NOT LISTED FOR SALE

Estimated Value: $2,296,000 - $2,595,000

3 Beds
1.5 Baths
2,400 Sq Ft
$1,015/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $125,000 $52 Per Sq Ft

Est. 1,755% increase in value since last sale

Current estimated payment $14,263/month

279 Days on Market

Highlights

  • Water Views
  • Open Floorplan
  • Bamboo Flooring
  • Building is oceanfront but unit may not have water views
  • Deck
  • Whirlpool Bathtub

About This Home

As of August 2018

Just turn the key...for ten weeks each year! LBI is great all year around, and if the idea of getting away from it all to the premier beach location in New Jersey sounds appealing, this could be for you. Amazing location just one off the beach with beautiful views. New decks, exterior, and interior, you will love time spent surrounded by ocean views, scents, and privacy. There may be no better way to get in on the Island lifestyle at a fraction of the price of single family home ownership. A low monthly fee takes care of it all, including utilities! No taxes to pay either. Each floor has three bedrooms and 1.5 baths, and you alternate floors each year. Rentals of your weeks are allowed. Get it all for pennies on the dollar compared to other forms of ownership. OWNER WILL CONSIDER HOLDING PAPER!

Last Agent to Sell the Property

Richard Jones

G. Anderson Agency License #0018764 Listed on: 10/27/2017

Last Buyer's Agent

Cathy Moeller

Sea Breeze Realty Group, LLC License #9697708

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 50x100
  • Building is oceanfront but unit may not have water views
  • Property is in very good condition

HOA Fees

  • $450 Monthly HOA Fees

Home Design

  • Semi-Detached or Twin Home
  • Fractional Ownership
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Furnished
  • Recessed Lighting
  • Insulated Windows
  • Window Treatments
  • Sliding Doors
  • Water Views
  • Attic

Kitchen

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

Flooring

  • Bamboo
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Deck
  • Enclosed patio or porch
  • Exterior Lighting
  • Outdoor Grill

Location

  • Flood Risk

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 10-00039-0000-00006

Community Details

Overview

  • $900 Capital Contribution Fee
  • Association fees include common area maintenance, electricity, exterior building maintenance, gas, heat, insurance, lawn maintenance, taxes, sewer, trash
  • 11 E. Mercer HOA
  • Harvey Cedars Subdivision

Security

  • Storm Doors

Townhouse Details

Home Type

Townhome

Year Built

Built in 1965

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fractional
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1965
  • Remarks Public: Just turn the key...for ten weeks each year! LBI is great all year around, and if the idea of getting away from it all to the premier beach location in New Jersey sounds appealing, this could be for you. Amazing location just one off the beach with beautiful views. New decks, exterior, and interior, you will love time spent surrounded by ocean views, scents, and privacy. There may be no better way to get in on the Island lifestyle at a fraction of the price of single family home ownership. A low monthly fee takes care of it all, including utilities! No taxes to pay either. Each floor has three bedrooms and 1.5 baths, and you alternate floors each year. Rentals of your weeks are allowed. Get it all for pennies on the dollar compared to other forms of ownership. OWNER WILL CONSIDER HOLDING PAPER!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven/Range - Gas, Built-In Microwave, Refrigerator, Oven - Self Cleaning, Washer
  • Flooring Type: Bamboo, Ceramic Tile, Fully Carpeted
  • Interior Amenities: Attic, Window Treatments, Breakfast Area, Whirlpool/Hottub, Kitchen - Island, Floor Plan - Open, Recessed Lighting, Primary Bath(s)
  • Window Features: Insulated
  • Fireplace: No
  • Door Features: Sliding Glass, Storm
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room Count: 5
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2400
  • Living Area Sq Ft: 2400
  • Price Per Sq Ft: 57.50
  • Above Grade Finished Sq Ft: 2400
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 450.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Electricity, Ext Bldg Maint, Gas, Heat, Insurance, Lawn Maintenance, Taxes, Sewer, Trash
  • HOA Name: 11 E. MERCER
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 900.00

Schools

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

Lot Info

  • Improvement Assessed Value: 183100.00
  • Land Assessed Value: 1050000.00
  • Lot Dimensions: 50x100
  • Outdoor Living Structures: Deck(s), Enclosed, Porch(es)
  • Property Condition: Very Good
  • Zoning: RES
  • Zoning Description: res

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2940659
  • Tax Annual Amount: 12220.00
  • Assessor Parcel Number: 10-00039-0000-00006
  • Tax Lot: 6
  • Tax Year: 2016
  • Close Date: 08/27/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2025
Sold by
Baird Catherine E
Bought by
Langlois Alexander and Langlois Rebecca
Total Days on Market
279
Current Estimated Value
$2,318,217

Purchase Details

Closed on
Oct 31, 2024
Sold by
Ferrero Maria T
Bought by
Rostami Rey and Rostami Jessica

Purchase Details

Closed on
Oct 15, 2021
Sold by
Piacentino Louis A and Degrasse Barbara
Bought by
Piacentino Louis A

Purchase Details

Closed on
Oct 31, 2018
Sold by
Tipelin Marsha
Bought by
Schickel Todd and Schickel Debra

Purchase Details

Listed on
Oct 27, 2017
Closed on
Aug 22, 2018
Sold by
Miller Clytie
Bought by
Head Terry R and Terry R Head Trust
Seller's Agent
Richard Jones
G. Anderson Agency
Buyer's Agent
Cathy Moeller
Sea Breeze Realty Group, LLC
List Price
$149,000
Sold Price
$125,000
Premium/Discount to List
-$24,000
-16.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.27%

Purchase Details

Closed on
Dec 19, 2017
Sold by
Macdonald Steven J and Macdonald Laura C R
Bought by
Reilly Eileen

Purchase Details

Closed on
May 5, 2016
Sold by
Steiger Robert
Bought by
Ferrero Maria T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.61%

Purchase Details

Closed on
Jan 22, 2015
Sold by
Padula Anthony and Caporicci Laura
Bought by
Padula Anthony

Purchase Details

Closed on
May 7, 2013
Sold by
Piacentino Louis A
Bought by
Piacentino Louis A and Degrasse Barbara

Purchase Details

Closed on
Aug 24, 2010
Sold by
Storch Michael J and Storch Susan B
Bought by
Miller Clytie

Purchase Details

Closed on
Mar 25, 2003
Sold by
Sullivan Maureen
Bought by
Bauman Robert and Bauman Robin

Purchase Details

Closed on
Mar 27, 2002
Sold by
Baird Ralph
Bought by
Bauman Robert and Bauman Robin

Purchase Details

Closed on
Oct 18, 2001
Sold by
Sternberg Robert
Bought by
Degrasse Barbara and Piacentino Louis

Purchase Details

Closed on
Jun 15, 2001
Sold by
Steinberg Robert
Bought by
White Kathleen

Purchase Details

Closed on
Nov 23, 1998
Sold by
Merion Richard and Merion Richard D
Bought by
Steiger Robert A and Steiger Dorothy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Nov 19, 1998
Sold by
Merion Richard and Merion Richard D
Bought by
Storch Michael J and Storch Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
6.8%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
May 14, 1998
Sold by
Merion Richard and Merion Richard D
Bought by
Steinberg Robert C and Steinberg Maria S

Purchase Details

Closed on
Dec 12, 1997
Sold by
Merion Richard and Merion Richard D
Bought by
Sullivan John M and Sullivan Maureen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
9%

Purchase Details

Closed on
Aug 14, 1997
Sold by
Merion Richard and Merion Richard D
Bought by
Coniglio Debra Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
9%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Langlois Alexander $160,000 Old Republic Title
Baird Catherine E -- Old Republic Title
Rostami Rey $195,000 First American Title
Rostami Rey $195,000 First American Title
Piacentino Louis A -- None Available
Schickel Todd $125,000 City Abstract Llc
Head Terry R $125,000 City Abstratc Llc
Reilly Eileen $140,000 --
Ferrero Maria T $90,000 --
Padula Anthony -- None Available
Piacentino Louis A -- None Available
Miller Clytie $184,000 None Available
Bauman Robert $90,000 --
Bauman Robert $91,500 --
Degrasse Barbara $82,500 --
White Kathleen $87,900 --
White Kathleen $87,900 --
Steiger Robert A $69,900 --
Storch Michael J $69,900 --
Steinberg Robert C $69,900 --
Steinberg Robert C $69,900 --
Sullivan John M $69,900 --
Baird Ralph M $69,900 --
Coniglio Debra Lynn $69,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrero Maria T --
Previous Owner Storch Michael J $55,000
Previous Owner Sullivan John M $30,000
Previous Owner Coniglio Debra Lynn $25,000
Closed Degrasse Barbara $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2018 08/27/18 Sold $125,000 -16.1% $52 / Sq Ft
08/02/2018 08/02/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $149,000 -- $62 / 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 $12,121 $1,233,100 $1,050,000 $183,100
2023 $11,924 $1,233,100 $1,050,000 $183,100
2022 $11,924 $1,233,100 $1,050,000 $183,100
2021 $11,591 $1,233,100 $1,050,000 $183,100
2020 $11,443 $1,233,100 $1,050,000 $183,100
2019 $11,295 $1,233,100 $1,050,000 $183,100
2018 $11,554 $1,233,100 $1,050,000 $183,100
2017 $11,764 $1,233,100 $1,050,000 $183,100
2016 $12,220 $1,233,100 $1,050,000 $183,100
2015 $12,195 $1,233,100 $1,050,000 $183,100
2014 $11,664 $1,233,000 $1,050,000 $183,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJOC161198

Bright MLS

APN: 10-00039-0000-00006