NOT LISTED FOR SALE

1254 Pine Tree Way Belmar, NJ 07719

Estimated Value: $849,000 - $964,000

4 Beds
2 Baths
1,980 Sq Ft
$459/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $520,000 $263 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $5,452/month

19 Days on Market

About This Home

As of February 2020

Meticulously maintained 2 Family Home in Belmar. Each unit has 2 bedrooms and 1 Bath. This is an Incredible opportunity to own a spacious 2 family in Red Hot Belmar! Rent both units or live in one while collecting income on the other. Separate gas, electric and water meters. Centrally located near highways and public transportation. Enjoy all that Belmar has to offer with its many restaurants, shops and activities. Walk to town, short drive or bike ride to beautiful Belmar Beach and marina were you can enjoy fabulous sunrises and sunsets.

Last Agent to Sell the Property

Stacey Farinacci

Resources Real Estate Brokerage Phone: 732-212-0440 License #1861578 Listed on: 01/03/2020

Last Buyer's Agent

Megan Schnurr

Ocean Pointe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,335

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 50 x 136

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Basement
  • Crawl Space

Schools

  • Belmar Middle School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for water, sewer, heat, gas, electricity
  • Assessor Parcel Number 07-00230-0000-00028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,335

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Attribution Contact: 732-212-0440
  • Subdivision Name: None
  • Year Built: 1979
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 136
  • Location Middle School: Belmar
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

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

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 136
  • Parcel #: 07-00230-0000-00028

Rental Info

  • Tenant Pays: Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4335.0
  • Tax Other Annual Assessment Amount: 351000.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Feb 6, 2020
Sold by
Kernis Lawrence J and Kernis Tammi M
Bought by
Lemig Brian
Seller's Agent
Stacey Farinacci
Resources Real Estate
Buyer's Agent
Megan Schnurr
Ocean Pointe
Sold Price
$520,000
Current Estimated Value
$909,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,182
Avg. Annual Appreciation
10.88%
Original Mortgage
$364,000
Outstanding Balance
$325,706
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$583,476

Purchase Details

Closed on
Mar 31, 1994
Sold by
Citicorp Mtg
Bought by
Kernis Lawrence and Luttman Tammi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
7.6%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Lemig Brian $520,000 Oceanview Title Agency Llc
Kernis Lawrence $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lemig Brian $364,000
Previous Owner Kernis Lawrence J $100,000
Previous Owner Kernis Lawrence $121,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $520,000 -- $263 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
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 $5,170 $367,700 $214,000 $153,700
2023 $5,170 $367,700 $214,000 $153,700
2022 $4,990 $367,700 $214,000 $153,700
2021 $4,990 $367,700 $214,000 $153,700
2020 $4,721 $351,000 $214,000 $137,000
2019 $4,721 $351,000 $214,000 $137,000
2018 $4,335 $351,000 $214,000 $137,000
2017 $4,230 $351,000 $214,000 $137,000
2016 $4,900 $256,400 $87,000 $169,400
2015 $4,728 $246,400 $77,000 $169,400
2014 $5,155 $266,400 $97,000 $169,400
Source: Public Records

Agents Affiliated with this Home

  • Stacey Farinacci

    Seller's Agent in 2020

    Stacey Farinacci

    Resources Real Estate

    (732) 996-9621

    1 in this area

    38 Total Sales

    Stacey Farinacci
    Section Image

  • M

    Buyer's Agent in 2020

    Megan Schnurr

    Ocean Pointe

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21946070

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00230-0000-00028

New Jersey Monmouth County Belmar 07719

1254 Pine Tree Way, Belmar, NJ

This home is located at 1254 Pine Tree Way, Belmar, NJ 07719 since 03 January 2020 and is currently estimated at $909,182, approximately $459 per square foot. This property was built in 1979. 1254 Pine Tree Way is a home located in Monmouth County with nearby schools including Belmar Elementary School, St. Rose Grammar School, and St Rose High 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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