NOT LISTED FOR SALE

120 W Penguin Way Lavallette, NJ 08735

Dover Beaches North Neighborhood

Estimated Value: $583,000 - $705,429

2 Beds
1 Bath
520 Sq Ft
$1,217/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $295,000 $567 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $4,174/month

12 Days on Market

Highlights

  • Community Beach Access
  • Cottage
  • Patio
  • Clubhouse
  • Air Conditioning
  • Community Playground

About This Home

As of October 2019

Lowest-priced, owned land home in Ocean Beach! Cute and well-maintained cottage with open floor plan, air conditioners in great room and each bedroom, newer kitchen and floors, tiled bath and slider to paver patio. Home was deemed substantially damaged after Sandy so does have to be raised to new FEMA standards. In this location you can go high enough to walk under so there will be 520 square feet of space for storage and entertaining. Sold mostly furnished so just move in!

Last Agent to Sell the Property

Angela Serio

Ocean Beach Sales License #0125329 Listed on: 09/14/2019

Last Buyer's Agent

Anna Fiore

RE/MAX Revolution License #1968631

RE/MAX Revolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,397

Year Built

  • Built in 1959

Lot Details

  • Lot Dimensions are 50 x 32

HOA Fees

  • $55 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Light Fixtures
  • Blinds
  • Window Screens

Kitchen

  • Gas Cooktop
  • Stove
  • Microwave

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Patio
  • Outdoor Gas Grill

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Space Heater
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Couch
  • Assessor Parcel Number 08-01109-13-00022

Community Details

Overview

  • Ocean Beach Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Beach
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,397

Year Built

Built in 1959

Lot Details

0

HOA Fees

$55 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Reso Association Amenities: Beach, Association, Clubhouse, Playground
  • Inclusions: AC Units, Blinds/Shades, Light Fixtures, Microwave, Stove, Refrigerator, Screens, Gas Grill, Gas Cooking
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • New Construction: No
  • Year Built: 1959
  • 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
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 32
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Common Elements Clubhouse: Yes
  • Number Appliances Included A C Units: Yes
  • Included Screens: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Common Elements Playground: Yes
  • Dining Room Floor - Laminate7: Yes
  • Included Gas Grill: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: Yes
  • Living Room Floor - Ceramic2: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bath:Shower Stall: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Couch
  • Exterior Features: Patio
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Natural Gas, Space Heater
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association Fee: 659.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Dimensions: 50 x 32
  • Parcel #: 08-01109-13-00022
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4397.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2019
Closed on
Oct 29, 2019
Sold by
Molinski Edward M and Palmeri Janice
Bought by
Reilly Colin Russell O and Reilly Sara Beth O
Seller's Agent
Angela Serio
Ocean Beach Sales
Buyer's Agent
Anna Fiore
RE/MAX Revolution
Sold Price
$295,000
Current Estimated Value
$632,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$337,857
Avg. Annual Appreciation
13.57%
Original Mortgage
$232,000
Outstanding Balance
$204,505
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$428,352

Purchase Details

Closed on
Apr 25, 2016
Sold by
Molinski Edward M
Bought by
Molinski Edward M and Palmeri Janice

Purchase Details

Closed on
May 15, 1985
Bought by
Molinski Mary
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
Reilly Colin Russell O $290,000 None Available
Molinski Edward M $186,800 --
Molinski Mary $80,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reilly Colin Russell O $232,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2019 10/29/19 Sold $295,000 -- $567 / Sq Ft
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 $9,680 $531,600 $252,000 $279,600
2024 $9,202 $531,600 $252,000 $279,600
2023 $8,872 $531,600 $252,000 $279,600
2022 $8,872 $531,600 $252,000 $279,600
2021 $5,574 $222,500 $146,600 $75,900
2020 $3,656 $146,600 $146,600 $0
2019 $4,457 $186,800 $146,600 $40,200
2018 $4,397 $186,800 $146,600 $40,200
2017 $4,360 $186,800 $146,600 $40,200
2016 $4,246 $186,800 $146,600 $40,200
2015 $4,085 $186,800 $146,600 $40,200
2014 $3,889 $186,800 $146,600 $40,200
Source: Public Records

Agents Affiliated with this Home

  • Angela Serio

    Seller's Agent in 2019

    Angela Serio

    Ocean Beach Sales

    (908) 770-7741

    135 in this area

    151 Total Sales

    Angela Serio
    Section Image
  • Anna Fiore

    Buyer's Agent in 2019

    Anna Fiore

    RE/MAX

    55 in this area

    104 Total Sales

    Anna Fiore
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21937831

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01109-13-00022

New Jersey Ocean County Lavallette 08735 Dover Beaches North

120 W Penguin Way, Lavallette, NJ

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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