NOT LISTED FOR SALE

311 Cove Rd Newport, NJ 08345

Estimated Value: $367,000 - $451,000

4 Beds
2 Baths
1,760 Sq Ft
$230/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $100,000 $57 Per Sq Ft

Est. 316% increase in value since last sale

Current estimated payment $2,709/month

129 Days on Market

About This Home

As of July 2020

Ready for a relaxing getaway? Imagine unobstructed views of the Delaware Bay and amazing sunsets, sitting on your back deck enjoying the real South Jersey waterfront lifestyle. Located on the end of the road provides you the benefit of the best views in the area. This home offers 2 separate levels both containing 2 bedrooms and 1 bath each, making it the perfect family retreat or income producing summer rental. Turn key and ready to enjoy. Minuets away from local marinas. Great place to enjoy walks and bike rides, The benefits of a shore home with the seclusion of a small town. Schedule your visit today and see how this property could work for you.

Last Agent to Sell the Property

Neal Sheppard

(609) 381-0828 neal@warnerrealtors.com Warner Real Estate & Auction Company Listed on: 03/10/2020

Last Buyer's Agent

Neal Sheppard

(609) 381-0828 neal@warnerrealtors.com Warner Real Estate & Auction Company Listed on: 03/10/2020

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,063

Year Built

  • Built in 1970

Lot Details

  • 3,200 Sq Ft Lot
  • Lot Dimensions are 40.00 x 80.00

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Semi-Detached or Twin Home
  • Asphalt Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 1,760 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

Location

  • Flood Risk

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Shared Well
  • On Site Septic

Community Details

  • Association fees include water
  • Gandy' S Beach Subdivision

Listing and Financial Details

  • Tax Lot 00053
  • Assessor Parcel Number 04-00002-00053

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,063

Year Built

Built in 1970

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Bi-Level
  • Ownership: Fee Simple
  • Exclusions: Personal Property.
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Special Features: VirtualTour
  • Property Sub Type: Townhouses

Interior Features

  • Foundation Details: Pilings
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1760
  • Living Area Sq Ft: 1760
  • Price Per Sq Ft: 85.23
  • Above Grade Finished Sq Ft: 1760
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Sewer/Septic System: On Site Septic
  • Water Source: Well-Shared

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 50.00
  • Condo Co-Op Fee Frequency: Annually
  • HOA Condo Co-Op Fee Includes: Water
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 134100.00
  • Land Assessed Value: 80000.00
  • Lot Size Acres: 0.07
  • Lot Dimensions: 40.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 3200.00
  • Zoning: R1

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3111255
  • Tax Annual Amount: 5063.00
  • Assessor Parcel Number: 04-00002-00053
  • Tax Lot: 00053
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019

MLS Schools

  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2006
Sold by
Tedesco Thomas J and Tedesco Marie T
Bought by
Tedesco Thomas J and Tedesco Marie T
Current Estimated Value
$416,321
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tedesco Thomas J -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2020 07/20/20 Sold $100,000 0.0% $57 / Sq Ft
06/25/2020 06/25/20 Off Market $100,000 -- --
03/10/2020 03/10/20 For Sale $150,000 -- $85 / Sq Ft
Source: Bright 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 $6,175 $214,100 $80,000 $134,100
2024 $6,175 $214,100 $80,000 $134,100
2023 $5,631 $214,100 $80,000 $134,100
2022 $5,490 $214,100 $80,000 $134,100
2021 $5,226 $214,100 $80,000 $134,100
2020 $5,149 $214,100 $80,000 $134,100
2019 $7,428 $314,100 $180,000 $134,100
2018 $7,526 $314,100 $180,000 $134,100
2017 $6,974 $303,100 $180,000 $123,100
2016 $6,968 $303,100 $180,000 $123,100
2015 $6,285 $303,100 $180,000 $123,100
2014 $5,803 $303,100 $180,000 $123,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB126044

Bright MLS

APN: 04-00002-0000-00053