NOT LISTED FOR SALE

Estimated Value: $672,000 - $821,000

2 Beds
1 Bath
560 Sq Ft
$1,342/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $648,000 $1,157 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,970/month

15 Days on Market

Highlights

  • Community Beach Access
  • Deck
  • Engineered Wood Flooring
  • New Kitchen
  • Raised Ranch Architecture
  • Bonus Room

About This Home

As of October 2021

LAVELLETTE BEACH BUNGALOW! Centrally located just a block from the oceanfront, bay and walking distance to Lavallette's vibrant downtown, this 2-bedroom, 1-bathroom Ocean Beach 3 home on OWNED LAND is ultra-versatile and an incredible opportunity to invest in an authentic shore lifestyle. Built to perfection in 2017, there is simply nothing to do but turn the key and unpack into this rare, fully furnished offering! The interior boasts a bright and open-concept main level, appointed with high ceilings and shiplap accents across a gorgeous living area, which leads to a dream-like eat-in kitchen equipped with a state-of-the-art Whirlpool appliance package, center island, white shaker cabinets and quartz finishes. A vaulted primary bedroom and thoughtfully oriented second bedroom with custom-built dual bunkbeds provide various sleeping arrangements, with a full bathroom located nearby. The exterior has been optimized for function, hallmarked by a covered lounge area that is ideal for gatherings or leisure, outfitted with a convenient outdoor shower for rinsing off after gorgeous day by the water. An elevated outdoor deck, designated parking for four vehicles and TONS of interior storage at the ground level make this a truly extraordinary find. Suitable for year-round personal residency or as a tremendous passive income investment, positioned for exceptional rental potential.

Last Agent to Sell the Property

Salvatore Ventre

EXP Realty Listed on: 08/23/2021

Co-Listed By

Anthony D'Astoli

EXP Realty License #2185248

Last Buyer's Agent

Robert Reinhold

Keller Williams Shore Properties License #1221431

Keller Williams Shore Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,409

Year Built

  • Built in 2017

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50 x 32

HOA Fees

  • $59 Monthly HOA Fees

Home Design

  • Raised Ranch Architecture
  • Cottage
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 560 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • Ceiling height of 9 feet on the main level
  • Recessed Lighting
  • Light Fixtures
  • Living Room
  • Bonus Room
  • Storage
  • Engineered Wood Flooring
  • Pull Down Stairs to Attic

Kitchen

  • New Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Cooktop
  • Stove
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Double-Wide Driveway
  • Gravel Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Exterior Lighting
  • Porch

Utilities

  • Air Conditioning
  • No Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 08-01109-03-00011

Community Details

Overview

  • Association fees include common area

Amenities

  • Common Area

Recreation

  • Community Beach Access
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,409

Year Built

Built in 2017

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Reso Association Amenities: Beach, Association
  • Reso Association Fee Includes: Common Area
  • Co List Office Mls Id: 3318
  • Co List Office Phone: 866-201-6210
  • Inclusions: Outdoor Lighting, AC Units, Washer, Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Refrigerator, None, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Raised Ranch, Ranch, Cottage/Bungalow
  • Reso Flooring: Engineered
  • Reso Interior Features: Attic - Pull Down Stairs, Ceilings - 9Ft+ 1st Flr, Breakfast Bar, Recessed Lighting
  • New Construction: No
  • Year Built: 2017
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • Living Room Floor - Engineered: Yes
  • WaterSewer Public Sewer: Yes
  • Floors Engineered: Yes
  • Kitchen Center Island: Yes
  • Kitchen Floor - Engineered3: Yes
  • Fee Includes Common Area2: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 50 x 32
  • Interior Attic - Pull Down Stairs: Yes
  • Kitchen Newer: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Exterior Lighting: Yes
  • Parking Double Wide Drive: Yes
  • Interior Recessed Lighting: Yes
  • Exterior Porch - Open: Yes
  • Included Light Fixtures: Yes
  • Garage None4: Yes
  • Number Appliances Included A C Units: Yes
  • Included Outdoor Lighting: Yes
  • Kitchen GraniteStone Counter: Yes
  • ExteriorDeck: Yes
  • Rooms Bonus Room2: Yes
  • Style Ranch: Yes
  • Kitchen Breakfast Cntr: Yes
  • Kitchen Eat-In: Yes
  • ExteriorOutdoorShower: Yes
  • Style CottageBungalow: Yes
  • Style Raised Ranch: Yes
  • Bonus Room Level Basement35: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 6
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom:TRYVLTCATH3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exterior Features: Deck, Outdoor Shower, Porch - Open, Private Storage, Lighting
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Double Wide Drive, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:None3: Yes

Condo/Co-op/Association

  • Association Fee: 711.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Dimensions: 50 x 32
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 08-01109-03-00011
  • Zoning Description: Residential, Single Family, Neighborhood

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5409.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Oct 18, 2021
Sold by
Torsiello Kimberly A and Torsiello Gerard J
Bought by
Weichel Vincent and Weichel Lenore
Seller's Agent
Salvatore Ventre
EXP Realty
Buyer's Agent
Robert Reinhold
Keller Williams Shore Properties
List Price
$622,000
Sold Price
$648,000
Premium/Discount to List
$26,000
4.18%
Current Estimated Value
$751,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,388
Avg. Annual Appreciation
4.04%
Original Mortgage
$518,400
Outstanding Balance
$479,327
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$272,061

Purchase Details

Listed on
Feb 22, 2018
Closed on
Jun 15, 2018
Sold by
Farrell Sean and Farrell Cavan
Bought by
Torsiello Gerard J and Torsiello Kimberly A
Seller's Agent
Angela Serio
Ocean Beach Sales
Buyer's Agent
Laurie Enoch
Crossroads Realty Inc-Lavallette
Sold Price
$445,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.99%

Purchase Details

Closed on
Jan 29, 2016
Sold by
Hoffman Joseph F and Hoffman Wendy W
Bought by
Farrell Sean and Farrell Cavan

Purchase Details

Closed on
Jun 30, 1983
Bought by
Hoffman Joseph and Hoffman Wendy
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
Weichel Vincent $648,000 Old Republic Natl Ttl Ins Co
Torsiello Gerard J $445,000 Westcor Land Title
Farrell Sean $199,000 --
Hoffman Joseph $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weichel Vincent $518,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2021 10/19/21 Sold $648,000 +4.2% $1,157 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/23/2021 08/23/21 For Sale $622,000 +39.8% $1,111 / Sq Ft
06/25/2018 06/25/18 Sold $445,000 -- $795 / 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 $9,134 $527,700 $252,000 $275,700
2023 $8,807 $527,700 $252,000 $275,700
2022 $8,807 $527,700 $252,000 $275,700
2021 $5,433 $216,900 $146,600 $70,300
2020 $5,409 $216,900 $146,600 $70,300
2019 $5,175 $216,900 $146,600 $70,300
2018 $5,106 $216,900 $146,600 $70,300
2017 $3,422 $146,600 $146,600 $0
2016 $3,414 $150,200 $146,600 $3,600
2015 $3,285 $150,200 $146,600 $3,600
2014 $3,127 $150,200 $146,600 $3,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22127712

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01109-03-00011