NOT LISTED FOR SALE

114 Newark Ave Lavallette, NJ 08735

Estimated Value: $1,194,000 - $1,542,000

3 Beds
2 Baths
1,645 Sq Ft
$843/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $1,305,000 $793 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,966/month

52 Days on Market

Highlights

  • No HOA
  • Oversized Lot
  • Porch
  • Gazebo
  • 1 Car Detached Garage
  • 2-minute walk to Boro Ball Field

About This Home

As of October 2023

Pristine 2-Family nestled comfortably in the cozy shore town of LAVALLETTE. Low taxes, mile-long boardwalk along the ocean & a bayside bathing beach make Lavallette a top destination for summer vacationers! Both homes are completely renovated & updated - Main home is 3 BRs / 2 BTHs and fully equipped. Rear house is a 1 bedroom studio with kitchen & bath and covered porch. Both houses can be rented separately but are currently being rented as a compound for weekly summer vacations. Fenced yard with gazebo, fire pit and enclosed outside shower for that full summer experience. Extra deep driveway, detached garage, plenty of storage under front house...the list goes on & on. Rentals booked 2023 - Limited Saturday showings until 8/26.

Last Agent to Sell the Property

Stephen Krug

RE/MAX at Barnegat Bay License #0336982 Listed on: 07/13/2023

RE/MAX at Barnegat Bay

Last Buyer's Agent

Rachel Baran

Schlosser Real Estate, Inc. License #0785099

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,093

Lot Details

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

Parking

  • 1 Car Detached Garage
  • Oversized Parking
  • Parking Available
  • Driveway
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,645 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Patio
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill
  • Porch

Schools

  • Lavallette Elementary School
  • Point Pleasant Beach High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 16-00050-02-00021

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,093

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oversized
  • Inclusions: Outdoor Lighting, Washer, Window Treatments, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Microwave, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Detached, 2 Story
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.11
  • General Property Info Lot Dimensions: 50 x 100
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Exterior Storage: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Porch - Open: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included BlindsShades: Yes
  • Included Ceiling Fan(s): Yes
  • Included Outdoor Lighting: Yes
  • Included Window Treatments: Yes
  • Parking Concrete: Yes
  • Parking Oversized2: Yes
  • ExteriorOutdoorShower: Yes
  • Exterior BBQ: Yes
  • Exterior Gazebo: Yes
  • General Property Info # UnitsBldgs: 2.0
  • Style 2 Story: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:None2: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Other - See Remarks, Shingle
  • Acres: 0.11
  • Waterfront: No
  • Exterior Features: BBQ, Fence, Gazebo, Outdoor Shower, Patio, Porch - Open, Storage, Lighting
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • Parcel #: 16-00050-02-00021
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5093.0

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

Listed on
Jul 13, 2023
Closed on
Sep 26, 2023
Sold by
Fusco David and Fusco Sandra
Bought by
Lovvoll David and Lovvoll Vikki
Seller's Agent
Stephen Krug
RE/MAX at Barnegat Bay
Buyer's Agent
Rachel Baran
Schlosser Real Estate, Inc.
List Price
$1,375,000
Sold Price
$1,305,000
Premium/Discount to List
-$70,000
-5.09%
Views
410
Current Estimated Value
$1,386,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,466
Avg. Annual Appreciation
3.17%

Purchase Details

Closed on
Feb 8, 2008
Sold by
Tabano Richard V
Bought by
Fusco David and Conte Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Interest Rate
5.75%
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
Lovvoll David $1,305,000 Trident Abstract Title
Lovvoll David $1,305,000 Trident Abstract Title
Fusco David $615,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fusco David $435,000
Previous Owner Fusco David $492,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2023 10/02/23 Sold $1,305,000 -5.1% $793 / Sq Ft
09/03/2023 09/03/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $1,375,000 -- $836 / 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
2025 $5,642 $603,200 $375,000 $228,200
2024 $5,475 $596,400 $375,000 $221,400
2023 $5,093 $596,400 $375,000 $221,400
2022 $5,093 $596,400 $375,000 $221,400
2021 $4,926 $596,400 $375,000 $221,400
2020 $4,896 $596,400 $375,000 $221,400
2019 $4,937 $504,300 $350,000 $154,300
2018 $4,897 $504,300 $350,000 $154,300
2017 $4,493 $458,000 $350,000 $108,000
2016 $4,346 $458,000 $350,000 $108,000
2015 $4,255 $458,000 $350,000 $108,000
2014 $4,273 $458,000 $350,000 $108,000
Source: Public Records

Agents Affiliated with this Home

  • Stephen Krug

    Seller's Agent in 2023

    Stephen Krug

    RE/MAX

    (732) 232-4624

    3 in this area

    15 Total Sales

    Stephen Krug
    Section Image
  • Rachel Baran

    Buyer's Agent in 2023

    Rachel Baran

    Schlosser Real Estate, Inc.

    (848) 992-9149

    12 in this area

    31 Total Sales

    Rachel Baran
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22319038

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00050-02-00021

New Jersey Ocean County Lavallette 08735

114 Newark Ave, Lavallette, NJ

This home is located at 114 Newark Ave, Lavallette, NJ 08735 since 13 July 2023 and is currently estimated at $1,386,466, approximately $842 per square foot. 114 Newark Ave 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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