NOT LISTED FOR SALE

244 Cove Rd Newport, NJ 08345

Estimated Value: $482,883 - $550,000

3 Beds
2 Baths
2,220 Sq Ft
$229/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $522,444 $235 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,398/month

14 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Commercial Range
  • Deck
  • Gourmet Kitchen
  • Coastal Architecture
  • Cathedral Ceiling

About This Home

As of October 2023

STUNNING... the views at 244 Cove Road are absolutely stunning! Welcome to this beautifully designed and renovated bayfront home in quaint Gandy's Beach! Featuring 3 bedrooms and 2 full baths, this home is paradise found. With a concrete driveway and two-car under the home garage area, there is plenty of room for parking. The lower floor of this property also includes a large storage room, which is perfect for storing beach equipment, kayaks, rafts, tools and more. At the front door, you will enter a lovely foyer with access to a laundry/utility room with washer and dryer. Up the stairs, the main floor of the home boasts wood ceilings in the cathedral ceiling family room. In the heart of the family room, you will find a floor to ceiling fireplace and gorgeous wood bookcase wall (with antique wood ladder to access all the of storage space)! Off the family room, a sitting area/sunroom provides beautiful views of the Delaware Bay, with slider-door access to the large Trex Composite Decking. This deck has plenty of room for BBQs, dining, relaxing or entertaining your guests, and includes a large awning. Off the sunroom area, the dining area features additional windows with bay views for tons of natural sunlight. The kitchen area is conveniently located off the dining and family rooms, and includes stainless steel appliances, granite countertops, large breakfast bar and a Commerical Wolf Oven with stovetop/griddle. Down the hallway, you will find two bedrooms and a full bathroom with tub/shower and granite countertop. On the top floor you will discover great views of the family room below, and access to a bonus room with glass doors. Currently used as a media/flex room, this room could easily be used as an office or guest room... AND THE VIEWS! Also on the top floor, you will find an additional family room with its own gas fireplace and tons of room for media, furniture, or guest beds. Off this entertainment space the master bedroom features a large walk-in closet, bathroom with shower stall and attic access. Updates to this home also include: Bulkhead/Seawall extended from Bay to Driveway (2014), GAF Elk Country Mansion Roofing Installation (2017 - Lifetime Warranty), Hardie Fiber Cement Siding Installation (2018), Daikin Ductless Split Heat Pump System Installation (2018), Carpeting Installation (2021), Gourmet Kitchen Remodel (2021), Hot Water Heater Installation (2021), Luxury Vinyl Plank Floor Installation (2022). And,....did I mention the views?! Schedule your tour today before this amazing bayfront property is SOLD.

Last Agent to Sell the Property

Sarah Johnson

(541) 359-5309 sbjohnson@kw.com Keller Williams Prime Realty Listed on: 08/17/2023

Keller Williams Prime Realty

Last Buyer's Agent

Christopher Ferzoco

(609) 408-9817 christopherferzoco@gmail.com Keller Williams Realty - Ocean City License #0448907

Keller Williams Realty - Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,410

Year Built

  • Built in 1987

Lot Details

  • 3,202 Sq Ft Lot
  • Lot Dimensions are 40.00 x 80.00
  • Property Fronts a Bay or Harbor
  • Property is zoned R2

Parking

  • 2 Car Attached Garage
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Driveway

Home Design

  • Coastal Architecture
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 2,220 Sq Ft Home
  • Property has 3 Levels
  • Bar
  • Wood Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Entrance Foyer
  • Family Room Off Kitchen
  • Family Room on Second Floor
  • Sitting Room
  • Formal Dining Room
  • Storage Room
  • Bay Views
  • Attic

Kitchen

  • Gourmet Kitchen
  • Commercial Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Trash Compactor

Flooring

  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on lower level
  • Dryer
  • Washer

Outdoor Features

  • Bulkhead
  • Deck
  • Outdoor Storage

Utilities

  • Ductless Heating Or Cooling System
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association
  • "None Available" Subdivision

Listing and Financial Details

  • Tax Lot 00023
  • Assessor Parcel Number 04-00001-00023

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,410

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • Exclusions: Maritime Decor, Freezer, Deck Furniture (table, chairs and combo set), Driftwood table, Seller's Personal property (other than furniture)
  • Inclusions: Washer, Dryer, Refrigerator, Dishwasher, Trash Compactor (as-is), Commerical Oven/Stovetop, Microwave, Awning
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 1987
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Commercial Range, Dishwasher, Dryer, Microwave, Refrigerator, Stainless Steel Appliances, Trash Compactor, Washer
  • Flooring Type: Carpet, Luxury Vinyl Plank, Ceramic Tile
  • Interior Amenities: Attic, Bar, Carpet, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Gourmet, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s)
  • Fireplace Features: Fireplace - Glass Doors, Gas/Propane, Wood
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, Dry Wall, Wood Ceilings
  • Foundation Details: Pillar/Post/Pier
  • Levels Count: 3
  • Room List: Dining Room, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Bedroom 1, 2nd Stry Fam Rm, Laundry, Storage Room, Bathroom 1, Bathroom 2
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 2220
  • Living Area Sq Ft: 2220
  • Price Per Sq Ft: 220.27
  • Above Grade Finished Sq Ft: 2220
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Hardiplank Type
  • Exterior Features: Secure Storage
  • Roof: Shingle
  • View: Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Concrete Driveway, Private
  • Garage Features: Garage - Front Entry, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split, Window Unit(s)
  • Heating Fuel: Propane - Leased
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Private Sewer
  • Water Source: Community

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Lot Features: Bulkheaded
  • Lot Size Acres: 0.07
  • Lot Dimensions: 40.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3202.00
  • Outdoor Living Structures: Deck(s)
  • Zoning: R2

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6410.00
  • Assessor Parcel Number: 04-00001-00023
  • Tax Lot: 00023
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2000
Sold by
Bay Consulting Inc
Bought by
Patullo Dennis J and Patullo Janet M
Current Estimated Value
$508,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,400
Outstanding Balance
$46,509
Interest Rate
8.59%
Estimated Equity
$462,452
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patullo Dennis J $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patullo Dennis J $130,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $522,444 +6.8% $235 / Sq Ft
08/31/2023 08/31/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $489,000 -- $220 / 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
2025 $8,652 $300,000 $150,000 $150,000
2024 $8,652 $300,000 $150,000 $150,000
2023 $6,575 $250,000 $150,000 $100,000
2022 $6,410 $250,000 $150,000 $100,000
2021 $6,103 $355,000 $200,000 $155,000
2020 $8,538 $355,000 $200,000 $155,000
2019 $8,396 $355,000 $200,000 $155,000
2018 $8,506 $355,000 $200,000 $155,000
2017 $8,169 $355,000 $200,000 $155,000
2016 $8,161 $355,000 $200,000 $155,000
2015 $7,654 $355,000 $200,000 $155,000
2014 $7,059 $353,500 $200,000 $153,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB2014068

Bright MLS

APN: 04-00001-0000-00023