NOT LISTED FOR SALE

Estimated Value: $1,273,075 - $1,663,000

Studio
2 Baths
1,232 Sq Ft
$1,225/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $645,000 $524 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $8,381/month

228 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • Attic
  • Wall to Wall Carpet
  • Main Floor Bedroom
  • No HOA

About This Home

As of June 2016

Ocean Block duplex with 2 bedrooms, 1 bath on each floor. Great location and only steps to the beach. 2nd floor has been rented weekly in the summer but first floor has been owner used. Gas F/A heat on both floors as well as central air. New siding about 2-3 years ago. Rear decks on both floors. Had no damage from "Sandy" storm. First floor elevation for flood is 10.55' according to survey in file.

Last Agent to Sell the Property

Sharon Counsellor

(609) 290-6916 sharonlbirealestate@gmail.com Long Beach Island Real Estate Listed on: 08/07/2015

Last Buyer's Agent

Richard Salzer

rssalzer@yahoo.com.prod RE/MAX New Beginnings Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,751

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 40x75
  • Building is oceanfront but unit may not have water views

Home Design

  • Shingle Roof

Interior Spaces

  • Main Floor Bedroom
  • 1,232 Sq Ft Home
  • Crawl Space
  • Attic

Kitchen

  • Stove
  • Built-In Microwave

Flooring

  • Wall to Wall Carpet
  • Vinyl

Location

  • Flood Risk

Community Details

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

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 1518

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,751

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Built-In Microwave, Refrigerator, Stove
  • Flooring Type: Vinyl, Fully Carpeted
  • Interior Amenities: Attic, Entry Level Bedroom
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1232
  • Living Area Sq Ft: 1232
  • Price Per Sq Ft: 543.75
  • Above Grade Finished Sq Ft: 1232
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 62400.00
  • Land Assessed Value: 560000.00
  • Lot Dimensions: 40x75
  • Zoning: R50
  • Zoning Description: r50

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3024003
  • Tax Annual Amount: 5751.00
  • Assessor Parcel Number: 1518
  • Tax Lot: 2
  • Tax Year: 2014

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2015
Closed on
Jun 1, 2016
Sold by
Jones Howard and Jones Helen
Bought by
Lake Richard and Lucas Kathryn
Seller's Agent
Sharon Counsellor
Long Beach Island Real Estate
Buyer's Agent
Richard Salzer
RE/MAX New Beginnings Realty
List Price
$699,900
Sold Price
$645,000
Premium/Discount to List
-$54,900
-7.84%
Current Estimated Value
$1,509,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$864,019
Avg. Annual Appreciation
9.25%
Original Mortgage
$483,750
Outstanding Balance
$385,887
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,123,132

Purchase Details

Closed on
Apr 26, 1996
Sold by
Ignatuk Daniel
Bought by
Jones Howard and Jones Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
7.82%
Source: Public Records
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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
Lake Richard -- --
Jones Howard $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Richard $483,750
Previous Owner Jones Howard $145,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold $645,000 -7.8% $524 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
08/07/2015 08/07/15 For Sale $699,900 -- $568 / 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 $6,827 $764,500 $684,000 $80,500
2024 $6,781 $764,500 $684,000 $80,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC194304

Bright MLS

APN: 18-00013-06-00002