NOT LISTED FOR SALE

Estimated Value: $2,635,890 - $3,874,000

-- Bed
2 Baths
1,920 Sq Ft
$1,574/Sq Ft Est. Value

Last Sold June 18, 2020

Last sale price $1,425,000 $742 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $18,969/month

205 Days on Market

Highlights

  • Ocean Front
  • Water Oriented
  • No HOA
  • Second Kitchen
  • Deck
  • Outdoor Shower

About This Home

As of June 2020

OCEANFRONT DUPLEX - 100 Feet of Ocean Frontage. Outstanding Views! Each spacious unit has 3 Bedrooms, 1-1/2 Baths, washer/dryer, dishwashers and more. This would make a great rental property or your own personal paradise to share with family and friends. Easy access on and off the island. Walk to all that Ship Bottom has to offer. It's all about the location!

Last Listed By

Gina Laird

RE/MAX of Long Beach Island Listed on: 10/07/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,435

Year Built

  • Built in 1950

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00
  • Ocean Front

Home Design

  • Duplex
  • Frame Construction

Interior Spaces

  • 1,920 Sq Ft Home
  • Ocean Views
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Second Kitchen
  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Deck

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 00004
  • Assessor Parcel Number 29-00057-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,435

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1950
  • Remarks Public: OCEANFRONT DUPLEX - 100 Feet of Ocean Frontage. Outstanding Views! Each spacious unit has 3 Bedrooms, 1-1/2 Baths, washer/dryer, dishwashers and more. This would make a great rental property or your own personal paradise to share with family and friends. Easy access on and off the island. Walk to all that Ship Bottom has to offer. It's all about the location!
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer/Dryer Stacked
  • Flooring Type: Carpet, Ceramic Tile, Vinyl
  • Interior Amenities: 2nd Kitchen
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Room Count: 10
  • Basement: No
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 781.25
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 140

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • View: Ocean
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 207100.00
  • Land Assessed Value: 966000.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4000.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2018
  • Zoning: R3

Rental Info

  • Units Furnished: Some
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3076191
  • Tax Annual Amount: 12435.00
  • Assessor Parcel Number: 29-00057-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 1920
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 06/18/2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2019
Closed on
Jun 17, 2020
Sold by
Petrick Gloria
Bought by
Vanviet Shaun and Vanviet Van Vliet
Seller's Agent
Gina Laird
RE/MAX of Long Beach Island
Buyer's Agent
Gina Laird
RE/MAX of Long Beach Island
List Price
$1,599,000
Sold Price
$1,425,000
Premium/Discount to List
-$174,000
-10.88%
Total Days on Market
205
Current Estimated Value
$3,022,973

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,597,973
Avg. Annual Appreciation
16.70%
Original Mortgage
$926,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2017
Sold by
Petrick Gloria
Bought by
Petrick Gloria

Purchase Details

Closed on
Dec 20, 2013
Sold by
Patrick Joseph and Patrick Gloria
Bought by
Petrick Joseph and Petrick Gloria

Range of Values:

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Average Value
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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
Vanviet Shaun $1,425,000 American Abstract Agency Llc
Petrick Gloria -- --
Petrick Joseph -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vanvliet Shaun $1,500,000
Closed Vanviet Shaun $926,250
Previous Owner Petrick Joseph $19,487
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2020 06/18/20 Sold $1,425,000 -5.0% $742 / Sq Ft
04/29/2020 04/29/20 Pending -- -- --
02/08/2020 02/08/20 Price Changed $1,500,000 -6.2% $781 / Sq Ft
10/07/2019 10/07/19 For Sale $1,599,000 -- $833 / Sq Ft
Source: Bright 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 $25,542 $2,223,000 $966,000 $1,257,000
2023 $23,542 $2,223,000 $966,000 $1,257,000
2022 $23,542 $2,223,000 $966,000 $1,257,000
2021 $10,182 $966,000 $966,000 $0
2020 $12,400 $1,173,100 $966,000 $207,100
2019 $12,411 $1,173,100 $966,000 $207,100
2018 $12,435 $1,173,100 $966,000 $207,100
2017 $11,625 $1,173,100 $966,000 $207,100
2016 $10,655 $962,500 $782,000 $180,500
2015 $10,395 $962,500 $782,000 $180,500
2014 $10,385 $962,500 $782,000 $180,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC391380

Bright MLS

APN: 29-00057-0000-00004