NOT LISTED FOR SALE

Estimated Value: $246,000 - $1,572,000

-- Bed
2 Baths
2,080 Sq Ft
$414/Sq Ft Est. Value

Last Sold July 14, 2016

Last sale price $515,000 $248 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,850/month

172 Days on Market

Highlights

  • Water Views
  • Wood Flooring
  • Whirlpool Bathtub
  • Deck
  • Main Floor Bedroom
  • No HOA

About This Home

As of July 2016

Wonderful opportunity to have a money-making investment property, year round residence, or both! This duplex features two bedrooms and one bath on each floor. Bay views from the top floor. Only a block to the ocean and bay. While the downstairs is mostly original, the upstairs is updated to include hardwood floors, bathroom with jetted tub, and a large kitchen and living area. Opportunities aplenty. Schedule your appointment today!

Last Agent to Sell the Property

Joseph Mayo

RE/MAX of Long Beach Island License #0676682 Listed on: 10/26/2015

Co-Listed By

Joseph Mayo

RE/MAX of Long Beach Island

Last Buyer's Agent

Raymond Procaccini Jr.

Oceanside Realty License #0454539

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,443

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 50x70
  • Level Lot
  • The property's topography is level

Home Design

  • Shingle Roof

Interior Spaces

  • 2,080 Sq Ft Home
  • Ceiling Fan
  • Window Treatments
  • Water Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Built-In Microwave

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • Main Floor Bedroom
  • Whirlpool Bathtub

Parking

  • Attached Garage
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units
  • Harvey Cedars Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 10-00045-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,443

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1959
  • Remarks Public: Wonderful opportunity to have a money-making investment property, year round residence, or both! This duplex features two bedrooms and one bath on each floor. Bay views from the top floor. Only a block to the ocean and bay. While the downstairs is mostly original, the upstairs is updated to include hardwood floors, bathroom with jetted tub, and a large kitchen and living area. Opportunities aplenty. Schedule your appointment today!
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Built-In Microwave, Refrigerator
  • Flooring Type: Fully Carpeted, Wood
  • Interior Amenities: Entry Level Bedroom, Window Treatments, Ceiling Fan(s), Whirlpool/Hottub
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2080
  • Living Area Sq Ft: 2080
  • Price Per Sq Ft: 263.94
  • Above Grade Finished Sq Ft: 2080
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Completed: No
  • Roof: Shingle
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Garage: Yes
  • Type Of Parking: Attached Garage, Off Street, On Street

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 195400.00
  • Land Assessed Value: 405500.00
  • Land Lease: No
  • Lot Features: Level
  • Lot Dimensions: 50x70
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Topography: Level
  • Zoning: RES
  • Zoning Description: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2940882
  • Tax Annual Amount: 5443.00
  • Assessor Parcel Number: 10-00045-0000-00008
  • Tax Lot: 8
  • Tax Year: 2015
  • Close Date: 07/14/2016

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jul 14, 2016
Sold by
Brian J Taylor Estate
Bought by
Mele Albert and Stenzel Mele Luciane
Seller's Agent
Joseph Mayo
RE/MAX of Long Beach Island
Buyer's Agent
Raymond Procaccini Jr.
Oceanside Realty
List Price
$595,000
Sold Price
$515,000
Premium/Discount to List
-$80,000
-13.45%
Current Estimated Value
$861,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,708
Avg. Annual Appreciation
5.78%
Original Mortgage
$386,250
Outstanding Balance
$308,778
Interest Rate
3.54%
Mortgage Type
New Conventional
Estimated Equity
$552,930
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mele Albert $515,000 Southern Shores Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mele Albert $386,250
Previous Owner Taylor Brian J $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2016 07/14/16 Sold $515,000 -13.4% $248 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $595,000 -- $286 / Sq Ft
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
2025 $2,295 $212,500 $61,900 $150,600
2024 $5,907 $93,500 $12,000 $81,500
2023 $5,811 $600,900 $405,500 $195,400
2022 $5,811 $600,900 $405,500 $195,400
2021 $5,648 $600,900 $405,500 $195,400
2020 $5,576 $600,900 $405,500 $195,400
2019 $5,504 $600,900 $405,500 $195,400
2018 $5,630 $600,900 $405,500 $195,400
2017 $5,733 $600,900 $405,500 $195,400
2016 $5,955 $600,900 $405,500 $195,400
2015 $5,443 $600,900 $405,500 $195,400
2014 $5,183 $600,700 $405,500 $195,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJOC191038

Bright MLS

APN: 10-00045-0000-00008