NOT LISTED FOR SALE

Estimated Value: $1,301,607 - $1,631,000

3 Beds
2 Baths
1,146 Sq Ft
$1,284/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $705,000 $615 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $8,420/month

118 Days on Market

Highlights

  • Bay View
  • Deck
  • Raised Ranch Architecture
  • Open Floorplan
  • Property fronts the bay but unit may not have water views
  • No HOA

About This Home

As of September 2017

ISLAND BEGINNINGS This bayside raised ranch with an open floor plan, 3 bedrooms, 2 full baths and bayviews in the heart of North Beach offers the opportunity to experience the LBI lifestyle with a vintage shore feel. If old school shore living is not what you are looking for then build the beach house you desire to enhance the bayviews and take advantage of ocean views in the distance. The private lane location provides a deeded path to bay access to easily launch kayaks and a short walk to the ocean beach at tract 1065. The enclosed lower level consists of a 2 car garage, washer and dryer hookup, adequate storage, HWBB furnace and tankless water heater. Awaiting a new family to create their shore memories.

Last Agent to Sell the Property

Dennis O'Brien

RE/MAX of Long Beach Island License #9913735 Listed on: 02/25/2017

Last Buyer's Agent

Charles Perkins

RE/MAX of Long Beach Island

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,952

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Property fronts the bay but unit may not have water views
  • Level Lot
  • The property's topography is level
  • Property is zoned R10E, R10E

Home Design

  • Raised Ranch Architecture
  • Rubber Roof
  • Shake Siding

Interior Spaces

  • 1,146 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Wood Burning Fireplace
  • Brick Fireplace
  • Double Hung Windows
  • Window Screens
  • Bay Views
  • Dryer

Kitchen

  • Built-In Oven
  • Electric Oven or Range
  • Cooktop

Flooring

  • Tile or Brick
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck
  • Screened Patio

Location

  • Flood Risk

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Hot Water Baseboard Heater
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • North Beach Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 18-00018-64-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,952

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Water craft, boat motors, boxed TV in garage, pallets of pavers and anything not agreed to in writing.
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Remarks Public: ISLAND BEGINNINGS This bayside raised ranch with an open floor plan, 3 bedrooms, 2 full baths and bayviews in the heart of North Beach offers the opportunity to experience the LBI lifestyle with a vintage shore feel. If old school shore living is not what you are looking for then build the beach house you desire to enhance the bayviews and take advantage of ocean views in the distance. The private lane location provides a deeded path to bay access to easily launch kayaks and a short walk to the ocean beach at tract 1065. The enclosed lower level consists of a 2 car garage, washer and dryer hookup, adequate storage, HWBB furnace and tankless water heater. Awaiting a new family to create their shore memories.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dryer, Oven/Range - Electric, Refrigerator, Oven - Wall, Water Heater - Tankless
  • Flooring Type: Tile/Brick, Vinyl
  • Interior Amenities: Window Treatments, Floor Plan - Open, Primary Bath(s), Tub Shower
  • Window Features: Double Hung, Screens, Storm
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Room Count: 6
  • Basement: Yes
  • Basement Type: Outside Entrance, Full
  • Living Area Units: Square Feet
  • Total Sq Ft: 1146
  • Living Area Sq Ft: 1146
  • Price Per Sq Ft: 653.58
  • Above Grade Finished Sq Ft: 1146
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1064C

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Garage: Yes
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Multi Units, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas, Tankless
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Improvement Assessed Value: 64300.00
  • Land Assessed Value: 945000.00
  • Land Lease: No
  • Lot Features: Level
  • Lot Size Acres: 0.23
  • Lot Dimensions: 100x100
  • Outdoor Living Structures: Deck(s), Screened
  • Topography: Level
  • Zoning: R10E
  • Zoning Description: R10E

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3026238
  • Tax Annual Amount: 9952.00
  • Assessor Parcel Number: 18-00018-64-00003
  • Tax Lot: 3
  • 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

Listed on
Feb 25, 2017
Closed on
Sep 14, 2017
Sold by
Costello Lawrence B and Costello Jane
Bought by
Kim Thomas H and Kim Mary Lyons
Seller's Agent
Dennis O'Brien
RE/MAX of Long Beach Island
Buyer's Agent
Charles Perkins
RE/MAX of Long Beach Island
List Price
$799,000
Sold Price
$705,000
Premium/Discount to List
-$94,000
-11.76%
Total Days on Market
118
Current Estimated Value
$1,471,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$766,402
Avg. Annual Appreciation
9.13%
Original Mortgage
$564,000
Outstanding Balance
$328,941
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$1,058,341

Purchase Details

Listed on
Feb 25, 2017
Closed on
Jul 28, 2017
Sold by
Costello Lawrence B and Costello Jane
Bought by
Costello Lawrence B and Costello Jane
Seller's Agent
Dennis O'Brien
RE/MAX of Long Beach Island
Buyer's Agent
Charles Perkins
RE/MAX of Long Beach Island
List Price
$799,000
Sold Price
$705,000
Premium/Discount to List
-$94,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$564,000
Outstanding Balance
$328,941
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$1,058,341

Purchase Details

Closed on
Jan 7, 2015
Sold by
Leader Elvera
Bought by
Costello Lawrence B and Costello Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
3.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2012
Sold by
Leader Elvera
Bought by
Leader Elvera and Leader Family Trust

Purchase Details

Closed on
Jun 30, 2010
Sold by
Leader Solomon and Leader Elvera
Bought by
Leader Solomon and Leader Elvera

Purchase Details

Closed on
Feb 17, 2000
Sold by
Ziman Development
Bought by
Mercadante Gerald and Mercadante Eugenia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
8.18%

Purchase Details

Closed on
Oct 19, 1998
Sold by
Leader Solomon and Leader Elvera
Bought by
Leader Solomon and Leader Elvera

Purchase Details

Closed on
May 23, 1997
Sold by
Eames Grace K
Bought by
Leader Solomon and Leader Elvera
Source: Public Records

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Range of Values:

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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
Kim Thomas H $705,000 --
Costello Lawrence B -- --
Costello Lawrence B $990,000 University Title Ins Agency
Leader Elvera -- None Available
Leader Solomon -- None Available
Mercadante Gerald $1,480,000 --
Leader Solomon -- --
Leader Solomon $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim Thomas H $564,000
Previous Owner Costello Lawrence B $792,000
Previous Owner Mercadante Gerald $980,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $705,000 -11.8% $615 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
02/25/2017 02/25/17 For Sale $799,000 -- $697 / 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 $7,333 $826,700 $675,000 $151,700
2023 $6,878 $826,700 $675,000 $151,700
2022 $6,878 $826,700 $675,000 $151,700
2021 $6,663 $826,700 $675,000 $151,700
2020 $6,909 $695,100 $630,000 $65,100
2019 $6,972 $695,100 $630,000 $65,100
2018 $6,763 $695,100 $630,000 $65,100
2017 $9,950 $1,009,300 $945,000 $64,300
2016 $9,952 $1,009,300 $945,000 $64,300
2015 $9,938 $1,008,900 $945,000 $63,900
2014 $9,696 $1,008,900 $945,000 $63,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC171804

Bright MLS

APN: 18-00018-64-00003