NOT LISTED FOR SALE

16 Lake Dr Oceanport, NJ 07757

Estimated Value: $727,000 - $933,000

5 Beds
2 Baths
2,160 Sq Ft
$398/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $779,000 $361 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,344/month

12 Days on Market

Highlights

  • Deck
  • 1 Car Detached Garage
  • Forced Air Heating and Cooling System
  • Wolf Hill Elementary School Rated A-
  • Shed
  • Fenced

About This Home

As of November 2023

Rare find! Two-family home in desirable Oceanport! Featuring 3 bedroom, 1 bath, lower level unit with hardwood floors, fresh paint and access to full basement. Second apartment occupies entire top floor and has 2 bedrooms, 1 full bath, hardwood floors, open layout, large eat-in kitchen with center island and sliding doors to rear deck. Home boasts spacious, fenced in lot, two sheds, oversized detached garage. Won't last. Home currently does not have any tenants.

Last Agent to Sell the Property

Amy Peak Jengo

RE/MAX Elite License #0344539 Listed on: 10/17/2023

RE/MAX Elite

Last Buyer's Agent

Michael Silva

Nest Seekers New Jersey, LLC License #1971813

Nest Seekers New Jersey, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,330

Year Built

  • Built in 1949

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 136 x 103
  • Fenced

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Shed

Schools

  • Wolf Hill Elementary School
  • Maple Place Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 38-00088-0000-00028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,330

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Interior Features: Attic - Pull Down Strs
  • New Construction: No
  • Year Built: 1949
  • Contract Info List PriceSqFt: 360.65
  • 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: 136 x 103
  • Location Middle School: Maple Place
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Exterior Shed3: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.32
  • Waterfront: No
  • Exterior Features: Deck, Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Detached
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Maple Place

Lot Info

  • Lot Dimensions: 136 x 103
  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 38-00088-0000-00028
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 9330.0
  • Tax Other Annual Assessment Amount: 553000.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Wolf Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Nov 28, 2023
Sold by
Arran Jacqueline
Bought by
Demelo Adalberto J
Seller's Agent
Amy Peak Jengo
RE/MAX Elite
Buyer's Agent
Michael Silva
Nest Seekers New Jersey, LLC
List Price
$779,000
Sold Price
$779,000
Views
72
Current Estimated Value
$859,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,619
Avg. Annual Appreciation
4.97%
Original Mortgage
$584,250
Outstanding Balance
$574,440
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$285,179
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
Demelo Adalberto J $779,000 Scott Title Services
Demelo Adalberto J $779,000 Scott Title Services
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demelo Adalberto J $584,250
Closed Demelo Adalberto J $584,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/28/2023 11/28/23 Sold $779,000 0.0% $361 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/17/2023 10/17/23 For Sale $779,000 -- $361 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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
2025 $9,858 $760,100 $370,200 $389,900
2024 $9,202 $624,300 $325,200 $299,100
2023 $9,202 $553,000 $295,200 $257,800
2022 $8,913 $512,100 $285,200 $226,900
2021 $8,913 $481,000 $265,200 $215,800
2020 $8,542 $467,300 $255,200 $212,100
2019 $8,103 $449,900 $245,200 $204,700
2018 $8,006 $447,500 $245,200 $202,300
2017 $8,313 $385,400 $179,000 $206,400
2016 $8,368 $390,500 $188,000 $202,500
2015 $7,741 $385,300 $188,000 $197,300
2014 $7,584 $383,100 $208,000 $175,100
Source: Public Records

Agents Affiliated with this Home

  • Amy Peak Jengo

    Seller's Agent in 2023

    Amy Peak Jengo

    RE/MAX

    (732) 870-6300

    1 in this area

    52 Total Sales

    Amy Peak Jengo
    Section Image

  • M

    Buyer's Agent in 2023

    Michael Silva

    Nest Seekers New Jersey, LLC

    (201) 225-8655

    1 in this area

    7 Total Sales

    Michael Silva
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22328969

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 38-00088-0000-00028

New Jersey Monmouth County Oceanport 07757

16 Lake Dr, Oceanport, 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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