NOT LISTED FOR SALE

279 Bayshore Dr Ocean City, NJ 08226

Estimated Value: $6,430,000 - $7,582,000

5 Beds
6 Baths
-- Sq Ft
0.26 Acres

Last Sold September 06, 2022

Last sale price $5,600,000

Est. 23% increase in value since last sale

Current estimated payment $41,058/month

278 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Sauna
  • Ocean City Primary School Rated A
  • Cabana
  • Deck

About This Home

As of September 2022

A magnificent Victorian style home with panoramic bay views. The Interior is professionally decorated, meticulously maintained and consists of 5 bedrooms, 4 full baths and 2 half baths and a gourmet kitchen with sub zero, Dacor, Viking and Wolf appliances. There are inlaid cherry floors and mahogany interior doors and state of the art radiant in floor heating along with 4 zones of air conditioning. Up and down laundry rooms and a third floor, fully equipped workout room with a steam shower and sauna. Master bedroom suite has his and her walk in closets, a dressing area, whirlpool bath and private office. Second floor game room has pool table, dart board and pin ball machines. The exterior features huge ipe decks, multiple seating areas and 4 boat slips. There is both a fixed pier and floating docks. This home is ready for the most discriminating buyer.

Last Agent to Sell the Property

Walter Shallcross

CENTURY 21 ALLIANCE-O1O4J License #0017559 Listed on: 09/04/2021

CENTURY 21 ALLIANCE-O1O4J

Co-Listed By

Jeffrey Stull

CENTURY 21 ALLIANCE-O1O4J

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

BHHS FOX and ROACH-West Ave OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $43,837

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 113x100
  • Property Fronts a Bay or Harbor
  • Cul-De-Sac
  • Sprinkler System

Home Design

  • Victorian Architecture
  • Wood Siding

Interior Spaces

  • Elevator
  • Furnished
  • Gas Log Fireplace
  • Insulated Windows
  • Shades
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Recreation Room
  • Sun or Florida Room
  • Screened Porch
  • Storage
  • Sauna
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Cedar Closet
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Automatic Garage Door Opener

Pool

  • Cabana
  • Spa
  • Outdoor Shower

Outdoor Features

  • Boat Slip
  • Deck
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$43,837

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Victorian
  • Age: 16 To 20 Years
  • Also Includes: Blinds, Curtains, Drapes, Fireplace Equipment, Furnished, Rugs, Shades
  • Lvt Date: 09/07/2021
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Burglar Alarm, Disposal, Dishwasher, Dryer, Gas Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Carbon Monoxide Detector, Cedar Closet, Elevator, Kitchen Center Island, Sauna, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Crawl Space
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Room, Eat In Kitchen, Florida Room, Laundry/Utility Room, Library/Study, Pantry, Recreation/Family, Storage Attic

Exterior Features

  • Outside Features: Boat Slip, Cabana, Deck, Outside Shower, Patio, Paved Road, Porch, Porch Screened, Sprinkler System, Whirlpool/Spa
  • Siding Exterior: Wood
  • Storm Screens: Insulated Glass

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage, Auto Door Opener, Heated Garage
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural, Hot Water, Multi-Zoned, Radiant
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Bay Front, Bulkheaded, Cul-De-Sac, Docks, Water View
  • Lot Dimensions: 113x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Aug 25, 2022
Sold by
Chandler and Pamela
Bought by
Kane Patrick and Kane Kelly
Seller's Agent
Walter Shallcross
CENTURY 21 ALLIANCE-O1O4J
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$6,750,000
Sold Price
$5,600,000
Premium/Discount to List
-$1,150,000
-17.04%
Views
15
Current Estimated Value
$6,864,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,264,796
Avg. Annual Appreciation
7.10%
Original Mortgage
$3,920,000
Outstanding Balance
$3,758,920
Interest Rate
5.55%
Estimated Equity
$3,105,876

Purchase Details

Listed on
Mar 27, 2012
Closed on
Jul 3, 2012
Sold by
Idzik Edward and Idzik Barbara Ann
Bought by
Chandler Robert and Chandler Pamela
Seller's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Walter Shallcross
CENTURY 21 ALLIANCE-O1O4J
List Price
$3,840,000
Sold Price
$3,840,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.78%
Original Mortgage
$1,300,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 1998
Sold by
Young Kathryn E
Bought by
Idzik Edward and Idzik Barbara
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
Kane Patrick $5,600,000 Freedom Title
Chandler Robert $3,840,000 Shore Title
Idzik Edward $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kane Patrick $3,920,000
Previous Owner Chandler Robert $1,160,000
Previous Owner Chandler Robert $1,275,000
Previous Owner Chandler Robert $1,300,000
Previous Owner Idzik Edward $938,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Sold $5,600,000 -9.7% --
06/09/2022 06/09/22 Pending -- -- --
05/23/2022 05/23/22 Price Changed $6,200,000 -3.1% --
03/23/2022 03/23/22 Price Changed $6,400,000 -5.2% --
09/04/2021 09/04/21 For Sale $6,750,000 +75.8% --
07/03/2012 07/03/12 Sold $3,840,000 0.0% --
05/19/2012 05/19/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $3,840,000 -- --
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 $43,837 $3,907,000 $2,418,800 $1,488,200
2024 $43,837 $3,907,000 $2,418,800 $1,488,200
2023 $41,844 $3,907,000 $2,418,800 $1,488,200
2022 $40,203 $3,907,000 $2,418,800 $1,488,200
2021 $39,265 $3,907,000 $2,418,800 $1,488,200
2020 $38,210 $3,907,000 $2,418,800 $1,488,200
2019 $37,781 $3,907,000 $2,418,800 $1,488,200
2018 $39,504 $4,123,600 $2,162,000 $1,961,600
2017 $38,886 $4,123,600 $2,162,000 $1,961,600
2016 $37,401 $4,123,600 $2,162,000 $1,961,600
2015 $40,977 $4,578,400 $1,989,000 $2,589,400
2014 $40,381 $4,578,400 $1,989,000 $2,589,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 555144

South Jersey Shore Regional MLS

APN: 08-01812-0000-00011