NOT LISTED FOR SALE

Estimated Value: $1,492,000 - $2,653,000

-- Bed
4 Baths
2,800 Sq Ft
$784/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $1,120,000 $400 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $13,172/month

46 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Wood Flooring
  • Building is oceanfront but unit may not have water views
  • Contemporary Architecture
  • No HOA

About This Home

As of September 2017

Fantastic investment property, second home at the beach or both. The house features 4 bedrooms, 2 1/2 baths, oak flooring, gorgeous granite kitchen with high end appliances, fireplace, private master suite, rooftop deck w/hot tub and views of ocean and bay PLUS a beautiful 1 bedroom, 1 full bath apartment with large living/dining/kitchen area, laundry and private entrance. The location is hard to beat: just 5 houses away from the beach and easy access on and off the Causeway Bridge. The rental income is impressive: $6,000/week for July and August weeks (projected total $50,000-$60,000/season) and the apartment rents for $1,300/month ($15,600/year). This property offers alot of options that can be matched to fit anyone's needs.

Last Listed By

David Cowles

BHHS Zack Shore REALTORS License #8133142 Listed on: 07/07/2017

BHHS Zack Shore REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,141

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 60x75
  • Building is oceanfront but unit may not have water views

Property Views

  • Ocean
  • Bay

Home Design

  • Duplex
  • Contemporary Architecture
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,800 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Insulated Windows
  • Double Hung Windows
  • Window Screens
  • Sliding Doors
  • Crawl Space
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Gas Oven or Range
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Ceramic Tile

Outdoor Features

  • Outdoor Shower
  • Patio
  • Porch

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units
  • Brant Beach Subdivision

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 18-00015-130-00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,141

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 2005
  • Remarks Public: Fantastic investment property, second home at the beach or both. The house features 4 bedrooms, 2 1/2 baths, oak flooring, gorgeous granite kitchen with high end appliances, fireplace, private master suite, rooftop deck w/hot tub and views of ocean and bay PLUS a beautiful 1 bedroom, 1 full bath apartment with large living/dining/kitchen area, laundry and private entrance. The location is hard to beat: just 5 houses away from the beach and easy access on and off the Causeway Bridge. The rental income is impressive: $6,000/week for July and August weeks (projected total $50,000-$60,000/season) and the apartment rents for $1,300/month ($15,600/year). This property offers alot of options that can be matched to fit anyone's needs.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Cooktop, Dishwasher, Oven/Range - Gas, Built-In Microwave, Refrigerator, Oven - Wall, Washer
  • Flooring Type: Ceramic Tile, Wood
  • Interior Amenities: Window Treatments, Breakfast Area, Ceiling Fan(s), Crown Moldings, Kitchen - Island, Floor Plan - Open, Recessed Lighting
  • Window Features: Double Hung, Screens, Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Foundation Details: Crawl Space, Pilings
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 419.64
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 10

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • View: Water, Bay, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

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: 374000.00
  • Land Assessed Value: 654500.00
  • Lot Dimensions: 60x75
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Zoning: RESIDENTIA
  • Zoning Description: Residentia

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3025825
  • Tax Annual Amount: 10141.00
  • Assessor Parcel Number: 18-00015-130-00013
  • Tax Lot: 13
  • Tax Year: 2016
  • Close Date: 09/15/2017

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2023
Sold by
Faughnan Francis J and Faughnan Bernadette O
Bought by
Francis J Faughnan Revocable Trust and Bernadette O Faughnan Revocable Trust
Total Days on Market
46
Current Estimated Value
$2,194,966

Purchase Details

Listed on
Jul 7, 2017
Closed on
Sep 12, 2017
Sold by
Rhatigan John L
Bought by
Faughnan Francis J and Faughnan Bernadette O
Seller's Agent
David Cowles
BHHS Zack Shore REALTORS
Buyer's Agent
Richard Jones
G. Anderson Agency
List Price
$1,175,000
Sold Price
$1,120,000
Premium/Discount to List
-$55,000
-4.68%

Purchase Details

Closed on
Jun 18, 2012
Sold by
Rhatigan John L
Bought by
Rhatigan John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 1, 2004
Sold by
Rhatigan John L and Rhatigan Leanor
Bought by
Ratigan John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.84%
Mortgage Type
Fannie Mae Freddie Mac

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
Francis J Faughnan Revocable Trust -- None Listed On Document
Faughnan Francis J $1,120,000 --
Rhatigan John L -- None Available
Ratigan John $500,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhatigan John L $417,000
Previous Owner Rhatigan John L $100,000
Previous Owner Rhatigan John L $417,000
Previous Owner Ratigan John $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $1,120,000 -4.7% $400 / Sq Ft
08/22/2017 08/22/17 Pending -- -- --
07/07/2017 07/07/17 For Sale $1,175,000 -- $420 / 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
2024 $10,631 $1,279,900 $750,000 $529,900
2023 $9,972 $1,198,500 $750,000 $448,500
2022 $9,972 $1,198,500 $750,000 $448,500
2021 $9,660 $1,198,500 $750,000 $448,500
2020 $10,232 $1,029,400 $654,500 $374,900
2019 $10,325 $1,029,400 $654,500 $374,900
2018 $10,016 $1,029,400 $654,500 $374,900
2017 $10,059 $1,028,500 $654,500 $374,000
2016 $10,141 $1,028,500 $654,500 $374,000
2015 $10,131 $1,028,500 $654,500 $374,000
2014 $9,884 $1,028,500 $654,500 $374,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC165704

Bright MLS

APN: 18-00015-130-00013