Seller's Agent in 2023
Donna Obrien
KELLER WILLIAMS REALTY-MEDFORD
(609) 306-3162
3 in this area
35 Total Sales
Estimated Value: $555,331 - $805,000
LOCATION LOCATION!!! Welcome to 14 Lighthouse Drive, this is a multi-family rental property located in the quiet beach town of Brigantine, New Jersey. The best part- BOTH UNITS ARE BEING SOLD TOGETHER FOR THE AMAZING PRICE OF 599K! Within walking distance to the beach, this versatile residence presents an excellent opportunity for investors seeking a profitable rental income or those looking for a unique living arrangement as it is perfect for multifamily situations. Recent sale of updated similar properties next door shows each individual unit selling for approximately $570K each this year. This truly is a great opportunity here! This property is being sold in "as-is" condition with interior work and updating needed for both units. The properties are in the process of being cleared out and will be a clean slate for someone to come in and make this their own! The age of the “big ticket” items are as follows: • Roof- approximately 10 years • HVAC- approximately 10 years (Separate Central A/C units for each property)- has been converted to gas The property is a great investment opportunity for those looking to buy at a good price and bring this diamond in the rough back to life. The property has great potential to be transformed into a stunning single-family home, accommodate out-of-town guests, have 2 rental properties or a combination of both. This is a great opportunity for someone looking to purchase a shore property for amazing value! This property features two units, each offering comfortable living spaces. Both units have 3 bedrooms and 1.5 bathrooms. Each primary bedroom (on both floors) have access to a half bath with the Jack and Jill concept giving access to the full bath from both the hall and primary bedroom. The second unit offers a similar layout, has its own separate entrance, living area, kitchen, and bedrooms. This arrangement provides flexibility for renting out both units separately or using one as a guest suite or in-law apartment as each have their own private entrance. Both units have decks off the main living area. A great place to meet after spending the day at the beach. With separate heating and cooling systems, each tenant can control their own comfort throughout the seasons. Additionally, there is ample parking available for residents and guests. With the right vision and expertise, this property could be transformed into a beautiful home or a profitable investment. Don't miss this opportunity. Buyers must do their due diligence as they will be responsible for the CO and any costs associated with it. The seller will not make any repairs. The fence behind the property is in the process of being replaced by neighboring property. This will be completed within a few weeks.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Walker Christopher A | $589,900 | Trident Land Transfer | |
| Gooley Sean | $590,000 | Trident Land Transfer | |
| 14 Lighthouse Drive Condominium | -- | None Listed On Document | |
| Bota Investments Llc | $659,900 | Fidelity National Title | |
| Clark James | $293,000 | -- | |
| Clark James J | $293,000 | Commonwealth Land Title Insu | |
| Shazad Liaqat | $142,500 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Walker Christopher A | $471,920 | |
| Previous Owner | Gooley Sean | $472,000 | |
| Previous Owner | Bota Investments Llc | $200,000 | |
| Previous Owner | Bota Investments Llc | $400,000 | |
| Previous Owner | Clark James J | $234,400 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2023 08/31/23 | Sold | $659,500 | +10.1% | $282 / Sq Ft |
| 07/20/2023 07/20/23 | Pending | -- | -- | -- |
| 07/13/2023 07/13/23 | For Sale | $599,000 | -- | $256 / Sq Ft |
| 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 | $6,093 | $324,100 | $215,100 | $109,000 |
Seller's Agent in 2023
Donna Obrien
KELLER WILLIAMS REALTY-MEDFORD
(609) 306-3162
3 in this area
35 Total Sales
Buyer's Agent in 2023
Jill Santandrea
EXIT Realty Defined
(856) 207-0018
3 in this area
324 Total Sales
Source: South Jersey Shore Regional MLS
MLS Number: 575846
APN: 03-04700-0000-00132