NOT LISTED FOR SALE

Estimated Value: $1,580,633 - $1,831,000

6 Beds
2 Baths
1,770 Sq Ft
$967/Sq Ft Est. Value

Last Sold October 28, 2016

Last sale price $725,000 $410 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $9,595/month

58 Days on Market

Highlights

  • Ocean View
  • Deck
  • Forced Air Zoned Heating and Cooling System
  • Oceanside
  • Wood Flooring

About This Home

As of October 2016

Opportunity knocks! Turn key ocean side duplex, just 8 homes from the beach, featuring 3 bedrooms, 1 bath per floor, updated first floor kitchen and new 2nd floor kitchen, updated baths, central air and 2 zone gas forced air heat, Interior staircase allows for the option of using or renting property as a single family home. The first floor also offers a beautiful heated sun room adding to the indoor living space, a fireplace and engineered wood floors. A large fiber glass deck on the second floor provides an ocean view and place to enjoy the sun and summer breezes. A sunny back yard makes a great place to entertain, garden and relax. Looking for an income producing vacation property in a great location. Now is the time and this is the place. Washer and Dryer are common to both units and located in attached shed on first floor.

Last Agent to Sell the Property

Laura Dunlap

Diane Turton, Realtors-Beach Haven Listed on: 08/17/2016

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,155

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 40 x 90

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,770 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Common or Shared Parking
  • Paved Parking

Outdoor Features

  • Oceanside
  • Deck

Schools

  • Southern Reg Middle School
  • Southern Reg High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 18-00006-17-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,155

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Wood, Ceramic Tile
  • New Construction: No
  • Year Built: 1955
  • Contract Info New Construction: No
  • 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: 40 x 90
  • Location Middle School: Southern Reg
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Exterior Ocean View: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanview
  • Waterfront: No
  • Exterior Features: Deck, Ocean View
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, Common
  • General Property Info:Garage: No
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Southern Reg

Lot Info

  • Lot Dimensions: 40 x 90
  • Parcel #: 18-00006-17-00017
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6155.0
  • Tax Other Annual Assessment Amount: 624900.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Southern Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Oct 26, 2016
Sold by
Kennelly Patrick J and Kelly Fiona E
Bought by
Pettus William R and Pettus Kathryn A
Seller's Agent
Laura Dunlap
Diane Turton, Realtors-Beach Haven
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$725,000
Current Estimated Value
$1,712,158

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$987,158
Avg. Annual Appreciation
10.01%
Original Mortgage
$533,800
Outstanding Balance
$427,397
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$1,284,761

Purchase Details

Listed on
May 6, 2014
Closed on
Nov 24, 2014
Sold by
Luff Patricia K
Bought by
Kennely Patrick J and Kelly Fiona E
Seller's Agent
Lawrence Peacock
G. Anderson Agency
Buyer's Agent
Laura Dunlap
BHHS Zack Shore REALTORS
List Price
$699,000
Sold Price
$670,000
Premium/Discount to List
-$29,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.17%
Original Mortgage
$480,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Pettus William R $725,000 --
Kennely Patrick J $670,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pettus William R $533,800
Previous Owner Kennely Patrick J $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/28/2016 10/28/16 Sold $725,000 +8.2% $410 / Sq Ft
11/24/2014 11/24/14 Sold $670,000 -4.1% $379 / Sq Ft View Prior Sale
08/29/2014 08/29/14 Pending -- -- --
05/06/2014 05/06/14 For Sale $699,000 -- $395 / 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 $7,592 $850,200 $684,000 $166,200
2024 $7,541 $850,200 $684,000 $166,200
2023 $7,074 $850,200 $684,000 $166,200
2022 $7,074 $850,200 $684,000 $166,200
2021 $6,853 $850,200 $684,000 $166,200
2020 $6,212 $624,900 $476,000 $148,900
2019 $6,268 $624,900 $476,000 $148,900
2018 $6,080 $624,900 $476,000 $148,900
2017 $6,112 $624,900 $476,000 $148,900
2016 $6,162 $624,900 $476,000 $148,900
2015 $6,155 $624,900 $476,000 $148,900
2014 $5,975 $621,700 $476,000 $145,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21632539

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 18-00006-17-00017