NOT LISTED FOR SALE

40 Walnut Rd Ocean City, NJ 08226

Estimated Value: $2,803,000 - $5,369,000

6 Beds
4.5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Sale Details

Date Sold: January 14, 2020

Last sale price $1,480,000

Est. 146% increase in value since last sale

Current estimated payment $20,825 / mo

1 Day on Market

Highlights

  • New Construction
  • In Ground Pool
  • Cathedral Ceiling
  • Ocean City Primary School Rated A
  • Deck
  • Wood Flooring

About This Home

As of January 2020

This exquisite home is an original design where old southern charm meets new, modern & upscale amenities! Walk up to this beauty, with its bluestone & brick walkway with herringbone pattern to its black & white exterior, massive front porch, double columns, board & batten, & detailed brickwork all around. The 1st floor of this home offers an open floor plan with a massive dining room with shiplap ceilings, chef's kitchen , study/bedroom, & 7-8 person island, and spacious great room with herringbone pattern hardwood floors and elevator access. Walk up your beautiful staircase with hardwood stained treads & handrail with metal spindles. 2nd floor features the master bedroom with 2 walk in closets, make-up area & chandelier, a deck & amazing Master Bath that features the 1st if its kind (in OC) seamless shower doors & double vanity. You can find 3 more bedrooms including one JR suite and a spacious laundry room. On the ½ story, you will find its own private suite with bedroom, bathroom and den, perfect for in-laws or a teen. This home features a detached 2-car garage/man-cave/she-shed with roll up door for entertaining with an unfinished 2nd floor which overlooks a beautiful modern heated pool decked with tumbled marble and its own rear deck. This one is an absolute must see. See you at the Beach!

Last Agent to Sell the Property

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 09/17/2019

BHHS FOX and ROACH-Simpson OC

Last Buyer's Agent

Michael Contino

BHHS FOX and ROACH-Simpson OC Listed on: 09/17/2019

BHHS FOX and ROACH-Simpson OC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2020 | New Construction

Lot Details

  • Lot Dimensions are 50x100

Home Design

  • Vinyl Siding
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Den
  • Storage
  • Storage In Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Stone or Rock in Basement
  • Crawl Space

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

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

Home Details

Home Type

Single Family

Year Built

Built in 2020 | New Construction

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • New Construction: Yes
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log, Living Room
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Crawl Space, Masonry Floor/Wall
  • Other Rooms: Den/Tv Room, Dining Room, Eat In Kitchen, Great Room, Laundry/Utility Room, Pantry, Storage Attic

Exterior Features

  • Outside Features: Curbs, Deck, Outside Shower, Paved Road, Pool-In Ground, Porch, Porch Enclosed, Sidewalks
  • Siding Exterior: Stone, Vinyl
  • Storm Screens: Insulated Glass, Screens

Garage/Parking

  • Driveway: Concrete
  • Garage: Two Car, Detached Garage, Auto Door Opener

Utilities

  • Air Conditioner: Ceiling Fan(s), Central
  • Heating: Forced Air, Gas-Natural, Multi-Zoned
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 29, 2021
Sold by
Bought by
Current Estimated Value
$3,645,123

Purchase Details

Listed on
Sep 17, 2019
Closed on
Jan 15, 2020
Sold by
Bought by
Seller's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$1,650,000
Sold Price
$1,480,000
Premium/Discount to List
-$170,000
-10.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.92%
Original Mortgage
$1,184,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Oct 25, 2017
Closed on
Jan 30, 2018
Sold by
Bought by
Seller's Agent
Francis Davish
Keller Williams Realty Jersey Shore - Ocean City
Buyer's Agent
Michael Contino
BHHS FOX and ROACH-Simpson OC
List Price
$487,650
Sold Price
$487,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.20%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,300,000 Freedom Title
$1,480,000 Freedom Title
$487,650 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,184,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2020 01/14/20 Sold $1,480,000 -10.3% --
09/18/2019 09/18/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $1,650,000 +238.4% --
01/30/2018 01/30/18 Sold $487,650 0.0% -- View Prior Sale
11/25/2017 11/25/17 Pending -- -- --
10/25/2017 10/25/17 For Sale $487,650 -- --
Source: South Jersey Shore Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,009 $1,337,700 $390,000 $947,700
2025 $15,009 $1,337,700 $390,000 $947,700
2024 $15,009 $1,337,700 $390,000 $947,700
2023 $14,327 $1,337,700 $390,000 $947,700
2022 $13,765 $1,337,700 $390,000 $947,700
2021 $9,979 $1,337,700 $390,000 $947,700
2020 $3,814 $390,000 $390,000 $0
2019 $3,771 $390,000 $390,000 $0
2018 $4,129 $431,000 $390,000 $41,000
2017 $4,064 $431,000 $390,000 $41,000
2016 $3,909 $431,000 $390,000 $41,000
2015 $3,857 $431,000 $390,000 $41,000
2014 $3,801 $431,000 $390,000 $41,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 528068

South Jersey Shore Regional MLS

APN: 08-01913-0000-00003

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