NOT LISTED FOR SALE

154 8th St Belford, NJ 07718

New Monmouth Neighborhood

Estimated Value: $509,000 - $616,000

3 Beds
2 Baths
1,380 Sq Ft
$409/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $352,500 $255 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,648/month

36 Days on Market

About This Home

As of December 2022

Money Maker 2 family located in Belford between Leonardville and Highway 36. Two units which are vacant with additional income from rental of one of the 2 garage bays on Oceanview. Needs updating, cleaning, cosmetic work. Can be rented out for income or live in 1 unit and rent the other unit out. Now is the time to find a buyer to make this into something which will produce good income either way. Close to schools, transportation and downtown Campbells Junction for neighborhood conveniences. Bus runs along Leonardville Road. Easy commuting to employment via bus along Highway 36, Ferry 10 minutes, train 10 minutes. Rental income was $3200 per month. Electric separate; Gas & Water apportioned between units.

Last Agent to Sell the Property

Beverly Bova Scarano

C21 Thomson & Co. License #7819684 Listed on: 10/05/2022

Last Buyer's Agent

Sarah Van Duzer

C21 Thomson & Co. License #2298655

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,292

Year Built

  • Built in 1928

Lot Details

  • Lot Dimensions are 50x100

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,380 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Stove

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Bayview Elementary School
  • Bayshore Middle School
  • Middle North High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant's possessions in Garage Bay which is rented for $500 per month
  • Assessor Parcel Number 32-00477-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,292

Year Built

Built in 1928

Lot Details

5,009 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1928
  • Contract Info List PriceSqFt: 303.62
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50x100
  • Location Middle School: Bayshore
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenant's possessions in Garage Bay which is rented for $500 per month

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Bayshore

Lot Info

  • Lot Dimensions: 50x100
  • Parcel #: 32-00477-0000-00008

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6292.0
  • Tax Other Annual Assessment Amount: 374600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Bayview
  • High School: Middle North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Dec 7, 2022
Sold by
Beaver Mary Ann
Bought by
Jbeam Llc
Seller's Agent
Beverly Bova Scarano
C21 Thomson & Co.
Buyer's Agent
Sarah Van Duzer
C21 Thomson & Co.
List Price
$429,000
Sold Price
$352,500
Premium/Discount to List
-$76,500
-17.83%
Views
18
Current Estimated Value
$564,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$212,126
Avg. Annual Appreciation
15.55%

Purchase Details

Closed on
Apr 28, 2015
Sold by
Beaver Irvin B and Beaver Mary Ann
Bought by
Beaver Mark Ann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jbeam Llc $352,500 Triton Title & Abstract
Jbeam Llc $352,500 Triton Title & Abstract
Beaver Mark Ann -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2022 12/09/22 Sold $352,500 -15.9% $255 / Sq Ft
10/19/2022 10/19/22 Price Changed $419,000 -2.3% $304 / Sq Ft
10/05/2022 10/05/22 For Sale $429,000 -- $311 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $8,906 $600,700 $317,400 $283,300
2024 $7,520 $541,400 $263,300 $278,100
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Beverly Bova Scarano

    C21 Thomson & Co.

    Section Image

  • S

    Buyer's Agent in 2022

    Sarah Van Duzer

    C21 Thomson & Co.

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22231261

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-00477-0000-00008

New Jersey Monmouth County Belford 07718 New Monmouth

154 8th St, Belford, NJ

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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