$3,550,000
SOLD SEP 15, 2024

38 Arkansas Ave Ocean City, NJ 08226

4 Beds
3.5 Baths
-- Sq Ft
8,276 Sq Ft Lot

Recently Sold

18% Below List Price

74 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Home fronts a lagoon or estuary
  • Ocean City Primary School Rated A
  • In Ground Pool
  • Deck

About This Home

As of September 2024

Here's your opportunity to own a single family home on the Sunny Harbor lagoon in the desirable Riviera section of Ocean City. Imagine the Night in Venice parties you could host in this beautiful location! Sitting on a fantastic 80' x 106' lot, this home has been loved by the same family for over 25 years and now it's your turn to make it your own, or build your own! Three bedrooms are on the 2nd level consisting of a junior suite, a hall bath and two guest rooms. Up on the upper level, you'll find a huge master suite with an attached office, ensuite bath with tub, shower and double sinks, and access to the upper deck with amazing views. A gorgeous rear multi-level deck with awning, two boat docks and an in-ground pool make this a summer playground paradise! Plenty of off-street parking, lovely landscaping, staircase to upper deck, and phenomenal views are just a few of the features of this spacious home offering over 2800 square feet of living space.

Last Agent to Sell the Property

Douglas Grisbaum

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave License #SB-8243225 Listed on: 01/19/2024

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave

Co-Listed By

Michael Duncan

LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave License #2336789

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC License #0453531

BHHS FOX and ROACH-West Ave OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,286

Year Built

  • Built in 1956

Lot Details

  • Lot Dimensions are 80' x 106'
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Fenced

Home Design

  • Split Level Home

Interior Spaces

  • Great Room
  • Dining Room
  • Den
  • Library
  • Loft
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Deck

Additional Features

  • Handicap Accessible
  • Forced Air Heating System

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,286

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Split Level
  • Age: 25+ Years
  • Lvt Date: 01/19/2024
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Stove, Refrigerator, Washer
  • Flooring: Tile, W/W Carpet
  • Interior Amenities: Handicap Features, Kitchen Center Island, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room, Library/Study, Loft

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Fenced Yard, Handicap Access, Pool-In Ground, Sidewalks

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Location: Bay Front, Lagoon Front, Water View
  • Lot Dimensions: 80' x 106'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2024
Closed on
Sep 30, 2024
Sold by
Short Mary E
Bought by
Ocean City Development Group Llc
Seller's Agent
Douglas Grisbaum
LONG AND FOSTER REAL ESTATE INC-Ocean City, Asbury Ave
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$4,344,000
Sold Price
$3,550,000
Premium/Discount to List
-$794,000
-18.28%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
69.08%

Purchase Details

Closed on
Jun 23, 1998
Sold by
Cook Horace C
Bought by
Short Harry A and Short Mary E

Purchase Details

Closed on
Aug 17, 1995
Sold by
Gilberg Harold
Bought by
Cook Horace
Source: Public Records

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Range of Values:

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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
Deed $3,550,000 Freedom Title
Deed $595,000 --
Deed $320,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 For Sale $7,995,000 +125.2% --
09/15/2024 09/15/24 Sold $3,550,000 -15.4% --
04/02/2024 04/02/24 Pending -- -- --
02/13/2024 02/13/24 Price Changed $4,194,000 -3.5% --
01/19/2024 01/19/24 For Sale $4,344,000 -- --
Source: South Jersey Shore Regional 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 $14,286 $1,273,300 $903,000 $370,300
2023 $13,637 $1,273,300 $903,000 $370,300
2022 $13,102 $1,273,300 $903,000 $370,300
2021 $12,721 $1,273,300 $903,000 $370,300
2020 $12,453 $1,273,300 $903,000 $370,300
2019 $12,313 $1,273,300 $903,000 $370,300
2018 $12,198 $1,273,300 $903,000 $370,300
2017 $12,007 $1,273,300 $903,000 $370,300
2016 $11,549 $1,273,300 $903,000 $370,300
2015 $11,396 $1,273,300 $903,000 $370,300
2014 $11,231 $1,273,300 $903,000 $370,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 581380

South Jersey Shore Regional MLS

APN: 08-01910-0000-00013