NOT LISTED FOR SALE

8 Marshall Ln Ocean City, NJ 08226

Estimated Value: $2,388,000 - $4,315,000

6 Beds
5.5 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold September 21, 2020

Last sale price $2,070,000

Est. 65% increase in value since last sale

Current estimated payment $19,291/month

16 Days on Market

Highlights

  • Deck
  • Forced Air Heating and Cooling System
  • Gas Log Fireplace
  • Ocean City Primary School Rated A

About This Home

As of September 2020

Stunning bay front home! 2 floors, 2 car garage, double tiered decks, boat lift, 6 bedrooms, 5.5 bath bay front beauty! Sit outside on the pergola with your sunshade misting system and enjoy the terrific sunsets! Take a virtual tour or schedule a showing after 7/23/20!

Last Agent to Sell the Property

Christopher Oliva

Compass New Jersey-Ocean City (O463E) Listed on: 07/13/2020

Compass New Jersey-Ocean City (O463E)

Last Buyer's Agent

Patrick Halliday

BHHS FOX and ROACH-West Ave OC

BHHS FOX and ROACH-West Ave OC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,802

Lot Details

  • 5,009

Interior Spaces

  • 2-Story Property
  • Gas Log Fireplace

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Parking Pad
  • Automatic Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 50x100

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,802

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Single Family
  • Style: 2 Story
  • Lvt Date: 07/22/2020
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Disposal, Dishwasher, Dryer, Microwave, Refrigerator, Trash Compactor, Washer
  • Fireplace: Gas Log
  • Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 1

Exterior Features

  • Outside Features: Deck

Garage/Parking

  • Garage: Auto Door Opener
  • Parking Exterior: Parking Pad

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50x100
  • Lot Size: Less Than One Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
Sep 11, 2020
Sold by
Rafetto Ray S and Rafetto Michele M
Bought by
Vandusen Christopher and Vandusen Mary E
Seller's Agent
Christopher Oliva
Compass New Jersey-Ocean City (O463E)
Buyer's Agent
Patrick Halliday
BHHS FOX and ROACH-West Ave OC
List Price
$1,849,000
Sold Price
$2,070,000
Premium/Discount to List
$221,000
11.95%
Current Estimated Value
$3,411,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,341,314
Avg. Annual Appreciation
10.33%
Original Mortgage
$1,308,750
Outstanding Balance
$1,161,429
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,249,885

Purchase Details

Closed on
Jul 29, 2004
Sold by
Morozin Joseph and Morozin Joyce
Bought by
Rafetto Ray S and Rafetto Michele M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 25, 1990
Sold by
Stoeco Development Ltd
Bought by
Morozin Joseph and Morozin Joyce
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
Vandusen Christopher $2,070,000 Freedom Title
Rafetto Ray S $1,600,000 The Title Company Of Jersey
Morozin Joseph $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vandusen Christopher $1,308,750
Previous Owner Rafetto Ray S $640,000
Closed Rafetto Ray S $643,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2020 09/21/20 Sold $2,070,000 +12.0% --
07/29/2020 07/29/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $1,849,000 -- --
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 $16,802 $1,497,500 $770,000 $727,500
2024 $16,802 $1,497,500 $770,000 $727,500
2023 $16,038 $1,497,500 $770,000 $727,500
2022 $15,409 $1,497,500 $770,000 $727,500
2021 $10,676 $1,497,500 $770,000 $727,500
2020 $12,665 $1,295,000 $770,000 $525,000
2019 $12,523 $1,295,000 $770,000 $525,000
2018 $12,406 $1,295,000 $770,000 $525,000
2017 $12,212 $1,295,000 $770,000 $525,000
2016 $11,746 $1,295,000 $770,000 $525,000
2015 $11,590 $1,295,000 $770,000 $525,000
2014 $11,422 $1,295,000 $770,000 $525,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 539570

South Jersey Shore Regional MLS

APN: 08-02214-0000-00007