$1,121,000
SOLD APR 25, 2013
-- Bed
-- Bath
1,728 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$649 Per Sq Ft

10% Below List Price

175 Days on Market

Highlights

  • Ocean Front
  • Open Floorplan
  • Wood Flooring
  • Water Access
  • Deck
  • No HOA

About This Home

As of September 2021

Outstanding oceanfront duplex. Raised on pilings for fantastic ocean views from both floors. Covered parking under the building. Each unit has 3 bedrooms and 1~ baths. Kitchens and baths have all been updated and gas heat and central AC installed. There are great ocean views from living rooms, kitchens and some bedrooms. This duplex has a solid rental history at $3,700 per week per unit in season and an extended season from June through October. Seasonal income is approximately $85,000 per year. The property is completely TURNKEY. All of the important improvements have already been made and are reflected in the solid income. Sold fully furnished.

Last Agent to Sell the Property

James Dooney

RE/MAX of Long Beach Island* Listed on: 09/07/2012

Last Buyer's Agent

Patricia Gac

Long Beach Island Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,447

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 62x50
  • Ocean Front
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 1,728 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Insulated Windows
  • Ocean Views

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Access
  • Deck
  • Outdoor Grill

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 1800014001400004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,447

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1968
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Washer, Refrigerator, Dryer
  • Flooring Type: Ceramic Tile, Wood, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s), Breakfast Area, Floor Plan - Open
  • Window Features: Insulated
  • Fireplace: No
  • Foundation Details: Pilings
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 688.08
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Type Of Parking: Driveway, Off Street

Utilities

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

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 204300.00
  • Land Assessed Value: 1004900.00
  • Lot Features: Level
  • Lot Dimensions: 62X50
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: R50
  • Zoning Description: r50

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 10447.00
  • Assessor Parcel Number: 1800014001400004
  • Tax Lot: 4
  • Tax Year: 2011
  • Close Date: 04/25/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2021
Closed on
Aug 30, 2021
Sold by
Hobart Rentals Llc
Bought by
Delaney Brendan P
Seller's Agent
Joseph Mancini
Mancini Realty Co. Inc.
Buyer's Agent
Joseph Mancini
Mancini Realty Co. Inc.
List Price
$3,599,900
Sold Price
$3,500,000
Premium/Discount to List
-$99,900
-2.78%
Total Days on Market
175
Current Estimated Value
$3,690,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,846
Avg. Annual Appreciation
2.54%

Purchase Details

Closed on
Jun 12, 2017
Sold by
Hobart Rentals Llc
Bought by
Hobart Rentals Llc

Purchase Details

Listed on
Jun 7, 2016
Closed on
Jan 20, 2017
Sold by
Platt Timothy J and Platt Cathleen M
Bought by
Hobart Rentals Llc
Seller's Agent
Patricia Gac
Long Beach Island Real Estate
Buyer's Agent
Deirdre DeVine
Mancini Realty Co. Inc.
List Price
$1,450,000
Sold Price
$1,302,500
Premium/Discount to List
-$147,500
-10.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%
Original Mortgage
$1,200,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 7, 2012
Closed on
Apr 9, 2013
Sold by
8 Rogers Ii Llc
Bought by
Platt Timothy J and Platt Cathleen M
Seller's Agent
James Dooney
RE/MAX of Long Beach Island*
Buyer's Agent
Patricia Gac
Long Beach Island Real Estate
List Price
$1,249,000
Sold Price
$1,121,000
Premium/Discount to List
-$128,000
-10.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.08%
Original Mortgage
$840,750
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 1996
Sold by
Hoffman Catherine
Bought by
Previdi Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
7.77%
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 Type Sale Price Title Company
Deed $3,500,000 First American Title Ins Co
Interfamily Deed Transfer -- --
Deed $1,302,500 Chicago Title
Deed $1,121,000 Stewart Title Guaranty Co
Deed $336,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,087,500 Adjustable Rate Mortgage/ARM
Previous Owner $1,200,000 Purchase Money Mortgage
Previous Owner $840,750 New Conventional
Previous Owner $828,750 Unknown
Previous Owner $357,000 Unknown
Previous Owner $268,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2021 09/01/21 Sold $3,500,000 -2.8% $1,315 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
07/31/2021 07/31/21 For Sale $3,599,900 +176.4% $1,352 / Sq Ft
01/23/2017 01/23/17 Sold $1,302,500 -10.2% $754 / Sq Ft
12/07/2016 12/07/16 Pending -- -- --
06/07/2016 06/07/16 For Sale $1,450,000 +29.3% $839 / Sq Ft
04/25/2013 04/25/13 Sold $1,121,000 -10.2% $649 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
09/07/2012 09/07/12 For Sale $1,249,000 -- $723 / 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 $20,330 $2,292,000 $1,405,100 $886,900
2023 $19,069 $2,292,000 $1,405,100 $886,900
2022 $19,069 $2,292,000 $1,405,100 $886,900
2021 $11,325 $1,405,100 $1,405,100 $0
2020 $11,654 $1,172,400 $1,004,900 $167,500
2019 $11,759 $1,172,400 $1,004,900 $167,500
2018 $11,407 $1,172,400 $1,004,900 $167,500
2017 $11,466 $1,172,400 $1,004,900 $167,500
2016 $11,560 $1,172,400 $1,004,900 $167,500
2015 $11,548 $1,172,400 $1,004,900 $167,500
2014 $11,267 $1,172,400 $1,004,900 $167,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC219988

Bright MLS

APN: 18-00014-14-00004