NOT LISTED FOR SALE

116 W Plover Way Lavallette, NJ 08735

Estimated Value: $439,000 - $620,464

2 Beds
1 Bath
540 Sq Ft
$985/Sq Ft Est. Value

Last Sold September 18, 2023

Last sale price $409,000 $757 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,490/month

18 Days on Market

Highlights

  • Community Beach Access
  • Granite Countertops
  • Cottage
  • Clubhouse
  • Community Pool
  • Ceiling height of 9 feet on the main level

About This Home

As of September 2023

This raised home is in Ocean Beach Unit III, a private community with an expansive ocean beach and other great amenities, including a club house, bay beach and playground. The features of this 2-bedroom include newer kitchen, wood-look floors, washer/dryer and larger bathroom. There is 540 sq. ft. of storage beneath the house with 4.5 foot high ceilings so it is easy to keep kayaks, boogie boards and the rest out of the way. There is also parking for 4 cars in the driveway. Solid rental income of approximately $18,000 per summer.
House is on leased-land which can be a write-off if the house is rented seasonally.

Last Listed By

Angela Serio

Ocean Beach Sales License #0125329 Listed on: 06/25/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,391

Year Built

  • Built in 1952

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50 x 32
  • Land Lease

HOA Fees

  • $61 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Cottage
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 540 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Light Fixtures
  • Blinds
  • Crawl Space
  • Dryer

Kitchen

  • Electric Cooktop
  • Stove
  • Microwave
  • Granite Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Outdoor Features

  • Patio
  • Outdoor Gas Grill

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: dining table and chairs, some decorative items
  • Assessor Parcel Number 08-01109-15-00018

Community Details

Overview

  • Ocean Beach Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Beach
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,391

Year Built

Built in 1952

Lot Details

0

HOA Fees

$61 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Leased Land
  • Reso Association Amenities: Beach, Association, Swimming, Clubhouse, Playground
  • Inclusions: AC Units, Blinds/Shades, Dryer, Electric Cooking, Light Fixtures, Microwave, Stove, Refrigerator, Gas Grill
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr
  • New Construction: No
  • Year Built: 1952
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 50 x 32
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Included Light Fixtures: Yes
  • Common Elements Clubhouse: Yes
  • Number Appliances Included A C Units: Yes
  • Common Elements Playground: Yes
  • Kitchen GraniteStone Counter: Yes
  • Living Room Floor - Laminate3: Yes
  • Kitchen Floor - Laminate2: Yes
  • Included Gas Grill: Yes
  • Cooling Multi Units: Yes
  • GreatFamily Room Floor - Laminate6: Yes
  • Style CottageBungalow: Yes
  • Lot Description Leased Land: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: dining table and chairs, some decorative items
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 736.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 50 x 32
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 08-01109-15-00018
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5391.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2008
Total Days on Market
18
Current Estimated Value
$531,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
5.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 27, 2006
Sold by
Mcdonough John R
Bought by
Mcdonough Patrick H and Mcdonough Kelly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,600
Interest Rate
6.47%
Mortgage Type
Unknown

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
-- -- --
Mcdonough Patrick H $215,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcquade Rosemary $327,200
Closed Royland Daniel $204,000
Closed Royland Daniel $216,015
Closed Oropallo Christopher J $155,000
Previous Owner Mcdonough Patrick H $215,600
Previous Owner Petrillo Frank L $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2023 09/18/23 Sold $409,000 0.0% $757 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
06/25/2023 06/25/23 For Sale $409,000 +85.9% $757 / Sq Ft
04/28/2017 04/28/17 Sold $220,000 -- --
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 $5,591 $323,000 $252,000 $71,000
2023 $5,391 $323,000 $252,000 $71,000
2022 $5,391 $323,000 $252,000 $71,000
2021 $5,105 $203,800 $146,600 $57,200
2020 $5,083 $203,800 $146,600 $57,200
2019 $4,863 $203,800 $146,600 $57,200
2018 $4,797 $203,800 $146,600 $57,200
2017 $4,757 $203,800 $146,600 $57,200
2016 $3,423 $150,600 $146,600 $4,000
2015 $3,294 $150,600 $146,600 $4,000
2014 $3,135 $150,600 $146,600 $4,000
Source: Public Records

Agents Affiliated with this Home

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22317334

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01109-15-00018