NOT LISTED FOR SALE

5 Marshall Ln Ocean City, NJ 08226

Estimated Value: $3,322,600 - $4,133,000

6 Beds
3.5 Baths
2,840 Sq Ft
$1,284/Sq Ft Est. Value

Last Sold May 24, 2018

Last sale price $1,750,000 $616 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $20,702/month

200 Days on Market

Highlights

  • Boat Slip
  • In Ground Pool
  • Deck
  • Ocean City Primary School Rated A
  • Home fronts a lagoon or estuary
  • Living Room with Fireplace

About This Home

As of May 2018

Lovely custom 10-year new 3 story Bayfront Single Family home in the heart of the Riviera section featuring 6 Bedrooms, 3 luxurious baths and a powder room. Hardwood floors with beautiful gourmet kitchen complete with granite countertops, handmade cabinetry and high-end appliances. This home has an elevator for your convenience. Outside features include, pool with large deck for entertaining and situated at the perfect spot for viewing the expansive lagoon. 50' of water frontage with docking, newer bulkhead and much more. This is a must-see home!

Last Agent to Sell the Property

ROBERT D PITERA

Compass New Jersey-Ocean City (O463E) License #SP-9031546 Listed on: 09/15/2017

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

NICHOLAS BRICKER

Compass New Jersey-Ocean City (O463E)

Compass New Jersey-Ocean City (O463E)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,887

Lot Details

  • Lot Dimensions are 50 x 100
  • Home fronts a lagoon or estuary
  • Fenced
  • Sprinkler System

Home Design

  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Elevator
  • Central Vacuum
  • Partially Furnished
  • Cathedral Ceiling
  • Living Room with Fireplace
  • Dining Area
  • Den

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Burglar Security System
  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Car Attached Garage
  • Automatic Garage Door Opener

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Deck
  • Patio

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,887

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 6 To 10 Years
  • Also Includes: Partially Furnished
  • Lvt Date: 09/18/2017
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Burglar Alarm, Central Vacuum, Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Living Room
  • Flooring: Hardwood, Tile
  • Interior Amenities: Cathedral Ceiling, Carbon Monoxide Detector, Elevator, Kitchen Center Island, Security System, Smoke/Fire Alarm, Walk In Closet, Whirlpool
  • Bedrooms: 6
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Other Rooms: Den/Tv Room, Dining Area, Eat In Kitchen, Laundry/Utility Room

Exterior Features

  • Outside Features: Boat Slip, Deck, Fenced Yard, Patio, Pool-In Ground, Sidewalks, Sprinkler System
  • Siding Exterior: Vinyl
  • Storm Screens: Combination

Garage/Parking

  • Driveway: Concrete
  • Garage: Three Or More Cars, Attached Garage, Auto Door Opener
  • Parking Exterior: Two Car

Utilities

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

Lot Info

  • Location: Bulkheaded, Lagoon Front
  • Lot Dimensions: 50 X 100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2017
Closed on
May 24, 2018
Sold by
Burk Theresa
Bought by
Miller Lance and Miller Michele S
Seller's Agent
ROBERT D PITERA
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
NICHOLAS BRICKER
Compass New Jersey-Ocean City (O463E)
List Price
$1,899,000
Sold Price
$1,750,000
Premium/Discount to List
-$149,000
-7.85%
Current Estimated Value
$3,647,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,897,150
Avg. Annual Appreciation
10.40%
Original Mortgage
$925,000
Outstanding Balance
$798,283
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,848,867

Purchase Details

Closed on
Jul 30, 2004
Sold by
Reilly Joseph G and Reilly Brian
Bought by
Burk Joseph and Burk Theresa

Purchase Details

Closed on
Dec 1, 2003
Sold by
Pittis Viola
Bought by
Reilly Joseph G and Reilly Brian

Purchase Details

Closed on
Oct 23, 1992
Sold by
Pitts James P and Pitts Viola
Bought by
Pitts Viola
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Miller Lance $1,750,000 --
Burk Joseph $1,325,000 The Title Company Of Jersey
Reilly Joseph G $975,000 --
Pitts Viola -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Lance $925,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2018 05/24/18 Sold $1,750,000 -7.8% $616 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
09/15/2017 09/15/17 For Sale $1,899,000 -- $669 / 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 $18,887 $1,683,300 $754,600 $928,700
2024 $18,887 $1,683,300 $754,600 $928,700
2023 $18,028 $1,683,300 $754,600 $928,700
2022 $17,321 $1,683,300 $754,600 $928,700
2021 $12,557 $1,683,300 $754,600 $928,700
2020 $16,463 $1,683,300 $754,600 $928,700
2019 $16,278 $1,683,300 $754,600 $928,700
2018 $16,126 $1,683,300 $754,600 $928,700
2017 $15,874 $1,683,300 $754,600 $928,700
2016 $15,268 $1,683,300 $754,600 $928,700
2015 $15,066 $1,683,300 $754,600 $928,700
2014 $14,847 $1,683,300 $754,600 $928,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    ROBERT D PITERA

    Compass New Jersey-Ocean City (O463E)

    4 in this area

    5 Total Sales

    ROBERT D PITERA
    Section Image
  • NICHOLAS BRICKER

    Buyer's Agent in 2018

    NICHOLAS BRICKER

    Compass New Jersey-Ocean City (O463E)

    (609) 231-1562

    8 in this area

    22 Total Sales

    NICHOLAS BRICKER
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 494248

South Jersey Shore Regional MLS

APN: 08-02214-0000-00014

New Jersey Cape May County Ocean City 08226

5 Marshall Ln, Ocean City, NJ

This home is located at 5 Marshall Ln, Ocean City, NJ 08226 since 15 September 2017 and is currently estimated at $3,647,150, approximately $1,284 per square foot. 5 Marshall Ln is a home located in Cape May County with nearby schools including Ocean City Primary School, Ocean City Intermediate School, and Ocean City High School.

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