NOT LISTED FOR SALE

118 E Pennsylvania Ave Beach Haven, NJ 08008

Long Beach Island Neighborhood

Estimated Value: $1,793,000 - $2,059,310

-- Bed
2 Baths
1,824 Sq Ft
$1,061/Sq Ft Est. Value

Last Sold April 23, 2018

Last sale price $875,000 $480 Per Sq Ft

Est. 121% increase in value since last sale

Current estimated payment $10,983/month

Highlights

  • Building is oceanfront but unit may not have water views
  • No HOA
  • Detached Garage
  • Deck
  • Breakfast Area or Nook
  • Porch

About This Home

As of April 2018

Fantastic Location! Check out this Ocean Block Duplex in Beach Haven Terrace! This spacious 3 bedroom over 3 bedroom duplex with a 2 car detached garage is located in one of the best rental areas on Long Beach Island. Maintenance free siding and decking. The entire front of the property is pavered offering plenty of off street parking for tenants or for family and friends. Just sixth from the ocean, this is an ideal property to rent out or use as your vacation home.

Last Agent to Sell the Property

Gina Laird

glairdlbi@gmail.com RE/MAX of Long Beach Island Listed on: 08/31/2017

Last Buyer's Agent

Edward Freeman Sr

(609) 661-5002 edwardfreeman@remax.net RE/MAX at Barnegat Bay - Ship Bottom License #0562673

RE/MAX at Barnegat Bay - Ship Bottom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,482

Year Built

  • Built in 1969

Lot Details

  • Building is oceanfront but unit may not have water views
  • Level Lot
  • Irregular Lot
  • The property's topography is level

Home Design

  • Duplex
  • Side-by-Side
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,824 Sq Ft Home
  • Window Treatments
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • Driveway

Outdoor Features

  • Outdoor Shower
  • Deck
  • Porch

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units
  • Beach Haven Terrace Subdivision

Listing and Financial Details

  • Tax Lot 20.01
  • Assessor Parcel Number 18-00007-11-00020-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,482

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1969
  • Remarks Public: Fantastic Location! Check out this Ocean Block Duplex in Beach Haven Terrace! This spacious 3 bedroom over 3 bedroom duplex with a 2 car detached garage is located in one of the best rental areas on Long Beach Island. Maintenance free siding and decking. The entire front of the property is pavered offering plenty of off street parking for tenants or for family and friends. Just sixth from the ocean, this is an ideal property to rent out or use as your vacation home.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Flooring Type: Tile/Brick, Fully Carpeted
  • Interior Amenities: Window Treatments, Breakfast Area
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1824
  • Living Area Sq Ft: 1824
  • Price Per Sq Ft: 492.87
  • Above Grade Finished Sq Ft: 1824
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 118

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Type Of Parking: Detached Garage, Driveway

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
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 86700.00
  • Land Assessed Value: 773500.00
  • Lot Features: Irregular, Level
  • Lot Dimensions: 80x75 irr
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Topography: Level
  • Zoning: R-50
  • Zoning Description: R-50

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3021955
  • Tax Annual Amount: 8482.00
  • Assessor Parcel Number: 18-00007-11-00020-01
  • Tax Lot: 20.01
  • Tax Year: 2016
  • Close Date: 04/23/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2017
Closed on
Apr 23, 2018
Sold by
Coletto Peter and Coletto Tracie
Bought by
Js Lbi Real Estate Llc
Seller's Agent
Gina Laird
RE/MAX of Long Beach Island
Buyer's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$899,000
Sold Price
$875,000
Premium/Discount to List
-$24,000
-2.67%
Current Estimated Value
$1,934,578

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,059,578
Avg. Annual Appreciation
11.13%
Original Mortgage
$700,000
Outstanding Balance
$602,128
Interest Rate
4.45%
Mortgage Type
New Conventional
Estimated Equity
$1,332,450

Purchase Details

Closed on
Dec 9, 2006
Sold by
Garman W Thomas and Garman Tracie A
Bought by
Coletto Peter and Coletto Tracie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.29%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 22, 1998
Sold by
German W Thomas and Garman Tracie A
Bought by
Garman W Thomas
Source: Public Records

Range of Values:

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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
Js Lbi Real Estate Llc $875,000 --
Coletto Peter $800,000 Commonwealth Land Title Insu
Garman W Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Js Lbi Real Estate Llc $700,000
Previous Owner Coletto Peter $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2018 04/23/18 Sold $875,000 -2.7% $480 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
08/31/2017 08/31/17 For Sale $899,000 -- $493 / 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 $9,687 $1,084,800 $975,000 $109,800
2024 $9,622 $1,084,800 $975,000 $109,800
2023 $9,026 $1,084,800 $975,000 $109,800
2022 $9,026 $1,084,800 $975,000 $109,800
2021 $8,743 $1,084,800 $975,000 $109,800
2020 $8,584 $863,600 $773,500 $90,100
2019 $8,628 $860,200 $773,500 $86,700
2018 $8,370 $860,200 $773,500 $86,700
2017 $8,413 $860,200 $773,500 $86,700
2016 $8,482 $860,200 $773,500 $86,700
2015 $8,473 $860,200 $773,500 $86,700
2014 $8,267 $860,200 $773,500 $86,700
Source: Public Records

Agents Affiliated with this Home

  • Gina Laird

    Seller's Agent in 2018

    Gina Laird

    RE/MAX

    (609) 618-8390

    49 in this area

    82 Total Sales

    Gina Laird
    Section Image
  • Edward Freeman Sr

    Buyer's Agent in 2018

    Edward Freeman Sr

    RE/MAX

    (609) 661-5002

    336 in this area

    404 Total Sales

    Edward Freeman Sr
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJOC163392

Bright MLS

APN: 18-00007-11-00020-01

New Jersey Ocean County Beach Haven 08008 Long Beach Island

118 E Pennsylvania Ave, Beach Haven, NJ

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