot Dimensions are 45x100
  • Property Fronts a Bay or Harbor
  • Corner Lot

Home Design

  • Bi-Level Home
  • Shingle Siding

Interior Spaces

  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Great Room
  • Dining Room
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wood Under Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Boat Slip

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,269

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Bi-Level
  • Age: 25+ Years
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Fireplace: Gas Log
  • Flooring: Hardwood, Tile, W/W Over Hardwood
  • Interior Amenities: Storage, Skylight(s), Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Other Rooms: Breakfast Nook, Dining Room, Eat In Kitchen, Great Room

Exterior Features

  • Outside Features: Boat Slip, Pool-In Ground
  • Siding Exterior: Shingle

Garage/Parking

  • Driveway: Concrete

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Location: Bay Front, Corner
  • Lot Dimensions: 45x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2013
Closed on
Jun 27, 2013
Sold by
Estate Of Stephen A Matarazzo
Bought by
Herman Gregory and Herman Margaret
Seller's Agent
JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Kurt Feinstein
Compass New Jersey-Ocean City (O463E)
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$3,017,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,742,891
Avg. Annual Appreciation
7.24%
Original Mortgage
$956,250
Interest Rate
4.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2009
Sold by
Gambescia Richard and Whiteside John
Bought by
Matarazzo Stephen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$404,750
Interest Rate
5.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 20, 2006
Sold by
Matarazzo Stephen A
Bought by
Gambescia Richard and Whiteside John

Purchase Details

Closed on
Jan 13, 2005
Sold by
Matarazzo Stephen A and Matarazzo Diane D
Bought by
Matarazzo Stephen A
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Herman Gregory $1,275,000 North American Title
Matarazzo Stephen A -- None Available
Gambescia Richard -- None Available
Matarazzo Stephen A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Herman Gregory $956,250
Previous Owner Matarazzo Stephen A $404,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2013 07/01/13 Sold $1,275,000 0.0% $454 / Sq Ft
04/02/2013 04/02/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $1,275,000 -- $454 / Sq Ft
Source: South Jersey Shore Regional 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 $15,269 $1,360,900 $693,000 $667,900
2024 $15,269 $1,360,900 $693,000 $667,900
2023 $14,575 $1,360,900 $693,000 $667,900
2022 $14,004 $1,360,900 $693,000 $667,900
2021 $10,152 $1,360,900 $693,000 $667,900
2020 $13,310 $1,360,900 $693,000 $667,900
2019 $13,160 $1,360,900 $693,000 $667,900
2018 $13,037 $1,360,900 $693,000 $667,900
2017 $12,833 $1,360,900 $693,000 $667,900
2016 $12,343 $1,360,900 $693,000 $667,900
2015 $12,180 $1,360,900 $693,000 $667,900
2014 $12,003 $1,360,900 $693,000 $667,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 408963

South Jersey Shore Regional MLS

APN: 08-02213-0000-00001