NOT LISTED FOR SALE

34 Cove Rd Moorestown, NJ 08057

Estimated Value: $1,834,737 - $2,087,000

5 Beds
5.5 Baths
7,028 Sq Ft
$276/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $1,650,000 $235 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $12,485/month

34 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Access to Tidal Water
  • 5.3 Acre Lot
  • South Valley Elementary School Rated A+
  • Second Kitchen
  • Deck

About This Home

As of November 2023

Located in the desirable Peachtree Point development, 34 Cove Road offers a spacious
five-bedroom home with 5 1/2 bathrooms. This finely crafted brick home offers a
traditional look with a contemporary feel, showcasing quality finishes that invite you to
settle in and create lasting memories. Boasting a generous 5-acre lot that meets the
tranquil waters of Rancocas Creek, it's a place that beckons you to make it your own.
The brick-pillared entrance welcomes you to the circular driveway, surrounded by
landscaped gardens that offer a hint of the warmth within. Stepping through the double
doors, you enter a world of classic luxury. The marble flooring, custom molding and the
sundrenched two-story foyer welcomes you home. A solid oak staircase curves
gracefully, encouraging exploration of every corner of this inviting home. Turning left,
you'll find a music room with rich hardwood floors perfect for the music lover. Across the
way, the formal dining can accommodate large parties with intricate moldings gracing
the walls and a chandelier that radiates timeless elegance. The kitchen, illuminated by
recessed lighting and tall windows, creates a warm and welcoming atmosphere.
Custom cabinetry and classic black granite countertops provide a backdrop for culinary
adventures, complete with a built-in cooktop and double wall ovens. An adjacent
beverage center is a delightful surprise, featuring glass-front cabinets, wine storage,
and a convenient prep sink. Step down into the spacious family room where the focal
point is the stone fireplace which extends from floor to ceiling. The palladium windows
on either side bring in glimpses of the outdoors, and glass french doors extend an
invitation to the deck, seamlessly blending indoor and outdoor living. Just beyond, a
home office awaits with solid wood built-ins and a curved wall of windows that frame a
view of the creek. Completing this level are a convenient powder room, the back
staircase, and a supplementary butler's kitchen with laundry. Upstairs you'll find the
primary suite, bathed in sunlight that filters through generously proportioned windows
with a wonderful sitting area where you can read a book or enjoy views of the backyard
and water. The spa like ensuite bathroom will be where you retire after a long day and
you can choose either a steam shower or soak your cares away in the jacuzzi soaking
tub. Three more bedrooms round out this floor, each offering ample closet space and
their own private ensuite bathrooms. The fully finished walk-out basement is the perfect
entertainment area or in-law suite. Enjoy a game of pool, set up your home gym or practice
your dance moves on your very own dance floor. The open layout eagerly awaits your
creative touch, while the 5th bedroom and bathroom stand ready to accommodate
guests. Glass French doors lead to a simple concrete patio, extending a warm invitation
for outdoor gatherings. The sprawling rear yard is a canvas of rolling grass and mature
trees, extending to meet the tranquil creek. This maintenance free home has been well
maintained including a new roof installed in 2018, New Trex deck, a three-zone HVAC
system and 2 updated bathrooms. The strategic location of this residence, near I-295
and the Turnpike, guarantees easy access to the shore and Philadelphia. This home is
surrounded by respected public and private schools, golf courses, and a variety of
shopping and restaurants making it an intelligent choice for those seeking a balanced,traditional lifestyle.

Last Agent to Sell the Property

Lorna Kaim

(856) 214-2639 camilo.concepcion@compass.com Compass New Jersey, LLC - Moorestown License #335983 Listed on: 08/26/2023

Compass New Jersey, LLC - Moorestown

Last Buyer's Agent

Jeremiah Kobelka

(856) 240-1072 jeremiah@jfkliving.com Real Broker, LLC License #1757497

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,855

Year Built

  • Built in 1992

Lot Details

  • 5.3 Acre Lot
  • Lot Dimensions are 150x190x119x200
  • 150 Feet of Waterfront
  • Home fronts navigable water
  • Creek or Stream
  • Irregular Lot
  • Sprinkler System
  • Property is in excellent condition

Parking

  • 3 Car Direct Access Garage
  • 8 Driveway Spaces
  • Garage Door Opener

Property Views

  • Water
  • Scenic Vista
  • Woods

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Pitched Roof
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,028 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Stone Fireplace
  • Stained Glass
  • Family Room
  • Living Room
  • Dining Room
  • Attic Fan
  • Laundry on main level

Kitchen

  • Second Kitchen
  • Eat-In Kitchen
  • Butlers Pantry
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • En-Suite Bathroom
  • In-Law or Guest Suite
  • Whirlpool Bathtub

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Home Security System
  • Intercom

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Deck
  • Patio
  • Exterior Lighting

Location

  • Flood Risk
  • Property is near creek

Schools

  • Moorestown High School

Utilities

  • Cooling System Utilizes Natural Gas
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • 200+ Amp Service
  • Natural Gas Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Peachtree Point Subdivision

Listing and Financial Details

  • Tax Lot 00017
  • Assessor Parcel Number 22-08500-00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,855

Year Built

Built in 1992

Lot Details

5.3 Acres

Parking

3

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Exclusions: Small Chandelier in Master Bedroom.
  • Inclusions: Washer, Dryer, Refrigerator, Stove and in Butler's kitchen, Existing light fixtures, chandeliers (exception below) window treatments, pool table and exercise weight machine.
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2023-08-26
  • Federal Flood Zone: Yes
  • Year Built: 1992
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Oven - Double, Dishwasher, Disposal, Trash Compactor, Microwave
  • Flooring Type: Wood, Tile/Brick, Carpet
  • Interior Amenities: Primary Bath(s), Kitchen - Island, Butlers Pantry, Skylight(s), Ceiling Fan(s), Attic/House Fan, Stain/Lead Glass, Whirlpool/Hottub, Central Vacuum, Sprinkler System, 2nd Kitchen, Wet/Dry Bar, Intercom, Kitchen - Eat-In, Built-Ins
  • Fireplace Features: Stone
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, In-Law/AuPair/Suite, Attic
  • Basement: Yes
  • Basement Type: Full, Outside Entrance, Fully Finished
  • Basement Finished Percent: 95.00
  • Basement Footprint Percent: 100.00
  • Laundry Type: Main Floor
  • Total Sq Ft: 7028
  • Living Area Sq Ft: 7028
  • Price Per Sq Ft: 241.89
  • Above Grade Finished Sq Ft: 7028
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 4
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 4.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Exterior Features: Lawn Sprinkler, Exterior Lighting
  • Roof: Pitched, Shingle
  • View: Water, Scenic Vista, Trees/Woods
  • Water Access: Yes
  • Water Body Type: Creek/Stream
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 150

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Garage Features: Inside Access, Garage Door Opener
  • Attached Garage Spaces: 3
  • Total Garage And Parking Spaces: 11
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 8

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent
  • High School: MOORESTOWN

Lot Info

  • Lot Features: Irregular
  • Lot Size Acres: 5.30
  • Lot Dimensions: 150X190X119X200
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 230868.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Excellent
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 28855.00
  • Assessor Parcel Number: 22-08500-00017
  • Tax Lot: 00017
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: MOORESTOWN TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2023
Closed on
Nov 28, 2023
Sold by
Carpenter Jeffrey P and Carpenter Judith T
Bought by
Chandar Ashwin and Chandar Abinaya
Seller's Agent
Lorna Kaim
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Jeremiah Kobelka
Real Broker, LLC
List Price
$1,700,000
Sold Price
$1,650,000
Premium/Discount to List
-$50,000
-2.94%
Views
326
Current Estimated Value
$1,943,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,184
Avg. Annual Appreciation
7.68%
Original Mortgage
$1,320,000
Outstanding Balance
$1,299,280
Interest Rate
7.79%
Mortgage Type
New Conventional
Estimated Equity
$643,904

Purchase Details

Closed on
Aug 11, 2008
Sold by
Mangubat Murillo V and Mangubat Ofelia R
Bought by
Carpenter Jeffrey P and Carpenter Judith T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chandar Ashwin $1,650,000 None Listed On Document
Chandar Ashwin $1,650,000 None Listed On Document
Carpenter Jeffrey P $1,275,000 Landamerica Nj Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chandar Ashwin $1,320,000
Closed Chandar Ashwin $1,320,000
Previous Owner Carpenter Jeffrey P $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $1,650,000 -2.9% $235 / Sq Ft
09/30/2023 09/30/23 Pending -- -- --
09/28/2023 09/28/23 Price Changed $1,700,000 0.0% $242 / Sq Ft
09/28/2023 09/28/23 For Sale $1,700,000 0.0% $242 / Sq Ft
08/26/2023 08/26/23 For Sale $1,700,000 -- $242 / Sq Ft
Source: Bright MLS

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 $30,064 $1,059,700 $291,700 $768,000
2024 $29,152 $1,059,700 $291,700 $768,000
2023 $29,152 $1,059,700 $291,700 $768,000
2022 $28,856 $1,059,700 $291,700 $768,000
2021 $28,474 $1,059,700 $291,700 $768,000
2020 $28,294 $1,059,700 $291,700 $768,000
2019 $27,796 $1,059,700 $291,700 $768,000
2018 $27,044 $1,059,700 $291,700 $768,000
2017 $27,277 $1,059,700 $291,700 $768,000
2016 $27,181 $1,059,700 $291,700 $768,000
2015 $26,853 $1,059,700 $291,700 $768,000
2014 $25,496 $1,059,700 $291,700 $768,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJBL2051884

Bright MLS

APN: 22-08500-0000-00017

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