NOT LISTED FOR SALE

29 Bay Rd Ocean City, NJ 08226

Estimated Value: $3,259,798 - $3,629,000

6 Beds
6 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold September 29, 2021

Last sale price $2,560,000

Est. 35% increase in value since last sale

Current estimated payment $20,093/month

Highlights

  • Water Views
  • In Ground Pool
  • Family Room with Fireplace
  • Ocean City Primary School Rated A
  • Deck
  • Recreation Room

About This Home

As of September 2021

Beautiful coastal chic inspired 6 BR, 6 Bath multigenerational home, elevator access to all three floors, located in the Gardens with views of open bay and lots of parking! Welcome to your new family resort! As you enter the covered front porch with extra wide striped gray and white awnings, you can enjoy the summer breezes while swinging on the roped chain loveseat. A private 1st Fl Family Room (7th BR) has a large TV, surround sound, gas fireplace, wet bar, mini refrigerator, insta hot/cold water dispenser, with access to front porch. The 1st Fl has 3 BRs (two BRs have attached full bathrooms), half bath in hallway, and large laundry room. The 2nd Fl bright & cheery LR has a cathedral ceiling, stunning hand beaded Restoration Hardware chandelier, gas fireplace, surround sound speakers, entrance to top deck for entertaining and sunsets. The kitchen is the heart of the home with stainless steel appliances, 2 dishwashers, gray & white quartz counters, backsplash, and island. The DR has architectural charm with columns, coffered ceiling, modern crystal chandelier and large bay window. The primary bedroom is off kitchen with cathedral ceiling, custom white cabinetry, large walk-in closet, spacious bathroom with Italian white marble and jacuzzi. The 3rd Fl stairs flow into loft hallway, 2 BRs and full bath. Backyard is fenced in with private porch, patio, heated saltwater pool, a single garage with heat, refrigerator/freezer and wine coolers.(Please see virtual video)

Last Agent to Sell the Property

Mary Oteri

BHHS FOX and ROACH-Simpson OC Listed on: 07/07/2021

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Dorothy Phillips

BHHS FOX and ROACH-109 34th OC

BHHS FOX and ROACH-109 34th OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,824

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 60x125
  • Fenced
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Shades
  • Drapes & Rods
  • Blinds
  • Family Room with Fireplace
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Library
  • Recreation Room
  • Loft
  • Storage
  • Water Views
  • Crawl Space
  • Storage In Attic

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

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

Parking

  • 1 Car Detached Garage
  • Parking Pad
  • Heated Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,824

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 11 To 15 Years
  • Also Includes: Blinds, Curtains, Rugs, Shades
  • Lvt Date: 07/07/2021
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Central Vacuum, Dryer, Disposal, Dishwasher, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Family Room, Gas Log, Living Room
  • Flooring: Hardwood, Marble, Tile, W/W Carpet
  • Interior Amenities: Bar, Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Smoke/Fire Alarm, Security System, Storage, Whirlpool, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Basement: Crawl Space
  • Dining Room: On Level: Main
  • Family Room: On Level: Lower
  • Kitchen: On Level: Main
  • Living Room: On Level: Main
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Great Room, In-Law Quarters, Library/Study, Laundry/Utility Room, Loft, Master Br On 1st Floor, Recreation/Family, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Fenced Yard, Outside Shower, Patio, Pool-In Ground, Porch, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Combination, Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: One Car, Auto Door Opener, Detached Garage, Heated Garage
  • Parking Exterior: Three Or More Cars, Parking Pad

Utilities

  • Air Conditioner: Ceiling Fan(s), Central, Multi-Zoned
  • Heating: Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Location: Water View
  • Lot Dimensions: 60x125
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Sep 29, 2021
Sold by
Oteri Stephen and Oteri Mary
Bought by
Fisher Robert and Fisher Cynthia
Seller's Agent
Mary Oteri
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Dorothy Phillips
BHHS FOX and ROACH-109 34th OC
List Price
$2,395,000
Sold Price
$2,560,000
Premium/Discount to List
$165,000
6.89%
Current Estimated Value
$3,457,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$897,200
Avg. Annual Appreciation
6.97%

Purchase Details

Listed on
Oct 31, 2019
Closed on
Jan 15, 2020
Sold by
Nigro Russell M and Fasy Janet C
Bought by
Oteri Stephen and Oteri Mary
Seller's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$1,599,000
Sold Price
$1,510,000
Premium/Discount to List
-$89,000
-5.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.17%

Purchase Details

Closed on
Jun 13, 2019
Sold by
Nigro Russell M and Fasy Janet C
Bought by
Nigro Russell M and Fasy Janet C

Purchase Details

Closed on
Jun 10, 2015
Sold by
Nigro Rusesll M and Fasy Janet Carroll
Bought by
Nigro Russell M and Fasy Janet Carroll

Purchase Details

Listed on
Aug 6, 2012
Closed on
Apr 12, 2013
Sold by
Eagle School Associates Llc
Bought by
Nigro Russell M
Seller's Agent
Timothy Taccarino
Compass New Jersey-Ocean City (O463H)
Buyer's Agent
ANDREW FASY
LONG and FOSTER REAL ESTATE INC-Sea Isle City
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%
Original Mortgage
$900,000
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 1, 2012
Sold by
Brennan Nancy E
Bought by
Eagle School Associates Llc

Purchase Details

Closed on
Aug 19, 2011
Sold by
Yeager Leo
Bought by
Brennan Nancy E

Purchase Details

Closed on
Nov 15, 2004
Sold by
Weir N Bruce and Weir Mary J
Bought by
Mastropieri Paul
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fisher Robert $2,560,000 None Available
Oteri Stephen $1,510,300 Freedom Title
Nigro Russell M -- --
Nigro Russell M -- Attorney
Nigro Russell M $1,500,000 Surety Title
Eagle School Associates Llc -- The Title Company Of Jersey
Brennan Nancy E $931,025 None Available
Mastropieri Paul $999,990 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nigro Russell M $900,000
Previous Owner Yeager Leo $950,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2021 09/29/21 Sold $2,560,000 +6.9% --
07/10/2021 07/10/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $2,395,000 +58.6% --
01/15/2020 01/15/20 Sold $1,510,000 -5.6% --
11/04/2019 11/04/19 Pending -- -- --
10/31/2019 10/31/19 For Sale $1,599,000 +6.6% --
04/12/2013 04/12/13 Sold $1,500,000 0.0% --
02/20/2013 02/20/13 Pending -- -- --
08/06/2012 08/06/12 For Sale $1,500,000 -- --
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 $16,824 $1,499,500 $602,800 $896,700
2024 $16,824 $1,499,500 $602,800 $896,700
2023 $16,060 $1,499,500 $602,800 $896,700
2022 $15,430 $1,499,500 $602,800 $896,700
2021 $11,186 $1,499,500 $602,800 $896,700
2020 $14,665 $1,499,500 $602,800 $896,700
2019 $14,500 $1,499,500 $602,800 $896,700
2018 $14,365 $1,499,500 $602,800 $896,700
2017 $14,140 $1,499,500 $602,800 $896,700
2016 $13,600 $1,499,500 $602,800 $896,700
2015 $13,421 $1,499,500 $602,800 $896,700
2014 $13,226 $1,499,500 $602,800 $896,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 552767

South Jersey Shore Regional MLS

APN: 08-00070-10-00006