NOT LISTED FOR SALE

Estimated Value: $2,249,343 - $3,565,000

6 Beds
6 Baths
4,200 Sq Ft
$667/Sq Ft Est. Value

Last Sold May 01, 2017

Last sale price $1,950,000 $464 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $16,825/month

29 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Home fronts a lagoon or estuary
  • Open Floorplan
  • Heated In Ground Pool
  • Bay View
  • Deck

About This Home

As of May 2017

"Lagoon a la baie" is a must-see for any LBI waterfront buyer. Artistically designed by Studio Tagland and expertly constructed by master builder Bill Cummings, this 4,200 sq. ft. home offers style, space and comfort beyond compare: 6 bedrooms, 4 full baths, 2 half baths, 3 private master suites, large family room w/12' ceilings, expansive living/dining/kitchen area with volume ceilings, 3 decks including roof top, Bulthaup custom island kitchen w/Wolf & sub zero appliances, stainless counter top, double oven, refrigerated drawers, 2 dishwashers, steamer & built-in pantry, custom bathrooms, 3 stop elevator, oversized 2 car garage, 200 gallon hot water capacity, 3 zone HVAC, laundry room, office and abundant storage. And it doesn't stop there...Outdoors on the 60' x 130' lot you will find a wide brick paved driveway, fenced yard, 16' X 34' heated in-ground salt water pool w/new equipment, vinyl bulkhead, dock, 15,000 lb. boat lift and 2 wave runner float platforms.,Roof deck and master suites offer great views of the bay. The wide picturesque lagoon is ideal for all fishing and water sport activities. The home and location are perfect for large or extended families that love the water.

Last Listed By

David Cowles

BHHS Zack Shore REALTORS License #8133142 Listed on: 02/14/2017

BHHS Zack Shore REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,244

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 60x130
  • Home fronts a lagoon or estuary
  • 60 Feet of Waterfront
  • Partially Fenced Property

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener

Property Views

  • Bay
  • Canal

Home Design

  • Contemporary Architecture
  • Fiberglass Roof
  • Built-Up Roof
  • Metal Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 4,200 Sq Ft Home
  • Property has 3 Levels
  • Elevator
  • Open Floorplan
  • Central Vacuum
  • Recessed Lighting
  • Awning
  • Window Treatments

Kitchen

  • Double Self-Cleaning Oven
  • Gas Oven or Range
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Stone
  • Tile or Brick

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Pool Equipment Shed

Outdoor Features

  • Water Access
  • Bulkhead
  • Deck

Location

  • Flood Risk

Utilities

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

Community Details

  • No Home Owners Association
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 29-00083-0000-00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,244

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Remarks Public: "Lagoon a la baie" is a must-see for any LBI waterfront buyer. Artistically designed by Studio Tagland and expertly constructed by master builder Bill Cummings, this 4,200 sq. ft. home offers style, space and comfort beyond compare: 6 bedrooms, 4 full baths, 2 half baths, 3 private master suites, large family room w/12' ceilings, expansive living/dining/kitchen area with volume ceilings, 3 decks including roof top, Bulthaup custom island kitchen w/Wolf & sub zero appliances, stainless counter top, double oven, refrigerated drawers, 2 dishwashers, steamer & built-in pantry, custom bathrooms, 3 stop elevator, oversized 2 car garage, 200 gallon hot water capacity, 3 zone HVAC, laundry room, office and abundant storage. And it doesn't stop there...Outdoors on the 60' x 130' lot you will find a wide brick paved driveway, fenced yard, 16' X 34' heated in-ground salt water pool w/new equipment, vinyl bulkhead, dock, 15,000 lb. boat lift and 2 wave runner float platforms.,Roof deck and master suites offer great views of the bay. The wide picturesque lagoon is ideal for all fishing and water sport activities. The home and location are perfect for large or extended families that love the water.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Central Vacuum, Cooktop, Dishwasher, Oven - Double, Dryer, Oven/Range - Gas, Built-In Microwave, Refrigerator, Oven - Self Cleaning, Washer
  • Flooring Type: Stone, Tile/Brick, Wood
  • Interior Amenities: Window Treatments, Elevator, Floor Plan - Open, Pantry, Recessed Lighting, Primary Bath(s)
  • Fireplace: No
  • Foundation Details: Pilings
  • Levels Count: 3+
  • Room Count: 12
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4200
  • Living Area Sq Ft: 4200
  • Price Per Sq Ft: 476.19
  • Above Grade Finished Sq Ft: 4200
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 329

Beds/Baths

  • Bedrooms: 6
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Pool Equipment Shed
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Awning(s)
  • Pool Features: Heated, In Ground
  • Roof: Built-Up, Fiberglass, Metal
  • View: Water, Bay, Canal
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 60

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener, Oversized
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Electric, Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 679400.00
  • Land Assessed Value: 517000.00
  • Lot Features: Bulkheaded
  • Lot Dimensions: 60x130
  • Outdoor Living Structures: Deck(s)
  • Zoning: RESIDENTIA
  • Zoning Description: Residentia

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3076659
  • Tax Annual Amount: 13244.00
  • Assessor Parcel Number: 29-00083-0000-00024
  • Tax Lot: 24
  • Tax Year: 2016
  • Close Date: 05/01/2017

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2017
Closed on
Apr 28, 2017
Sold by
Russo Louis and Russo Susan
Bought by
329 West 12Th Street Llc
Seller's Agent
David Cowles
BHHS Zack Shore REALTORS
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$2,000,000
Sold Price
$1,950,000
Premium/Discount to List
-$50,000
-2.5%
Total Days on Market
29
Current Estimated Value
$2,801,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$851,586
Avg. Annual Appreciation
4.56%

Purchase Details

Closed on
Feb 6, 2015
Sold by
Russo Louis and Russo Susan
Bought by
Russo Louis and Russo Susan

Purchase Details

Closed on
May 5, 2006
Sold by
Slugh Danielle Russo and Slugh Marc
Bought by
Russo Louis and Russo Susan

Purchase Details

Closed on
Apr 6, 2005
Sold by
Slugh Danielle and Russo Danielle
Bought by
Slugh Marc and Slugh Danielle

Purchase Details

Closed on
Mar 11, 1999
Sold by
Adanatzian Dennis C
Bought by
Russo Danielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.95%
Mortgage Type
Unknown

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
329 West 12Th Street Llc $1,950,000 Old Republic National Title
Russo Louis -- None Available
Russo Louis -- None Available
Slugh Marc -- --
Russo Danielle $302,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Louis F $250,000
Previous Owner Russo Danielle $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2017 05/01/17 Sold $1,950,000 -2.5% $464 / Sq Ft
03/15/2017 03/15/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $2,000,000 -- $476 / 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
2024 $15,507 $1,349,600 $572,000 $777,600
2023 $14,292 $1,349,600 $572,000 $777,600
2022 $14,292 $1,349,600 $572,000 $777,600
2021 $10,408 $1,312,300 $572,000 $740,300
2020 $13,871 $1,312,300 $572,000 $740,300
2019 $13,884 $1,312,300 $572,000 $740,300
2018 $13,910 $1,312,300 $572,000 $740,300
2017 $13,005 $1,312,300 $572,000 $740,300
2016 $13,244 $1,196,400 $517,000 $679,400
2015 $12,921 $1,196,400 $517,000 $679,400
2014 $12,542 $1,162,400 $517,000 $645,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC172436

Bright MLS

APN: 29-00083-0000-00024