NOT LISTED FOR SALE

14 Lighthouse Dr Brigantine, NJ 08203

Estimated Value: $555,331 - $805,000

Studio
-- Bath
2,336 Sq Ft
$272/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $659,500 $282 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,825/month

7 Days on Market

About This Home

As of August 2023

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.

Last Agent to Sell the Property

Donna Obrien

KELLER WILLIAMS REALTY-MEDFORD Listed on: 07/13/2023

KELLER WILLIAMS REALTY-MEDFORD

Last Buyer's Agent

Jill Santandrea

EXIT Realty Defined

EXIT Realty Defined

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,223

Home Design

  • Duplex
  • Asbestos Siding

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Siding Exterior: Asbestos

Utilities

  • Air Conditioner: Central
  • Heating: Forced Air
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2024
Sold by
Bota Investments Llc
Bought by
Walker Christopher A and Walker Mary C
Current Estimated Value
$634,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,920
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2024
Sold by
Bota Investments Llc
Bought by
Gooley Sean and Gooley Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$471,920
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2023
Sold by
Bota Investments Llc
Bought by
14 Lighthouse Drive Condominium

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
9.6%

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 31, 2023
Sold by
Clark James J
Bought by
Bota Investments Llc
Seller's Agent
Donna Obrien
KELLER WILLIAMS REALTY-MEDFORD
Buyer's Agent
Jill Santandrea
EXIT Realty Defined
List Price
$599,000
Sold Price
$659,500
Premium/Discount to List
$60,500
10.1%
Views
121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.62%
Original Mortgage
$200,000
Interest Rate
9.6%

Purchase Details

Closed on
May 29, 2003
Sold by
Shazad Liaqat
Bought by
Clark James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,400
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 23, 1990
Sold by
Clark Barton P
Bought by
Shazad Liaqat
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
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 --
Source: Public Records

Mortgage History

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
Source: Public Records

Property History

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
Source: South Jersey Shore Regional MLS

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 $6,093 $324,100 $215,100 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 575846

South Jersey Shore Regional MLS

APN: 03-04700-0000-00132