NOT LISTED FOR SALE

118 W Swordfish Way Lavallette, NJ 08735

Estimated Value: $657,073 - $718,000

2 Beds
1 Bath
520 Sq Ft
$1,313/Sq Ft Est. Value

Last Sold November 01, 2024

Last sale price $675,000 $1,298 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,363/month

20 Days on Market

Highlights

  • Community Beach Access
  • Deck
  • Cottage
  • Property is near an ocean
  • Wood Flooring
  • Air Conditioning

About This Home

As of November 2024

Charming Investment Property Near the Beach - Ideal for AirBnB Welcome to your perfect beach getaway! This cozy yet spacious two-bedroom home, located just two blocks from the beach, offers an incredible opportunity as an investment property, already proven as a successful AirBnB rental. With weekly summer rental income, it's a dream for anyone looking to capitalize on vacation demand.
Situated on owned land and FEMA compliant, this home offers peace of mind while providing all the conveniences of home. Sunlight pours into the space, creating a warm and inviting atmosphere perfect for relaxing after a day by the water. Step outside to enjoy the deck and outdoor shower, a perfect way to wind down after a day at the beach. The property also features a two-car driveway, making it convenient for guests, and is just a short walking distance to the beachno need to worry about parking! Whether you're looking for a personal beach retreat or a lucrative vacation rental, this home checks all the boxes.

Last Listed By

Deborah Mara

RE/MAX Homeland Realtors License #1329326 Listed on: 09/06/2024

RE/MAX Homeland Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,007

Year Built

  • Built in 1952

Lot Details

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

HOA Fees

  • $60 Monthly HOA Fees

Home Design

  • Cottage
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Wood Flooring
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Outdoor Shower
  • Property is near an ocean
  • Deck

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 08-01109-10-00020

Community Details

Overview

  • Ocean Beach Subdivision

Recreation

  • Community Beach Access
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,007

Year Built

Built in 1952

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Ocean Block
  • Reso Association Amenities: Beach, Association
  • Inclusions: AC Units, Washer, Window Treatments, Blinds/Shades, Dishwasher, Dryer, Electric Cooking, Microwave, Stove, Refrigerator
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • Reso Flooring: Cement
  • Reso Interior Features: Sliding Door
  • Year Built: 1952
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 50 x 32
  • Dining Room Floor - Wood3: Yes
  • Water Heater Electric2: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Included BlindsShades: Yes
  • Included Electric Cooking: Yes
  • Number Appliances Included A C Units: Yes
  • Included Window Treatments: Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • ExteriorOutdoorShower: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: 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:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.04
  • Waterfront: No
  • Exterior Features: Deck, Outdoor Shower
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:Gravel2: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 724.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Dimensions: 50 x 32
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 08-01109-10-00020
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6007.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Oct 25, 2024
Sold by
Ferraro Lauren Mary
Bought by
Huster John Anthony and Huster Gina Verrone
Seller's Agent
Deborah Mara
RE/MAX Homeland Realtors
Buyer's Agent
Rosanna Verrone-Morse
Coldwell Banker Realty
List Price
$675,000
Sold Price
$675,000
Total Days on Market
20
Views
65
Current Estimated Value
$682,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,518
Avg. Annual Appreciation
0.43%
Original Mortgage
$506,250
Outstanding Balance
$504,754
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$171,709

Purchase Details

Listed on
Oct 15, 2021
Closed on
Mar 15, 2022
Sold by
Todaro and Sara
Bought by
Ferraro Lauren Mary
Seller's Agent
Joan Kylish
Coldwell Banker Realty
Buyer's Agent
Deborah Mara
RE/MAX Homeland Realtors
List Price
$564,900
Sold Price
$570,000
Premium/Discount to List
$5,100
0.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.64%
Original Mortgage
$548,050
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2016
Closed on
Oct 23, 2016
Sold by
Wnek Louis G and Wnek Kimberly
Bought by
Todaro Jack and Todaro Sara
Seller's Agent
Deborah Castronuovo
Weichert Realtors-Normandy Bch
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%

Purchase Details

Closed on
May 26, 2005
Sold by
Gannon Michael
Bought by
Wnek Louis and Wnek Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,920
Interest Rate
5.83%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 30, 1998
Sold by
Gannon Dolores
Bought by
Gannon Michael and Gannon Dolores

Purchase Details

Closed on
Nov 11, 1998
Sold by
Gabrielson Patricia
Bought by
Gannon Dolores

Range of Values:

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Average Value
Not Available
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
Huster John Anthony $675,000 Two Rivers Title
Ferraro Lauren Mary $570,000 Scott Title Services
Todaro Jack $345,000 --
Wnek Louis $389,900 Old Republic Title
Gannon Michael -- --
Gannon Dolores $41,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huster John Anthony $506,250
Previous Owner Ferraro Lauren Mary $548,050
Previous Owner Wnek Louis G $320,000
Previous Owner Wnek Louis $311,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2024 11/01/24 Sold $675,000 0.0% $1,298 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $675,000 +18.4% $1,298 / Sq Ft
03/18/2022 03/18/22 Sold $570,000 +0.9% --
10/15/2021 10/15/21 For Sale $564,900 +63.7% --
10/28/2016 10/28/16 Sold $345,000 -- --
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 $6,007 $347,000 $252,000 $95,000
2023 $5,791 $347,000 $252,000 $95,000
2022 $5,791 $347,000 $252,000 $95,000
2021 $5,160 $206,000 $146,600 $59,400
2020 $5,138 $206,000 $146,600 $59,400
2019 $4,915 $206,000 $146,600 $59,400
2018 $4,849 $206,000 $146,600 $59,400
2017 $4,808 $206,000 $146,600 $59,400
2016 $4,187 $184,200 $146,600 $37,600
2015 $3,289 $150,400 $146,600 $3,800
2014 $3,131 $150,400 $146,600 $3,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22425769

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01109-10-00020