NOT LISTED FOR SALE

Estimated Value: $1,824,000 - $2,133,000

5 Beds
3 Baths
-- Sq Ft
5,000 Sq Ft Lot

Last Sold March 26, 2021

Last sale price $1,122,600

Est. 77% increase in value since last sale

Current estimated payment $11,595/month

Highlights

  • Ocean View
  • Building is oceanfront but unit may not have water views
  • No HOA
  • New Construction
  • Dual Staircase
  • 2 Car Direct Access Garage

About This Home

As of March 2021

New Construction in Ship Bottom! Two blocks from the beach. Amazing home with 5 bedrooms (2 suites) and 3 full bathrooms. This 2,753 Sf home offers, 2 car garage (1,258 Sf) with great storage area, outdoor Shower and changing area, Dual zoned HVAC (2 Unities), Roof top fiberglass deck with an ocean view (18x14), fire place, front fiberglass deck.

Last Agent to Sell the Property

Wallace Chaves

(856) 252-4225 wallacechaves@kw.com Keller Williams Realty - Moorestown Listed on: 11/11/2020

Keller Williams Realty - Moorestown

Last Buyer's Agent

Ann Marie Corsetto

(609) 290-9484 annmarierealtor@comcast.net RE/MAX at Barnegat Bay - Manahawkin

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,937

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • Building is oceanfront but unit may not have water views
  • Property is in excellent condition
  • Property is zoned R1

Parking

  • 2 Car Direct Access Garage
  • Basement Garage
  • Oversized Parking
  • Parking Storage or Cabinetry
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Dual Staircase
  • Living Room
  • Dining Room
  • Ocean Views
  • Laundry on main level

Bedrooms and Bathrooms

  • En-Suite Primary Bedroom
  • Walk-In Closet

Pool

  • Outdoor Shower

Utilities

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

Community Details

  • No Home Owners Association
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 00010 03
  • Assessor Parcel Number 29-00109-00010 03

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,937

Year Built

Built in 2020 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Year Built: 2020
  • Automatically Close On Close Date: No
  • Remarks Public: New Construction in Ship Bottom! Two blocks from the beach. Amazing home with 5 bedrooms (2 suites) and 3 full bathrooms. This 2,753 Sf home offers, 2 car garage (1,258 Sf) with great storage area, outdoor Shower and changing area, Dual zoned HVAC (2 Unities), Roof top fiberglass deck with an ocean view (18x14), fire place, front fiberglass deck.
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Additional Stairway, Walk-In Closet(s)
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 244

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • View: Ocean
  • 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: Crushed Stone
  • Garage Features: Garage - Front Entry, Basement Garage, Additional Storage Area, Inside Access, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Zoned, Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Private

Condo/Co-op/Association

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Land Assessed Value: 277900.00
  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 11230607
  • Tax Annual Amount: 2937.00
  • Assessor Parcel Number: 29-00109-00010 03
  • Tax Lot: 00010 03
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/26/2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Mar 26, 2021
Sold by
Carvalho Property Management Llc
Bought by
Borman Michael C and Borman Jill K
Seller's Agent
Wallace Chaves
Keller Williams Realty - Moorestown
Buyer's Agent
Ann Marie Corsetto
RE/MAX at Barnegat Bay - Manahawkin
List Price
$1,200,000
Sold Price
$1,122,600
Premium/Discount to List
-$77,400
-6.45%
Current Estimated Value
$1,992,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$869,877
Avg. Annual Appreciation
13.44%
Original Mortgage
$131,835
Outstanding Balance
$118,645
Interest Rate
2.8%
Estimated Equity
$1,873,832

Purchase Details

Listed on
Jun 2, 2018
Closed on
Mar 17, 2020
Sold by
Mayo Joseph P
Bought by
Carvalho Property Management Llc
Seller's Agent
Joseph Mayo
RE/MAX of Long Beach Island
Buyer's Agent
Wallace Chaves
Keller Williams Realty - Moorestown
List Price
$368,000
Sold Price
$340,000
Premium/Discount to List
-$28,000
-7.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
222.53%

Purchase Details

Listed on
Aug 9, 2016
Closed on
Aug 1, 2017
Sold by
Gardner John
Bought by
Mayo Joseph P
Seller's Agent
Charles Perkins
RE/MAX of Long Beach Island
Buyer's Agent
Joseph Mayo
RE/MAX of Long Beach Island
List Price
$328,000
Sold Price
$280,000
Premium/Discount to List
-$48,000
-14.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Listed on
May 18, 2014
Closed on
Jul 29, 2016
Sold by
Elizabeth A Kelly Estate
Bought by
Gardner John
Seller's Agent
Carol Davis
Weichert Realtors-Ship Bottom
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.09%

Purchase Details

Closed on
Jun 11, 1992
Bought by
Bushko Carolyn
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
Borman Michael C $1,122,600 Landguard Title Services Llc
Borman Michael C $1,122,600 Chicago Title
Carvalho Property Management Llc $340,000 Your Hometown Title Llc
Mayo Joseph P $280,000 --
Gardner John $365,000 --
Bushko Carolyn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borman Michael C $131,835
Open Borman Michael C $822,375
Closed Borman Michael C $822,375
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/26/2021 03/26/21 Sold $1,122,600 -6.5% --
11/28/2020 11/28/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $1,200,000 +252.9% --
03/17/2020 03/17/20 Sold $340,000 -5.2% -- View Prior Sale
03/04/2020 03/04/20 Pending -- -- --
08/20/2019 08/20/19 Price Changed $358,500 -2.6% --
06/02/2018 06/02/18 For Sale $368,000 +0.8% --
07/29/2016 07/29/16 Sold $365,000 -- -- View Prior Sale
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 $12,385 $1,027,800 $277,900 $749,900
2024 $11,809 $1,027,800 $277,900 $749,900
2023 $10,884 $1,027,800 $277,900 $749,900
2022 $10,884 $1,027,800 $277,900 $749,900
2021 $2,929 $277,900 $277,900 $0
2020 $2,937 $277,900 $277,900 $0
2019 $2,940 $277,900 $277,900 $0
2018 $2,946 $277,900 $277,900 $0
2017 $2,754 $277,900 $277,900 $0
2016 $4,903 $442,900 $385,000 $57,900
2015 $5,401 $500,100 $385,000 $115,100
2014 $5,396 $500,100 $385,000 $115,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC405020

Bright MLS

APN: 29 00109-0000-00010- 03