NOT LISTED FOR SALE

54 Arkansas Ave Ocean City, NJ 08226

Estimated Value: $3,809,458 - $4,997,000

4 Beds
4.5 Baths
-- Sq Ft
5,881 Sq Ft Lot

Last Sold March 16, 2015

Last sale price $1,825,000

Est. 129% increase in value since last sale

Current estimated payment $24,786/month

14 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Boat Slip
  • Deck
  • Ocean City Primary School Rated A
  • Home fronts a lagoon or estuary
  • Wood Flooring

About This Home

As of March 2015

This luxurious bayfront home is located in the heart of the Riviera, Ocean City's most exclusive neighborhood. This magnificent property features 4 bedrooms, 4.5 bathrooms, a gourmet kitchen, top of the line appliance package, hardwood floors, custom tiled bathrooms, whirlpool spa, professionally appointed interior and much more. Entertain your guests on the expansive waterfront deck overlooking Ocean City's premier lagoon.

Last Agent to Sell the Property

Patrick Halliday

BHHS FOX and ROACH-West Ave OC License #0453531 Listed on: 01/12/2015

BHHS FOX and ROACH-West Ave OC

Last Buyer's Agent

John Lazzara

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St License #0119965

LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,501

Year Built

  • Built in 2002

Lot Details

  • Lot Dimensions are 51 x 105
  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Fenced

Parking

  • Stone Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Blinds
  • Storage
  • Crawl Space

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Shower
  • Boat Slip
  • Deck
  • Patio

Utilities

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

Community Details

  • Rivieria Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,501

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Age: 11 To 15 Years
  • Also Includes: Blinds, Curtains
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Gas Stove, Microwave, Refrigerator, Self Cleaning Oven, Washer
  • Fireplace: Built-In, Gas Log
  • Flooring: Hardwood, Tile, W/W Carpet
  • Interior Amenities: Carbon Monoxide Detector, Kitchen Center Island, Storage, Smoke/Fire Alarm, Walk In Closet, Whirlpool
  • Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Crawl Space
  • Other Rooms: Eat In Kitchen

Exterior Features

  • Outside Features: Boat Slip, Curbs, Deck, Fenced Yard, Outside Shower, Patio, Paved Road, Sidewalks
  • Siding Exterior: Vinyl
  • Storm Screens: Combination, Screens

Garage/Parking

  • Driveway: Stone

Utilities

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

Lot Info

  • Location: Bay Front, Bulkheaded, Docks, Lagoon Front
  • Lot Dimensions: 51 x 105
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2015
Closed on
Mar 16, 2015
Sold by
Gravenstine Mark
Bought by
Sasser James T and Sasser Susan L
Seller's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
Buyer's Agent
John Lazzara
LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St
List Price
$1,825,000
Sold Price
$1,825,000
Current Estimated Value
$4,174,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,349,149
Avg. Annual Appreciation
8.22%
Original Mortgage
$800,000
Outstanding Balance
$606,306
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$3,547,199

Purchase Details

Closed on
Dec 28, 2011
Sold by
Gravenstine Mark and Gravenstine Susan Carole
Bought by
Gravenstine Mark

Purchase Details

Closed on
Mar 31, 2011
Sold by
Williams Michael J and Williams Kathryn
Bought by
Gravenstine Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 15, 2002
Sold by
Jwr Construction Inc
Bought by
Williams Michael J and Williams Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,001
Interest Rate
6.73%
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
Sasser James T $1,825,000 Fidelity National Title
Gravenstine Mark -- None Available
Gravenstine Mark $1,850,000 Freedom Title & Abstract Com
Williams Michael J $1,559,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sasser James T $800,000
Previous Owner Gravenstine Mark $800,000
Previous Owner Williams Michael J $994,000
Previous Owner Williams Michael J $1,000,000
Previous Owner Williams Michael J $500,000
Previous Owner Williams Michael J $1,016,000
Previous Owner Williams Michael J $1,000,001
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2015 03/16/15 Sold $1,825,000 0.0% --
01/26/2015 01/26/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $1,825,000 -- --
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 $24,501 $2,183,700 $798,700 $1,385,000
2024 $24,501 $2,183,700 $798,700 $1,385,000
2023 $23,387 $2,183,700 $798,700 $1,385,000
2022 $18,274 $1,775,900 $798,700 $977,200
2021 $13,176 $1,775,900 $798,700 $977,200
2020 $17,105 $1,749,000 $777,200 $971,800
2019 $16,913 $1,749,000 $777,200 $971,800
2018 $16,755 $1,749,000 $777,200 $971,800
2017 $16,493 $1,749,000 $777,200 $971,800
2016 $15,863 $1,749,000 $777,200 $971,800
2015 $15,654 $1,749,000 $777,200 $971,800
2014 $15,426 $1,749,000 $777,200 $971,800
Source: Public Records

Agents Affiliated with this Home

  • Patrick Halliday

    Seller's Agent in 2015

    Patrick Halliday

    BHHS Fox & Roach

    (609) 602-3917

    217 in this area

    363 Total Sales

    Section Image
  • John Lazzara

    Buyer's Agent in 2015

    John Lazzara

    LONG and FOSTER REAL ESTATE INC-Ocean City, 9th St

    (609) 442-7387

    5 in this area

    12 Total Sales

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 441419

South Jersey Shore Regional MLS

APN: 08-01910-0000-00005-02

New Jersey Cape May County Ocean City 08226

54 Arkansas Ave, Ocean City, NJ

This home is located at 54 Arkansas Ave, Ocean City, NJ 08226 since 12 January 2015 and is currently estimated at $4,260,865. This property was built in 2002. 54 Arkansas Ave 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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