NOT LISTED FOR SALE

524 W Surf Rd Ocean City, NJ 08226

Estimated Value: $2,308,000 - $3,562,000

5 Beds
5 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $2,550,000

Est. 13% increase in value since last sale

Current estimated payment $16,851/month

392 Days on Market

Highlights

  • New Construction
  • Den
  • Fireplace
  • Ocean City Primary School Rated A
  • Breakfast Area or Nook
  • Walk-In Closet

About This Home

As of September 2023

This 5 bedroom 5 bath custom home located in the beautiful Garden's section of Ocean City is calling your name! Pull up to your dream home and welcome yourself to sit back and relax on your front porch. Invite the whole family to enjoy the retreat at the beach. This Halliday-Leonard dream kitchen will feature a stunning tile backsplash, hand selected counter tops that are complemented by GE Monogram appliances. Enjoy breakfast in the nook or hang around the oversized kitchen island. Invite guests over for a cozy visit in the living room or feast in the dining room! Looking for a break-enjoy the serenity of the backyard from your deck or a good book in your study. The luxury continues in each of the 5 bedrooms. Featuring a master bedroom fully equipped with a walk-in closet and master bath. Head to the top floor to the junior master that features access to a space you can call your own! Each full bathroom will be an oasis after a day at the beach, each featuring ceramic flooring and full tiled showers with tub enclosures. Upgrade for a pool in rear yard is optional. Enjoy everything that Ocean City has to offer in this dream home by the beach! Estimated completion date is Mid Spring

Last Agent to Sell the Property

Christopher Oliva

Compass New Jersey-Ocean City (O463E) Listed on: 07/22/2022

Compass New Jersey-Ocean City (O463E)

Co-Listed By

GLENN RICHARD EDGINTON

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Dean Tridente

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,457

Lot Details

  • 4,792

Parking

  • 1.5 Car Garage

Home Design

  • New Construction

Interior Spaces

  • 3-Story Property
  • Fireplace
  • Dining Room
  • Den
  • Library
  • Storage In Attic
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,457

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 3 Story
  • Age: 0 To 1 Year
  • Lvt Date: 07/23/2022
  • New Construction: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Gas Stove, Microwave, Refrigerator
  • Fireplace: Built-In
  • Flooring: Tile, Vinyl
  • Interior Amenities: Kitchen Center Island, Walk In Closet
  • Bedrooms: 5
  • Full Bathrooms: 5
  • Other Rooms: Breakfast Nook, Den/Tv Room, Dining Room, Eat In Kitchen, Library/Study, Laundry/Utility Room, Storage Attic

Garage/Parking

  • Driveway: Concrete
  • Garage: One And Half Car

Utilities

  • Air Conditioner: Central
  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: variable
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2022
Closed on
Sep 29, 2023
Sold by
Seaside Ventures Llc
Bought by
Giaconia Victor and Stavola Samantha
Seller's Agent
Christopher Oliva
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Dean Tridente
Keller Williams Realty Jersey Shore-Ocean City
List Price
$2,599,000
Sold Price
$2,550,000
Premium/Discount to List
-$49,000
-1.89%
Views
525
Current Estimated Value
$2,876,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$326,916
Avg. Annual Appreciation
6.15%
Original Mortgage
$2,040,000
Outstanding Balance
$2,000,711
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$876,205

Purchase Details

Closed on
Apr 28, 2022
Sold by
Hopper Gerald E and Hopper Kimberly R
Bought by
Seaside Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
5.1%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 31, 1989
Sold by
Hopper Gerald and Hopper Sophie
Bought by
Hopper Gerald and Hopper Kimberly

Purchase Details

Closed on
Jan 25, 1989
Sold by
Hopper Gerald
Bought by
Hopper Gerald and Hopper Sophie
Source: Public Records

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
Giaconia Victor $2,550,000 Freedom Title
Giaconia Victor $2,550,000 Freedom Title
Seaside Ventures Llc $1,275,000 Surety Title
Hopper Gerald $164,000 --
Hopper Gerald E $164,000 --
Hopper Gerald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giaconia Victor $2,040,000
Closed Giaconia Victor $2,040,000
Previous Owner Seaside Ventures Llc $1,900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $2,550,000 -1.9% --
08/23/2023 08/23/23 For Sale $2,599,000 +1.9% --
08/21/2023 08/21/23 Off Market $2,550,000 -- --
08/18/2023 08/18/23 Pending -- -- --
07/25/2023 07/25/23 Price Changed $2,599,000 -3.7% --
06/08/2023 06/08/23 Price Changed $2,699,900 -0.3% --
06/08/2023 06/08/23 Price Changed $2,709,000 -2.9% --
07/22/2022 07/22/22 For Sale $2,789,000 -- --
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 $18,457 $1,645,000 $387,200 $1,257,800
2024 $18,457 $1,645,000 $387,200 $1,257,800
2023 $4,147 $387,200 $387,200 $0
2022 $4,669 $453,700 $387,200 $66,500
2021 $4,560 $453,700 $387,200 $66,500
2020 $4,437 $453,700 $387,200 $66,500
2019 $4,387 $453,700 $387,200 $66,500
2018 $4,346 $453,700 $387,200 $66,500
2017 $4,278 $453,700 $387,200 $66,500
2016 $4,115 $453,700 $387,200 $66,500
2015 $4,061 $453,700 $387,200 $66,500
2014 $4,002 $453,700 $387,200 $66,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 565452

South Jersey Shore Regional MLS

APN: 08-00070-18-00021