NOT LISTED FOR SALE

1320 Wickapecko Dr Ocean, NJ 07712

Wanamassa Neighborhood

Estimated Value: $521,000 - $721,000

4 Beds
2 Baths
1,240 Sq Ft
$522/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $550,000 $444 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,166/month

25 Days on Market

Highlights

  • 1 Fireplace
  • 3 Car Garage
  • 1-Story Property
  • Zoned Heating

About This Home

As of January 2022

MUST SEE this charming Wanamassa property offering 2 homes on 1 lot, less than 2 miles to the BEACH. This is a RARE legal two family. Each home offers 2 bedrooms, 1 bath. The front house has been updated with a newer kitchen and bath. Cozy fireplace in the living room. Full basement and attic. The back house has an apartment above the large 3 car garage. Live in one unit and rent out the other. Separate gas and electric meters too!

Last Agent to Sell the Property

Elizabeth Giordano

RE/MAX Gateway License #0014771 Listed on: 11/15/2021

RE/MAX Gateway

Last Buyer's Agent

Dennis Freshnock

RE/MAX First Class License #1007236

RE/MAX First Class

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,603

Year Built

  • Built in 1931

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140

Parking

  • 3 Car Garage

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: personal property in both houses, 2 refrigerators in front house, back house washing machine
  • Tenant pays for heat, gas, electricity
  • The owner pays for yard maintenance, sewer
  • Assessor Parcel Number 37-00111-0000-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,603

Year Built

Built in 1931

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • Year Built: 1931
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 140
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Cooling Single Zone Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 1
  • Full Basement: Yes

Exterior Features

  • Acres: 0.16
  • Waterfront: No
  • Exclusions: personal property in both houses, 2 refrigerators in front house, back house washing machine

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 3.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 140
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 37-00111-0000-00011
  • Zoning Description: Non-Conforming
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Sewer

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 8603.0
  • Tax Other Annual Assessment Amount: 438200.0

Multi Family

  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2021
Closed on
Jan 19, 2022
Sold by
Prusakov and Tatiana
Seller's Agent
Elizabeth Giordano
RE/MAX Gateway
Buyer's Agent
Dennis Freshnock
RE/MAX First Class
List Price
$494,000
Sold Price
$550,000
Premium/Discount to List
$56,000
11.34%
Current Estimated Value
$647,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,318
Avg. Annual Appreciation
4.20%
Original Mortgage
$440,000
Outstanding Balance
$407,794
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$239,524

Purchase Details

Closed on
May 31, 2006
Sold by
Basriyev Kamil
Bought by
Prusakov Igor and Bouniaeva Tatiana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2003
Sold by
Gasper Lesley
Bought by
Basriyev Kamiol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,400
Interest Rate
5.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
-- $550,000 Fidelity National Title
Prusakov Igor $425,000 --
Basriyev Kamiol $206,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open -- $440,000
Previous Owner Prusakov Igor $382,500
Previous Owner Basriyev Kamiol $185,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2022 01/21/22 Sold $550,000 +11.3% $444 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
11/15/2021 11/15/21 For Sale $494,000 -10.2% $398 / Sq Ft
11/12/2021 11/12/21 Off Market $550,000 -- --
11/01/2021 11/01/21 For Sale $494,000 -- $398 / 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 $9,370 $684,800 $394,000 $290,800
2024 $9,126 $644,900 $360,700 $284,200
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Giordano

    Seller's Agent in 2022

    Elizabeth Giordano

    RE/MAX

    (732) 822-6602

    3 in this area

    114 Total Sales

    Elizabeth Giordano
    Section Image
  • Dennis Freshnock

    Buyer's Agent in 2022

    Dennis Freshnock

    RE/MAX

    (908) 601-6692

    1 in this area

    89 Total Sales

    Dennis Freshnock
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22135536

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 37-00111-0000-00011

New Jersey Monmouth County Ocean 07712 Wanamassa

1320 Wickapecko Dr, Ocean, NJ

Not Listed for Sale

MultiFamily

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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