NOT LISTED FOR SALE

1403 Loretta Ave Mays Landing, NJ 08330

Estimated Value: $577,000 - $644,000

-- Bed
-- Bath
-- Sq Ft
0.53 Acres

Last Sold November 18, 2024

Last sale price $600,000

Est. 1% increase in value since last sale

Current estimated payment $4,012/month

50 Days on Market

Highlights

  • Living Room
  • Baseboard Heating
  • Dining Area

About This Home

As of November 2024

This property offers a unique opportunity to own a beautiful quadplex in Mays Landin this property offers 4units each 2 Bedroom 1 Bath with a great rental income. This property is legally zoned as a quadplex, providing the opportunity to generate extra income. You can live in one unit and rent out the other 3 units. This investment is an ideal for long-term tenants. The property features 2 good sized bedrooms and 1 bath in the each unit. All occupied by yearly leases. This is a unique opportunity that may be hard to come by again.

Last Agent to Sell the Property

Hamed Payandehfar

Century 21 Action Plus Realty - Northfield License #1434018 Listed on: 08/07/2024

Century 21 Action Plus Realty - Northfield

Last Buyer's Agent

Hamed Payandehfar

Century 21 Action Plus Realty - Northfield License #1434018 Listed on: 08/07/2024

Century 21 Action Plus Realty - Northfield

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,590

Lot Details

  • Lot Dimensions are 135 x 170

Home Design

  • Vinyl Siding

Interior Spaces

  • Living Room
  • Dining Area
  • Stove

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Gravel Driveway

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters
  • Gas Water Heater

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,590

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: 4 - 10 Units
  • Lvt Date: 08/07/2024
  • Allow Comsumer Comment: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove, Refrigerator
  • Other Rooms: Dining Area, Kitchen, Living Room

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Gravel
  • Parking Exterior: Two Car, Parking Pad

Utilities

  • Air Conditioner: Window Units
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 135 X 170

Rental Info

  • Rental Information: 100 Percent Occupancy, Yearly

Multi Family

  • Number Of Units: 4
  • Number Of2 Bedroom Units: 4
  • Separate Meters: Electric, Gas, Heat, Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Nov 18, 2024
Sold by
Pira Salih and Pira Blerim
Bought by
1403 Loretta Llc
Seller's Agent
Hamed Payandehfar
Century 21 Action Plus Realty - Northfield
Buyer's Agent
Hamed Payandehfar
Century 21 Action Plus Realty - Northfield
List Price
$649,900
Sold Price
$600,000
Premium/Discount to List
-$49,900
-7.68%
Views
25
Current Estimated Value
$604,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,825
Avg. Annual Appreciation
5.08%
Original Mortgage
$480,000
Outstanding Balance
$477,898
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$139,603

Purchase Details

Closed on
Apr 21, 2023
Sold by
Village Holdings Llc
Bought by
Pira Salih and Pira Blerim

Purchase Details

Closed on
Feb 24, 2020
Sold by
Grasso Francis G
Bought by
Village Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 21, 2000
Sold by
North Olga and Didenko Ludmilla
Bought by
Grasso Francis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.64%
Source: Public Records

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Range of Values:

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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
1403 Loretta Llc $600,000 Group 21 Title
Pira Salih $331,000 Surety Title
Village Holdings Llc $212,000 The Title Company
Grasso Francis G $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1403 Loretta Llc $480,000
Previous Owner Village Holdings Llc $230,000
Previous Owner Village Holdings Llc $160,000
Previous Owner Grasso Francis G $150,000
Previous Owner Grasso Francis G $102,000
Previous Owner Grasso Francis G $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $600,000 -7.7% --
09/26/2024 09/26/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $649,900 +8.3% --
08/21/2024 08/21/24 Off Market $600,000 -- --
08/07/2024 08/07/24 For Sale $649,900 -- --
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 $7,590 $268,300 $40,300 $228,000
2023 $7,276 $268,300 $40,300 $228,000
2022 $7,276 $268,300 $40,300 $228,000
2021 $7,295 $268,300 $40,300 $228,000
2020 $7,083 $268,300 $40,300 $228,000
2019 $6,877 $268,300 $40,300 $228,000
2018 $6,780 $268,300 $40,300 $228,000
2017 $6,812 $268,300 $40,300 $228,000
2016 $6,525 $268,300 $40,300 $228,000
2015 $6,249 $268,300 $40,300 $228,000
2014 $3,970 $110,500 $30,300 $80,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 587813

South Jersey Shore Regional MLS

APN: 23-00109-0000-00008