NOT LISTED FOR SALE

Estimated Value: $789,000 - $1,768,000

4 Beds
2 Baths
1,494 Sq Ft
$936/Sq Ft Est. Value

Last Sold March 17, 2016

Last sale price $562,500 $377 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $7,988/month

21 Days on Market

Highlights

  • Oceanside
  • Deck
  • Main Floor Bedroom
  • Open Floorplan
  • Wood Flooring
  • Attic

About This Home

As of March 2016

Welcome to this wonderful ocean side cottage in Spray Beach. This home features 4 bedrooms, 2 full baths, open front porch, raised rear deck off the 2nd floor bedroom level and a great back yard for all of your summer guest to kick back, relax and enjoy the peace and quiet of Spray Beach. While not currently a rental, this home would be a great investment property. With a short walk to the beach as well as walking distance to all of the attractions that the island has to offer, this is the cottage you have been waiting for.

Last Agent to Sell the Property

Matt Kulinski

G. Anderson Agency License #0119748 Listed on: 02/12/2016

Last Buyer's Agent

David Sheridan

BHHS Zack Shore REALTORS

BHHS Zack Shore REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,075

Year Built

  • Built in 1934

Lot Details

  • Lot Dimensions are 40x100
  • Level Lot
  • The property's topography is level

Parking

  • Driveway

Home Design

  • Bungalow
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,494 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace
  • Double Hung Windows
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Deck
  • Storage Shed
  • Porch

Location

  • Flood Risk

Utilities

  • Multiple cooling system units
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • Spray Beach Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 18-00005-11-00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,075

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1934
  • Remarks Public: Welcome to this wonderful ocean side cottage in Spray Beach. This home features 4 bedrooms, 2 full baths, open front porch, raised rear deck off the 2nd floor bedroom level and a great back yard for all of your summer guest to kick back, relax and enjoy the peace and quiet of Spray Beach. While not currently a rental, this home would be a great investment property. With a short walk to the beach as well as walking distance to all of the attractions that the island has to offer, this is the cottage you have been waiting for.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Flooring Type: Tile/Brick, Fully Carpeted, Wood
  • Interior Amenities: Attic, Entry Level Bedroom, Window Treatments, Breakfast Area, Ceiling Fan(s), Kitchen - Island, Floor Plan - Open
  • Window Features: Double Hung
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room Count: 7
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1494
  • Living Area Sq Ft: 1494
  • Price Per Sq Ft: 418.34
  • Above Grade Finished Sq Ft: 1494
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2209

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Multi Units
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 69400.00
  • Land Assessed Value: 547400.00
  • Land Lease: No
  • Lot Features: Level
  • Lot Dimensions: 40x100
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Topography: Level
  • Zoning: SINGLE
  • Zoning Description: Single

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3021132
  • Tax Annual Amount: 6075.00
  • Assessor Parcel Number: 18-00005-11-00017
  • Tax Lot: 17
  • Tax Year: 2015
  • Close Date: 03/17/2016

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2016
Closed on
Mar 17, 2016
Sold by
Lewis Richard Gary and Lewis Barbara M
Bought by
Kamo Ari and Kamo Shira
Seller's Agent
Matt Kulinski
G. Anderson Agency
Buyer's Agent
David Sheridan
BHHS Zack Shore REALTORS
List Price
$625,000
Sold Price
$562,500
Premium/Discount to List
-$62,500
-10%
Total Days on Market
21
Current Estimated Value
$1,398,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$835,943
Avg. Annual Appreciation
10.93%
Original Mortgage
$450,000
Outstanding Balance
$366,533
Interest Rate
3.72%
Mortgage Type
New Conventional
Estimated Equity
$1,100,355
Source: Public Records

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Range of Values:

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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
Kamo Ari $562,500 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kamo Ari $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2016 03/17/16 Sold $562,500 -10.0% $377 / Sq Ft
03/04/2016 03/04/16 Pending -- -- --
02/12/2016 02/12/16 For Sale $625,000 -- $418 / 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
2024 $6,800 $766,600 $645,000 $121,600
2023 $6,378 $766,600 $645,000 $121,600
2022 $6,378 $766,600 $645,000 $121,600
2021 $6,179 $766,600 $645,000 $121,600
2020 $6,118 $615,500 $547,400 $68,100
2019 $6,173 $615,500 $547,400 $68,100
2018 $5,989 $615,500 $547,400 $68,100
2017 $6,008 $614,300 $547,400 $66,900
2016 $6,082 $616,800 $547,400 $69,400
2015 $6,075 $616,800 $547,400 $69,400
2014 $5,927 $616,800 $547,400 $69,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC187376

Bright MLS

APN: 18-00005-11-00017