NOT LISTED FOR SALE

1616 Lake Ave Point Pleasant Beach, NJ 08742

Point Pleasant Beach Neighborhood

Estimated Value: $847,000 - $915,000

0.16 Acre
$5,506,250 Price per Acre
6,970 Sq Ft Lot

Last Sold August 13, 2024

Last sale price $785,000

Est. 12% increase in value since last sale

Current estimated payment $5,309/month

20 Days on Market

About This Lot

As of August 2024

Point Pleasant Beach - Vacant lot is located just 1 block from the beach in the desirable southern section of Point Pleasant Beach in the private beach association of Bayhead Pointe, bordering Bay Head. Irregular shaped leveled lot is 101 ft. by 80 ft. by 100 ft. by 60 ft. and is being sold with an approved variance for a nearly 2,400 square foot home. Lot provides room for a pool. Come see what makes Point Pleasant Beach so special with a thriving downtown, Jenkinson's Boardwalk, Pleasure Park, & train station connecting through to New York City.

Last Agent to Sell the Property

Jeffrey Childers

Childers Sotheby's Intl Realty License #0895595 Listed on: 07/02/2024

Last Buyer's Agent

Jeffrey Childers

Childers Sotheby's Intl Realty License #0895595 Listed on: 07/02/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,914

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 102 x 80 x100 x 61
  • Irregular Lot
  • Wooded Lot

Schools

  • Antrim Elementary School
  • Point Pleasant Beach High School

Utilities

  • Electricity To Lot Line
  • Gas Available at Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 26-00179-02-00013-06

Property Details

Property Type

Land

Est. Annual Taxes

$7,914

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Irregular Lot, Wooded
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Acreage: 0.16
  • General Property Info Lot Dimensions: 102 x 80 x100 x 61
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Gas At Street3: Yes
  • Lot Description Irregular Lot: Yes
  • Lot Description Wooded: Yes
  • Electric On Site2: Yes
  • Cable On Site: Yes
  • Special Features: None

Exterior Features

  • Acres: 0.16
  • Waterfront: No

Lot Info

  • Lot Dimensions: 102 x 80 x100 x 61
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-00179-02-00013-06
  • Zoning Description: Single Family, Residential, Has Variance
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7914.0

MLS Schools

  • Elementary School: Antrim
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 9, 2024
Sold by
V & M Realty Enterprises Llc
Bought by
Cohen Bruce R and Cohen Elaine M
Seller's Agent
Jeffrey Childers
Childers Sotheby's Intl Realty
Buyer's Agent
Jeffrey Childers
Childers Sotheby's Intl Realty
List Price
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Views
12
Current Estimated Value
$881,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,000
Avg. Annual Appreciation
8.85%

Purchase Details

Closed on
Mar 1, 2002

Purchase Details

Closed on
Aug 19, 1994
Sold by
Seaside Shoals Inc
Bought by
Brancatella Vito and Brancatella Marie
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
Cohen Bruce R $785,000 Green Hill Title
Cohen Bruce R $785,000 Green Hill Title
-- -- --
Brancatella Vito $89,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2024 08/13/24 Sold $785,000 -1.8% --
07/22/2024 07/22/24 Pending -- -- --
07/02/2024 07/02/24 For Sale $799,000 -- --
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 $8,161 $475,000 $475,000 --
2024 $7,914 $475,000 $475,000 $0
2023 $7,690 $475,000 $475,000 $0
2022 $7,690 $475,000 $475,000 $0
2021 $7,519 $475,000 $475,000 $0
2020 $7,510 $475,000 $475,000 $0
2019 $8,353 $535,800 $535,800 $0
2018 $8,225 $535,800 $535,800 $0
2017 $4,261 $282,000 $282,000 $0
2016 $4,281 $282,000 $282,000 $0
2015 $4,247 $282,000 $282,000 $0
2014 $4,227 $282,000 $282,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeffrey Childers

    Seller's Agent in 2024

    Jeffrey Childers

    Childers Sotheby's Intl Realty

    (732) 779-3087

    8 in this area

    162 Total Sales

    Jeffrey Childers
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22418687

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 26-00179-02-00013-06

New Jersey Ocean County Point Pleasant Beach 08742 Point Pleasant Beach

1616 Lake Ave, Point Pleasant Beach, NJ

Not Listed for Sale

Lots

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