400 Commonwealth Ave Strathmere, NJ 08248
5
Beds
4
Baths
4,000
Sq Ft
0.31
Acres
Highlights
- Ocean Front
- Deck
- Wood Flooring
- Ocean City Primary School Rated A
- Cathedral Ceiling
- Furnished
About This Home
As of October 2024PRICE REDUCTION ....NOW $4,250,000......BEACH FRONT ----SPECTACULAR VIEWS ! This is the home you've be dreaming of located on an oversized lot nestled in the dunes with views of the bay, inlet, ocean and skyline of Ocean City and Atlantic City. Custom designed and built to make this one of the Trophy Homes at The Jersey Shore located just north of Avalon and Sea Isle City in Strathmere. The home features an extremely large primary suite with private deck, gas fireplace and sitting area, 3 stop elevator, 6 decks, 5 bedrooms, 4 baths, living room with stone fireplace, family area with wet bar, and oversized kitchen with dining area. The attached 2 car garage plus storage garage for beach toys, kayaks, chairs and beach gear gives you plenty of storage. 11/1/23 New Septic System has been installed and approved by Cape May County. Recent price reduction. Watch for this home to be featured on Magnolia TV
Last Agent to Sell the Property
Mike Ternosky
BHHS FOX and ROACH-Sea Isle City License #7820954 Listed on: 06/28/2023
Last Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE License #00000
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $50,830
Year Built
- Built in 1992
Lot Details
- Lot Dimensions are 133 x 100
- Ocean Front
- Property Fronts a Bay or Harbor
- Fenced
Home Design
- Stucco
Interior Spaces
- 3-Story Property
- Elevator
- Furnished
- Bar
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Drapes & Rods
- Blinds
- Great Room
- Dining Area
- Water Views
Kitchen
- Eat-In Kitchen
- Self-Cleaning Oven
- Stove
- Microwave
- Dishwasher
- Kitchen Island
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Intercom
- Storm Screens
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Car Garage
- Automatic Garage Door Opener
Accessible Home Design
- Handicap Accessible
Outdoor Features
- Outdoor Shower
- Deck
- Patio
Utilities
- Forced Air Zoned Cooling and Heating System
- Heating System Uses Natural Gas
- Gas Water Heater
- Septic Tank
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2023
Closed on
Oct 18, 2024
Sold by
Tigani F Gregory F and Tigani Judy
Bought by
Piazza Daniel J
Seller's Agent
Mike Ternosky
BHHS FOX and ROACH-Sea Isle City
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$4,250,000
Sold Price
$3,260,000
Premium/Discount to List
-$990,000
-23.29%
Views
826
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,972
Avg. Annual Appreciation
6.77%
Original Mortgage
$2,445,000
Outstanding Balance
$2,432,916
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$980,056
Purchase Details
Listed on
Oct 12, 2015
Closed on
Apr 14, 2016
Sold by
Faber Maureen H and Brancifort Kathleen
Bought by
Tigani Tigani F and Tigani Judy
Seller's Agent
Bruce Riordan
RIORDAN REAL ESTATE INC.
List Price
$2,749,000
Sold Price
$2,500,000
Premium/Discount to List
-$249,000
-9.06%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.16%
Purchase Details
Closed on
Dec 29, 2003
Sold by
Monaghan Patricia N
Bought by
Monaghan Patricia N and Monaghan John M
Purchase Details
Closed on
Jun 15, 2001
Sold by
Lord Albert L
Bought by
Monaghan John M and Monaghan Patricia N
Purchase Details
Closed on
Jul 28, 1992
Sold by
Realty Exchange Services Inc
Bought by
Lord Albert L and Lord Suzanne D
Purchase Details
Closed on
Jul 22, 1992
Sold by
Bonner James F and Bonner Anne
Bought by
Realty Exchange Services Inc
Purchase Details
Closed on
Jun 9, 1992
Sold by
Bonner James F and Bonner Anna
Bought by
Atlantic City Electric & Nj Bell
Purchase Details
Closed on
Apr 10, 1992
Sold by
Griffin Mary Ellen
Bought by
Bonner James F and Bonner Anne
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-
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Welcome to your dream home, a masterpiece of modern luxury nestled on a spacious 60x115 lot, where breathtaking panoramic ocean and meadow views greet you every morning. This newly constructed marvel offers three levels of exquisite living space, featuring three luxurious bedrooms and three full bathrooms. Ascend through the home via a state-of-the-art four-stop elevator, adorned with premium
Dorothy Phillips BHHS FOX and ROACH-109 34th OC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $3,260,000 | Seaboard Title | |
| Deed | $2,500,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Deed | $1,837,500 | -- | |
| Deed | $1,837,500 | -- | |
| Deed | $800,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,445,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/18/2024 10/18/24 | Sold | $3,260,000 | -23.3% | $815 / Sq Ft |
| 09/03/2024 09/03/24 | Pending | -- | -- | -- |
| 06/25/2024 06/25/24 | For Sale | $4,250,000 | 0.0% | $1,063 / Sq Ft |
| 06/25/2024 06/25/24 | Price Changed | $4,250,000 | +30.4% | $1,063 / Sq Ft |
| 06/20/2024 06/20/24 | Off Market | $3,260,000 | -- | -- |
| 02/16/2024 02/16/24 | Price Changed | $4,500,000 | -9.1% | $1,125 / Sq Ft |
| 06/28/2023 06/28/23 | For Sale | $4,950,000 | +98.0% | $1,238 / Sq Ft |
| 04/14/2016 04/14/16 | Sold | $2,500,000 | -9.1% | $625 / Sq Ft |
| 03/15/2016 03/15/16 | Pending | -- | -- | -- |
| 10/12/2015 10/12/15 | For Sale | $2,749,000 | -- | $687 / Sq Ft |
Source: South Jersey Shore Regional MLS
Tax History Compared to Growth
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 | $50,830 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2023 | $48,267 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2022 | $46,642 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2021 | $23,279 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2020 | $43,232 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2019 | $42,179 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2018 | $41,080 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2017 | $40,623 | $2,288,600 | $1,015,000 | $1,273,600 |
| 2016 | $24,509 | $1,360,100 | $1,015,000 | $345,100 |
| 2015 | $23,856 | $1,360,100 | $1,015,000 | $345,100 |
| 2014 | $20,062 | $1,400,000 | $1,000,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2024
Mike Ternosky
BHHS Fox & Roach
(609) 967-8018
1 in this area
20 Total Sales
-
A
Buyer's Agent in 2024
AGENT NON-MEMBER
NON-MEMBER OFFICE
-
Bruce Riordan
B
Seller's Agent in 2016
Bruce Riordan
RIORDAN REAL ESTATE INC.
(609) 827-0135
29 in this area
43 Total Sales
-
BRIAN W RIORDAN
B
Seller Co-Listing Agent in 2016
BRIAN W RIORDAN
RIORDAN REAL ESTATE INC.
(609) 263-3235
32 in this area
50 Total Sales
Map
Source: South Jersey Shore Regional MLS
MLS Number: 579720
APN: 11-00866-0000-00008-02
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© 2025 South Jersey Shore Regional Multiple Listing Service. All rights reserved.
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