NOT LISTED FOR SALE

103 E 16th St Long Beach Township, NJ 08008

Long Beach Island Neighborhood

Estimated Value: $1,510,332 - $2,228,000

-- Bed
2 Baths
1,444 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold June 01, 2012

Last sale price $525,000 $364 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $10,831/month

90 Days on Market

Highlights

  • Oceanside
  • Main Floor Bedroom
  • Outdoor Shower
  • Deck
  • No HOA
  • Tile or Brick Flooring

About This Home

As of June 2012

REDUCED!!Looking to be in walking distance to all the attractions and shopping in Beach Haven but dont want to be right smack in the middle the action? Then this is the house for you! Very well maintained throughout the years, this North Beach Haven duplex offers the proximity to town you desire without all the crowds. Each floor consists of 2 comfortably sized bedrooms, a full bath, a living room and an eat-in kitchen. The first floor unit has an extra den/sunroom off the rear while the second floor unit has an open deck. Maintenance free exterior with vinyl siding as well as newer windows and roof. Lot is level and clutter-free for easy shore living. This home is exactly what you will picture when you think of a classic beach home on LBI. Great rental history makes it a nice option for an income producing investment property. Priced to sell...be in before summer 2012 to enjoy your first season as an LBI homeowner!

Last Agent to Sell the Property

Kim Pileggi

The Van Dyk Group - Long Beach Island License #786696 Listed on: 02/01/2012

Last Buyer's Agent

Kevin Farnung

SERHANT. New Jersey LLC License #0342658

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,632

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 40 x 75
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 1,444 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Stove
  • Built-In Microwave

Flooring

  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Deck

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Community Details

  • No Home Owners Association
  • 2 Units
  • North Beach Haven Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 1800004002500002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,632

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1955
  • Remarks Public: REDUCED!!Looking to be in walking distance to all the attractions and shopping in Beach Haven but dont want to be right smack in the middle the action? Then this is the house for you! Very well maintained throughout the years, this North Beach Haven duplex offers the proximity to town you desire without all the crowds. Each floor consists of 2 comfortably sized bedrooms, a full bath, a living room and an eat-in kitchen. The first floor unit has an extra den/sunroom off the rear while the second floor unit has an open deck. Maintenance free exterior with vinyl siding as well as newer windows and roof. Lot is level and clutter-free for easy shore living. This home is exactly what you will picture when you think of a classic beach home on LBI. Great rental history makes it a nice option for an income producing investment property. Priced to sell...be in before summer 2012 to enjoy your first season as an LBI homeowner!
  • Special Features: None

Interior Features

  • Appliances: Stove, Oven/Range - Electric, Built-In Microwave, Refrigerator
  • Flooring Type: Fully Carpeted, Tile/Brick, Vinyl
  • Interior Amenities: Ceiling Fan(s), Entry Level Bedroom
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1444
  • Living Area Sq Ft: 1444
  • Price Per Sq Ft: 394.74
  • Above Grade Finished Sq Ft: 1444
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 103

Exterior Features

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

Garage/Parking

  • Type Of Parking: Off Street, On Street, Driveway

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
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REGIONAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Fencing: Partially
  • Lot Features: Level
  • Lot Dimensions: 40 x 75
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: R50
  • Zoning Description: R50

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 4631.63
  • Assessor Parcel Number: 1800004002500002
  • Tax Lot: 2
  • Tax Year: 2010
  • Close Date: 06/01/2012

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2012
Closed on
May 25, 2012
Sold by
Cunningham Robert W and Cunningham Margaret S
Bought by
Barton Richard J and Barton Carmen P
Seller's Agent
Kim Pileggi
The Van Dyk Group - Long Beach Island
Buyer's Agent
Kevin Farnung
SERHANT. New Jersey LLC
List Price
$595,000
Sold Price
$525,000
Premium/Discount to List
-$70,000
-11.76%
Current Estimated Value
$1,833,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,308,425
Avg. Annual Appreciation
9.04%
Original Mortgage
$395,000
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Barton Richard J $525,000 Surety Title Agency Coastal
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margeotes Steve $603,500
Closed Barton Carmen P $483,000
Closed Barton Richard J $480,000
Closed Barton Richard J $390,000
Closed Barton Richard J $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2012 06/01/12 Sold $525,000 -11.8% $364 / Sq Ft
05/01/2012 05/01/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $595,000 -- $412 / 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 $9,504 $1,071,500 $615,600 $455,900
2023 $8,915 $1,071,500 $615,600 $455,900
2022 $8,915 $1,071,500 $615,600 $455,900
2021 $8,170 $1,071,500 $615,600 $455,900
2020 $7,704 $775,100 $476,000 $299,100
2019 $5,577 $556,000 $476,000 $80,000
2018 $5,410 $556,000 $476,000 $80,000
2017 $5,438 $556,000 $476,000 $80,000
2016 $5,482 $556,000 $476,000 $80,000
2015 $5,477 $556,000 $476,000 $80,000
2014 $5,343 $556,000 $476,000 $80,000
Source: Public Records

Agents Affiliated with this Home

  • Kim Pileggi

    Seller's Agent in 2012

    Kim Pileggi

    The Van Dyk Group - Long Beach Island

    (732) 887-4853

    29 in this area

    39 Total Sales

    Section Image
  • Kevin Farnung

    Buyer's Agent in 2012

    Kevin Farnung

    SERHANT. New Jersey LLC

    (609) 713-1538

    4 in this area

    19 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJOC220180

Bright MLS

APN: 18-00004-25-00002

New Jersey Ocean County Long Beach Township 08008 Long Beach Island

103 E 16th St, Long Beach Township, NJ

This home is located at 103 E 16th St, Long Beach Township, NJ 08008 since 01 February 2012 and is currently estimated at $1,835,083, approximately $1,270 per square foot. This property was built in 1955. 103 E 16th St is a home located in Ocean County with nearby schools including Ethel A. Jacobsen Elementary School, Long Beach Island Grade School, and Southern Regional Middle School.

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