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151 Bayshore Drive

151 Bayshore Drive, Ocean City, NJ 08226
House in Ocean City
Sold Jun 30, 2021
$1,700,000
$700,000 by Valley National Bank
Mortgage
151 Bayshore Drive in Ocean City, NJ was first built in 1976 and is 48 years old. This has been categorized as a residential property type. There are a total of 2 floors. 151 Bayshore Drive has 1,932 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 310 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 3,223 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 151 Bayshore Drive sold most recently in Jun 11, 2021 for a total of $1,700,000. If you work out the math, that's approximately a cost of $879.92 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,482 in taxes each year. 151 Bayshore Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $792,000. If we break it down further, the land itself was valued at $620,000. Improvements to the property, however, were assessed at a total of $172,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Construction Type: Frame
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,223
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 310
  • Total Building Area: 1,932
  • Building Area: 1,932
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,932
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.074
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 8.01 OB1812 L12

Ownership

  • Current Owner : CARICICH GEORGE
  • Current Owner 2: CARICICH BRIGID
  • Previous Owner : WALLOFF GEORGE
  • Previous Owner 2: WALLOFF OLGA
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Ocean City School District
  • Census Tract: 020203

Geography

  • Assessors Map Reference: TAX MAP 21
  • District: 08
  • Parcel: 08 01812- 01-00008
  • Block: 1812.01
  • Lot: 8
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2735
  • Longitude: -74.5957

    Address

  • Full Address: 151 Bayshore Dr
  • Address - House Number: 151
  • Address - Street Name: Bayshore
  • Address - Suffix Type: Dr
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C023
  • 4-Digit Zip Code: 2933
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,482

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 1,866,729
  • High Value: 2,336,898
  • Low Value: 1,396,560

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $850,000
  • First Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • First Open Lien Mortgage Recording Date: Jun 30, 2021
  • First Open Lien Mortgage Loan Amount: $700,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: VALLEY NATIONAL BANK
  • Second Open Lien Mortgage Recording Date: Jun 30, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $1,177,345
  • Market Land Value: $921,659
  • Market Improvement Value: $255,686

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $792,000
  • Assessed Land Value: $620,000
  • Assessed Improvements Value: $172,000

    Sales

  • Current Sale Contract Date: Jun 11, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Transaction ID: 11843490971
  • Current Sale Price: $1,700,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021031923

    Last Sale Mortgage

  • First Mortgage Lender: VALLEY NATIONAL BANK
  • First Mortgage Transaction Date: Jun 30, 2021
  • First Mortgage Loan Amount: $700,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Ocean City



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Nearby Rentals

Unit for rent at 9 Bass Ct Ct, Ocean City, NJ, 08226

$10,000 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,727 ft²
9 Bass Ct Ct, Ocean City, NJ, 08226 Listing by William McFalls

Frequently Asked Questions

What neighborhood is 151 Bayshore Drive located in?
The 151 Bayshore Drive is a house located in the neighborhood of Ocean City in Ocean City, Ocean City.
What is the average sales price for listings in 151 Bayshore Drive?
The average sales price for units in 151 Bayshore Drive is $0 currently.

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