NOT LISTED FOR SALE

103 Newark Ave Unit 5 Bradley Beach, NJ 07720

Estimated Value: $1,331,000 - $1,420,000

3 Beds
3 Baths
1,584 Sq Ft
$870/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $900,000 $568 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $8,270/month

6 Days on Market

Highlights

  • Ocean View
  • No Heating
  • 2-minute walk to Bradle Beach Playground
  • Oceanside

About This Home

As of October 2020

Calling All Investors! Rare Opportunity to own Three Houses for the price of One! Locate One Lot In from a Block from the Beach. Situated on a 50 by 100 Acre Lot, rests 3 homes. #103 3 Bedroom 2 Bath, #105 4 Bedroom 2 Bath and a Rear Cottage Studio. Please note These Units do not have heat.

Last Agent to Sell the Property

Patrick Parker

Patrick Parker Realty License #0336463 Listed on: 07/31/2020

Last Buyer's Agent

Karen Cotenoff

Weichert Realtors-Sea Girt License #1222512

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,746

Year Built

  • Built in 1914

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Shingle Roof

Parking

  • No Garage
  • On-Street Parking

Schools

  • Bradley Beach Elementary And Middle School

Utilities

  • No Heating
  • Natural Gas Water Heater

Additional Features

  • Ocean Views
  • Oceanside

Listing and Financial Details

  • Assessor Parcel Number 08-00014-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,746

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • Year Built: 1914
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: Bradley Beach
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage None4: Yes
  • Exterior Ocean View: Yes
  • Cooling No Heat2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Exterior Features: Ocean View

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: None
  • HeatingYN: No
  • Water Source: Public
  • Heating:None3: Yes

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 08-00014-0000-00018
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9746.0
  • Tax Other Annual Assessment Amount: 769800.0

Multi Family

  • Number Of Units Total: 1

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Oct 8, 2020
Sold by
Scott Mark R and Pierson Scott Kimberley
Bought by
Karabas Jonathan and Chang Sandra M
Seller's Agent
Patrick Parker
Patrick Parker Realty
Buyer's Agent
Karen Cotenoff
Weichert Realtors-Sea Girt
List Price
$799,000
Sold Price
$900,000
Premium/Discount to List
$101,000
12.64%
Current Estimated Value
$1,377,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,626
Avg. Annual Appreciation
8.58%

Purchase Details

Listed on
Jul 31, 2020
Closed on
Sep 29, 2020
Sold by
Scott Mark R and Pierson-Scott Kimberley
Bought by
Karabas Jonathan and Chang Sandra M
Seller's Agent
Patrick Parker
Patrick Parker Realty
Buyer's Agent
Karen Cotenoff
Weichert Realtors-Sea Girt
List Price
$799,000
Sold Price
$900,000
Premium/Discount to List
$101,000
12.64%

Purchase Details

Closed on
Jun 27, 1999
Sold by
Liu Allan
Bought by
Pierson Scott Mark Pierson and Pierson Scott Kimberly
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Karabas Jonathan $900,000 Counsellors Title Agency Inc
Karabas Jonathan $900,000 Counsellors Title
Pierson Scott Mark Pierson $155,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $900,000 +12.6% $568 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $799,000 -- $504 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $12,285 $1,410,800 $855,400 $555,400
2024 $11,736 $1,339,700 $815,000 $524,700
2023 $11,736 $1,243,200 $756,200 $487,000
2022 $8,147 $1,047,200 $639,800 $407,400
2021 $9,746 $695,100 $511,000 $184,100
2020 $7,761 $635,100 $459,200 $175,900
2019 $9,746 $769,800 $473,500 $296,300
2018 $9,932 $717,600 $435,000 $282,600
2017 $9,676 $684,300 $410,000 $274,300
2016 $9,329 $667,300 $400,000 $267,300
2015 $9,148 $655,300 $400,000 $255,300
2014 $8,289 $598,900 $380,000 $218,900
Source: Public Records

Agents Affiliated with this Home

  • Patrick Parker

    Seller's Agent in 2020

    Patrick Parker

    Patrick Parker Realty

    (201) 788-6182

    19 in this area

    67 Total Sales

    Patrick Parker
    Section Image

  • K

    Buyer's Agent in 2020

    Karen Cotenoff

    Weichert Realtors-Sea Girt

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22026374

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00014-0000-00018

New Jersey Monmouth County Bradley Beach 07720

103 Newark Ave Unit 5, Bradley Beach, NJ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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