NOT LISTED FOR SALE

116 11th Ave Belmar, NJ 07719

Estimated Value: $1,564,000 - $1,701,874

9 Beds
3 Baths
2,748 Sq Ft
$589/Sq Ft Est. Value

Last Sold January 05, 2023

Last sale price $1,392,000 $507 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $9,485/month

73 Days on Market

Highlights

  • Ocean View
  • 1 Car Detached Garage
  • Baseboard Heating
  • Oceanside
  • Cooling Available
  • 4-minute walk to Belmar Beach Playground

About This Home

As of January 2023

Location, Location, Location! A place of your own to relax & enjoy by the beach with ocean views! Sought-after beach block location just 8 houses to the beach + boardwalk! You will love the cool summer breezes and enjoyment all year round in this amazing town. This rare 2-family presents multiple options to choose from on this sought after 50 x 150 property. Continue to rent as an investment, live in one and rent the other, or renovate this charming home into a large single family home with all your personalized touches for your family beach home! Awesome front porch w/ ocean views, large driveway for plenty of off-street parking, detached garage, outdoor shower and plenty of space for the whole crew. Just a few blocks to downtown, restaurants, shops, train station & Marina. Call Today! This property is in the ''HEART'' of the northern end of town is a straight shot to the downtown, train to NYC, brewery, coffee shops, blocks to the scenic Silver Lake, restaurants, and the 9th Ave Pier for watching the sunset. Take action today and secure this wonderful opportunity to make this your own.

Last Agent to Sell the Property

Edward James Szumski

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake Brokerage Phone: 732-859-3751 License #1644256 Listed on: 09/24/2022

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake

Last Buyer's Agent

Edward James Szumski

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake Brokerage Phone: 732-859-3751 License #1644256 Listed on: 09/24/2022

Berkshire Hathaway HomeServices Fox & Roach - Spring Lake

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,883

Year Built

  • Built in 1922

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Parking

  • 1 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,748 Sq Ft Home
  • 3-Story Property
  • Ocean Views
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Oceanside

Schools

  • Belmar Middle School

Utilities

  • Cooling Available
  • Baseboard Heating
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 07-00100-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,883

Year Built

Built in 1922

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Attribution Contact: 732-859-3751
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1922
  • Contract Info List PriceSqFt: 545.85
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Belmar
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Ocean View: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 9
  • Stories: 3
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Exterior Features: Ocean View
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 07-00100-0000-00012
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 9883.0
  • Tax Other Annual Assessment Amount: 728300.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Dec 23, 2022
Sold by
Tully Catherine T
Bought by
Fares Hani and Saad Yvette
Seller's Agent
Edward James Szumski
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
Buyer's Agent
Edward James Szumski
Berkshire Hathaway HomeServices Fox & Roach - Spring Lake
List Price
$1,599,999
Sold Price
$1,392,000
Premium/Discount to List
-$207,999
-13%
Views
65
Current Estimated Value
$1,617,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,969
Avg. Annual Appreciation
5.31%

Purchase Details

Listed on
Mar 14, 2014
Closed on
Nov 15, 2014
Sold by
Badalamenti Denise and Badalamenti Denis
Bought by
Tully Catherine T and Tully Colleen P
Seller's Agent
Kristin Palmisano
Prominent Properties
Buyer's Agent
Maryanne Stebbins
Chris Smith Realty
Sold Price
$655,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.79%
Original Mortgage
$475,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2014
Sold by
Badalmenti Vito and Badalmenti Denis
Bought by
Badalamenti Denis
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fares Hani $1,392,000 Fidelity National Title
Fares Hani $1,392,000 Fidelity National Title
Tully Catherine T $655,000 Agent For Westcor Land Title
Badalamenti Denis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tully Catherine T $475,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2023 01/05/23 Sold $1,392,000 -7.2% $507 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
10/29/2022 10/29/22 Price Changed $1,499,999 -6.3% $546 / Sq Ft
09/24/2022 09/24/22 For Sale $1,599,999 +144.3% $582 / Sq Ft
12/12/2014 12/12/14 Sold $655,000 -- $293 / Sq Ft View Prior Sale
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 $12,004 $825,000 $550,000 $275,000
2024 $10,240 $825,000 $550,000 $275,000
2023 $10,240 $728,300 $550,000 $178,300
2022 $9,883 $728,300 $550,000 $178,300
2021 $9,796 $728,300 $550,000 $178,300
2020 $9,796 $728,300 $550,000 $178,300
2019 $9,796 $728,300 $550,000 $178,300
2018 $8,995 $728,300 $550,000 $178,300
2017 $8,776 $728,300 $550,000 $178,300
2016 $10,323 $540,200 $260,000 $280,200
2015 $9,983 $520,200 $240,000 $280,200
2014 $9,679 $500,200 $220,000 $280,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22230241

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00100-0000-00012