NOT LISTED FOR SALE

113 New Jersey Ave Unit 1 Lavallette, NJ 08735

Estimated Value: $767,000 - $1,171,683

2 Beds
2 Baths
-- Sq Ft
4,792 Sq Ft Lot

Last Sold September 17, 2021

Last sale price $520,000

Est. 86% increase in value since last sale

Current estimated payment $5,885/month

34 Days on Market

About This Home

As of September 2021

Shore cape 2 family condo home needing some TLC and brought back to its original charm. Located only 2 blocks to bay and W. Point Island and only 2 blocks to beaches. Second floor front balcony. First floor stripped to studs with no flooring. Second floor intact with kitchenette, bath, bedroom, and door access to front large balcony. Please use EXTREME caution when previewing this home. SOLD STRICTLY IN AS IS CONDITION. Buyer responsible for certificate of occupancy, permits, etc. Property has been ''condodized''. Front home and back home. Small Association fee annual.

Last Agent to Sell the Property

Michael Gruosso

Keller Williams Realty East Monmouth License #0566857 Listed on: 07/25/2020

Keller Williams Realty East Monmouth

Last Buyer's Agent

Michael Gruosso

Keller Williams Realty East Monmouth License #0566857 Listed on: 07/25/2020

Keller Williams Realty East Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,864

Year Built

  • Built in 1954

Lot Details

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

Home Design

  • Duplex
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Schools

  • Lavallette Elementary School
  • Point Pleasant Beach High School

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 16-00045-02-00020-0000-C0001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,864

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Corner Lot
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet
  • Year Built: 1954
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Lot Description Corner Lot: Yes
  • WaterSewer Public Water: Yes
  • SidingAluminum: Yes
  • Garage None4: Yes
  • Cooling No Heat2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Acres: 0.11
  • Waterfront: No
  • Exclusions: Personal property
  • Construction Type: Aluminum Siding

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 16-00045-02-00020-0000-C0001
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3864.04
  • Tax Other Annual Assessment Amount: 441700.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Lavallette
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2023
Sold by
Cibischino Rolando and Cibischino Maureen
Bought by
Cibischino Rolando and Cibischino Maureen
Total Days on Market
34
Current Estimated Value
$968,921

Purchase Details

Closed on
Feb 25, 2023
Sold by
113 Lava Ventures Llc
Bought by
Magnarelli Piero and Kraemer Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,500
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2020
Closed on
Sep 17, 2021
Sold by
Smith George R and Smith Linda S
Bought by
113 Lava Ventures Llc
Seller's Agent
Michael Gruosso
Keller Williams Realty East Monmouth
Buyer's Agent
Michael Gruosso
Berkshire Hathaway HomeServices Fox & Roach - Perrineville
List Price
$399,000
Sold Price
$520,000
Premium/Discount to List
$121,000
30.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.32%
Original Mortgage
$749,995
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Listed on
Jul 25, 2020
Closed on
Sep 11, 2021
Sold by
Smith George R and Smith Linda S
Bought by
113 Lava Ventures Llc
Seller's Agent
Michael Gruosso
Keller Williams Realty East Monmouth
Buyer's Agent
Michael Gruosso
Berkshire Hathaway HomeServices Fox & Roach - Perrineville
List Price
$399,000
Sold Price
$520,000
Premium/Discount to List
$121,000
30.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,995
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 22, 2005
Sold by
Smith George R and Smith Linda S
Bought by
Josephs James T and Josephs Judith Leblein

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,800
Interest Rate
5.67%
Mortgage Type
Fannie Mae Freddie Mac
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
Cibischino Rolando -- None Listed On Document
Magnarelli Piero $999,000 First American Title
113 Lava Ventures Llc $520,000 All Ahead Title Agency
113 Lava Ventures Llc $520,000 Old Republic Title
Josephs James T $371,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magnarelli Piero $499,500
Previous Owner 113 Lava Ventures Llc $749,995
Previous Owner 113 Lava Ventures Llc $749,955
Previous Owner Smith George R $304,000
Previous Owner Smith George R $260,000
Previous Owner Smith George R $250,000
Previous Owner Smith George R $10,000
Previous Owner Josephs James T $296,800
Previous Owner Smith George R $165,000
Previous Owner Smith George R $376,000
Previous Owner Smith George R $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2021 09/17/21 Sold $520,000 +30.3% --
08/28/2020 08/28/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $399,000 -- --
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 $5,539 $603,400 $281,300 $322,100
2023 $3,772 $441,700 $281,300 $160,400
2022 $3,772 $441,700 $281,300 $160,400
2021 $3,648 $441,700 $281,300 $160,400
2020 $3,626 $441,700 $281,300 $160,400
2019 $1,118 $395,500 $281,300 $114,200
2018 $3,840 $395,500 $281,300 $114,200
2017 $1,120 $395,500 $281,300 $114,200
2016 $0 $395,500 $281,300 $114,200
2015 -- $395,500 $281,300 $114,200
2014 -- $395,500 $281,300 $114,200
Source: Public Records

Agents Affiliated with this Home

  • Michael Gruosso

    Seller's Agent in 2021

    Michael Gruosso

    Keller Williams Realty East Monmouth

    (908) 489-4107

    166 Total Sales

    Michael Gruosso
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22025352

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00045-02-00020-0000-C01

New Jersey Ocean County Lavallette 08735

113 New Jersey Ave Unit 1, Lavallette, NJ

This home is located at 113 New Jersey Ave Unit 1, Lavallette, NJ 08735 since 25 July 2020 and is currently estimated at $968,921. This property was built in 1954. 113 New Jersey Ave Unit 1 is a home located in Ocean County with nearby schools including Lavallette Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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