NOT LISTED FOR SALE

Estimated Value: $881,000 - $2,213,000

0.14 Acre
$12,594,679 Price per Acre
6,098 Sq Ft Lot

Last Sold September 30, 2019

Last sale price $405,000 $65 Per Sq Ft

Est. 335% increase in value since last sale

Current estimated payment $10,572/month

67 Days on Market

About This Lot

As of September 2019

Calling all investors, builders & dreamers! Lowest priced ocean block lots anywhere on LBI! This is your chance to acquire a prime lot to build the perfect home on a large 50'x125' parcel. This location provides easy access to Viking Village, the lighthouse, playgrounds, tennis courts, basketball court, dog park, new mini-golf course, marinas & more! Enjoy the multiple restaurants, ice cream parlors, shopping, site seeing, and serenity that only Barnegat Light can offer. This unique town has seen tremendous growth in recent years. Be a part of the historic Barnegat Light community & enjoy all of its many offerings. Property tax TBD. Adjacent lot 3.01 also available. Will build to suit. Financing available. Call today!

Last Agent to Sell the Property

Sean Adams

RE/MAX at Barnegat Bay License #9481468 Listed on: 07/10/2019

RE/MAX at Barnegat Bay

Last Buyer's Agent

Sean Adams

RE/MAX at Barnegat Bay License #9481468 Listed on: 07/10/2019

RE/MAX at Barnegat Bay

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,328

Lot Details

Outdoor Features

  • Electricity Available at Street
  • Oceanside

Additional Features

  • Lot Dimensions are 50 x 125
  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 02-00021-0000-00002

Property Details

Property Type

Land

Est. Annual Taxes

$5,328

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Lot Dimensions: 50 x 125
  • WaterSewer Public Sewer On-Site: Yes
  • WaterSewer Public Water: Yes
  • WaterSewer Public Sewer at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Special Features: None

Exterior Features

  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No

Lot Info

  • Lot Dimensions: 50 x 125
  • Parcel #: 02-00021-0000-00002
  • Zoning Description: Single Family, Residential

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5328.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2019
Closed on
Jul 8, 2020
Sold by
Garden State Property Holdings Llc
Bought by
Torchia Antonio and Torchia Maureen Mary
Seller's Agent
Sean Adams
RE/MAX at Barnegat Bay - Ship Bottom
Buyer's Agent
Sean Adams
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$1,195,000
Sold Price
$1,175,000
Premium/Discount to List
-$20,000
-1.67%
Current Estimated Value
$1,763,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$588,255
Avg. Annual Appreciation
8.25%
Original Mortgage
$940,000
Outstanding Balance
$835,386
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$927,869

Purchase Details

Listed on
Jul 10, 2019
Closed on
Sep 26, 2019
Sold by
Mooney Catherine
Bought by
Garden State Property Holdings Llc
Seller's Agent
Sean Adams
RE/MAX at Barnegat Bay
Buyer's Agent
Sean Adams
RE/MAX at Barnegat Bay
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
285.08%
Original Mortgage
$667,664
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 15, 2018
Closed on
May 30, 2018
Sold by
Eble Doria
Bought by
Mooney Catherine
Seller's Agent
Lisa Eble
Coldwell Banker Riviera Realty, Inc.
Buyer's Agent
Sean Adams
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$715,000
Sold Price
$665,000
Premium/Discount to List
-$50,000
-6.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-31.12%
Source: Public Records

Range of Values:

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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
Torchia Antonio $1,175,000 First Bergen Title Agcy Llc
Garden State Property Holdings Llc $810,000 Prestige Title Agency Inc
Mooney Catherine $665,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torchia Antonio $940,000
Previous Owner Garden State Property Holdings Llc $667,664
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $405,000 0.0% $65 / Sq Ft
09/30/2019 09/30/19 Sold $405,000 0.0% $65 / Sq Ft
09/30/2019 09/30/19 Sold $405,000 -5.6% $65 / Sq Ft
08/29/2019 08/29/19 For Sale $429,000 0.0% $69 / Sq Ft
08/29/2019 08/29/19 For Sale $429,000 0.0% $69 / Sq Ft
08/29/2019 08/29/19 Pending -- -- --
08/29/2019 08/29/19 Pending -- -- --
06/28/2019 06/28/19 For Sale $429,000 0.0% $69 / Sq Ft
04/01/2019 04/01/19 For Sale $429,000 -35.5% $69 / Sq Ft
05/31/2018 05/31/18 Sold $665,000 -7.0% $416 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
03/15/2018 03/15/18 For Sale $715,000 -- $447 / 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 $11,794 $1,170,000 $300,000 $870,000
2024 $10,425 $1,170,000 $300,000 $870,000
2023 $9,676 $1,170,000 $300,000 $870,000
2022 $9,676 $1,170,000 $300,000 $870,000
2021 $10,413 $1,170,000 $300,000 $870,000
2020 $2,709 $300,000 $300,000 $0
2019 $5,421 $623,100 $400,000 $223,100
2018 $5,078 $623,100 $400,000 $223,100
2017 $5,264 $623,100 $400,000 $223,100
2016 $5,121 $623,100 $400,000 $223,100
2015 $4,928 $623,100 $400,000 $223,100
2014 $5,386 $623,400 $400,000 $223,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21928474

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 02-00021-0000-00002