NOT LISTED FOR SALE

Estimated Value: $1,121,459 - $1,575,000

4 Beds
2 Baths
1,496 Sq Ft
$890/Sq Ft Est. Value

Last Sold March 15, 2012

Last sale price $645,000 $431 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $7,909/month

19 Days on Market

Highlights

  • Ocean View
  • Open Floorplan
  • Ceramic Tile Flooring
  • Building is oceanfront but unit may not have water views
  • Deck
  • Storm Doors

About This Home

As of March 2012

Beautiful duplex just a few houses from the beach. Nice ocean views from the huge fiberglass rooftop deck.The home features two bedrooms per unit, large front decks on both units and a great open living area with vaulted ceilings in the upstairs unit. Kitchens have been updated and the home is very tastefully furnished and decorated. It has an excellent rental history and the owner handles all rentals directly achieving better tenant control and higher net income.Plenty of off-street parking and a short walk to all of Ship Bottoms services round out the picture.

Last Agent to Sell the Property

James Dooney

RE/MAX of Long Beach Island* Listed on: 01/14/2012

Last Buyer's Agent

Marilyn Schultz

Pacesetter Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,121

Year Built

  • 1955

Lot Details

  • Lot Dimensions are 40x100
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding

Interior Spaces

  • 1,496 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Insulated Windows
  • Ceramic Tile Flooring
  • Ocean Views
  • Crawl Space
  • Storm Doors

Kitchen

  • Electric Oven or Range
  • Stove

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Storage Shed

Community Details

  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 2900077000000009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,121

Year Built

1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Special Features: None
  • Year Built: 1955

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Stove
  • Flooring Type: Ceramic Tile
  • Interior Amenities: Floor Plan - Open
  • Window Features: Insulated
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Living Area Units: Square Feet
  • Total Sq Ft: 1496
  • Living Area Sq Ft: 1496
  • Price Per Sq Ft: 433.82
  • Above Grade Finished Sq Ft: 1496
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Roof: Shingle, Fiberglass
  • View: Water, Ocean
  • Water View: Yes

Garage/Parking

  • Type Of Parking: Driveway, Off Street

Utilities

  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 163300.00
  • Land Assessed Value: 368000.00
  • Lot Features: Level
  • Lot Dimensions: 40X100
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: R3
  • Zoning Description: r3

Rental Info

  • Furnished: Partially

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3076555
  • Tax Annual Amount: 5121.0
  • Assessor Parcel Number: 2900077000000009
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2012
Closed on
Mar 15, 2012
Sold by
Romeo Richard and Romeo Frances
Bought by
Troy Steven and Troy Mary Anne
Seller's Agent
James Dooney
RE/MAX of Long Beach Island*
Buyer's Agent
Marilyn Schultz
Pacesetter Realty
List Price
$649,000
Sold Price
$645,000
Premium/Discount to List
-$4,000
-0.62%
Total Days on Market
19
Current Estimated Value
$1,331,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,615
Original Mortgage
$483,750
Outstanding Balance
$345,116
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2007
Sold by
Mcfadden Andrew Paul
Bought by
Romeo Richard and Romeo Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
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
Troy Steven $645,000 None Available
Romeo Richard $695,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Troy Steven $483,750
Previous Owner Romeo Richard $474,436
Previous Owner Romeo Richard $495,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2012 03/15/12 Sold $645,000 -0.6% $431 / Sq Ft
02/02/2012 02/02/12 Pending -- -- --
01/14/2012 01/14/12 For Sale $649,000 -- $434 / Sq Ft
Source: Bright MLS

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 $7,079 $616,100 $440,000 $176,100
2023 $6,525 $616,100 $440,000 $176,100
2022 $6,525 $616,100 $440,000 $176,100
2021 $6,494 $616,100 $440,000 $176,100
2020 $6,512 $616,100 $440,000 $176,100
2019 $6,518 $616,100 $440,000 $176,100
2018 $6,531 $616,100 $440,000 $176,100
2017 $6,106 $616,100 $440,000 $176,100
2016 $5,881 $531,300 $368,000 $163,300
2015 $5,738 $531,300 $368,000 $163,300
2014 $5,733 $531,300 $368,000 $163,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC220232

Bright MLS

APN: 29-00077-0000-00009