120 W Penguin Way Lavallette, NJ 08735
Estimated Value: $566,000 - $728,604
2
Beds
1
Bath
520
Sq Ft
$1,211/Sq Ft
Est. Value
Highlights
- Community Beach Access
- Cottage
- Patio
- Clubhouse
- Air Conditioning
- Community Playground
About This Home
As of October 2019Lowest-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!
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
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
Total Days on Market
12
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,901
Avg. Annual Appreciation
14.28%
Original Mortgage
$232,000
Interest Rate
3.7%
Mortgage Type
New Conventional
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
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Similar Homes in Lavallette, NJ
Home Values in the Area
Average Home Value in this Area
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 | Oreilly Colin Russell | $200,000 | |
| Open | Reilly Colin Russell O | $360,000 | |
| Closed | Reilly Colin Russell O | $232,000 | |
| Previous Owner | Molinski Mary P | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/29/2019 10/29/19 | Sold | $295,000 | -- | $567 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $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
168 Total Sales
-
Anna Fiore
Buyer's Agent in 2019
Anna Fiore
RE/MAX
103 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21937831
APN: 08-01109-13-00022
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Information is deemed reliable but not guaranteed.
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