NOT LISTED FOR SALE

Estimated Value: $901,000 - $1,756,000

3 Beds
2 Baths
1,500 Sq Ft
$846/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $995,000 $663 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,386/month

9 Days on Market

Highlights

  • Ocean View
  • Building is oceanfront but unit may not have water views
  • Deck
  • Parking available for a boat
  • Cape Cod Architecture
  • Wood Flooring

About This Home

As of April 2019

This is a very special & unique property. It represents an opportunity to not only own an extremely charming Beach Cottage but to own a piece of LBI history. 5000 Ocean Blvd offers a rare chance a vintage beach cottage that conforms to all FEMA elevation standards. Directly across the street from the beach entrance is 1,500 sq ft of old world charm...original heart pine flooring, 3 bedrooms (1 master suite upstairs & 2 downstairs), 2 full completely renovated baths, beautiful living room w/ wood burning fireplace, dining area w/ brick flooring, well appointed enclosed and private outdoor shower facility, inviting landscaped & hardscaped backyard offers the perfect backdrop for summer evening dinner parties or just enjoying evening breezes, ocean views from the upstairs deck, cedar shake siding & hand split cedar shake roofing, 2 zone gas hot water heating keep this cottage toasty through the coldest winter months & 2 zone split unit AC system that cools you through the summer.

Last Agent to Sell the Property

Edward Freeman Sr

(609) 661-5002 edwardfreeman@remax.net Freeman & Company Real Estate License #0562673 Listed on: 03/12/2019

Freeman & Company Real Estate

Last Buyer's Agent

David Seegers

(609) 489-3542 davidseegers822@gmail.com RE/MAX at Barnegat Bay - Ship Bottom License #1436135

RE/MAX at Barnegat Bay - Ship Bottom

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,835

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 50x75
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • The property's topography is level

Home Design

  • Cape Cod Architecture
  • Bungalow
  • Wood Roof
  • Shake Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • Property has 2 Levels
  • Partially Furnished
  • Wood Burning Fireplace
  • Brick Fireplace
  • Ocean Views
  • Crawl Space
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • Oversized Parking
  • Driveway
  • On-Street Parking
  • Off-Street Parking
  • Parking available for a boat

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Exterior Lighting
  • Outbuilding

Location

  • Flood Risk

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Baseboard Heater
  • Tankless Water Heater

Community Details

  • No Home Owners Association
  • Brant Beach Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 18-00015-81-00010

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,835

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow, Cape Cod
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1950
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven/Range - Electric, Built-In Microwave, Refrigerator, Washer, Water Heater - Tankless
  • Flooring Type: Ceramic Tile, Wood
  • Interior Amenities: Entry Level Bedroom, Primary Bath(s), Stall Shower
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1500
  • Living Area Sq Ft: 1500
  • Price Per Sq Ft: 726.00
  • Above Grade Finished Sq Ft: 1500
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Shake Siding
  • Construction Completed: No
  • Exterior Features: Boat Storage, Outbuilding(s), Exterior Lighting, Outside Shower
  • Roof: Wood
  • View: Water, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Garage Features: Oversized
  • Type Of Parking: Driveway, Off Street, On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Wall Unit
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 72500.00
  • Land Assessed Value: 630000.00
  • Lot Features: Corner, Level
  • Lot Dimensions: 50x75
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Topography: Level
  • Zoning: RES
  • Zoning Description: RES

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3025456
  • Tax Annual Amount: 6835.00
  • Assessor Parcel Number: 18-00015-81-00010
  • Tax Lot: 10
  • Tax Year: 2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
May 7, 2019
Sold by
Babey James M and Babey Tina M
Bought by
Bucci John M and Bucci Jennifer D
Seller's Agent
Edward Freeman Sr
Freeman & Company Real Estate
Buyer's Agent
David Seegers
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$1,089,000
Sold Price
$995,000
Premium/Discount to List
-$94,000
-8.63%
Current Estimated Value
$1,268,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$273,541
Avg. Annual Appreciation
3.68%
Original Mortgage
$646,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 2004
Sold by
Babey Tina M
Bought by
Babey James M and Babey Tina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.25%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 1998
Sold by
Guerrini Stephen L and Guerrini Stacy Robichau
Bought by
Babey James M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.5%

Purchase Details

Closed on
Mar 15, 1995
Sold by
Mcmenamin John
Bought by
Guerrini Stephen and Guerrini Stacy
Source: Public Records
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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
Bucci John M $995,000 Evident Title Agency Inc
Babey James M -- --
Babey James M $306,446 --
Guerrini Stephen $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bucci John M $646,750
Previous Owner Babey James M $150,000
Previous Owner Babey James M $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/25/2019 04/25/19 Sold $995,000 -8.6% $663 / Sq Ft
03/21/2019 03/21/19 Pending -- -- --
03/12/2019 03/12/19 For Sale $1,089,000 -- $726 / Sq Ft
Source: Bright 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 $9,037 $1,012,000 $855,000 $157,000
2024 $8,976 $1,012,000 $855,000 $157,000
2023 $8,420 $1,012,000 $855,000 $157,000
2022 $8,420 $1,012,000 $855,000 $157,000
2021 $8,157 $1,012,000 $855,000 $157,000
2020 $7,045 $708,800 $630,000 $78,800
2019 $7,046 $702,500 $630,000 $72,500
2018 $6,835 $702,500 $630,000 $72,500
2017 $6,870 $702,500 $630,000 $72,500
2016 $6,927 $702,500 $630,000 $72,500
2015 $6,920 $702,500 $630,000 $72,500
2014 $6,751 $702,500 $630,000 $72,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC143830

Bright MLS

APN: 18-00015-81-00010