NOT LISTED FOR SALE

42 S Lake Dr Unit 42 Marmora, NJ 08223

Estimated Value: $99,000 - $163,000

2 Beds
1 Bath
384 Sq Ft
2,265 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $200,000 $521 Per Sq Ft

Est. 37% decrease in value since last sale

Current estimated payment $841/month

4 Days on Market

Highlights

  • Recreation Room
  • Community Pool
  • Security Service
  • Sun or Florida Room
  • Tennis Courts
  • Central Air

About This Home

As of June 2023

Welcome to the Best Kept Secret at the Jersey Shore! An affordable way to own a slice of paradise just 2 miles to Ocean City NJ!!!!! Bayberry Cove Resort is seasonal living at its finest. Open April 1st -October 31st. You own the house and the lot. No ground rent and no 99-year lease!!!! This home has been lovingly maintained by its original owners since 1990. As you enter the gated park you will be greeted with beautiful landscaping, an office, PAVED streets and enveloped by a warm and friendly feeling. This beach cottage features two bedrooms and one full bath. A newer HVAC system and refrigerator. A spacious backyard for privacy with a fully enclosed outdoor shower. A beautiful large sunroom that boasts plenty of sunshine. Come relax at your own home after a day at the community pool, lakes, or the nearby beaches! This home is a short walk to the pavilion for entertainment, the laundry room, the lake, pool, tennis, and basketball courts. This is your own summer oasis. Enjoy the many activities that the community has to offer, including game/craft nights, Christmas in July, Halloween in August, the 4th of July parade, live entertainment and so much more that will become a tradition for you and your family. You can also rent a spot at the dry boat yard if needed. This community is top notch and has everything you need inside the gates. Come make memories to last a lifetime. It is super close to dining, grocery stores, shopping, and nightlife. Why rent when you can own in a gorgeous resort? Come check out this beautiful home today because it will not last!

Last Listed By

Janine Furillo

COLDWELL BANKER REALTY - Moorestown License #2295797 Listed on: 05/18/2023

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,769

Year Built

  • Built in 1990

Lot Details

  • Fenced

Parking

  • 2 Parking Spaces

Home Design

  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Partially Furnished
  • Drapes & Rods
  • Blinds
  • Dining Area
  • Recreation Room
  • Sun or Florida Room

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Well
  • Septic Tank
  • Private Sewer

Community Details

Overview

  • Association fees include cable, hot water, management, maintenance, pool, sewer, trash, water
  • Bayberry Cove Condos

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Restriction

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,769

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Condominium
  • Type: Condo
  • Also Includes: Blinds, Curtains, Partially Furnished
  • Lvt Date: 05/19/2023
  • Year Built: 1990
  • Age: 25+ Years
  • Number Of Levels In Unit: One
  • Number Of Stories In Bldg: One
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Electric Stove, Microwave, Refrigerator
  • Bedrooms: 2
  • Full Bathrooms: 1
  • Other Rooms: Dining Area, Florida Room, Recreation/Family
  • Common Area Features: Fenced Yard, Laundromat On Site, Playground, Pool, Security, Tennis Court

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Parking Exterior: Two Car

Utilities

  • Air Conditioner: Central
  • Heating: Electric, Heat Pump
  • Sewer: Private, Septic
  • Water: Private, Well

Condo/Co-op/Association

  • HOA Includes: Cable, Hot Water, Management, Maintenance, Pool, Sewer, Trash, Water
  • Condo Name: Bayberry Cove
  • Management: Association

Rental Info

  • Pets: Yes W/Restrictions

Multi Family

  • Unit Features: Pets Allowed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 16, 2023
Sold by
Sarmento Dominic J and Sarmento Bernice N
Bought by
Byrnes Mark R and Byrnes Kristina L
Seller's Agent
Janine Furillo
COLDWELL BANKER REALTY - Moorestown
Buyer's Agent
Stacy Demcher
Keller Williams Realty Jersey Shore-Ocean City
List Price
$199,900
Sold Price
$200,000
Premium/Discount to List
$100
0.05%
Total Days on Market
4
Views
56
Current Estimated Value
$125,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,799
Avg. Annual Appreciation
-20.36%

Purchase Details

Closed on
Nov 28, 2006
Sold by
Sarmento Bernice N
Bought by
Sarmento Dominic J and Sarmento Bernice N

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
Byrnes Mark R $77,100 Title Partners
Sarmento Dominic J -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $200,000 +0.1% $521 / Sq Ft
05/22/2023 05/22/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $199,900 -- $521 / 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
2024 $1,769 $77,100 $65,000 $12,100
2023 $1,682 $77,100 $65,000 $12,100
2022 $1,621 $77,100 $65,000 $12,100
2021 $1,503 $77,100 $65,000 $12,100
2020 $1,503 $77,100 $65,000 $12,100
2019 $1,463 $77,100 $65,000 $12,100
2018 $1,424 $77,100 $65,000 $12,100
2017 $1,406 $77,100 $65,000 $12,100
2016 $1,430 $77,100 $65,000 $12,100
2015 $1,392 $77,100 $65,000 $12,100
2014 $1,100 $74,700 $70,000 $4,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 574163

South Jersey Shore Regional MLS

APN: 11-00599-0000-00016-0000-C042