270 W 16th St Ship Bottom, NJ 08008
Long Beach Island Neighborhood
6
Beds
3.5
Baths
2,785
Sq Ft
5,998
Sq Ft Lot
Highlights
- New Construction
- Bayside
- 2 Car Attached Garage
- Private Pool
- No HOA
- Doors with lever handles
About This Home
As of December 2024*** LBI RENTAL INVESTORS *** ABOVE AVERAGE ROI *** TURN-KEY *** Fully furnished, 6 Bed, 3.5 Bath home, designed by Craig W. Brearley and built by Don Ruggieri, completed in June 2023, features 2,791 SF of contemporary reversed living. The upper level features an open concept space with living room and gourmet kitchen that includes top of the line Wolf and Sub-Zero appliances along with quartz countertops. Off the kitchen is a large pantry and half bath. Opposite the living room is a large primary bedroom with an ensuite with separate his and her closets.
The mid-level floor has its own primary bedroom and covered walk out deck, two additional bedrooms plus two bunk rooms. The bunk rooms each contain two sets of twin over full bunk beds and this level includes two full baths. The laundry room is also on this level.
Additional features include a 3-Stop elevator, rooftop deck and fire pit, two covered porches with ceiling fans, black Anderson 400 windows, CertainTeed Cedar Impressions vinyl siding, heated saltwater pool, outdoor kitchen with custom granite bar, grill and fridge, natural gas fire table, covered outdoor living space, paver patio, outdoor shower, paver driveway & breezeway. Two car garage. Just two blocks from the beach and one block from the bay. $15K Property Taxes.
Currently an excellent rental property with an in-season rate of $15,000/week. Approximately $185K to date in 2024 rental income. Remaining 2024 leases: Aug 31-Sept 7, Sept 14-Sept 21, Oct 3-Oct 6, Oct 17-Oct 20 and Nov 21-Nov 24. *** There are presently Seven (7) 2025 Signed Contracts for the following dates: June 7-14, June 28-July 5, July 26-August 2, August 2-9, August 9-16, August 30-September 6, 2025 ***. See VRLBI (LISTING #2871) for live dates and rates. 1031 Exchange.
Last Agent to Sell the Property
The Van Dyk Group - Long Beach Island Listed on: 09/13/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,700
Year Built
- Built in 2023 | New Construction
Lot Details
- 5,998 Sq Ft Lot
- Property is in excellent condition
- Property is zoned R1
Parking
- 2 Car Attached Garage
- 4 Driveway Spaces
- Garage Door Opener
Home Design
- Pillar, Post or Pier Foundation
- Aluminum Siding
Interior Spaces
- 2,785 Sq Ft Home
- Property has 3 Levels
- Instant Hot Water
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
Location
- Flood Risk
- Bayside
Utilities
- Forced Air Heating and Cooling System
- Cooling System Utilizes Natural Gas
Additional Features
- Doors with lever handles
- Private Pool
Community Details
- No Home Owners Association
- Built by Don Ruggieri
- Ship Bottom Subdivision
Listing and Financial Details
- Property is used as a vacation rental
- Tax Lot 00016
- Assessor Parcel Number 29-00064-00016
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 13, 2024
Closed on
Nov 26, 2024
Sold by
5 Mars Court Llc
Bought by
Flynn Kristofer and Flynn Daphne J
Seller's Agent
Arthur Rosenbaum
The Van Dyk Group - Long Beach Island
Buyer's Agent
Jason Gareau
Long & Foster Real Estate, Inc.
List Price
$2,650,000
Sold Price
$2,575,000
Premium/Discount to List
-$75,000
-2.83%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332
Avg. Annual Appreciation
2.36%
Original Mortgage
$1,675,000
Outstanding Balance
$1,667,794
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$941,013
Purchase Details
Closed on
May 23, 2023
Sold by
Building Lbi Llc
Bought by
5 Mars Court Llc
Purchase Details
Listed on
Jun 30, 2022
Closed on
Dec 6, 2022
Sold by
Miller Herbert H
Bought by
Building Lbi Llc
Seller's Agent
Bianca Migliacci
Coastal Living Real Estate Group
Buyer's Agent
Theresa Ruggieri
BHHS Zack Shore REALTORS
List Price
$969,000
Sold Price
$907,500
Premium/Discount to List
-$61,500
-6.35%
Views
36
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.55%
Original Mortgage
$1,250,000
Interest Rate
6.95%
Mortgage Type
Construction
Similar Home in Ship Bottom, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,575,000 | Surety Title | |
| Deed | $2,250,000 | Chicago Title Insurance Compan | |
| Deed | $907,500 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,675,000 | New Conventional | |
| Previous Owner | $100,000 | New Conventional | |
| Previous Owner | $1,250,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/02/2024 12/02/24 | Sold | $2,575,000 | -2.8% | $925 / Sq Ft |
| 10/02/2024 10/02/24 | Pending | -- | -- | -- |
| 09/13/2024 09/13/24 | For Sale | $2,650,000 | +192.0% | $952 / Sq Ft |
| 12/13/2022 12/13/22 | Sold | $907,500 | -6.3% | $473 / Sq Ft |
| 12/08/2022 12/08/22 | Price Changed | $969,000 | 0.0% | $505 / Sq Ft |
| 12/08/2022 12/08/22 | For Sale | $969,000 | 0.0% | $505 / Sq Ft |
| 11/29/2022 11/29/22 | Price Changed | $969,000 | 0.0% | $505 / Sq Ft |
| 11/29/2022 11/29/22 | For Sale | $969,000 | 0.0% | $505 / Sq Ft |
| 10/24/2022 10/24/22 | Pending | -- | -- | -- |
| 10/15/2022 10/15/22 | Price Changed | $969,000 | -1.0% | $505 / Sq Ft |
| 09/15/2022 09/15/22 | Price Changed | $979,000 | -1.0% | $510 / Sq Ft |
| 08/02/2022 08/02/22 | Price Changed | $989,000 | -1.0% | $515 / Sq Ft |
| 06/30/2022 06/30/22 | For Sale | $999,000 | -- | $520 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $15,006 | $1,306,000 | $350,000 | $956,000 |
| 2023 | $5,701 | $538,300 | $350,000 | $188,300 |
| 2022 | $5,701 | $538,300 | $350,000 | $188,300 |
| 2021 | $5,479 | $538,300 | $350,000 | $188,300 |
| 2020 | $5,690 | $538,300 | $350,000 | $188,300 |
| 2019 | $5,695 | $538,300 | $350,000 | $188,300 |
| 2018 | $5,706 | $538,300 | $350,000 | $188,300 |
| 2017 | $5,335 | $538,300 | $350,000 | $188,300 |
| 2016 | $4,698 | $424,400 | $295,000 | $129,400 |
| 2015 | $4,584 | $424,400 | $295,000 | $129,400 |
| 2014 | $4,579 | $424,400 | $295,000 | $129,400 |
Source: Public Records
Agents Affiliated with this Home
-
Arthur Rosenbaum
Seller's Agent in 2024
Arthur Rosenbaum
The Van Dyk Group - Long Beach Island
(609) 433-8344
13 in this area
21 Total Sales
-
Jason Gareau
Buyer's Agent in 2024
Jason Gareau
Long & Foster
(609) 929-4486
7 in this area
264 Total Sales
-
Bianca Migliacci
Seller's Agent in 2022
Bianca Migliacci
Coastal Living Real Estate Group
(609) 290-7894
7 in this area
7 Total Sales
-
Theresa Ruggieri
Buyer's Agent in 2022
Theresa Ruggieri
BHHS Zack Shore REALTORS
(845) 507-7900
15 in this area
21 Total Sales
Map
Source: Bright MLS
MLS Number: NJOC2028202
APN: 29-00064-0000-00016
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