NOT LISTED FOR SALE

8 S Melbourne Ave Ventnor City, NJ 08406

Estimated Value: $2,341,000 - $2,966,000

6 Beds
6 Baths
3,400 Sq Ft
$755/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $2,100,000 $618 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $16,174/month

42 Days on Market

Highlights

  • Ocean View
  • Private Pool
  • Open Floorplan
  • New Construction
  • Gourmet Kitchen
  • Coastal Architecture

About This Home

As of December 2023

Luxury New Construction….. featuring Premier Location on highly desirable wide street just 1.5 blocks to the beach and Ventnor Boardwalk. Ocean Views from various decks. Upscale living with Thermador appliance package, luxury flooring/tile baths quartz countertops, 4 stop elevator, and the list goes on. This open concept floor plan we specifically designed with first floor bedrooms/reverse living to capture the outdoor space and oceans views from the main living area. Top floor is a full Primary Suite with deck space for views and privacy. Also featuring a pool with lanai for additional outdoor living space. Dip in the pool after the beach or simply a relaxed afternoon lounging! This home features many upgrades along with 6 well appointed bedrooms, 4 full baths and 2 half baths complementing the flow of the living space. Professional Designer finishes and selections throughout this spectacular home! Make time to see it now, and ready for this fall occupancy!

Last Agent to Sell the Property

Anthony Marotta

Keller Williams Realty - Wildwood Crest Listed on: 05/05/2023

Keller Williams Realty - Wildwood Crest

Last Buyer's Agent

Thomas Critchley

BHHS Fox & Roach-Margate License #SP1007161

BHHS Fox & Roach-Margate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,970

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 2,888 Sq Ft Lot
  • Lot Dimensions are 38.00 x 76.00
  • Property is in excellent condition
  • Property is zoned 04

Parking

  • 2 Car Direct Access Garage
  • 2 Driveway Spaces
  • Parking Storage or Cabinetry
  • Front Facing Garage

Home Design

  • Coastal Architecture
  • Brick Foundation
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Property has 3 Levels
  • Open Floorplan
  • Wet Bar
  • Ceiling Fan
  • Recessed Lighting
  • Ocean Views
  • Flood Lights

Kitchen

  • Gourmet Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Six Burner Stove
  • Range Hood
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Halls are 36 inches wide or more
  • Garage doors are at least 85 inches wide
  • Doors with lever handles
  • Doors are 32 inches wide or more

Pool

  • Private Pool
  • Outdoor Shower

Outdoor Features

  • Multiple Balconies
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Porch

Utilities

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

Additional Features

  • Energy-Efficient Appliances
  • Flood Risk

Community Details

  • No Home Owners Association
  • Built by Ocean Properties
  • Ventnor City Subdivision

Listing and Financial Details

  • Tax Lot 00017
  • Assessor Parcel Number 22-00082-00017

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,970

Year Built

Built in 2023 | New Construction

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Accessibility Features: >84" Garage Door, 32"+ Wide Doors, 36"+ Wide Halls, Doors - Lever Handle(s), Elevator
  • Ownership: Fee Simple
  • New Construction: Yes
  • Story List: Main, Upper 1
  • Federal Flood Zone: Yes
  • Year Built: 2023
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Energy Efficient Appliances, Oven - Self Cleaning, Oven/Range - Gas, Range Hood, Refrigerator, Six Burner Stove, Stainless Steel Appliances, Washer, Water Heater - High-Efficiency, Water Heater - Tankless
  • Interior Amenities: Ceiling Fan(s), Combination Dining/Living, Combination Kitchen/Dining, Combination Kitchen/Living, Floor Plan - Open, Kitchen - Gourmet, Kitchen - Island, Recessed Lighting, Stall Shower, Tub Shower, Walk-In Closet(s), Wet/Dry Bar
  • Elevators Count: 1
  • Foundation Details: Block, Brick/Mortar
  • Levels Count: 3
  • Basement: No
  • Total Sq Ft: 3400
  • Living Area Sq Ft: 3400
  • Price Per Sq Ft: 617.65
  • Above Grade Finished Sq Ft: 3400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 8

Beds/Baths

  • Bedrooms: 6
  • Main Level Bedrooms: 3
  • Total Bathrooms: 6
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 3
  • Upper Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1
  • Upper Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Construction Completed: No
  • Exterior Features: Gutter System, Exterior Lighting, Flood Lights, Outside Shower, Sidewalks
  • View: Ocean, Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Personal
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Under Home Parking
  • Garage Features: Additional Storage Area, Covered Parking, Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Electric Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: VENTNOR CITY SCHOOLS
  • School District Key: 300200396903
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.07
  • Lot Dimensions: 38.00 x 76.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2888.00
  • Outdoor Living Structures: Balconies- Multiple, Deck(s), Patio(s), Porch(es)
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: 04

Building Info

  • Builder Name: Ocean Properties

Rental Info

  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6970.00
  • Assessor Parcel Number: 22-00082-00017
  • Tax Lot: 00017
  • Tax Total Finished Sq Ft: 1980
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 12/08/2023

MLS Schools

  • School District Name: VENTNOR CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Dec 7, 2023
Sold by
Ocean Pnc Llc
Bought by
Fiorentino Grace
Seller's Agent
Anthony Marotta
Keller Williams Realty - Wildwood Crest
Buyer's Agent
Thomas Critchley
BHHS Fox & Roach-Margate
List Price
$2,100,000
Sold Price
$2,100,000
Views
185
Current Estimated Value
$2,567,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,140
Avg. Annual Appreciation
12.54%
Original Mortgage
$1,600,000
Outstanding Balance
$1,576,476
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$990,664

Purchase Details

Listed on
Feb 27, 2021
Closed on
May 10, 2021
Sold by
Arcelay Richard A and Arcelay Tiziana
Bought by
Ocean Pnc Llc
Seller's Agent
Ginger O'Neill
COLDWELL BANKER ARGUS REAL ESTATE-Ventnor
Buyer's Agent
DARLENE RUMBAS
KELLER WILLIAMS REALTY JERSEY SHORE-Margate
List Price
$599,900
Sold Price
$562,500
Premium/Discount to List
-$37,400
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.29%
Original Mortgage
$835,000
Interest Rate
2.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Fiorentino Grace $2,000,000 Trident Land Transfer
Ocean Pnc Llc $562,500 Lloyds & Handson Ttl Agcy Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fiorentino Grace $1,600,000
Previous Owner Ocean Pnc Llc $1,351,900
Previous Owner Ocean Pnc Llc $835,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $2,100,000 0.0% $618 / Sq Ft
06/16/2023 06/16/23 Pending -- -- --
05/05/2023 05/05/23 For Sale $2,100,000 +273.3% $618 / Sq Ft
05/19/2021 05/19/21 Sold $562,500 -6.2% --
03/12/2021 03/12/21 Pending -- -- --
02/27/2021 02/27/21 For Sale $599,900 -- --
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 $26,242 $960,200 $271,000 $984,600
2023 $6,970 $271,000 $271,000 $0
2022 $6,970 $271,000 $271,000 $0
2021 $10,921 $422,000 $271,000 $151,000
2020 $10,934 $422,000 $271,000 $151,000
2019 $10,909 $422,000 $271,000 $151,000
2018 $11,115 $422,000 $271,000 $151,000
2017 $11,175 $422,000 $271,000 $151,000
2016 $10,384 $475,000 $375,000 $100,000
2015 $10,289 $475,000 $375,000 $100,000
2014 $9,780 $475,000 $375,000 $100,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJAC2008262

Bright MLS

APN: 22-00082-0000-00017