NOT LISTED FOR SALE

Estimated Value: $2,274,000 - $2,935,000

4 Beds
2.5 Baths
1,778 Sq Ft
$1,423/Sq Ft Est. Value

Last Sold April 22, 2024

Last sale price $2,300,000 $1,294 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $14,139/month

29 Days on Market

Highlights

  • 64 Feet of Waterfront
  • In Ground Pool
  • 0.32 Acre Lot
  • Access to Tidal Water
  • Home fronts a lagoon or estuary
  • Open Floorplan

About This Home

As of April 2024

The Compass House in Loveladies... What a fantastic opportunity to own this 4 bedroom 2.5 bath home situated on an oversized 10,759 sq. ft. lot in Lighthouse Park. 1031 if you choose into this stellar investment property with 133K gross rental income for the summer of 2023. Repeat tenancies are happy to rent from the next owner too! Convenient ocean access and public tennis court directly across the street including a wooden walkway to the lifeguarded beach. Public parking available at beach entrance.
Should you choose to build, the property allows for a 5250 sq. ft. home with south-facing lagoonfront and bay view potential to the northwest and southwest given the unique peninsula setting. A roof deck will afford views of the Atlantic. Paddle board to the sedges just northwest of the property and enjoy morning coffee as you meditate and watch the herons fish along the banks. Stroll or bike to Barnegat Light for all of your market, dining, and shopping needs. This oversized property offers copious pool and patio space in a divine south-facing setting.
Property sold AS-IS.

Last Agent to Sell the Property

Joy Luedtke

(609) 494-8883 joy@joyislbi.com Joy Luedtke Real Estate, LLC Listed on: 02/23/2024

Co-Listed By

Lieben Luedtke

(609) 494-8883 lee@joyislbi.com Joy Luedtke Real Estate, LLC

Last Buyer's Agent

Joy Luedtke

(609) 494-8883 joy@joyislbi.com Joy Luedtke Real Estate, LLC Listed on: 02/23/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,621

Year Built

  • Built in 1970

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 107.00 x 132.00
  • Home fronts a lagoon or estuary
  • 64 Feet of Waterfront
  • Home fronts navigable water
  • Wood Fence
  • Level Lot
  • Irregular Lot
  • Property is zoned R10, R10

Parking

  • 1 Car Attached Garage
  • 4 Driveway Spaces
  • Oversized Parking
  • Front Facing Garage
  • Garage Door Opener
  • Stone Driveway

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Block Foundation
  • Frame Construction
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,778 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Awning
  • Casement Windows
  • Sliding Doors
  • Dining Area
  • Water Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Ice Maker
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Accessible Home Design

  • More Than Two Accessible Exits

Pool

  • In Ground Pool
  • Poolside Lot
  • Outdoor Shower

Outdoor Features

  • Access to Tidal Water
  • Water Access
  • Property near a lagoon
  • Bulkhead
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Ethel A. Jacobsen Elementary School
  • Long Beach Island Grade Middle School

Utilities

  • Ductless Heating Or Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Loveladies Subdivision

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 18-00020 148-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,621

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: The Compass House in Loveladies... What a fantastic opportunity to own this 4 bedroom 2.5 bath home situated on an oversized 10,759 sq. ft. lot in Lighthouse Park. 1031 if you choose into this stellar investment property with 133K gross rental income for the summer of 2023. Repeat tenancies are happy to rent from the next owner too! Convenient ocean access and public tennis court directly across the street including a wooden walkway to the lifeguarded beach. Public parking available at beach entrance. Should you choose to build, the property allows for a 5250 sq. ft. home with south-facing lagoonfront and bay view potential to the northwest and southwest given the unique peninsula setting. A roof deck will afford views of the Atlantic. Paddle board to the sedges just northwest of the property and enjoy morning coffee as you meditate and watch the herons fish along the banks. Stroll or bike to Barnegat Light for all of your market, dining, and shopping needs. This oversized property offers copious pool and patio space in a divine south-facing setting. Property sold AS-IS.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer - Electric, Icemaker, Microwave, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Wood
  • Interior Amenities: Dining Area, Floor Plan - Open, Wood Floors, Ceiling Fan(s), Recessed Lighting, Stall Shower, Tub Shower
  • Window Features: Casement
  • Fireplace: No
  • Door Features: Sliding Glass
  • Foundation Details: Block, Concrete Perimeter
  • Levels Count: 2
  • Room Count: 9
  • Basement: No
  • Laundry Type: Lower Floor
  • Total Sq Ft: 1778
  • Living Area Sq Ft: 1778
  • Price Per Sq Ft: 1574.24
  • Above Grade Finished Sq Ft: 1778
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 35

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Awning(s), Bbq Grill, Exterior Lighting, Outside Shower
  • Pool Features: In Ground
  • Roof: Flat, Fiberglass
  • View: Water
  • Water Access: Yes
  • Water Body Name: Barnegat Bay
  • Water Body Type: Lagoon
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Personal
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 64

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Stone Driveway
  • Garage Features: Garage - Front Entry, Garage Door Opener, Oversized
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Ductless/Mini-Split
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • 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: LONG BEACH ISLAND SCHOOLS
  • Elementary School: ETHEL A. JACOBSEN
  • Middle School: LONG BEACH ISLAND GRADE SCHOOL
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396370
  • School District Source: Listing Agent
  • Elementary School: ETHEL A. JACOBSEN
  • Middle Or Junior School: LONG BEACH ISLAND GRADE SCHOOL

Lot Info

  • Fencing: Wood
  • Lot Features: Bulkheaded, Irregular, Level, Poolside
  • Lot Size Acres: 0.32
  • Lot Dimensions: 107.00 x 132.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14122.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Year Assessed: 2023
  • Zoning: R10
  • Zoning Description: R10

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 8621.00
  • Assessor Parcel Number: 18-00020 148-00009
  • Tax Lot: 00009
  • Tax Total Finished Sq Ft: 1778
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 04/22/2024

MLS Schools

  • School District Name: LONG BEACH ISLAND SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Apr 8, 2024
Sold by
Rhoda Halperin Revocable Trust and Halperin William
Bought by
Whitesell Willard and Laforgia-Whitesell Felicia
Seller's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
Buyer's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
List Price
$2,799,000
Sold Price
$2,300,000
Premium/Discount to List
-$499,000
-17.83%
Views
48
Current Estimated Value
$2,530,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,369
Avg. Annual Appreciation
6.71%
Original Mortgage
$1,500,000
Outstanding Balance
$1,474,770
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$1,055,599

Purchase Details

Closed on
Jun 5, 2012
Sold by
The Estate Of Rhoda Halperin and Halperin William
Bought by
The Family Trust and The Rhonda Halperin Revocable Trust

Purchase Details

Closed on
May 20, 2003
Sold by
Seltzer William
Bought by
Halperin William and Halperin Rhoda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
6.22%
Source: Public Records

Range of Values:

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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
Whitesell Willard $2,300,000 Chicago Title
Whitesell Willard $2,300,000 Chicago Title
The Family Trust -- None Available
Halperin William $1,050,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitesell Willard $1,500,000
Closed Whitesell Willard $1,500,000
Previous Owner Halperin William $322,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2024 04/22/24 Sold $2,300,000 -17.8% $1,294 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $2,799,000 -- $1,574 / 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 $8,680 $1,037,700 $800,000 $237,700
2024 $8,622 $972,000 $800,000 $172,000
2023 $8,087 $972,000 $800,000 $172,000
2022 $8,087 $972,000 $800,000 $172,000
2021 $7,091 $972,000 $800,000 $172,000
2020 $8,097 $814,600 $732,400 $82,200
2019 $8,170 $814,600 $732,400 $82,200
2018 $7,926 $814,600 $732,400 $82,200
2017 $7,967 $814,600 $732,400 $82,200
2016 $8,032 $814,600 $732,400 $82,200
2015 $8,024 $814,600 $732,400 $82,200
2014 $7,828 $814,600 $732,400 $82,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2024098

Bright MLS

APN: 18-00020-148-00009