NOT LISTED FOR SALE

50 E 10th St Ocean City, NJ 08226

Estimated Value: $4,904,000 - $6,185,000

6 Beds
6.5 Baths
-- Sq Ft
5,489 Sq Ft Lot

Last Sold November 15, 2022

Last sale price $5,150,000

Est. 13% increase in value since last sale

Current estimated payment $33,231/month

62 Days on Market

Highlights

  • New Construction
  • In Ground Pool
  • Deck
  • Avalon Elementary School Rated A
  • Building is beachfront but unit may not have water views
  • Recreation Room

About This Home

As of November 2022

Beach Block! New Construction! Only 4 Houses from the Beach! 2022 Delivery. Take this time to work with the Builder to make this home your own. It is designed for 6 spacious Bedrooms, 6 Baths, 1 Powder Room, In-ground heated Pool, Elevator. Being so close to the Ocean gives you an opportunity to Relax in the Refreshing Breezes and Soothing Sounds of the Ocean. Every Morning you will experience a Phenomenal Sunrise! This well appointed home features a distinctive blend of intimate personal space and grand entertaining. The stairway leads you up to the inviting open Great Room with Sliders out to a spacious Deck. This fabulous area will have a gas fire place, large dining area and a huge custom kitchen with high end appliances. Also included is an Elevator. The home will be professionally landscaped. The buried utility lines enhance the aesthetics and appeal of this location. Make this home yours for 2022! Buy Now…and Lock in a Deal at a Great Price today. Builder Plans in Associated Docs.

Last Agent to Sell the Property

Miriam Kauterman

AVALON STONE HARBOR REAL ESTATE Listed on: 07/02/2021

Last Buyer's Agent

AGENT NON-MEMBER

NON-MEMBER OFFICE License #00000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,314

Year Built

  • Built in 2022 | New Construction

Lot Details

  • Lot Dimensions are 50' x 110'
  • Building is beachfront but unit may not have water views

Parking

  • Attached Garage

Home Design

  • Upside Down Style Home
  • Vinyl Siding

Interior Spaces

  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Dining Room
  • Recreation Room
  • Storage
  • Laundry Room
  • Wood Flooring

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Kitchen Island

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Pool

  • In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Gas Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,314

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: Upside Down
  • Age: 0 To 1 Year
  • Lvt Date: 07/02/2021
  • New Construction: Yes
  • Year Built: 2022
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Refrigerator, Self Cleaning Oven
  • Fireplace: Gas Log
  • Flooring: Wood
  • Interior Amenities: Cathedral Ceiling, Elevator, Kitchen Center Island, Storage, Walk In Closet
  • Bedrooms: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Other Rooms: Dining Room, Laundry/Utility Room, Recreation/Family

Exterior Features

  • Outside Features: Deck, Outside Shower, Patio, Pool-In Ground, Sidewalks
  • Siding Exterior: Vinyl

Garage/Parking

  • Garage: Attached Garage

Utilities

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

Lot Info

  • Location: Beach Block
  • Lot Dimensions: 50' x 110'
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2023
Sold by
Borough Of Avalon
Bought by
Lamb Scott P and Lamb Sharon J
Current Estimated Value
$5,841,319

Purchase Details

Listed on
Jul 2, 2021
Closed on
Nov 15, 2022
Sold by
50 E 10Th Street Llc
Bought by
Lamb Scott P and Lamb Sharon J
Seller's Agent
Miriam Kauterman
AVALON STONE HARBOR REAL ESTATE
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$5,250,000
Sold Price
$5,150,000
Premium/Discount to List
-$100,000
-1.9%
Views
12

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%
Original Mortgage
$2,250,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2020
Sold by
Welsh Thomas J
Bought by
50 E 10Th Street Llc

Purchase Details

Closed on
Oct 8, 2020
Sold by
Kostin Raymond F and Cahill Jennifer
Bought by
Welsh Thomas J

Purchase Details

Closed on
Mar 10, 2014
Sold by
Hrynko Elaine G and Hrynko Stanley
Bought by
The Residuary Trust Of Raymond C Kostin and Hrynko Stanley

Purchase Details

Closed on
Feb 22, 2007
Sold by
Kostin Raymond C and Kostin Grace E
Bought by
Kostin Raymond C and Kostin Raymond F
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
Lamb Scott P -- None Listed On Document
Lamb Scott P -- None Listed On Document
Lamb Scott P $5,150,000 Seaboard Title
50 E 10Th Street Llc -- Fidelity National Title
Welsh Thomas J $2,250,000 Fidelity National Title (Aka
The Residuary Trust Of Raymond C Kostin -- None Available
Kostin Raymond C -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamb Scott P $2,250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $5,150,000 -1.9% --
09/02/2021 09/02/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $5,250,000 0.0% --
07/30/2021 07/30/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $5,250,000 -- --
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 $25,314 $4,122,800 $1,700,000 $2,422,800
2024 $25,314 $4,122,800 $1,700,000 $2,422,800
2023 $25,108 $4,122,800 $1,700,000 $2,422,800
2022 $9,656 $1,700,000 $1,700,000 $0
2021 $9,287 $1,700,000 $1,700,000 $0
2020 $8,942 $1,700,000 $1,700,000 $0
2019 $8,670 $1,700,000 $1,700,000 $0
2018 $8,296 $1,700,000 $1,700,000 $0
2017 $7,784 $1,400,000 $1,400,000 $0
2016 $7,700 $1,400,000 $1,400,000 $0
2015 $7,574 $1,400,000 $1,400,000 $0
2014 $7,490 $1,400,000 $1,400,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 552611

South Jersey Shore Regional MLS

APN: 01-00010-01-00012