Seller's Agent in 2021
Theresa Jensen
Mary Allen Realty, Inc.
(609) 494-0700
11 in this area
15 Total Sales
138 E 15th St Ship Bottom, NJ 08008
Long Beach Island NeighborhoodEstimated Value: $2,004,000 - $4,234,419
Studio
2
Baths
4,140
Sq Ft
$838/Sq Ft
Est. Value
Highlights
- 100 Feet of Waterfront
- Open Floorplan
- Cathedral Ceiling
- Ocean View
- Coastal Architecture
- Main Floor Bedroom
About This Home
As of September 2021Warm LBI breezes and oceanfront fun awaits! Newly Renovated Oceanfront, Multi Family property 100 feet of waterfront! Identical reversed living side by side townhomes allows a perfect living space to capture sweeping views of the Atlantic ocean and spectacular sunrises that are special to LBI!. TWO income producing units. The upper level has an open floor plan, cathedral living, kitchen and dining area, sliders to let the sunshine in and get those views, a half bath along with a Master Suite that includes a full private double vanity bathroom. The upper deck provides plenty of space for outdoor dining and lounging area with amazing views of the beach and ocean! Lower level in each unit has a second living /family room with a slider that goes out to a covered deck, 3 more bedrooms ( one of the bedrooms shares the covered deck via a slider as well.) and a full bath. Amazing ocean views throughout this retreat! Each unit has its own washer/dryer on the lower level. 2 Outside showers, one for each unit. The South unit has a large garage. Currently rents for $6100. Per unit in peak season but could easily bring in $6500. Or more. Gross combined rental income for 2021 season is $213,300. for Location, Location, Location! Located in Ship Bottom, where you can walk to restaurants ,shopping, ice cream, and mini golf, yet in a quieter part of town and right on the ocean! You have options... whether you want to stay in one side and rent out the other OR rent both units out you can’t go wrong with this property! All you need are you bags, everything else stays! Call today to schedule your appointment you wont be dissappointed!
Last Agent to Sell the Property
(609) 494-0700 theresaj@maryallen.com Mary Allen Realty, Inc. Listed on: 05/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $19,759
Year Built
- Built in 1988 | Remodeled in 2020
Lot Details
- 8,000 Sq Ft Lot
- Lot Dimensions are 80.00 x 100.00
- 100 Feet of Waterfront
- Ocean Front
- Home fronts navigable water
- Corner Lot
- Property is in very good condition
Parking
- 2 Car Attached Garage
- Driveway
Property Views
- Ocean
- Panoramic
Home Design
- Duplex
- Coastal Architecture
- Reverse Style Home
- Frame Construction
- Shingle Roof
- Wood Siding
- Piling Construction
Interior Spaces
- 4,140 Sq Ft Home
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Insulated Windows
- Window Treatments
- Sliding Doors
- Combination Kitchen and Dining Room
- Ceramic Tile Flooring
Kitchen
- Gas Oven or Range
- Self-Cleaning Oven
- Built-In Microwave
- Dishwasher
- Stainless Steel Appliances
- Upgraded Countertops
Bedrooms and Bathrooms
- Main Floor Bedroom
- Walk-in Shower
Outdoor Features
- Outdoor Shower
- Water Access
- Property is near an ocean
Schools
- Long Beach Island Grade Elementary School
- Southern Regional Middle School
- Southern Regional High School
Utilities
- Forced Air Heating and Cooling System
- Ductless Heating Or Cooling System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- 2 Units
- Ship Bottom Subdivision
Listing and Financial Details
- Tax Lot 00002
- Assessor Parcel Number 29-00067-00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 28, 2021
Closed on
Sep 23, 2021
Sold by
Powers That Be Llc
Bought by
Sheldon Lbi Llc
Seller's Agent
Theresa Jensen
Mary Allen Realty, Inc.
Buyer's Agent
Samantha Johnson-Leonberger
BHHS Zack Shore REALTORS
List Price
$3,499,000
Sold Price
$3,100,000
Premium/Discount to List
-$399,000
-11.4%
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
$367,855
Avg. Annual Appreciation
2.65%
Purchase Details
Listed on
May 9, 2018
Closed on
Jan 9, 2020
Sold by
Doyle Augustine X and Macfarlane June S
Bought by
Powers That Be Llc
Seller's Agent
Willy Kahl
Jersea Realty, LLC - SB
Buyer's Agent
Theresa Jensen
Mary Allen Realty, Inc.
List Price
$2,800,000
Sold Price
$2,030,000
Premium/Discount to List
-$770,000
-27.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.66%
Original Mortgage
$1,200,000
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 2000
Sold by
Awad Theodore
Bought by
Doyle Augustine and Mac Fariane June
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,300
Interest Rate
8.14%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sheldon Lbi Llc | $3,100,000 | Elite Title Group Llc | |
| Powers That Be Llc | $2,030,000 | Westcor Land Title Ins Co | |
| Doyle Augustine | $539,000 | -- | |
| -- | $561,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Powers That Be Llc | $1,200,000 | |
| Previous Owner | -- | $377,300 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/23/2021 09/23/21 | Sold | $3,100,000 | 0.0% | $749 / Sq Ft | |
| 06/21/2021 06/21/21 | Price Changed | $3,100,000 | -11.4% | $749 / Sq Ft | |
| 05/28/2021 05/28/21 | For Sale | $3,499,000 | +72.4% | $845 / Sq Ft | |
| 01/17/2020 01/17/20 | Sold | $2,030,000 | -27.5% | $490 / Sq Ft | View Prior Sale |
| 11/18/2019 11/18/19 | Pending | -- | -- | -- | |
| 05/09/2018 05/09/18 | For Sale | $2,800,000 | -- | $676 / Sq Ft |
Source: Bright MLS
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 |
|---|---|---|---|---|
| 2025 | $22,741 | $1,887,200 | $1,364,000 | $523,200 |
| 2024 | $21,684 | $1,887,200 | $1,364,000 | $523,200 |
Source: Public Records
Agents Affiliated with this Home
-
Theresa Jensen
-
Samantha Johnson-Leonberger
Buyer's Agent in 2021
Samantha Johnson-Leonberger
BHHS Zack Shore REALTORS
(609) 891-7740
5 in this area
24 Total Sales
-
Nancy Remini
Buyer Co-Listing Agent in 2021
Nancy Remini
BHHS Zack Shore REALTORS
(646) 296-9663
7 in this area
22 Total Sales
-
Willy Kahl
Seller's Agent in 2020
Willy Kahl
Jersea Realty, LLC - SB
(609) 709-1020
26 in this area
30 Total Sales
-
Robert Keeler
Seller Co-Listing Agent in 2020
Robert Keeler
Jersea Realty, LLC - SB
(609) 744-3588
5 in this area
7 Total Sales
Map
Source: Bright MLS
MLS Number: NJOC410052
APN: 29-00067-0000-00002
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