NOT LISTED FOR SALE

1709 Newman St Belmar, NJ 07719

Estimated Value: $812,000 - $1,046,000

4 Beds
3 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold February 04, 2019

Last sale price $460,000

Est. 108% increase in value since last sale

Current estimated payment $5,774/month

27 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • Level Lot
  • Shed
  • Storm Doors
  • 4-minute walk to Mitzi and Emily's Playground

About This Home

As of February 2019

Wonderful opportunity to own three separate cottages on one lot, only four blocks to the beach! Each bungalow offers a front porch and its own gas & electric meter. The two front bungalows (1709 & 1711) are 1BR, 1BA homes with gas heat and are rented for $1050 & $1150/month respectively. 1709 adds washer/dryer & recently renovated bathroom (completed 2017), while 1711's front porch was rebuilt in 2018. The largest unit (1709 1/2) is currently vacant, has a huge front porch, nice sized living room, attractive kitchen updated with granite countertops, washer/dryer in unit, electric heat & a large private fenced back yard with attractive paver patio & storage shed. This property is ideal for rental investment or vacation home. Live in one unit, rent the others to off-set expenses!

Last Agent to Sell the Property

Jacob Smith

Ward Wight Sotheby's International Realty Listed on: 11/21/2018

Last Buyer's Agent

Jeffrey Klein

Jeff Klein Realty License #7930781

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,433

Lot Details

  • Lot Dimensions are 50 x 113
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Triplex

Interior Spaces

  • 1-Story Property
  • Crawl Space
  • Storm Doors
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 46-00007-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,433

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 113
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Door(s): Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Dryer Hookup: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Unit 2 Washer Hookup2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No
  • Exterior Features: Storm Door(s)

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air, Other, See Remarks, Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes
  • Heating:Electric: Yes

Lot Info

  • Lot Dimensions: 50 x 113
  • Parcel #: 46-00007-0000-00004

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7433.0
  • Tax Other Annual Assessment Amount: 466900.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2019
Sold by
Defranco Daniel
Bought by
Newman Street Llc
Current Estimated Value
$957,682

Purchase Details

Listed on
Nov 21, 2018
Closed on
Feb 6, 2019
Sold by
Sokol Justin and Bhol Seema
Bought by
Defranco Daniel
Seller's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
Buyer's Agent
Jeffrey Klein
Jeff Klein Realty
Sold Price
$460,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.76%
Original Mortgage
$345,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 28, 2012
Closed on
Mar 20, 2013
Sold by
Eugene Donofrio Llc and Donofrio Eugene
Bought by
Sokol Justin
Seller's Agent
Brenda Foley
C21/ Worden & Green
Buyer's Agent
Brenda Connolly
The Connolly Agency
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$262,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2009
Sold by
Donofrio Eugene
Bought by
Eugene Donofrio Llc

Purchase Details

Closed on
Aug 18, 2006
Sold by
Miller Thomas
Bought by
Donofrio Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 26, 2005
Sold by
Brink Mark
Bought by
Miller Thomas and Miller Carolyn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 16, 2003
Sold by
Ford Thomas
Bought by
Brink Erin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$354,844
Interest Rate
5.82%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2003
Sold by
Curran Dennis
Bought by
Ford Thomas and Ford Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,000
Interest Rate
5.71%

Purchase Details

Closed on
Mar 31, 1999
Sold by
Indelicato Jay
Bought by
Curran Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.78%
Source: Public Records

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
Newman Street Llc -- Stewart Title Guaranty Co
Defranco Daniel $460,000 Evident Title Agency Inc
Sokol Justin $350,000 None Available
Eugene Donofrio Llc -- Commonwealth Land Title Insu
Donofrio Eugene $475,000 --
Miller Thomas $460,000 --
Brink Erin $368,000 --
Ford Thomas $309,250 --
Curran Dennis $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Defranco Daniel $345,000
Previous Owner Sokol Justin $262,500
Previous Owner Donofrio Eugene $380,000
Previous Owner Miller Thomas $345,000
Previous Owner Brink Erin $354,844
Previous Owner Ford Thomas $278,000
Previous Owner Curran Dennis $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2019 02/04/19 Sold $460,000 +31.4% --
04/12/2013 04/12/13 Sold $350,000 -- --
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
2024 $6,670 $824,200 $630,000 $194,200
2023 $6,670 $582,000 $399,200 $182,800
2022 $6,828 $541,800 $367,700 $174,100
2021 $7,075 $471,900 $317,000 $154,900
2020 $6,661 $467,100 $330,200 $136,900
2019 $7,075 $483,900 $348,600 $135,300
2018 $7,270 $466,900 $337,000 $129,900
2017 $7,433 $438,000 $316,200 $121,800
2016 $7,377 $418,200 $299,500 $118,700
2015 $8,627 $472,700 $343,000 $129,700
2014 $7,970 $468,800 $313,000 $155,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21842763

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 46-00007-0000-00004