NOT LISTED FOR SALE

Estimated Value: $3,051,000 - $7,541,000

5 Beds
4.5 Baths
4,436 Sq Ft
$1,351/Sq Ft Est. Value

Last Sold September 14, 2018

Last sale price $4,200,000 $947 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $36,060/month

138 Days on Market

Highlights

  • 125 Feet of Waterfront
  • Spa
  • Deck
  • Ocean View
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of September 2018

THE TEACUP HOUSE... A stunning Loveladies oceanfront landmark by Studio Tagland gracefully commands eternally shifting views of the Atlantic from its many decks and expanses of glass. Stunning new in-deck pool and roof-top hot tub. With over 4000 sq. ft. of living space that includes five bedrooms, two of which are sumptuous master suites, and four baths plus powder room. Game room and family room on ground level. The public areas are island-inspired, not just LBI, but the tropics as well. Soft light filters through plantation shutters for those times you seek shelter from the sun. Or open them wide to welcome the glory of the Loveladies oceanfront experience. The updated circular kitchen and dining areas give the feeling of being wrapped in the embrace of family and friends. Throughout the home, the excellence of design and use of materials appropriate to the site are apparent. Yet the one quality that shines the brightest is its livability. The room flow is seamless.,The hosts at all times can be with their guests or sharing a quiet moment in a private space. And the guests will be delighted with the amenities The Teacup House offers including an elevator. Altogether, a perfect marriage of form and function, with a dollop of whimsy leavening the luxury. Unique in all the world. New kitchen and new master bathrooms ready by Memorial Day 2018.

Last Agent to Sell the Property

Joy Luedtke

Joy Luedtke Real Estate, LLC Listed on: 04/13/2018

Last Buyer's Agent

Joy Luedtke

Joy Luedtke Real Estate, LLC Listed on: 04/13/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $33,984

Lot Details

  • Lot Dimensions are 125 x 318
  • 125 Feet of Waterfront
  • Ocean Front
  • Property is zoned R10, R10

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Contemporary Architecture
  • Reverse Style Home
  • Slab Foundation
  • Shingle Roof
  • Fiberglass Roof
  • Wood Siding
  • Piling Construction

Interior Spaces

  • 4,436 Sq Ft Home
  • Property has 2 Levels
  • Elevator
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Window Treatments
  • Sliding Doors
  • Ocean Views

Kitchen

  • Gas Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Deck
  • Outdoor Grill

Location

  • Flood Risk

Utilities

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

Community Details

  • No Home Owners Association
  • Loveladies Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 18-00020-69-00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$33,984

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary, Reverse
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 9999
  • Remarks Public: THE TEACUP HOUSE... A stunning Loveladies oceanfront landmark by Studio Tagland gracefully commands eternally shifting views of the Atlantic from its many decks and expanses of glass. Stunning new in-deck pool and roof-top hot tub. With over 4000 sq. ft. of living space that includes five bedrooms, two of which are sumptuous master suites, and four baths plus powder room. Game room and family room on ground level. The public areas are island-inspired, not just LBI, but the tropics as well. Soft light filters through plantation shutters for those times you seek shelter from the sun. Or open them wide to welcome the glory of the Loveladies oceanfront experience. The updated circular kitchen and dining areas give the feeling of being wrapped in the embrace of family and friends. Throughout the home, the excellence of design and use of materials appropriate to the site are apparent. Yet the one quality that shines the brightest is its livability. The room flow is seamless.,The hosts at all times can be with their guests or sharing a quiet moment in a private space. And the guests will be delighted with the amenities The Teacup House offers including an elevator. Altogether, a perfect marriage of form and function, with a dollop of whimsy leavening the luxury. Unique in all the world. New kitchen and new master bathrooms ready by Memorial Day 2018.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven/Range - Gas, Built-In Microwave, Refrigerator, Stove, Trash Compactor, Washer
  • Flooring Type: Tile/Brick, Fully Carpeted, Wood
  • Interior Amenities: Ceiling Fan(s), Elevator, Whirlpool/Hottub, Floor Plan - Open, Recessed Lighting, Window Treatments, Primary Bath(s), Stall Shower, Walk-In Closet(s)
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Sliding Glass
  • Foundation Details: Pilings, Slab
  • Levels Count: 2
  • Room Count: 14
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 4436
  • Living Area Sq Ft: 4436
  • Price Per Sq Ft: 1048.02
  • Above Grade Finished Sq Ft: 4436
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 65-E

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Construction Completed: No
  • Exterior Features: Hot Tub, Bbq Grill, Outside Shower
  • Pool Features: Heated
  • Roof: Fiberglass, Shingle
  • View: Water, Ocean
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes
  • Water Frontage In Feet: 125

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

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

Condo/Co-op/Association

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

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 462300.00
  • Land Assessed Value: 3012500.00
  • Lot Dimensions: 125 x 318
  • Outdoor Living Structures: Deck(s)
  • Zoning: R10
  • Zoning Description: R10

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3026835
  • Tax Annual Amount: 33984.00
  • Assessor Parcel Number: 18-00020-69-00005
  • Tax Lot: 5
  • Tax Year: 2017
  • Close Date: 09/14/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2018
Closed on
Sep 10, 2018
Sold by
Saffran Bruce N and Moore Dawn
Bought by
Faris David P and Faris Stefanie L
Seller's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
Buyer's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
List Price
$4,999,000
Sold Price
$4,200,000
Premium/Discount to List
-$799,000
-15.98%
Current Estimated Value
$6,028,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,828,746
Avg. Annual Appreciation
5.37%

Purchase Details

Listed on
Jan 11, 2015
Closed on
Mar 11, 2015
Sold by
Fisher Winston C
Bought by
Saffran Bruce N
Seller's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
Buyer's Agent
Christopher Baumann
BHHS Zack Shore REALTORS
List Price
$3,349,000
Sold Price
$3,160,000
Premium/Discount to List
-$189,000
-5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.44%
Original Mortgage
$2,528,000
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2010
Sold by
Edelman Martin L and Richard L Fisher Loveladies Re
Bought by
Edelman Martin L and Fisher Winston C

Purchase Details

Closed on
Mar 18, 2010
Sold by
Edelman Martin L and Fisher Winston C
Bought by
Fisher Winston C and Fisher Winston

Purchase Details

Closed on
Dec 16, 2004
Sold by
Fisher Richard Lloyd
Bought by
Fisher Winston C

Purchase Details

Closed on
Apr 24, 2003
Sold by
Liebman Samuel
Bought by
Fisher Richard

Purchase Details

Closed on
May 12, 1995
Sold by
Shapiro Edith
Bought by
Liebman Samuel and Liebman Susan
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
Faris David P $4,200,000 Multiple
Saffran Bruce N $3,160,000 University Title Ins Agency
Edelman Martin L -- Chicago Title Insurance Co
Fisher Winston C -- Chicago Title Ins Co
Fisher Winston C -- Commonwealth Title
Edelman Martin L -- Commonwealth Title
Fisher Richard $3,675,000 --
Liebman Samuel $725,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saffran Bruce N $2,528,000
Previous Owner Fisher Winston C $1,952,085
Previous Owner Fisher Winston C $1,964,507
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2018 09/14/18 Sold $4,200,000 -16.0% $947 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $4,999,000 +58.2% $1,127 / Sq Ft
03/13/2015 03/13/15 Sold $3,160,000 -5.6% $859 / Sq Ft
02/09/2015 02/09/15 Pending -- -- --
01/11/2015 01/11/15 For Sale $3,349,000 +289.4% $911 / Sq Ft
12/16/2013 12/16/13 Sold $860,000 -- $853 / 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 $38,536 $4,344,500 $3,300,000 $1,044,500
2023 $36,146 $4,344,500 $3,300,000 $1,044,500
2022 $36,146 $4,344,500 $3,300,000 $1,044,500
2021 $35,017 $4,344,500 $3,300,000 $1,044,500
2020 $34,704 $3,491,300 $3,012,500 $478,800
2019 $34,888 $3,478,400 $3,012,500 $465,900
2018 $33,810 $3,474,800 $3,012,500 $462,300
2017 $33,984 $3,474,800 $3,012,500 $462,300
2016 $34,262 $3,474,800 $3,012,500 $462,300
2015 $34,227 $3,474,800 $3,012,500 $462,300
2014 $33,197 $3,454,400 $3,012,500 $441,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC155290

Bright MLS

APN: 18-00020-69-00005