NOT LISTED FOR SALE

221 Bayshore Dr Ocean City, NJ 08226

Estimated Value: $3,387,266 - $3,890,000

4 Beds
3.5 Baths
2,924 Sq Ft
$1,264/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $2,400,000 $821 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $19,897/month

36 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Deck
  • Ocean City Primary School Rated A
  • In Ground Pool
  • Cathedral Ceiling

About This Home

As of October 2021

Looking to entertain? Need more room for the whole family? This spacious, lagoonfront Single family home located at the mouth of the lagoon with incredible OPEN bay views. Home features: 2 large master suites located one on each floor, Multi zoned gas heat & central air. Large gourmet kitchen with breakfast bar with additional seating, stunning granite counters, stainless steel appliances, double oven, & cooktop stove. Bright and airy dining area, laundry room, and sunken living room overlooking the breathtaking outdoor oasis with pool & bay to enjoy. Step up to the 2nd floor and be greeted by 2 bedrooms with hall bath & enormous master suite featuring fireplace, His &Her closets, open master bath w/whirlpool tub, tile floors & shower. Large fiberglass inground pool with concrete patio, additional waterfront deck, and boatslips. Off street parking in driveway or 1 car attached garage with ample storage space. This home checks all the boxes of what you've been looking for!

Last Agent to Sell the Property

Dean Chorin

BHHS FOX and ROACH-109 34th OC License #1430140 Listed on: 07/23/2021

BHHS FOX and ROACH-109 34th OC

Co-Listed By

RONALD C GIFFORD JR.

Compass New Jersey-Ocean City (O463E) License #SP-9587438

Last Buyer's Agent

Kevin Decosta

BHHS FOX and ROACH-109 34th OC License #SP-9481731

BHHS FOX and ROACH-109 34th OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,662

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 50 x 100
  • Property Fronts a Bay or Harbor
  • Fenced
  • Sprinkler System

Home Design

  • Cedar Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Storage
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Attached Garage
  • Parking Pad

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Deck
  • Patio

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,662

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 25+ Years
  • Lvt Date: 07/23/2021
  • Year Built: 1946
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Kitchen Center Island, Security System, Storage, Skylight(s), Smoke/Fire Alarm, Walk In Closet, Whirlpool
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Eat In Kitchen, Laundry/Utility Room, Storage Attic, Master Br On 1st Floor

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Fenced Yard, Patio, Pool-In Ground, Sidewalks, Sprinkler System
  • Siding Exterior: Cedar

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Attached Garage
  • Parking Exterior: Two Car, Parking Pad

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Water View
  • Lot Dimensions: 50 X 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2022
Sold by
Michael Demaio
Bought by
Demaio Michael
Current Estimated Value
$3,412,212

Purchase Details

Listed on
Jul 23, 2021
Closed on
Oct 22, 2021
Sold by
V2 Prop Entity 7 Llc
Bought by
Demaio Michael
Seller's Agent
Dean Chorin
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Kevin Decosta
BHHS FOX and ROACH-109 34th OC
List Price
$2,699,900
Sold Price
$2,400,000
Premium/Discount to List
-$299,900
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%
Original Mortgage
$1,900,000
Interest Rate
2.98%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 20, 2021
Closed on
May 20, 2021
Sold by
Erickson Stephen D and Erickson Kelly L
Bought by
V2 Prop Entity 7 Llc
Seller's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Dean Chorin
BHHS FOX and ROACH-109 34th OC
List Price
$2,399,900
Sold Price
$1,915,000
Premium/Discount to List
-$484,900
-20.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
71.17%
Original Mortgage
$1,953,000
Interest Rate
2.9%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 17, 2013
Closed on
Feb 18, 2014
Sold by
Fletcher Vincent H and Fletcher Wayne R
Bought by
Erickson Stephen D and Erickson Kelly L
Seller's Agent
Michael Monihan
MONIHAN REALTY
Buyer's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
List Price
$1,290,000
Sold Price
$1,290,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.53%
Original Mortgage
$967,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2008
Sold by
Stoeco Development Ltd
Bought by
Fletcher Wayne R

Purchase Details

Closed on
Jul 25, 1991
Sold by
Fletcher Wayne R and Fletcher Elizabeth A
Bought by
Fletcher Wayne R
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
Demaio Michael -- Stanton Michael P
Demaio Michael $2,400,000 None Available
V2 Prop Entity 7 Llc $1,915,000 Freedom Title
V2 Properties Entity 7 Llc $1,915,000 Freedom Title
Erickson Stephen D $1,290,000 The Title Company Of Jersey
Fletcher Wayne R -- None Available
Fletcher Wayne R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Demaio Michael $1,900,000
Previous Owner V2 Properties Entity 7 Llc $1,953,000
Previous Owner V2 Properties Entity 7 Llc $1,953,000
Previous Owner Erickson Stephen D $967,500
Previous Owner Erickson Stephen D $967,500
Previous Owner Fletcher Wayne R $938,250
Previous Owner Fletcher Wayne R $225,000
Previous Owner Fletcher Wayne R $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2021 10/22/21 Sold $2,400,000 -4.0% $821 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
08/17/2021 08/17/21 Price Changed $2,499,900 -7.4% $855 / Sq Ft
07/23/2021 07/23/21 For Sale $2,699,900 +41.0% $923 / Sq Ft
05/20/2021 05/20/21 Sold $1,915,000 -13.0% $655 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $2,199,900 -8.3% $752 / Sq Ft
02/20/2021 02/20/21 For Sale $2,399,900 +86.0% $821 / Sq Ft
01/17/2014 01/17/14 Sold $1,290,000 0.0% $441 / Sq Ft
11/28/2013 11/28/13 Pending -- -- --
06/17/2013 06/17/13 For Sale $1,290,000 -- $441 / 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 $15,662 $1,395,900 $960,000 $435,900
2024 $15,662 $1,395,900 $960,000 $435,900
2023 $14,950 $1,395,900 $960,000 $435,900
2022 $14,364 $1,395,900 $960,000 $435,900
2021 $13,144 $1,308,300 $960,000 $348,300
2020 $12,795 $1,308,300 $960,000 $348,300
2019 $12,651 $1,308,300 $960,000 $348,300
2018 $12,534 $1,308,300 $960,000 $348,300
2017 $12,337 $1,308,300 $960,000 $348,300
2016 $11,866 $1,308,300 $960,000 $348,300
2015 $11,709 $1,308,300 $960,000 $348,300
2014 $11,539 $1,308,300 $960,000 $348,300
Source: Public Records

Agents Affiliated with this Home

  • Dean Chorin

    Seller's Agent in 2021

    Dean Chorin

    BHHS Fox & Roach

    (609) 602-0313

    153 in this area

    186 Total Sales

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  • RONALD C GIFFORD JR.

    Seller's Agent in 2021

    RONALD C GIFFORD JR.

    Compass New Jersey-Ocean City (O463E)

    (609) 425-2984

    115 in this area

    127 Total Sales

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  • Kevin Decosta

    Buyer's Agent in 2021

    Kevin Decosta

    BHHS Fox & Roach

    (609) 602-2627

    78 in this area

    91 Total Sales

    Section Image
  • Michael Monihan

    Seller's Agent in 2014

    Michael Monihan

    MONIHAN REALTY

    (609) 399-0998

    9 in this area

    9 Total Sales

    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 553462

South Jersey Shore Regional MLS

APN: 08-01812-01-00015

New Jersey Cape May County Ocean City 08226

221 Bayshore Dr, Ocean City, NJ

This home is located at 221 Bayshore Dr, Ocean City, NJ 08226 since 23 July 2021 and is currently estimated at $3,696,317, approximately $1,264 per square foot. This property was built in 1946. 221 Bayshore Dr is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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