$355,000
SOLD JAN 15, 2016
0.11 Acre
-- Price per Acre
-- Sq Ft Lot

Recently Sold

$136 Per Sq Ft

9% Below List Price

142 Days on Market

Highlights

  • Bay View
  • No HOA
  • Level Lot
  • Property fronts the bay but unit may not have water views

About This Lot

As of July 2018

Vacant & Ready-To-Build 50' x 95' Lot. Land has been cleared and Water/Sewer connections are in place. Just bring your plans and build your own LBI getaway. Lot has Great Bay views and is across the street from Ship Bottom's 10th Street Park, Playground, Fishing Pier and Boat Launch. Enjoy all the Summer Activities at the Park from your deck. Great mid-island location. Easy On-Off. Walk to Beach, Ron Jon's, Shopping, and Restaurants. This one won't last!,Original lot 12.01 was subdivided in 2015. The existing home was demolished and new water & sewer connections were put in place. This lot is the Westerly half of the larger vacant property, and is one house in from the corner of 10th Street and S. Shore Avenue.Total Land Assessment for old Lot 12.01 for 2015 was approx. $400,000. Assessment Allocation to lots 12.02 (and 12.03) will be about $200,000 each. Taxes for 2015 are estimated to be $2,150 on each lot. Buyer should discuss tax assessments with Tax Assessor pending actual assessment after October 2015.

Last Agent to Sell the Property

Glenn Burke

Restaino Realty LLC Listed on: 08/26/2015

Last Buyer's Agent

Raymond Procaccini Jr.

Oceanside Realty License #0454539

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,315

Lot Details

  • Lot Dimensions are 50 x 95
  • Property fronts the bay but unit may not have water views
  • Level Lot
  • The property's topography is level

Additional Features

  • Bay Views
  • Flood Risk
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 12.02

Property Details

Property Type

Land

Est. Annual Taxes

$10,315

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Federal Flood Zone: Yes
  • Remarks Public: Vacant & Ready-To-Build 50' x 95' Lot. Land has been cleared and Water/Sewer connections are in place. Just bring your plans and build your own LBI getaway. Lot has Great Bay views and is across the street from Ship Bottom's 10th Street Park, Playground, Fishing Pier and Boat Launch. Enjoy all the Summer Activities at the Park from your deck. Great mid-island location. Easy On-Off. Walk to Beach, Ron Jon's, Shopping, and Restaurants. This one won't last!,Original lot 12.01 was subdivided in 2015. The existing home was demolished and new water & sewer connections were put in place. This lot is the Westerly half of the larger vacant property, and is one house in from the corner of 10th Street and S. Shore Avenue.Total Land Assessment for old Lot 12.01 for 2015 was approx. $400,000. Assessment Allocation to lots 12.02 (and 12.03) will be about $200,000 each. Taxes for 2015 are estimated to be $2,150 on each lot. Buyer should discuss tax assessments with Tax Assessor pending actual assessment after October 2015.
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 373

Exterior Features

  • Construction Completed: No
  • Road Surface Type: Paved
  • View: Water, Bay
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Dimensions: 50 X 95
  • Soil Types: Sandy
  • Topography: Level
  • Zoning: R-1
  • Zoning Description: R-1

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Lot: 12.02
  • Close Date: 01/15/2016

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2025
Sold by
Fleming Susan
Bought by
Fleming Shane F
Current Estimated Value
$1,983,451

Purchase Details

Listed on
May 1, 2018
Closed on
Jun 26, 2018
Sold by
Galligan Charles
Bought by
Fleming Shane F and Fleming Susan
Seller's Agent
Raymond Procaccini Jr.
Oceanside Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$949,900
Sold Price
$910,000
Premium/Discount to List
-$39,900
-4.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%
Original Mortgage
$637,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 26, 2015
Closed on
Jan 15, 2016
Sold by
Bruno John P and Bruno Donna M
Bought by
Galligan Charles
Seller's Agent
Glenn Burke
Restaino Realty LLC
Buyer's Agent
Raymond Procaccini Jr.
Oceanside Realty
List Price
$389,900
Sold Price
$355,000
Premium/Discount to List
-$34,900
-8.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.62%

Purchase Details

Listed on
Aug 26, 2015
Closed on
Jan 7, 2016
Sold by
2001 Lbi Llc
Bought by
Bruno John P and Bruno Donna M
Seller's Agent
Glenn Burke
Restaino Realty LLC
Buyer's Agent
Raymond Procaccini Jr.
Oceanside Realty
List Price
$389,900
Sold Price
$355,000
Premium/Discount to List
-$34,900
-8.95%

Purchase Details

Closed on
May 22, 2015
Sold by
2001 Lbi Llc and Bruno John P
Bought by
Bruno John P and Bruno Dona M

Purchase Details

Closed on
Feb 2, 2015
Sold by
Nissen Jan A
Bought by
2001 Lbi Llc and Bruno John P

Purchase Details

Closed on
Oct 24, 2008
Sold by
Nissen Robert W and Nissen Florence L
Bought by
Nissen Jan and The Robert W Nissen Revocable Living Tru
Source: Public Records

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 Type Sale Price Title Company
Quit Claim Deed $400,000 First American Title
Deed $910,000 Old Republic National Title
Deed $355,000 Old Republic Title
Deed -- --
Deed -- None Available
Deed $530,000 Chicago Title Insurance Co
Interfamily Deed Transfer $530,000 American Abstract Agency Inc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $400,000 Credit Line Revolving
Previous Owner $575,000 New Conventional
Previous Owner $637,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2018 07/02/18 Sold $910,000 -4.2% $350 / Sq Ft
05/25/2018 05/25/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $949,900 +167.6% $365 / Sq Ft
01/15/2016 01/15/16 Sold $355,000 -9.0% $136 / Sq Ft
01/15/2016 01/15/16 Pending -- -- --
08/26/2015 08/26/15 For Sale $389,900 -- $150 / 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 $10,315 $897,700 $293,300 $604,400
2023 $9,507 $897,700 $293,300 $604,400
2022 $9,507 $897,700 $293,300 $604,400
2021 $9,462 $897,700 $293,300 $604,400
2020 $9,489 $897,700 $293,300 $604,400
2019 $9,498 $897,700 $293,300 $604,400
2018 $3,109 $293,300 $293,300 $0
2017 $2,907 $293,300 $293,300 $0
2016 $2,903 $262,200 $262,200 $0
2015 $6,558 $607,200 $396,900 $210,300
2014 $6,438 $596,700 $396,900 $199,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC193542

Bright MLS

APN: 29-00100-0000-00012-02