NOT LISTED FOR SALE

Estimated Value: $1,360,000 - $2,098,000

-- Bed
4 Baths
2,544 Sq Ft
$737/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $1,525,000 $599 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $11,243/month

7 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • Upgraded Countertops
  • More Than Two Accessible Exits
  • Main Floor Bedroom
  • Skylights
  • Outdoor Shower

About This Home

As of January 2022

Steps From The Beach, a Rare Barnegat Light Opportunity, One Off the Beach on a 50 x 125 Lot! This is a One-of-a-kind Duplex with Updated 3 BR and 2 1/2 BTHs Units! These Units Amaze With High-End Appliances, Kitchens with Granite Countertops, Each Unit Equipped with Their Own Washer/ Dryer, Outdoor Shower and Storage Area! The First Unit Has 3 BR and 2 Full BTHs on the Ground Level with the Living Room, Kitchen, and 1/2 BTH on the Second Level, and a Huge Bedroom Loft on the Third Floor. The Second Unit Has 3 BR, 2 Full BTHs on the First Floor, and the Living Room, Dining Room, Kitchen and 1/2 BTH on the Second Floor. This Unique Property Also Has a Main Deck and Rooftop Deck for Endless Views, and Large Backyard.

Last Listed By

Matthew Garabedian

Garabedian Realty Group, LLC Listed on: 12/10/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,957

Year Built

  • Built in 1970

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50 x 125
  • Building is oceanfront but unit may not have water views
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • Main Floor Bedroom
  • 2,544 Sq Ft Home
  • Skylights
  • Recessed Lighting

Kitchen

  • Stove
  • Dishwasher
  • Kitchen Island
  • Upgraded Countertops

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Outdoor Shower

Community Details

  • 2 Units
  • Barnegat Light Subdivision

Listing and Financial Details

  • Tax Lot 00021
  • Assessor Parcel Number 02-00027-00021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,957

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: See attachment in Documents.
  • New Construction: No
  • Year Built: 1970
  • Automatically Close On Close Date: No
  • Remarks Public: Steps From The Beach, a Rare Barnegat Light Opportunity, One Off the Beach on a 50 x 125 Lot! This is a One-of-a-kind Duplex with Updated 3 BR and 2 1/2 BTHs Units! These Units Amaze With High-End Appliances, Kitchens with Granite Countertops, Each Unit Equipped with Their Own Washer/ Dryer, Outdoor Shower and Storage Area! The First Unit Has 3 BR and 2 Full BTHs on the Ground Level with the Living Room, Kitchen, and 1/2 BTH on the Second Level, and a Huge Bedroom Loft on the Third Floor. The Second Unit Has 3 BR, 2 Full BTHs on the First Floor, and the Living Room, Dining Room, Kitchen and 1/2 BTH on the Second Floor. This Unique Property Also Has a Main Deck and Rooftop Deck for Endless Views, and Large Backyard.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
  • Interior Amenities: Entry Level Bedroom, Kitchen - Island, Recessed Lighting, Skylight(s), Upgraded Countertops
  • Foundation Details: Slab
  • Basement: No
  • Total Sq Ft: 2544
  • Living Area Sq Ft: 2544
  • Price Per Sq Ft: 589.23
  • Above Grade Finished Sq Ft: 2544
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 17

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 416900.00
  • Land Assessed Value: 575000.00
  • Lot Features: Level
  • Lot Size Acres: 0.14
  • Lot Dimensions: 50 x 125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6250.00
  • Year Assessed: 2020
  • Zoning: R-B

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2826185
  • Tax Annual Amount: 8957.00
  • Assessor Parcel Number: 02-00027-00021
  • Tax Lot: 00021
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/28/2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Jan 24, 2022
Sold by
Wins 1 Llc
Bought by
Higgins Michael and Obrien Geraldine M
Seller's Agent
Matthew Garabedian
Garabedian Realty Group, LLC
Buyer's Agent
Joy Luedtke
Joy Luedtke Real Estate, LLC
List Price
$1,499,000
Sold Price
$1,525,000
Premium/Discount to List
$26,000
1.73%
Total Days on Market
7
Current Estimated Value
$1,875,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,849
Avg. Annual Appreciation
6.50%
Original Mortgage
$75,000
Outstanding Balance
$71,036
Interest Rate
4.42%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,804,813

Purchase Details

Closed on
Mar 12, 2021
Sold by
Parga Gulmar J and Parga Denise
Bought by
Win 1 Llc

Purchase Details

Listed on
Jan 15, 2018
Closed on
Jan 22, 2019
Sold by
Finkel Bonnie and Ryan Christopher
Bought by
Parga Gulmar J and Parga Denise
Seller's Agent
Alicia Marzarella
BHHS Zack Shore REALTORS
Buyer's Agent
William Kelly
Chambers and Lackey Realty
List Price
$1,050,000
Sold Price
$810,000
Premium/Discount to List
-$240,000
-22.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.26%
Original Mortgage
$567,000
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 18, 2004
Sold by
Gumpper David and Gumpper Emily
Bought by
Ryan Christopher and Ryan Cynthia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.87%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 16, 2003
Sold by
White Joseph
Bought by
Gumpper David and Ryan Christopher

Purchase Details

Closed on
Jun 16, 2000
Sold by
Gibson James
Bought by
White Joseph and White Doris

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,700
Interest Rate
8.48%

Purchase Details

Closed on
Dec 18, 1995
Sold by
Kitson Edward
Bought by
Gibson James and Gibson Janis

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
7.31%

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
Higgins Michael $1,525,000 University Title
Win 1 Llc $1,175,000 Elite Title Group Llc
Parga Gulmar J $810,000 Surety Title Co
Ryan Christopher $300,000 Realty Guardian-Direct Title
Gumpper David $810,000 --
White Joseph $589,000 --
Gibson James $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Higgins Michael J $75,000
Open Higgins Michael $1,084,700
Previous Owner Parga Gulmar J $567,000
Previous Owner Ryan Christopher $250,000
Previous Owner Ryan Christopher $650,000
Previous Owner White Joseph $252,700
Previous Owner Gibson James $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/28/2022 01/28/22 Sold $1,525,000 +1.7% $599 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
12/10/2021 12/10/21 For Sale $1,499,000 +85.1% $589 / Sq Ft
01/25/2019 01/25/19 Sold $810,000 -22.9% $318 / Sq Ft
08/18/2018 08/18/18 Pending -- -- --
01/15/2018 01/15/18 For Sale $1,050,000 -- $413 / 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 $10,111 $1,134,800 $575,000 $559,800
2023 $9,385 $1,134,800 $575,000 $559,800
2022 $9,385 $1,134,800 $575,000 $559,800
2021 $8,828 $991,900 $575,000 $416,900
2020 $8,957 $991,900 $575,000 $416,900
2019 $8,630 $991,900 $575,000 $416,900
2018 $8,481 $991,900 $575,000 $416,900
2017 $8,778 $991,900 $575,000 $416,900
2016 $8,550 $991,900 $575,000 $416,900
2015 $8,243 $991,900 $575,000 $416,900
2014 $8,961 $991,300 $575,000 $416,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2005232

Bright MLS

APN: 02-00027-0000-00021