NOT LISTED FOR SALE

Estimated Value: $492,000 - $593,000

2 Beds
2 Baths
480 Sq Ft
$1,161/Sq Ft Est. Value

Last Sold September 09, 2021

Last sale price $425,000 $885 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,533/month

6 Days on Market

Highlights

  • 1 Car Detached Garage
  • Forced Air Heating System
  • 1-Story Property
  • Air Conditioning
  • Level Lot

About This Home

As of September 2021

Fantastic opportunity! This unique property offers TWO one bedroom/ one bath homes, plus a 1 car garage for all of your toys! A surfers dream - live in one and rent the other! Freshly painted, new laminate flooring, new roof AND a full attic for storage! Plus, low taxes and NOT in a flood zone.Only 1/2 a mile to Maclearie Park for SUP boarding, fishing, diving, picnicking, and a playground ~ less than a mile to the Marina for sunset dinners ~ just over a mile to Belmar beach for surfing, fishing, sunbathing!!!

Last Agent to Sell the Property

Katherine Reynolds

Salt and Cedar Properties, LLC License #0679991 Listed on: 07/18/2021

Last Buyer's Agent

Kevin Daily

Coldwell Banker Realty License #2075082

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,819

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Interior Spaces

  • 1-Story Property
  • Laminate Flooring
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • West Belmar Elementary School
  • Wall Intermediate
  • Wall High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 52-00055-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,819

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Reso Flooring: Laminate
  • Year Built: 1930
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: Wall Intermediate
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.11
  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Wall Intermediate

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 52-00055-0000-00008
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 4819.0
  • Tax Other Annual Assessment Amount: 241200.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: West Belmar
  • High School: Wall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2021
Closed on
Aug 31, 2021
Sold by
Braunwell Lisa
Bought by
Daily Kevin J and Daily Jenifer J
Seller's Agent
Katherine Reynolds
Salt and Cedar Properties, LLC
Buyer's Agent
Kevin Daily
Coldwell Banker Realty
List Price
$400,000
Sold Price
$425,000
Premium/Discount to List
$25,000
6.25%
Current Estimated Value
$568,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,610
Avg. Annual Appreciation
7.46%
Original Mortgage
$410,815
Outstanding Balance
$377,862
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$185,592

Purchase Details

Listed on
Oct 1, 2019
Closed on
Jan 18, 2020
Sold by
Ferwerda Karen and Estate Of Gary Ferwerda
Bought by
Braunwell Lisa
Seller's Agent
Steven Nash
D'Amico & McConnell Realtors
Buyer's Agent
Joseph Mayo
RE/MAX of Long Beach Island
Sold Price
$255,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.81%
Original Mortgage
$200,000
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 25, 2009
Sold by
Ferwerda Karen
Bought by
Ferwerda Gary
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
Daily Kevin J $425,000 Rms Title Services Llc
Braunwell Lisa $260,000 University Title Ins Agcy
Ferwerda Gary -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daily Kevin J $410,815
Previous Owner Braunwell Lisa $200,000
Previous Owner Braunwell Lisa $200,000
Previous Owner Ferwerda Gary $292,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2021 09/09/21 Sold $425,000 +6.3% $885 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $400,000 +56.9% $833 / Sq Ft
01/22/2020 01/22/20 Sold $255,000 -- $271 / 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
2024 $5,039 $241,200 $165,000 $76,200
2023 $5,039 $241,200 $165,000 $76,200
2022 $4,882 $241,200 $165,000 $76,200
2021 $4,882 $241,200 $165,000 $76,200
2020 $4,819 $241,200 $165,000 $76,200
2019 $4,764 $241,200 $165,000 $76,200
2018 $4,711 $241,200 $165,000 $76,200
2017 $4,617 $241,200 $165,000 $76,200
2016 $4,503 $241,200 $165,000 $76,200
2015 $3,998 $134,300 $68,000 $66,300
2014 $3,818 $131,300 $65,000 $66,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22122520

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 52-00055-0000-00008