NOT LISTED FOR SALE

Estimated Value: $1,486,293 - $1,893,000

-- Bed
2 Baths
1,520 Sq Ft
$1,110/Sq Ft Est. Value

Last Sold October 30, 2014

Last sale price $846,250 $557 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $9,799/month

Highlights

  • Ocean View
  • Open Floorplan
  • No HOA
  • Building is oceanfront but unit may not have water views
  • Deck
  • Patio

About This Home

As of October 2014

Totally renovated two-family home located 3rd from the beach with beautiful oceanviews. Each unit features 3 bedrooms, 1 bath, living room, dining area, kitchen, gas heat, central air, washer/dryer. The exterior is maintenance free vinyl siding. Excellent rental history and a great location. Attached please find rental history, list of improvements, survey & elevation certificate. This property is in mint condition, bring your fussiest buyers. Gross Rental Income for 2014 $57,700. Prime rental weeks 1st floor $2,600 per week and 2nd floor $2,800 per week.

Last Agent to Sell the Property

Craig Stefanoni

BHHS Zack Shore REALTORS License #8437113 Listed on: 11/11/2013

BHHS Zack Shore REALTORS

Last Buyer's Agent

Mark Ceres

Weichert Realtors - Ship Bottom

Weichert Realtors - Ship Bottom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,721

Year Built

  • Built in 1955

Lot Details

  • Lot Dimensions are 40 x 80
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,520 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Double Hung Windows
  • Window Screens
  • Ocean Views
  • Crawl Space

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Deck
  • Patio
  • Storage Shed

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 18-00012-21-00006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,721

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Built-In Microwave, Dryer, Refrigerator, Washer, Stove
  • Flooring Type: Fully Carpeted, Ceramic Tile
  • Interior Amenities: Recessed Lighting, Floor Plan - Open, Ceiling Fan(s)
  • Window Features: Double Hung, Screens
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1520
  • Living Area Sq Ft: 1520
  • Price Per Sq Ft: 591.45
  • Above Grade Finished Sq Ft: 1520
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • View: Water, Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REGIONAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Fencing: Partially
  • Improvement Assessed Value: 107969.00
  • Land Assessed Value: 676992.00
  • Lot Dimensions: 40 X 80
  • Outdoor Living Structures: Patio(s), Deck(s)
  • Zoning: R50
  • Zoning Description: r50

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3023882
  • Tax Annual Amount: 6721.00
  • Assessor Parcel Number: 18-00012-21-00006
  • Tax Lot: 6
  • Tax Year: 2014
  • Close Date: 10/30/2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2013
Closed on
Oct 30, 2014
Sold by
Marshall George J and Marshall Carmela
Bought by
Ptlbi Llc
Seller's Agent
Craig Stefanoni
BHHS Zack Shore REALTORS
Buyer's Agent
Mark Ceres
Weichert Realtors - Ship Bottom
List Price
$899,000
Sold Price
$846,250
Premium/Discount to List
-$52,750
-5.87%
Current Estimated Value
$1,687,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$841,573
Avg. Annual Appreciation
6.54%
Original Mortgage
$400,000
Outstanding Balance
$309,198
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,376,704

Purchase Details

Closed on
Mar 28, 2006
Sold by
Lynch Robert A and Lynch Margueritte E
Bought by
Marshall George J and Marshall Carmela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$654,662
Interest Rate
6.26%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 25, 2003
Sold by
Barnett Michael S
Bought by
Lynch Robert A and Lynch Margueritte E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$545,300
Interest Rate
5.45%

Purchase Details

Closed on
Mar 10, 2000
Sold by
Donnolo Joseph
Bought by
Barnett Michael and Barnett Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
8.24%
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
Ptlbi Llc $846,250 Fidelity Natl Title Ins Co
Marshall George J $999,000 Commonwealth Land Title Insu
Lynch Robert A $779,000 --
Barnett Michael $339,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ptlbi Llc $400,000
Previous Owner Marshall George J $654,662
Previous Owner Lynch Robert A $545,300
Previous Owner Barnett Michael $271,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2014 10/30/14 Sold $846,250 -5.9% $557 / Sq Ft
09/03/2014 09/03/14 Pending -- -- --
11/11/2013 11/11/13 For Sale $899,000 -- $591 / 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
2025 $8,078 $904,600 $791,800 $112,800
2024 $8,024 $904,600 $791,800 $112,800
2023 $7,526 $904,600 $791,800 $112,800
2022 $7,526 $904,600 $791,800 $112,800
2021 $7,275 $904,600 $791,800 $112,800
2020 $6,952 $699,400 $603,200 $96,200
2019 $7,015 $699,400 $603,200 $96,200
2018 $6,805 $699,400 $603,200 $96,200
2017 $6,840 $699,400 $603,200 $96,200
2016 $6,896 $699,400 $603,200 $96,200
2015 $6,889 $699,400 $603,200 $96,200
2014 $6,721 $699,400 $603,200 $96,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC219672

Bright MLS

APN: 18-00012-21-00006