NOT LISTED FOR SALE

124 Lake Terrace Bradley Beach, NJ 07720

Estimated Value: $1,307,000 - $1,491,000

2 Beds
2 Baths
2,560 Sq Ft
$535/Sq Ft Est. Value

Last Sold October 01, 2019

Last sale price $810,000 $316 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $8,297/month

80 Days on Market

Highlights

  • Ocean View
  • Lake On Lot
  • Wood Flooring
  • Lake Front
  • Custom Home
  • 3-minute walk to Bradle Beach Playground

About This Home

As of October 2019

This custom 2500 sq foot home in Bradley Beach features a spacious open floor plan. It's three open porches maximize both the lake and OCEANVIEWS! Located just one block to the beach, this 2 bedroom PLUS 12 x 10 DEN WITH CLOSET home features hardwood floors, cathedral ceilings with skylights, a double sided gas fireplace, two zone heat and central air, central vac and speakers for sound. Designer kitchen with granite surfaces and cherry cabinetry. Its proximity to the beach, Ocean Grove, and the shopping and nightlife in Asbury Park make this home your perfect Summer home or year round residence.

Last Agent to Sell the Property

Brenda Connolly

The Connolly Agency Brokerage Phone: 732-361-0800 License #0457043 Listed on: 05/20/2019

Last Buyer's Agent

Joseph York

Christie's Int'l RE Group License #1756367

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,233

Year Built

  • Built in 1997

Lot Details

  • Lot Dimensions are 22 x 92
  • Lake Front
  • Fenced

Home Design

  • Custom Home
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,560 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the upper level
  • Skylights
  • Recessed Lighting
  • Gas Fireplace
  • Thermal Windows
  • Sliding Doors
  • Family Room
  • Living Room
  • Dining Room with Fireplace
  • Den
  • Ocean Views
  • Crawl Space
  • Attic

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Parking

  • No Garage
  • Driveway with Pavers
  • Paver Block
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Lake On Lot
  • Patio
  • Porch

Schools

  • Bradley Beach Elementary And Middle School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08-00011-0000-00033

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,233

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Attribution Contact: 732-361-0800
  • ResoLotFeatures: Lake
  • Subdivision Name: None
  • Architectural Style: Custom
  • Reso Flooring: Ceramic Tile, Tile, Wood
  • Reso Interior Features: Attic, Ceilings - 9Ft+ 2nd Flr, Dec Molding, Den, Skylight, Sliding Door, Recessed Lighting
  • Year Built: 1997
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 22 x 92
  • General Property Info Farm: No
  • Location Middle School: Bradley Beach
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Interior Attic: Yes
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Foyer Two Story: Yes
  • Exterior Porch - Open: Yes
  • Interior Den: Yes
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • Living Room Fireplace - Gas7: Yes
  • Kitchen Floor - Ceramic4: Yes
  • Kitchen Sliding Door5: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Parking Paver Block: Yes
  • Living Room Sliding Door2: Yes
  • Floors Tile: Yes
  • Kitchen Skylight4: Yes
  • Lot Description Lake2: Yes
  • Water Type Lake: Yes
  • Living Room Skylight7: Yes
  • Dining Room Fireplace - Gas6: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Total Bedrooms: 7
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Basement:Crawl Space: Yes
  • Other Rooms:Den2: Yes
  • Features Interior:Skylight: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath:Tub: Yes
  • Primary Bedroom Level:First43: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Lake, Oceanview
  • Waterfront: Yes
  • Exterior Features: Fence, Patio, Porch - Open, Thermal Window
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paver Block, Driveway, Off Street, On Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 22 x 92
  • Parcel #: 08-00011-0000-00033

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10233.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Oct 1, 2019
Sold by
Merklinghaus Bruce and Merklinghaus Margaret
Bought by
Schreck Bob and Flynn Eileen
Seller's Agent
Brenda Connolly
The Connolly Agency
Buyer's Agent
Joseph York
Christie's Int'l RE Group
Sold Price
$810,000
Current Estimated Value
$1,368,824

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,824
Avg. Annual Appreciation
9.23%
Original Mortgage
$500,000
Outstanding Balance
$439,871
Interest Rate
3.6%
Estimated Equity
$928,953

Purchase Details

Closed on
Mar 5, 2007
Sold by
Merklinghaus Margaret
Bought by
Natale Leonard and Natale Gail
Source: Public Records

Range of Values:

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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
Schreck Bob $810,000 Oceanview Title Agency Llc
Natale Leonard $452,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schreck Bob $500,000
Previous Owner Merklinghaus Margaret A $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2019 10/01/19 Sold $810,000 -- $316 / 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 $10,753 $1,221,600 $666,500 $555,100
2024 $10,499 $1,172,600 $635,000 $537,600
2023 $10,499 $1,112,200 $606,900 $505,300
2022 $9,899 $944,100 $521,500 $422,600
2021 $9,899 $844,600 $426,300 $418,300
2020 $9,904 $810,500 $401,500 $409,000
2019 $10,000 $789,900 $456,100 $333,800
2018 $10,233 $739,400 $421,100 $318,300
2017 $11,012 $778,800 $421,100 $357,700
2016 $10,762 $769,800 $421,100 $348,700
2015 $10,526 $754,000 $421,100 $332,900
2014 $10,726 $775,000 $381,100 $393,900
Source: Public Records

Agents Affiliated with this Home

  • Brenda Connolly

    Seller's Agent in 2019

    Brenda Connolly

    The Connolly Agency

    (732) 272-7700

    19 in this area

    62 Total Sales

    Brenda Connolly
    Section Image
  • Joseph York

    Buyer's Agent in 2019

    Joseph York

    Christie's Int'l RE Group

    (848) 207-1495

    46 Total Sales

    Joseph York
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21916079

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00011-0000-00033

New Jersey Monmouth County Bradley Beach 07720

124 Lake Terrace, Bradley Beach, NJ

This home is located at 124 Lake Terrace, Bradley Beach, NJ 07720 since 20 May 2019 and is currently estimated at $1,368,824, approximately $534 per square foot. This property was built in 1997. 124 Lake Terrace is a home located in Monmouth County with nearby schools including Bradley Beach Elementary School, Hope Academy Charter School, and Our Lady of Mount Carmel School.

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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