Seller's Agent in 2024
Steven Likanchuk
DePalma Realty
(856) 200-1079
3 in this area
8 Total Sales
294 New Jersey Ave Downe, NJ 08321
Estimated Value: $331,000 - $461,000
3
Beds
1.5
Baths
1,596
Sq Ft
$251/Sq Ft
Est. Value
Highlights
- 50 Feet of Waterfront
- 0.24 Acre Lot
- Cottage
- Bay View
- No HOA
- Electric Baseboard Heater
About This Home
As of February 2024Introducing 294 New Jersey Ave to the market! This is a breathtaking cottage home in the heart of Fortescue, New Jersey. This bayfront beauty boasts 1596 square feet of living space and sits on one of the most coveted lots in town, offering unparalleled privacy compared to other lots in the area. George Washington did not sleep here but NC Wyeth, Thomas Eakins, Peter Boyle, and several other Philadelphia Sketch Club artists did! This property has been recently fully renovated with original parts intact for the keepsake of history. Featuring 3 bedrooms and 1.5 bathrooms, this home is designed with an open floor plan that showcases the incredible 180-degree views of the bay from sunrise to sunset. The views are simply immaculate and will leave you in awe every time you step inside and see the water through the window-lined walls as well as when you walk out onto the extra large deck. Open the windows and enjoy the bay breeze in the morning through your primary bedroom or while you enjoy a lovely dinner with friends or family in the dining room or out in the sunroom in the evenings. The sound of the movement of the water mixed with all of the birdlife is a true compliment to the peace and quiet of Fortescue. In the front yard, there are 2 sheds merged into 1 space. The potential of this property is immense and offers the perfect opportunity for a second home for vacationing or as an Airbnb that could yield lucrative cash returns in addition to major appreciation potential in the future. The area is quickly developing, and with the addition of public sewer coming very soon, it is expected to see even more growth. As it stands, the town is well known for its fishing, as well as for its fine dining at the Charlesworth Restaurant. Owning waterfront property like this at this price is an opportunity that may never present itself again. Don't let this chance slip away to own a stunning bayfront property in a charming, quaint fishing town. This is a once-in-a-lifetime opportunity that you don't want to miss out on!
Last Agent to Sell the Property
DePalma Realty License #2298571 Listed on: 10/09/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,537
Year Built
- Built in 1965 | Remodeled in 2015
Lot Details
- 10,454 Sq Ft Lot
- 50 Feet of Waterfront
- Home fronts navigable water
- Property Fronts a Bay or Harbor
- Property is in excellent condition
Parking
- Driveway
Home Design
- Cottage
- Pillar, Post or Pier Foundation
- Frame Construction
- Architectural Shingle Roof
- Fiberglass Roof
- Asphalt Roof
Interior Spaces
- 1,596 Sq Ft Home
- Property has 2 Levels
- Bay Views
Bedrooms and Bathrooms
Outdoor Features
- Water Access
- Property near a bay
- Bulkhead
Utilities
- Ductless Heating Or Cooling System
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- No Home Owners Association
- Fortescue Subdivision
Listing and Financial Details
- Tax Lot 00001
- Assessor Parcel Number 04-00092-00001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2023
Closed on
Feb 6, 2024
Sold by
Smith Isabelle
Bought by
Chen Alice and Chen Feng Fan
Seller's Agent
Steven Likanchuk
DePalma Realty
Buyer's Agent
Steven Likanchuk
DePalma Realty
List Price
$396,000
Sold Price
$390,000
Premium/Discount to List
-$6,000
-1.52%
Views
57
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
$10,829
Avg. Annual Appreciation
6.56%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chen Alice | $390,000 | Fidelity National Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/06/2024 02/06/24 | Sold | $390,000 | -1.5% | $244 / Sq Ft |
| 10/24/2023 10/24/23 | Pending | -- | -- | -- |
| 10/09/2023 10/09/23 | For Sale | $396,000 | -- | $248 / 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 | $8,479 | $294,000 | $215,000 | $79,000 |
| 2024 | $8,479 | $294,000 | $215,000 | $79,000 |
| 2023 | $7,732 | $294,000 | $215,000 | $79,000 |
| 2022 | $7,538 | $294,000 | $215,000 | $79,000 |
| 2021 | $7,177 | $294,000 | $215,000 | $79,000 |
| 2020 | $7,071 | $294,000 | $215,000 | $79,000 |
| 2019 | $6,953 | $294,000 | $215,000 | $79,000 |
| 2018 | $7,044 | $294,000 | $215,000 | $79,000 |
| 2017 | $6,765 | $294,000 | $215,000 | $79,000 |
| 2016 | $6,759 | $294,000 | $215,000 | $79,000 |
| 2015 | $6,317 | $293,000 | $215,000 | $78,000 |
| 2014 | $5,851 | $293,000 | $215,000 | $78,000 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Bright MLS
MLS Number: NJCB2014338
APN: 04-00092-0000-00001
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