NOT LISTED FOR SALE

234 E Atlantic Blvd Ocean City, NJ 08226

Estimated Value: $4,413,000 - $6,556,000

7 Beds
5.5 Baths
3,851 Sq Ft
$1,408/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $4,150,000 $1,078 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $31,367/month

Highlights

  • Ocean Front
  • Deck
  • Recreation Room
  • Ocean City Primary School Rated A
  • Living Room with Fireplace
  • Cathedral Ceiling

About This Home

As of February 2021

One of kind Oceanfront estate in the Gardens. Well thought out by the owner, this Mark Asher designed home is positioned strategically on the most eastern point of East Atlantic Blvd. The property has unbelievable panoramic unobstructed views to the North and South. Deep lot affords you every luxury of ample parking and privacy. Boasting 7 Bedrooms, 5 full baths, and one half bath, this home will accommodate not only a large extended family but generations to come. Wonderful views from almost every room is a testament to the owners specific detail and foresight. NOTE: See full description attached.

Last Agent to Sell the Property

Joseph Scarpati

J PROPERTIES, LLC Listed on: 12/21/2020

Last Buyer's Agent

Damon Bready

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,152

Lot Details

  • Lot Dimensions are 57x130
  • Ocean Front
  • Sprinkler System

Parking

  • 1 Car Attached Garage

Home Design

  • Upside Down Style Home
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Library
  • Recreation Room
  • Storage
  • Storm Screens

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,152

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Upside Down
  • Also Includes: Blinds, Curtains
  • Lvt Date: 12/23/2020
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Refrigerator, Washer
  • Fireplace: Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Cathedral Ceiling, Storage, Skylight(s)
  • Bedrooms: 7
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Laundry/Utility Room, Library/Study, Recreation/Family

Exterior Features

  • Outside Features: Deck, Outside Shower, Sprinkler System
  • Siding Exterior: Vinyl, Wood
  • Storm Screens: Screens

Garage/Parking

  • Garage: One Car, Attached Garage
  • Parking Exterior: Three Or More Cars

Utilities

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

Lot Info

  • Location: Ocean Front
  • Lot Dimensions: 57x130
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2020
Closed on
Feb 5, 2021
Sold by
Fracis Richard M and Cormie Suzanne
Bought by
Narke Edward A and Narke Jamie R
Seller's Agent
Joseph Scarpati
J PROPERTIES, LLC
Buyer's Agent
Damon Bready
BHHS FOX and ROACH-Simpson OC
List Price
$3,999,900
Sold Price
$4,150,000
Premium/Discount to List
$150,100
3.75%
Current Estimated Value
$5,421,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,271,141
Avg. Annual Appreciation
5.89%
Original Mortgage
$3,112,500
Interest Rate
2.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2015
Sold by
Richard M Francis Sr Family Trust
Bought by
Francis Richard M and Cormie Suzanne J

Purchase Details

Closed on
Feb 2, 2007
Sold by
Richard M Francis Sr Ocean City Property
Bought by
Richard M Francis Sr Family Trust
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
Narke Edward A $4,150,000 None Available
Francis Richard M -- Attorney
Richard M Francis Sr Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Narke Edward A $3,112,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2021 02/05/21 Sold $4,150,000 +3.8% $1,078 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
12/21/2020 12/21/20 For Sale $3,999,900 -- $1,039 / 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 $30,152 $2,687,300 $1,626,200 $1,061,100
2024 $30,152 $2,687,300 $1,626,200 $1,061,100
2023 $28,781 $2,687,300 $1,626,200 $1,061,100
2022 $27,652 $2,687,300 $1,626,200 $1,061,100
2021 $20,047 $2,687,300 $1,626,200 $1,061,100
2020 $26,282 $2,687,300 $1,626,200 $1,061,100
2019 $25,986 $2,687,300 $1,626,200 $1,061,100
2018 $25,744 $2,687,300 $1,626,200 $1,061,100
2017 $25,341 $2,687,300 $1,626,200 $1,061,100
2016 $24,374 $2,687,300 $1,626,200 $1,061,100
2015 $24,051 $2,687,300 $1,626,200 $1,061,100
2014 $23,702 $2,687,300 $1,626,200 $1,061,100
Source: Public Records

Agents Affiliated with this Home

  • Joseph Scarpati

    Seller's Agent in 2021

    Joseph Scarpati

    J PROPERTIES, LLC

    (609) 314-0907

    1 in this area

    56 Total Sales

    Joseph Scarpati
    Section Image
  • Damon Bready

    Buyer's Agent in 2021

    Damon Bready

    BHHS Fox & Roach

    (609) 703-3030

    39 in this area

    151 Total Sales

    Damon Bready
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 545647

South Jersey Shore Regional MLS

APN: 08-00070-28-00025

New Jersey Cape May County Ocean City 08226

234 E Atlantic Blvd, Ocean City, NJ

This home is located at 234 E Atlantic Blvd, Ocean City, NJ 08226 since 21 December 2020 and is currently estimated at $5,421,141, approximately $1,407 per square foot. 234 E Atlantic Blvd 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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