NOT LISTED FOR SALE

714 Morven Terrace Sea Girt, NJ 08750

Estimated Value: $4,965,020

0 Acre
-- Price per Acre
0 Sq Ft Lot

Last Sold December 21, 2023

Last sale price $4,300,000

Est. 15% increase in value since last sale

Current estimated payment $28,732/month

69 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • 5-minute walk to Crescent Park
  • Sea Girt Elementary School Rated A+
  • Level Lot

About This Lot

As of December 2023

We present to you a truly exceptional opportunity to own the ONLY oceanfront vacant lot on the sand available in this highly sought after location in Sea Girt! Prepare to embark on a journey of unparalleled luxury & natural beauty as you envision the potential of this remarkable property. This oversized 50x205 lot offers a rare chance to create your own seaside oasis. The expansive dimensions provide ample space for your dream beachfront retreat. Immerse yourself in the tranquil atmosphere that accompanies this stunning location. Wake up to the gentle sound of waves, breathe in the fresh ocean air and soak in the breathtaking panoramic views that stretch across the waters of the Atlantic Ocean. CAFRA and subdivision approvals in place. The perfect canvas to create your dream home!

Last Agent to Sell the Property

Colleen Tobin

Diane Turton, Realtors-Spring Lake Brokerage Phone: 732-213-5166 License #9805207 Listed on: 06/03/2023

Diane Turton, Realtors-Spring Lake

Last Buyer's Agent

Stacey Farinacci

Keller Williams Realty Spring Lake License #1861578

Keller Williams Realty Spring Lake

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $22,651

Lot Details

  • Lot Dimensions are 50x205
  • Beach Front
  • Level Lot

Schools

  • Sea Girt Elementary And Middle School
  • Manasquan High School

Additional Features

  • Ocean Views
  • Electricity Available at Street
  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 43-00007-0000-00005

Property Details

Property Type

Land

Est. Annual Taxes

$22,651

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • Attribution Contact: 732-213-5166
  • ResoLotFeatures: Beachfront, Level, Oceanfront, Sidewalks
  • Reso View: Waterview
  • Subdivision Name: None
  • General Property Info Waterview: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 50x205
  • Location Middle School: Sea Girt
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Lot Description Beachfront2: Yes
  • Special Features: None

Exterior Features

  • Waterfront Features: Ocean Front, Oceanview
  • Waterfront: Yes

Schools

  • Middle Or Junior School: Sea Girt

Lot Info

  • Lot Dimensions: 50x205
  • Parcel #: 43-00007-0000-00005
  • Zoning Description: Single Family, Residential

MLS Schools

  • Elementary School: Sea Girt
  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2023
Closed on
Dec 15, 2023
Sold by
Robbie Norman
Bought by
Terrace-Llc 712 Morven
Seller's Agent
Colleen Tobin
Diane Turton, Realtors-Spring Lake
Buyer's Agent
Stacey Farinacci
Keller Williams Realty Spring Lake
List Price
$4,750,000
Sold Price
$4,300,000
Premium/Discount to List
-$450,000
-9.47%
Views
113
Current Estimated Value
$4,965,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$665,020
Avg. Annual Appreciation
6.92%

Purchase Details

Closed on
May 10, 2017
Sold by
Sbc Reo Llc
Bought by
Hobbie Norman

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
4.02%

Purchase Details

Closed on
Dec 14, 2016
Sold by
Zois Elia and Zois Mariana
Bought by
Summitbridge Credit Investments Iv Llc

Purchase Details

Closed on
Aug 26, 1997
Sold by
Maloney William
Bought by
Zois Elia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
7.36%
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
Terrace-Llc 712 Morven $4,500,000 None Listed On Document
Hobbie Norman -- --
Summitbridge Credit Investments Iv Llc $1,000 None Available
Zois Elia $1,400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hobble Norman $500,000
Previous Owner Hobbie Norman $3,000,000
Previous Owner Hobbie Norman $3,500,000
Previous Owner Hobbie Norman --
Previous Owner Zois Elixa J $2,100,000
Previous Owner Zois Elia $6,250,000
Previous Owner Zois Elia $3,000,000
Previous Owner Zois Elia $2,000,000
Previous Owner Zois Elia $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2023 12/21/23 Sold $4,300,000 -3.4% --
08/12/2023 08/12/23 Pending -- -- --
07/26/2023 07/26/23 Price Changed $4,450,000 -6.3% --
06/03/2023 06/03/23 For Sale $4,750,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $22,651 $4,698,400 $4,698,400 --
2024 -- $4,398,300 $4,398,300 $0
2023 $21,785 $4,348,300 $4,348,300 $0
2022 $30,567 $5,085,500 $3,542,400 $1,543,100
2021 $45,275 $4,806,100 $3,413,600 $1,392,500
2020 $43,628 $6,570,500 $5,209,100 $1,361,400
2019 $45,275 $6,580,600 $5,209,100 $1,371,500
2018 $45,681 $6,747,500 $5,470,000 $1,277,500
2017 $42,586 $6,253,400 $5,000,000 $1,253,400
2016 $39,783 $5,611,100 $4,350,000 $1,261,100
2015 $40,387 $5,578,300 $4,350,000 $1,228,300
2014 $33,533 $4,250,000 $4,250,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Colleen Tobin

    Seller's Agent in 2023

    Colleen Tobin

    Diane Turton, Realtors-Spring Lake

    (732) 213-5166

    3 in this area

    54 Total Sales

    Colleen Tobin
    Section Image
  • Stacey Farinacci

    Buyer's Agent in 2023

    Stacey Farinacci

    Keller Williams Realty Spring Lake

    (732) 996-9621

    1 in this area

    39 Total Sales

    Stacey Farinacci
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22315044

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 43-00007-0000-00005

New Jersey Monmouth County Sea Girt 08750

714 Morven Terrace, Sea Girt, NJ

This home is located at 714 Morven Terrace, Sea Girt, NJ 08750 since 03 June 2023 and is currently estimated at $4,965,020. 714 Morven Terrace is a home located in Monmouth County with nearby schools including Sea Girt Elementary School, The Brookside School, and St. Catharine School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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