NOT LISTED FOR SALE

38 Walnut Rd Ocean City, NJ 08226

Estimated Value: $2,012,000 - $3,081,000

4 Beds
3.5 Baths
3,169 Sq Ft
$763/Sq Ft Est. Value

Last Sold August 25, 2023

Last sale price $1,700,000 $536 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $13,994/month

5 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Skylights
  • Ocean City Primary School Rated A
  • Furnished
  • Porch

About This Home

As of August 2023

This Bay Area property is the epitome of shore living, with all the amenities you need in a comfortable relaxing home at the beach. The home boasts 4 spacious bedrooms & 3.5 well-appointed bathrooms, sitting on a generous 50x100-foot lot with ample room for outdoor entertaining & relaxing in the sun. The expansive wraparound porch is the perfect spot to enjoy fresh air & people-watching. The attached garage is convenient for storing beach gear and parking your car, while the walk-up attic provides additional storage space, and a central vacuum keeps your home-cleaning easy peasy! The home is beautifully furnished and decorated with a coastal flair, and features two living areas for relaxing & entertaining. The main family room spans across the entire back of the house & includes a convenient wet bar close to the back deck, while the living room has a gas fireplace and is perfect for kids to have their own space. The gourmet kitchen is the heart of the home, with a center island, a kitchen table below sun-adorned skylights, and a formal dining room for entertaining guests. The huge master bedroom is a parent's dream, with its own office space, private deck, and fully-tiled bathroom with double sinks and two large walk-in closets. Just a bike ride to the Goldcoast beaches, why wait to enjoy this friendly neighborhood filled with gorgeous bay views, and all that Ocean City has to offer! Contact the listing agent before its gone!

Last Agent to Sell the Property

Caroline Watts

BHHS FOX and ROACH-109 34th OC Listed on: 07/12/2023

BHHS FOX and ROACH-109 34th OC

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,923

Lot Details

  • Lot Dimensions are 50x100

Parking

  • 1.5 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Skylights
  • Gas Log Fireplace
  • Dining Room
  • Storage

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Porch

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,923

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Also Includes: Furnished
  • Lvt Date: 07/13/2023
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Gas Log
  • Flooring: Hardwood, Vinyl
  • Interior Amenities: Kitchen Center Island, Skylight(s), Storage, Walk In Closet
  • Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Dining Room, Eat In Kitchen

Exterior Features

  • Outside Features: Deck, Porch
  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Concrete
  • Garage: One And Half Car
  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central, Multi-Zoned
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 25, 2023
Sold by
Sassi Bruce A
Bought by
Mcmenamin Thomas and Mcmenamirsi Helen
Seller's Agent
Caroline Watts
BHHS FOX and ROACH-109 34th OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$1,695,000
Sold Price
$1,700,000
Premium/Discount to List
$5,000
0.29%
Views
31
Current Estimated Value
$2,416,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$716,558
Avg. Annual Appreciation
19.12%

Purchase Details

Listed on
Nov 2, 2021
Closed on
Apr 15, 2022
Sold by
Thomas Pitcherella
Bought by
Sassi Bruce A
Seller's Agent
Kevin Redmond
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
Buyer's Agent
JOAN SPENCER
BERGER REALTY-E
List Price
$1,695,000
Sold Price
$1,677,500
Premium/Discount to List
-$17,500
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.00%
Original Mortgage
$1,509,582
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2010
Sold by
Davish Francis X and Davish Penelope J
Bought by
Pitcherella Thomas and Pitcherella Lynda

Purchase Details

Closed on
Apr 10, 1996
Sold by
Eddis Thos
Bought by
Davish Francis and Davish Penolope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.34%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Mcmenamin Thomas $1,700,000 Freedom Title
Sassi Bruce A $1,677,500 Surety Title
Pitcherella Thomas $895,000 Foundation Title Llc
Davish Francis $106,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sassi Bruce A $1,509,582
Previous Owner Davish Francis X $1,000,000
Previous Owner Davish Francis X $800,000
Previous Owner Davish Francis $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $1,700,000 +0.3% $536 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $1,695,000 +1.0% $535 / Sq Ft
04/22/2022 04/22/22 Sold $1,677,500 -1.0% $529 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
11/02/2021 11/02/21 For Sale $1,695,000 -- $535 / Sq Ft
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
2025 $9,923 $884,400 $390,000 $494,400
2024 $9,923 $884,400 $390,000 $494,400
2023 $9,136 $853,000 $390,000 $463,000
2022 $8,777 $853,000 $390,000 $463,000
2021 $8,573 $853,000 $390,000 $463,000
2020 $8,342 $853,000 $390,000 $463,000
2019 $8,249 $853,000 $390,000 $463,000
2018 $8,172 $853,000 $390,000 $463,000
2017 $8,044 $853,000 $390,000 $463,000
2016 $7,737 $853,000 $390,000 $463,000
2015 $7,634 $853,000 $390,000 $463,000
2014 $7,523 $853,000 $390,000 $463,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 575851

South Jersey Shore Regional MLS

APN: 08-01913-0000-00004