NOT LISTED FOR SALE

1303 Ocean Terrace Seaside Heights, NJ 08751

Estimated Value: $769,000 - $1,719,000

11 Beds
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold March 08, 2019

Last sale price $759,000

Est. 75% increase in value since last sale

Current estimated payment $8,834/month

19 Days on Market

Highlights

  • Ocean View
  • Oceanside
  • Multiple cooling system units
  • Beach Access
  • Corner Lot

About This Home

As of March 2019

LARGE OCEAN TERRACE PROPERTY COMMERCIAL AND/OR RESIDENTIAL 80x92.50 SQ. FT. CONSISTING OF ONE FIVE-BEDROOM, TWO-BATH YEAR ROUND RENTAL AND THREE SUMMER TWO-BEDROOM ONE BATH SUMMER RENTALS. PROPERTY INCLUDES PARKING FOR TEN CARS LOCATED JUST STEPS TO BOARDWALK AND BEACH.

Last Agent to Sell the Property

Katherine Cerbone

Crossroads Realty Inc-Lavallette License #8543125 Listed on: 12/29/2018

Crossroads Realty Inc-Lavallette

Last Buyer's Agent

Katherine Cerbone

Crossroads Realty Inc-Lavallette License #8543125 Listed on: 12/29/2018

Crossroads Realty Inc-Lavallette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,831

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 80 x 92.50
  • Corner Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ocean Views

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 5 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Beach Access
  • Oceanside

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00057-0000-00007

Community Details

Overview

  • 4 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,831

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Corner Lot, Oceanside
  • Subdivision Name: None
  • Year Built: 1950
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 80 x 92.50
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 10.0
  • Exterior Beach Access2: Yes
  • Exterior Board Walk2: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 5
  • Total Bedrooms: 11
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Exterior Features: Beach Access, Board Walk
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open
  • Total Parking Spaces: 10.0
  • General Property Info:Garage: No
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 80 x 92.50
  • Parcel #: 27-00057-0000-00007
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 13831.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2018
Closed on
Feb 14, 2019
Sold by
Tompkins Richard G and Tompkins Mildred A
Bought by
1305 Ocean Sh Llc
Seller's Agent
Katherine Cerbone
Crossroads Realty Inc-Lavallette
Buyer's Agent
Katherine Cerbone
Crossroads Realty Inc-Lavallette
Sold Price
$759,000
Total Days on Market
19
Current Estimated Value
$1,325,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,339
Avg. Annual Appreciation
9.30%
Original Mortgage
$569,250
Outstanding Balance
$515,525
Interest Rate
5.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$809,814

Purchase Details

Closed on
May 12, 2011
Sold by
Tompkins George E and Tompkins Mildred
Bought by
Tompkins George E and Tompkins Mildred A

Purchase Details

Closed on
Aug 10, 2006
Sold by
Tompkins Realty
Bought by
Tompkins George E and Tompkins Mildred
Source: Public Records

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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
1305 Ocean Sh Llc $759,000 Fidelity National Ttl Ins Co
Tompkins George E -- None Available
Tompkins George E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1305 Ocean Sh Llc $569,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2019 03/08/19 Sold $759,000 -- --
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 $17,063 $648,800 $444,000 $204,800
2023 $16,226 $648,800 $444,000 $204,800
2022 $16,226 $648,800 $444,000 $204,800
2021 $15,695 $648,800 $444,000 $204,800
2020 $15,753 $648,800 $444,000 $204,800
2019 $15,279 $648,800 $444,000 $204,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21848004

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00057-0000-00007