NOT LISTED FOR SALE

29 Bay Ave Ocean City, NJ 08226

Estimated Value: $2,886,260 - $2,912,000

5 Beds
4.5 Baths
1,326 Sq Ft
$2,186/Sq Ft Est. Value

Last Sold August 20, 2024

Last sale price $2,760,000 $2,081 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $16,226/month

376 Days on Market

Highlights

  • Water Views
  • New Construction
  • Deck
  • Ocean City Primary School Rated A
  • In Ground Pool
  • Wood Flooring

About This Home

As of August 2024

This magnificent custom home built by Michael James Custom Builders in the North End neighborhood on the threshold of the Gardens. This spectacular Jersey Shore retreat will boast breathtaking bay views featured in the aerial drone photos of this property that will leave you in awe. Using a high-end exterior package showcasing the timeless elegance of James Hardie siding, allows for coastal beauty to seamlessly combine with high end performance. Our luxury build feature's 5 spacious bedrooms and 4 and a half lavish bathrooms providing ample space for you and your loved ones to relax and unwind and take in beautiful Bay views. The owner's suite is located on its own private level. There are 6 levels in this 3 floor home, all 6 levels have an elevator entrance. The 2nd level has soaring 9' ceilings. The kitchen is an entertainers dream with custom cabinetry, high end appliances, and open concept main living space with fully equipped wet bar perfect for hosting guests. Working from home is possible with your own study that offers privacy, stunning natural light and an awesome Bay view. This home boasting five decks with panoramic views which include the Bay, both the 9th street Bridge and the Longport Bridge as well as the Boardwalks Ferris Wheel it also provides the perfect spot to soak up the sun and enjoy the fresh Jersey shore breeze. off the Bay. With a custom pool with Blue Travertine Tile deck that is a true oasis, perfect for those hot summer days. Your custom home wouldn’t be complete without its own residential elevator servicing all floors and an attached two car garage. Do not miss your chance to own this incredible property in iconic Ocean City, NJ. Contact us today and schedule a viewing to experience the beauty 29 Bay Avenue offers. Seller Contribution towards Closing Costs with an acceptable offer.

Last Agent to Sell the Property

Michael Marchese

COLDWELL BANKER REALTY - Haddonfield Listed on: 07/10/2023

COLDWELL BANKER REALTY - Haddonfield

Last Buyer's Agent

Damon Bready

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,152

Year Built

  • Built in 2024 | New Construction

Lot Details

  • Lot Dimensions are 40x115
  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Siding
  • Concrete Siding
  • Shingle Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Bar
  • Insulated Windows
  • Family Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Storage
  • Water Views
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Interior Basement Entry
  • Stone or Rock in Basement
  • Crawl Space

Home Security

  • Home Security System
  • Intercom
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Handicap Accessible

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

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

Community Details

  • North End Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,152

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • Lvt Date: 08/22/2024
  • New Construction: Yes
  • Year Built: 2024
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Intercom, Microwave, Refrigerator, Self Cleaning Oven, Trash Compactor, Washer
  • Fireplace: Built-In, Family Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Bar, Carbon Monoxide Detector, Elevator, Handicap Features, Kitchen Center Island, Security System, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 5
  • Bedroom 1: Size: Primary 14 2" BY 13, On Level: Upper
  • Bedroom 2: Size: 16 11.5" by 11.8", On Level: Lower
  • Bedroom 3: Size: 14 4 by 11.8", On Level: Lower
  • Bedroom 4: Size: 14 4 BY 12', On Level: Lower
  • Bedroom 5: Size: 11 1" BY 12 1", On Level: Main
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathroom 1 Level: Lower
  • Bathroom 2 Level: Lower
  • Bathroom 3 Level: Upper
  • Basement: Crawl Space, Inside Entrance, Masonry Floor/Wall, Slab, Unfinished
  • Dining Room: Size: 14 4" BY 13 2.5", On Level: Main
  • Family Room: Size: 14 11.5" BY 14 3.5", On Level: Lower
  • Kitchen: Size: 14 2" BY 13', On Level: Main
  • Living Room: Size: 14 8" BY 21 7", On Level: Main
  • Powder Room Level: Main
  • Other Rooms: Den/Tv Room, Dining Area, Dining Room, Eat In Kitchen, Laundry/Utility Room, Library/Study, Pantry, Storage Attic

Exterior Features

  • Outside Features: Deck, Fenced Yard, Handicap Access, Outside Shower, Patio, Paved Road, Pool-In Ground, Porch, Sidewalks, Sprinkler System, Enclosed Outside Shower
  • Siding Exterior: Concrete, Shingle, Wood, Fiber Cement Board Siding
  • Storm Screens: Insulated Glass, Screens, Storms

Garage/Parking

  • Driveway: Blacktop
  • Garage: Two Car, Attached Garage
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Location: Water View
  • Lot Dimensions: 40X115
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Aug 20, 2024
Sold by
Virtuous Homes Llc
Bought by
Eastlack Christopher W and Eastlack Rebecca S
Seller's Agent
Michael Marchese
COLDWELL BANKER REALTY - Haddonfield
Buyer's Agent
Damon Bready
BHHS FOX and ROACH-Simpson OC
List Price
$2,849,900
Sold Price
$2,760,000
Premium/Discount to List
-$89,900
-3.15%
Views
449
Current Estimated Value
$2,899,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$139,130
Avg. Annual Appreciation
4.94%
Original Mortgage
$1,785,000
Outstanding Balance
$1,764,002
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,135,128

Purchase Details

Listed on
Jan 17, 2023
Closed on
Apr 28, 2023
Sold by
Greene Damon and Greene Tiffany
Bought by
Virtuous Homes Llc
Seller's Agent
RONALD C GIFFORD JR.
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Michael Marchese
COLDWELL BANKER REALTY - Haddonfield
List Price
$1,099,900
Sold Price
$1,040,000
Premium/Discount to List
-$59,900
-5.45%
Views
175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
109.47%

Purchase Details

Closed on
Aug 19, 2022
Sold by
Schmitt Henry W
Bought by
Greene Damon and Greene Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
5.13%

Purchase Details

Closed on
Nov 24, 2015
Sold by
Seaman Barbara A
Bought by
Schmitt Henry W and Schmitt Marcella S
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
Eastlack Christopher W $2,760,000 Trident Land Transfer
Virtuous Homes Llc $1,040,000 Freedom Title
Greene Damon $1,090,000 Freedom Title
Schmitt Henry W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eastlack Christopher W $1,785,000
Previous Owner Greene Damon $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2024 08/20/24 Sold $2,760,000 -3.2% $2,081 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
06/14/2024 06/14/24 Price Changed $2,850,000 0.0% $2,149 / Sq Ft
07/10/2023 07/10/23 For Sale $2,849,900 +174.0% $2,149 / Sq Ft
04/28/2023 04/28/23 Sold $1,040,000 -5.4% $784 / Sq Ft
04/14/2023 04/14/23 Pending -- -- --
01/17/2023 01/17/23 For Sale $1,099,900 -- $829 / Sq Ft
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 $5,152 $1,610,900 $459,200 $1,151,700
2024 $5,152 $459,200 $459,200 $0
2023 $5,587 $521,700 $459,200 $62,500
2022 $5,368 $521,700 $459,200 $62,500
2021 $5,243 $521,700 $459,200 $62,500
2020 $5,102 $521,700 $459,200 $62,500
2019 $5,045 $521,700 $459,200 $62,500
2018 $4,998 $521,700 $459,200 $62,500
2017 $4,920 $521,700 $459,200 $62,500
2016 $4,732 $521,700 $459,200 $62,500
2015 $4,669 $521,700 $459,200 $62,500
2014 $4,601 $521,700 $459,200 $62,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 575728

South Jersey Shore Regional MLS

APN: 08-00014-0000-00002