NOT LISTED FOR SALE

1104 Ocean Ave Belmar, NJ 07719

Estimated Value: $2,884,000 - $3,601,000

5 Beds
5 Baths
4,436 Sq Ft
$735/Sq Ft Est. Value

Last Sold February 19, 2021

Last sale price $2,125,000 $479 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $17,427/month

About This Home

OCEANFRONT LIVING WELCOMES YOU! Enjoy unobstructed Ocean views for miles! The newly remodeled gourmet kitchen offers custom cabinets, Quartz countertops, double Viking Stoves, SubZero full refrigerator & freezer, & KitchenAid range. Large picture windows in both living & dining rooms afford dramatic views! Fabulous open floor plan includes, living room with gas fireplace & plantation shutters, dining room that includes wet bar with Quartz counter & wine refrigerator. For your convenience this home has a 3 story vacuum operated elevator. Newly renovated 2nd floor powder room! Amazing Master Suite with double sided gas fireplace, hardwood floors, private balcony, large walk-in closet & custom built wardrobe for extra storage. Laundry on both 1st and 3rd floors. Come live the dream!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2020
Closed on
Feb 5, 2021
Sold by
Vespia Philip and Vespia Patricia
Bought by
Lakhani Vipul
Seller's Agent
Taylor Norton
The Gallery Residential Brokerage
Buyer's Agent
Kathleen Froelich
Redfin Corporation
List Price
$2,599,000
Sold Price
$2,125,000
Premium/Discount to List
-$474,000
-18.24%
Current Estimated Value
$2,876,477

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$751,477
Avg. Annual Appreciation
9.29%
Original Mortgage
$1,700,000
Outstanding Balance
$1,520,463
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,740,487

Purchase Details

Listed on
Jun 28, 2013
Closed on
Sep 26, 2014
Sold by
Dugan Sean and Martha Dugan J
Bought by
Vespia Grandchildren Trust and Vespia Philip
Seller's Agent
Linda Romano
Coldwell Banker Realty
Buyer's Agent
Taylor Norton
The Gallery Residential Brokerage
Sold Price
$1,825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.41%

Purchase Details

Closed on
Jun 22, 2004
Sold by
Signal Hill Realty Corp
Bought by
Dugan Sean and Dugan Martha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
6.33%

Purchase Details

Closed on
Nov 22, 2002
Sold by
Beach Dev Two Llc
Bought by
Signal Hill Realty Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lakhani Vipul $2,125,000 Wfg National Title Ins Co
Vespia Grandchildren Trust $1,825,000 Wfg National Title Ins Co
Dugan Sean $2,075,000 --
Signal Hill Realty Corp $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lakhani Vipul $1,700,000
Previous Owner Dugan Sean $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/19/2021 02/19/21 Sold $2,125,000 -18.2% $479 / Sq Ft View Prior Sale
01/19/2021 01/19/21 Pending -- -- --
12/29/2020 12/29/20 For Sale $2,599,000 0.0% $586 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $2,599,000 +42.4% $586 / Sq Ft
10/02/2014 10/02/14 Sold $1,825,000 -- $415 / Sq Ft View Prior Sale

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 $27,549 $1,893,400 $1,050,000 $843,400
2024 $26,621 $1,893,400 $1,050,000 $843,400
2023 $26,621 $1,893,400 $1,050,000 $843,400
2022 $25,693 $1,893,400 $1,050,000 $843,400
2021 $25,693 $1,893,400 $1,050,000 $843,400
2020 $25,305 $1,881,400 $1,050,000 $831,400
2019 $25,305 $1,881,400 $1,050,000 $831,400
2018 $23,235 $1,881,400 $1,050,000 $831,400
2017 $22,671 $1,881,400 $1,050,000 $831,400
2016 $26,477 $1,385,500 $603,000 $782,500
2015 $27,163 $1,415,500 $633,000 $782,500
2014 $26,123 $1,350,000 $708,000 $642,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Taylor Norton

    The Gallery Residential Brokerage

  • K

    Buyer's Agent in 2021

    Kathleen Froelich

    Redfin Corporation

  • Linda Romano

    Seller's Agent in 2014

    Linda Romano

    Coldwell Banker Realty

    (732) 449-2777

    Linda Romano
    Section Image
  • Donna Fahy-Waters

    Seller Co-Listing Agent in 2014

    Donna Fahy-Waters

    Coldwell Banker Realty

    (908) 601-0645

    1 in this area

    18 Total Sales

    Donna Fahy-Waters
    Section Image
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Map

New Jersey Monmouth County Belmar 07719

1104 Ocean Ave, Belmar, NJ

Not Listed for Sale

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