NOT LISTED FOR SALE

Estimated Value: $1,889,736 - $2,818,000

5 Beds
3.5 Baths
2,700 Sq Ft
$875/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $1,247,500 $462 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $14,731/month

77 Days on Market

Highlights

  • Ocean View
  • Water Access
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • New Construction
  • Eat-In Gourmet Kitchen

About This Home

As of November 2021

Harvey Cedars- Oceanblock New Construction- Construction slated to begin August 2021 with anticipated delivery of Memorial Day 2022. Act now and take advantage of the opportunity to customize your finishes and put your own signature on the finished home. Designed by Craig Brearley, this 5 bedroom, 3.5 bathroom new construction will sit on an oversized lot and provide 2,700 sq ft. of living space. This beautiful new reversed-living home will be situated perfectly to maximize the outstanding Ocean and Bay views and will feature wide plank engineered hardwood floors throughout, open floor plan with volume ceilings, a well appointed kitchen with quartz countertops, custom cabinetry, and top of the line appliance package; tiled showers, a gas fireplace, 3 stop elevator, 2 zoned HVAC, a second family gathering room with wet bar; a rooftop deck, Anderson 400 series windows, Cedar Impressions siding by Certainteed, Azek decks and tankless hot water heater. Outside there is plenty of room for a pool, firepit, outdoor kitchen and grill, etc. An outdoor shower accessible from the master bedroom!( PLEASE NOTE: All photos are from similar model designed by Craig Brearley and not exact replications of this project)

Last Agent to Sell the Property

Edward Freeman Sr

RE/MAX at Barnegat Bay - Ship Bottom License #0562673 Listed on: 07/02/2021

RE/MAX at Barnegat Bay - Ship Bottom

Last Buyer's Agent

Edward Freeman Sr

RE/MAX at Barnegat Bay - Ship Bottom License #0562673 Listed on: 07/02/2021

RE/MAX at Barnegat Bay - Ship Bottom

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,617

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 7,700 Sq Ft Lot
  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • Extensive Hardscape
  • Corner Lot
  • Level Lot
  • Property is in excellent condition
  • Property is zoned R-A

Parking

  • 2 Car Direct Access Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Property Views

  • Ocean
  • Bay

Home Design

  • Coastal Architecture
  • Contemporary Architecture
  • Reverse Style Home
  • Foundation Flood Vent
  • Frame Construction
  • Shingle Roof
  • Fiberglass Roof
  • Piling Construction

Interior Spaces

  • 2,700 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Mantel
  • Gas Fireplace
  • Double Hung Windows
  • Casement Windows
  • Sliding Doors
  • Family Room Off Kitchen
  • Dining Area

Kitchen

  • Eat-In Gourmet Kitchen
  • Built-In Oven
  • Gas Oven or Range
  • Commercial Range
  • Six Burner Stove
  • Range Hood
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Upgraded Countertops
  • Instant Hot Water

Flooring

  • Wood
  • Tile or Brick

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Washer
  • Gas Dryer

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Property is near an ocean
  • Deck
  • Exterior Lighting
  • Porch

Utilities

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

Community Details

  • No Home Owners Association
  • Harvey Cedars Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 00011
  • Assessor Parcel Number 10-00037-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,617

Year Built

Built in 2021 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary, Reverse
  • Accessibility Features: Elevator
  • Ownership: Fee Simple
  • Home Warranty: Yes
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Year Built: 2021
  • Automatically Close On Close Date: No
  • Remarks Public: Harvey Cedars- Oceanblock New Construction- Construction slated to begin August 2021 with anticipated delivery of Memorial Day 2022. Act now and take advantage of the opportunity to customize your finishes and put your own signature on the finished home. Designed by Craig Brearley, this 5 bedroom, 3.5 bathroom new construction will sit on an oversized lot and provide 2,700 sq ft. of living space. This beautiful new reversed-living home will be situated perfectly to maximize the outstanding Ocean and Bay views and will feature wide plank engineered hardwood floors throughout, open floor plan with volume ceilings, a well appointed kitchen with quartz countertops, custom cabinetry, and top of the line appliance package; tiled showers, a gas fireplace, 3 stop elevator, 2 zoned HVAC, a second family gathering room with wet bar; a rooftop deck, Anderson 400 series windows, Cedar Impressions siding by Certainteed, Azek decks and tankless hot water heater. Outside there is plenty of room for a pool, firepit, outdoor kitchen and grill, etc. An outdoor shower accessible from the master bedroom!( PLEASE NOTE: All photos are from similar model designed by Craig Brearley and not exact replications of this project)
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Commercial Range, Dishwasher, Dryer - Gas, Oven - Single, Oven - Wall, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater, Water Heater - Tankless
  • Flooring Type: Tile/Brick, Hardwood
  • Interior Amenities: Ceiling Fan(s), Dining Area, Elevator, Family Room Off Kitchen, Floor Plan - Open, Kitchen - Eat-In, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Walk-In Closet(s), Wood Floors
  • Window Features: Double Hung, Casement
  • Fireplace Features: Gas/Propane, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Foundation Details: Flood Vent, Pilings
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 2700
  • Living Area Sq Ft: 2700
  • Price Per Sq Ft: 850.00
  • Above Grade Finished Sq Ft: 2700
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 6305-A

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Construction Completed: No
  • Exterior Features: Extensive Hardscape, Exterior Lighting, Outside Shower
  • Roof: Shingle, Fiberglass
  • View: Bay, Ocean
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry, Covered Parking, Garage Door Opener, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway, Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas, Electric
  • Cooling Type: Zoned, Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Zoned, Forced Air
  • Heating: Yes
  • Hot Water: Instant Hot Water, Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 243200.00
  • Land Assessed Value: 577600.00
  • Lot Features: Corner, Level
  • Lot Size Acres: 0.18
  • Lot Dimensions: IRR
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7700.00
  • Outdoor Living Structures: Deck(s), Porch(es), Roof
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R-A

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2940626
  • Tax Annual Amount: 7617.00
  • Assessor Parcel Number: 10-00037-00011
  • Tax Lot: 00011
  • Tax Total Finished Sq Ft: 1440
  • Tax Data Updated: No
  • Tax Year: 2020
  • Close Date: 11/12/2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Dec 30, 2021
Sold by
Michael Gervasio
Bought by
Given Not
Seller's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
Buyer's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$2,295,000
Sold Price
$1,247,500
Premium/Discount to List
-$1,047,500
-45.64%
Total Days on Market
77
Current Estimated Value
$2,362,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,114,684
Avg. Annual Appreciation
19.64%
Original Mortgage
$1,738,750
Outstanding Balance
$1,629,825
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$732,359

Purchase Details

Listed on
Jul 2, 2021
Closed on
Nov 10, 2021
Sold by
6305 A Harvey Cedars Llc
Bought by
Gervasio Michael
Seller's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
Buyer's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$2,295,000
Sold Price
$1,247,500
Premium/Discount to List
-$1,047,500
-45.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2021
Sold by
Hewgill Derek H and Haywood Martha S
Bought by
6305 A Harvey Cedars Llc

Purchase Details

Closed on
Apr 13, 1998
Sold by
Schimbeno Daniel L and Schimbeno Martha L
Bought by
Hewgill Derek H and Haywood Martha S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 1996
Sold by
Mcelroy Linda
Bought by
Schimbeno Daniel and Schimbeno Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Given Not -- None Listed On Document
Gervasio Michael $1,243,125 University Title Ins Agcy
6305 A Harvey Cedars Llc $997,500 University Title Ins Agcy
Hewgill Derek H $328,500 First American Title Ins Co
Schimbeno Daniel $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gervasio Michael $1,738,750
Previous Owner Gervasio Michael $750,000
Previous Owner Hewgill Derek H $80,000
Previous Owner Schimbeno Daniel $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $1,247,500 -45.6% $462 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $2,295,000 -- $850 / 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
2024 $17,657 $1,796,200 $577,600 $1,218,600
2023 $5,585 $577,600 $577,600 $0
2022 $5,585 $577,600 $577,600 $0
2021 $7,716 $820,800 $577,600 $243,200
2020 $7,617 $820,800 $577,600 $243,200
2019 $7,519 $820,800 $577,600 $243,200
2018 $7,691 $820,800 $577,600 $243,200
2017 $7,830 $820,800 $577,600 $243,200
2016 $8,134 $820,800 $577,600 $243,200
2015 $8,118 $820,800 $577,600 $243,200
2014 $7,769 $821,200 $577,600 $243,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2000648

Bright MLS

APN: 10-00037-0000-00011