NOT LISTED FOR SALE

262 Bayshore Dr Ocean City, NJ 08226

Estimated Value: $3,267,000 - $4,155,789

4 Beds
3 Baths
-- Sq Ft
8,494 Sq Ft Lot

Last Sold June 13, 2022

Last sale price $2,792,000

Est. 38% increase in value since last sale

Current estimated payment $22,331/month

14 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Home fronts a lagoon or estuary
  • Ranch Style House
  • Ocean City Primary School Rated A
  • Recreation Room
  • Cathedral Ceiling

About This Home

As of June 2022

Views! Views! Views! There are views from every aspect of this Lagoon-front Single Family Home! Situated on an expansive 85x100 lot, the home carries endless opportunities! The property features 4 bedrooms and 3 full bathrooms with a welcoming entry into the great room. The great room is the focal point of the property with wall to wall sliding glass doors and cathedral ceilings laid with wooden beams, built in shelving and dual wood burning fireplace. Additional highlights include, ample storage space, a wet bar, laundry nook, and more! The exterior provides the perfect space for endless summer days and nights. There is a screened in porch, large deck, outside shower, 3 boat-slips and endless views!

Last Agent to Sell the Property

Dorothy Phillips

BHHS FOX and ROACH-109 34th OC Listed on: 02/11/2022

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Christopher Oliva

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,699

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 85 x 100
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor

Home Design

  • Ranch Style House
  • Stucco

Interior Spaces

  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Screened Porch
  • Storage
  • Water Views
  • Crawl Space

Kitchen

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

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Parking Pad

Pool

  • Outdoor Shower

Utilities

  • Central Air
  • Heating System Uses Oil
  • Oil Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,699

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Ranch
  • Age: 25+ Years
  • Also Includes: Blinds, Curtains
  • Lvt Date: 02/11/2022
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Living Room, Wood Burning
  • Flooring: Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Kitchen Center Island, Storage, Smoke/Fire Alarm
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Basement: Crawl Space
  • Other Rooms: Dining Room, Great Room, Recreation/Family

Exterior Features

  • Outside Features: Curbs, Outside Shower, Porch Screened, Sidewalks
  • Siding Exterior: Stucco
  • Storm Screens: Combination

Garage/Parking

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

Utilities

  • Air Conditioner: Central
  • Heating: Electric, Oil, Tank Above Ground
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Oil

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Lagoon Front, Water View
  • Lot Dimensions: 85 x 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2022
Closed on
Jun 13, 2022
Sold by
Mateer Barbara B
Bought by
Thj Properties Llc
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Christopher Oliva
Compass New Jersey-Ocean City (O463E)
List Price
$2,995,000
Sold Price
$2,792,000
Premium/Discount to List
-$203,000
-6.78%
Current Estimated Value
$3,842,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,050,930
Avg. Annual Appreciation
10.46%

Purchase Details

Closed on
Feb 7, 1986
Bought by
Mateer Raymond G and Mateer Barbara B
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
Thj Properties Llc $2,792,000 Surety Title
Mateer Raymond G $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mateer Raymond G $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2022 06/13/22 Sold $2,792,000 -6.8% --
02/25/2022 02/25/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $2,995,000 -- --
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 $16,699 $4,686,300 $1,472,000 $3,214,300
2024 $16,699 $1,488,300 $1,472,000 $16,300
2023 $15,940 $1,488,300 $1,472,000 $16,300
2022 $15,547 $1,535,200 $1,472,000 $63,200
2021 $11,265 $1,535,200 $1,472,000 $63,200
2020 $14,764 $1,535,200 $1,472,000 $63,200
2019 $14,595 $1,535,200 $1,472,000 $63,200
2018 $14,457 $1,535,200 $1,472,000 $63,200
2017 $14,227 $1,535,200 $1,472,000 $63,200
2016 $13,674 $1,535,200 $1,472,000 $63,200
2015 $13,490 $1,535,200 $1,472,000 $63,200
2014 $13,290 $1,535,200 $1,472,000 $63,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 559594

South Jersey Shore Regional MLS

APN: 08-01812-0000-00018