Check Availability
$3,999,900
House - For Sale

8 Tobago Ln

Ocean City, NJ 08226
bedrooms
5 Beds
bathrooms
6 Baths
square feet
3672 Sqft
$21,327
Estimated Monthly
8.49%
Cap Rate

About This Property

This magnificent custom lagoon front home, meticulously built in 2019, is a true gem in the coveted Riviera neighborhood. The first living level offers an open-concept living area with wide-plank wood-look floors, featuring a cozy living room with a gas fireplace and a multi-level island kitchen adorned with top-of-the-line slate appliances, a wine cooler, gas range, wall oven, broiler, built-in gas range, range hood, and an insta-hot water faucet. It also includes a dining area, a convenient powder room, a practical mud/laundry room with a built-in bench, a spacious guest bedroom with an ensuite bath, and an attached 2-car garage with vaulted ceilings. The second living level houses four generous bedrooms, with the primary bedroom boasting a built-in office and a luxurious ensuite bath, as well as access to a covered bay front deck. A junior master bedroom features an ensuite bath with a custom tile and glass surround walk-in shower, while a hall bathroom also offers tile and glass surround shower. The third level is a vast den/bonus space with a lounge area, half bathroom, and decks on both the lagoon and street sides. Step outside to enjoy a lagoon-side enclosed porch overlooking the in-ground swimming pool, boat slip, floating dock, and two jet ski slips. This home epitomizes waterfront luxury and is an exceptional find in a highly sought-after neighborhood. Don't miss the opportunity to experience the coastal lifestyle at its finest. Contact us for a private tour today.

The manager has listed the unit size as 3672 square feet.
Unit Size
3,672Ft²
Days on Market
57 days
Land Size
-
Price per sqft
$1,089
Property Type
House
Property Taxes
$1,686
HOA Dues
-
Year Built
2018

Listed By

JOSEPH SHEPPARD
BHHS FOX and ROACH-Simpson OC
Last updated: 2 months ago (SJSRMLSNJ #583851)

Price History

Date / Event Date Event Price
Apr 8, 2024 No longer available -
No longer available
Apr 5, 2024 Listed by PRUDENTIAL FOX and ROACH-O144I $3,999,900
Listed by PRUDENTIAL FOX and ROACH-O144I
Feb 21, 2024 Price Decreased $4,075,000
↓ $270K (6.2%)
Price Decreased
Dec 10, 2023 Price Decreased $4,345,000
↓ $75K (1.7%)
Price Decreased
Nov 9, 2023 Price Decreased $4,420,000
↓ $75K (1.7%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning
Interior Details

Interior Information

Deck

Fireplace Information

Fireplace

Basement Information

Basement
Exterior Details

Pool Information

Pool

Exterior Information

Vinyl Siding

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 3,672
  • Building Area: 3,672
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: PLAN 6 STOECO RIVIERA
  • Land Acres: 0.115

Ownership

  • Current Owner : CHANDLER TRENT
  • Current Owner 2: COPELAND DONALD C
  • Previous Owner : BURNLEY MICHAEL
  • Previous Owner 2: RONDINELLI MICHELLE
  • Owner Before Previous Owner: BURNLEY JAMES K
  • Owner Before Previous Owner 2: LADLEY JOANNE B
  • Ownership Rights Codes: unknown

Neighborhood

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

Geography

  • District: 08
  • Parcel: 08 02111-0000-00004
  • Block: 2111
  • Lot: 4
  • Municipality: OCEAN CITY CITY
  • Latitude: 39.2695
  • Longitude: -74.5977

    Address

  • Full Address: 8 Tobago Ln
  • Address - House Number: 8
  • Address - Street Name: Tobago
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Ocean City
  • Carrier Code: C022
  • 4-Digit Zip Code: 2633
  • Zip Code: 08226

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,231

    Appraisal Valuation

  • Standard Deviation: 0.1089
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 89
  • Final Value: 4,231,097
  • High Value: 4,692,013
  • Low Value: 3,770,182

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,995,000
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $1,995,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $2,808,087
  • Market Land Value: $1,070,314
  • Market Improvement Value: $1,737,773

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,889,000
  • Assessed Land Value: $720,000
  • Assessed Improvements Value: $1,169,000

    Sales

  • Current Sale Contract Date: Jun 27, 2014
  • Current Sale Recording Date: Jul 22, 2014
  • Current Sale Transaction ID: 1191774611
  • Current Sale Price: $1,060,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 0094
  • Previous Sale Recording Date: Mar 09, 2012
  • Previous Sale Contract Date: Mar 01, 2012
  • Previous Sale Amount: $670,832
  • Previous Sale Document Type: unknown

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Jul 22, 2014
  • First Mortgage Loan Amount: $848,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: unknown
  • First Mortgage Loan Due Date: Jul 01, 2044

    Previous Mortgages

  • Previous Mortgage Lender: JOANNE B LADLEY
  • Previous Mortgage Transaction Date: Mar 09, 2012
  • Previous Mortgage Loan Amount: $250,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Mar 01, 2022

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5 Baths
1,464 ft²
$2,698/ft²
$3,950,000 Oct 6, 2023
$3,950,000 Jan 31, 2024
-
House
5 Beds
6 Baths
3,672 ft²
$1,110/ft²
$4,075,000 Oct 16, 2023
-
$1,686/mo
House
5 Beds
4 Baths
2,691 ft²
$1,297/ft²
$3,490,000 Feb 22, 2024
-
$1,151/mo
House
5 Beds
4 Baths
-
$4,100,000 Jan 30, 2024
-
$1,640/mo

About Ocean City


Similar Homes for Sale

Unit for sale at 2021 Glenwood Drive, Ocean City, NJ 08226

$4,100,000

  • 5 Beds
  • 4 Baths
2021 Glenwood Drive, Ocean City, NJ 08226 Listing by Cheryl Huber
Unit for sale at 349 West 17th Street, Ocean City, NJ 08226

$3,490,000

  • 5 Beds
  • 4 Baths
  • 2,691 ft²
349 West 17th Street, Ocean City, NJ 08226 Listing by RONALD GIFFORD, JR.
Unit for sale at 8 Tobago Lane, Ocean City, NJ 08226

$4,075,000

  • 5 Beds
  • 6 Baths
  • 3,672 ft²
8 Tobago Lane, Ocean City, NJ 08226 Listing by JOSEPH SHEPPARD

Nearby Rentals

Unit for rent at 616 Pleasure Ave, Ocean City, NJ, 08226

$3,995 /mo

  • 2 Beds
  • 2 Baths
616 Pleasure Ave #616, Ocean City, NJ, 08226 Listing by Jason Frost
Unit for rent at 935 Ocean Ave, Ocean City, NJ, 08226

$2,000 /mo

  • 3 Beds
  • 2.5 Baths
935 Ocean Ave, Ocean City, NJ, 08226 Listing by Cynda Hollenbaugh
Unit for rent at 810 Asbury Ave, Ocean City, NJ, 08226

$2,000 /mo

  • 2 Beds
  • 2 Baths
810 Asbury Ave, Ocean City, NJ, 08226 Listing by Patricia Gallo


Frequently Asked Questions

When was property at 8 Tobago Lane built and last sold?
The property at 8 Tobago Lane was built in 2018 and last sold on Jun 27, 2014 for $1,060,000.
How much is this home worth?
The estimated value of the home located at 8 Tobago Lane is $4,039,899.
What are some comparable homes to 8 Tobago Lane?
Homes that are comparable to 8 Tobago Lane include a house property at 8 Tobago Lane, 349 West 17th Street, 2021 Glenwood Drive.

Quantcast