NOT LISTED FOR SALE

221 Cove Rd Downe, NJ 08345

Estimated Value: $26,864 - $269,000

0.1 Acre
$1,487,160 Price per Acre
4,160 Sq Ft Lot

Last Sold July 30, 2022

Last sale price $22,600

Est. 558% increase in value since last sale

Current estimated payment $827/month

104 Days on Market

About This Lot

As of July 2022

Have you ever dreamed of owning a piece of land in close proximity to the Delaware Bay? Well this is your
lucky day! Located on Gandys Beach! in Newport New Jersey. This is a builders Dream Land!! Take in the
thrilling views of the sunrise, and sunset! or enjoy a day in the water before retreating back to your new
location to cook up your latest catch! Shed on the lot is included with the purchase. This land is 100%
buildable according to Downe Townships Zoning Division, which can be built on with approval. This lot is
directly across the street from several gorgeous summer homes!!! This land is being sold "AS IS" Please call
to view property

Last Agent to Sell the Property

Teal Levick

Tealestate LLC License #1538939 Listed on: 03/17/2022

Last Buyer's Agent

Teal Levick

Tealestate LLC License #1538939 Listed on: 03/17/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $146

Lot Details

  • 4,160 Sq Ft Lot
  • Lot Dimensions are 52.00 x 80.00

Location

  • Flood Risk

Utilities

  • Well
  • No Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00010
  • Assessor Parcel Number 04-00002-00010

Property Details

Property Type

Land

Est. Annual Taxes

$146

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Land
  • Ownership: Fee Simple
  • Current Use: Residential
  • Federal Flood Zone: Yes
  • Automatically Close On Close Date: No
  • Remarks Public: Have you ever dreamed of owning a piece of land in close proximity to the Delaware Bay? Well this is your lucky day! Located on Gandys Beach! in Newport New Jersey. This is a builders Dream Land!! Take in the thrilling views of the sunrise, and sunset! or enjoy a day in the water before retreating back to your new location to cook up your latest catch! Shed on the lot is included with the purchase. This land is 100% buildable according to Downe Townships Zoning Division, which can be built on with approval. This lot is directly across the street from several gorgeous summer homes!!! This land is being sold "AS IS" Please call to view property
  • Special Features: None

Interior Features

  • Price Per Sq Ft: 9.38
  • Street Number Modifier: 221

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: DOWNE TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200397435
  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.10
  • Lot Dimensions: 52.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4160.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL
  • Farmland Preservation: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Vacation Rental: No

Multi Family

  • Federal Flood Zone: 34011C0313E

Tax Info

  • Assessor Parcel Number: 3111213
  • Tax Annual Amount: 146.00
  • Assessor Parcel Number: 04-00002-00010
  • Tax Lot: 00010
  • Tax Data Updated: Yes
  • Tax Year: 2021
  • Close Date: 07/30/2022

MLS Schools

  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Jul 26, 2022
Sold by
Paul Sullivan Sonny
Bought by
Waters Edge Escapes Llc
Seller's Agent
Teal Levick
Tealestate LLC
Buyer's Agent
Teal Levick
Tealestate LLC
List Price
$44,900
Sold Price
$22,600
Premium/Discount to List
-$22,300
-49.67%
Current Estimated Value
$148,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,116
Avg. Annual Appreciation
88.86%

Purchase Details

Closed on
Sep 23, 2020
Sold by
Sullivan Elizabeth
Bought by
Sullivan Sonny P

Purchase Details

Closed on
May 21, 2018
Sold by
Lieb Thomas and Lieb Rebecca
Bought by
Sullivan Elizbateh

Purchase Details

Closed on
Nov 23, 2004

Purchase Details

Closed on
Oct 4, 1994
Sold by
Bowen William E
Bought by
Bowen Bonnie and Bertram Bonnie
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
Waters Edge Escapes Llc $22,600 Omega Settlement Services
Sullivan Sonny P $6,000 None Available
Sullivan Elizbateh $115,000 --
-- $349,500 --
Bowen Bonnie -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2022 07/30/22 Sold $22,600 -42.1% --
06/29/2022 06/29/22 Pending -- -- --
05/02/2022 05/02/22 Price Changed $39,000 -13.1% --
03/17/2022 03/17/22 For Sale $44,900 -- --
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 $208 $7,200 $6,000 $1,200
2024 $208 $7,200 $6,000 $1,200
2023 $158 $6,000 $6,000 $0
2022 $154 $6,000 $6,000 $0
2021 $146 $6,000 $6,000 $0
2020 $144 $6,000 $6,000 $0
2019 $142 $6,000 $6,000 $0
2018 $144 $6,000 $6,000 $0
2017 $138 $6,000 $6,000 $0
2016 $138 $6,000 $6,000 $0
2015 $129 $6,000 $6,000 $0
2014 $120 $6,000 $6,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2005588

Bright MLS

APN: 04-00002-0000-00010