Seller's Agent in 2022
Michele Kelly
S. Kelly Real Estate LLC
(856) 457-2830
6 in this area
297 Total Sales
275 Cove Rd Newport, NJ 08345
Estimated Value: $117,000 - $206,000
--
Bed
--
Bath
716
Sq Ft
$209/Sq Ft
Est. Value
About This Home
As of February 2022This Fannie Mae Homepath property is full of potential to customize your bay view home in Gandy's Beach. This home is waiting for your finishing touches which will allow you to determine where you would like to have your kitchen, living room, bedrooms and bathroom. The views are amazing from the front and rear of this home especially during sunrise and sunset. The large wrap around deck starts across the front of the home, down the side and in the rear of the home. The septic system will need to be replaced and the well is shared with the neighboring properties.
Last Agent to Sell the Property
S. Kelly Real Estate LLC License #9696746 Listed on: 10/20/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,728
Year Built
- Built in 1975
Lot Details
- 3,120 Sq Ft Lot
- Lot Dimensions are 39.00 x 80.00
- Property is zoned R1
Home Design
- Bungalow
- Piling Construction
Interior Spaces
- 716 Sq Ft Home
- Property has 1 Level
Utilities
- On Site Septic
Community Details
- No Home Owners Association
- Gandy' S Beach Subdivision
Listing and Financial Details
- Tax Lot 00036
- Assessor Parcel Number 04-00002-00036
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 20, 2021
Closed on
Feb 10, 2022
Sold by
Fannie Mae
Bought by
Norris Tammy L and Michaels Lisa
Seller's Agent
Michele Kelly
S. Kelly Real Estate LLC
Buyer's Agent
Michele Kelly
S. Kelly Real Estate LLC
List Price
$119,900
Sold Price
$65,000
Premium/Discount to List
-$54,900
-45.79%
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
$84,446
Avg. Annual Appreciation
26.77%
Purchase Details
Closed on
Jul 19, 2021
Sold by
Newrez Llc
Bought by
Fnma
Purchase Details
Listed on
Mar 25, 2015
Closed on
Dec 22, 2015
Sold by
Thornburgh Ronald E and Thornburgh Mary Jo
Bought by
Saar Rehna M
Seller's Agent
Michele Wheaton
Wheaton Real Estate LLC
Buyer's Agent
Michele Wheaton
Wheaton Real Estate LLC
List Price
$50,000
Sold Price
$50,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.96%
Original Mortgage
$25,000
Interest Rate
3.25%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 5, 2003
Sold by
Smith Lemeta
Bought by
Thornburg Ronald E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
6.31%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Norris Tammy L | $65,000 | Boston National Title | |
| Fnma | -- | None Available | |
| Newrez Llc | -- | None Listed On Document | |
| Saar Rehna M | $53,000 | None Available | |
| Thornburg Ronald E | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Saar Rhena M | $25,000 | |
| Previous Owner | Saar Rehna M | $47,700 | |
| Previous Owner | Thornburg Ronald E | $112,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/25/2022 02/25/22 | Sold | $65,000 | -10.3% | $91 / Sq Ft |
| 01/31/2022 01/31/22 | Pending | -- | -- | -- |
| 01/13/2022 01/13/22 | Price Changed | $72,500 | -9.3% | $101 / Sq Ft |
| 12/27/2021 12/27/21 | Price Changed | $79,900 | -15.8% | $112 / Sq Ft |
| 12/14/2021 12/14/21 | Price Changed | $94,900 | -13.6% | $133 / Sq Ft |
| 11/29/2021 11/29/21 | Price Changed | $109,900 | -8.3% | $153 / Sq Ft |
| 10/20/2021 10/20/21 | For Sale | $119,900 | +126.2% | $167 / Sq Ft |
| 09/30/2015 09/30/15 | Sold | $53,000 | +6.0% | $74 / Sq Ft |
| 06/21/2015 06/21/15 | Pending | -- | -- | -- |
| 03/25/2015 03/25/15 | For Sale | $50,000 | -- | $70 / 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 |
|---|---|---|---|---|
| 2025 | $3,493 | $121,100 | $100,000 | $21,100 |
| 2024 | $3,493 | $121,100 | $100,000 | $21,100 |
| 2023 | $3,185 | $121,100 | $100,000 | $21,100 |
| 2022 | $3,105 | $121,100 | $100,000 | $21,100 |
| 2021 | $2,956 | $121,100 | $100,000 | $21,100 |
| 2020 | $2,912 | $121,100 | $100,000 | $21,100 |
| 2019 | $2,864 | $121,100 | $100,000 | $21,100 |
| 2018 | $2,902 | $121,100 | $100,000 | $21,100 |
| 2017 | $2,787 | $121,100 | $100,000 | $21,100 |
| 2016 | $5,474 | $238,100 | $180,000 | $58,100 |
| 2015 | $5,133 | $238,100 | $180,000 | $58,100 |
| 2014 | $4,755 | $238,100 | $180,000 | $58,100 |
Source: Public Records
Agents Affiliated with this Home
-
Michele Kelly
-
Michele Wheaton
Seller's Agent in 2015
Michele Wheaton
Wheaton Real Estate LLC
(609) 501-5157
1 in this area
94 Total Sales
-
datacorrect BrightMLS
d
Seller Co-Listing Agent in 2015
datacorrect BrightMLS
Non Subscribing Office
-
K
Buyer's Agent in 2015
Keith Rossetti
Wheaton Real Estate LLC
Map
Source: Bright MLS
MLS Number: NJCB2002426
APN: 04-00002-0000-00036
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