NOT LISTED FOR SALE

1719 Newman St Belmar, NJ 07719

Estimated Value: $669,000 - $1,234,000

2 Beds
1 Bath
1,571 Sq Ft
$671/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $995,000 $633 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,381/month

30 Days on Market

Highlights

  • Storm Windows
  • Shed
  • Multiple cooling system units

About This Home

As of December 2022

Close to Ocean, Lake and Downtown 3 UNIT-GREAT RENTAL HISTORY Maximize income with this perfect Airbnb property in Excellent location in Lake Como. East of Main and just blocks to the beach, clubs, restaurants, shopping and entertainment. Three separate houses on one lot. Front house 2 bedroom, poss. Living room/dining room combo, large kitchen and bath with full basement with inside and outside entrance, washer/dryer, covered front porch Second house - perfect cottage featuring 1 bedroom, LR Kitchen, full bath and covered front porch- Third house one bedroom, living room, kitchen and full bath. Outside shower. Off street parking. Room to add additional parking. Separate utilities, rear houses share water meter. Meticulously maintained with pride of ownership. Not in flood zone

Last Agent to Sell the Property

Helena Loelius

Sitar Realty Company License #8633017 Listed on: 10/17/2022

Co-Listed By

Tracy Galik

Sitar Realty Company License #0789976

Last Buyer's Agent

Cynthia Makowski Fagan

Gloria Nilson & Co. Real Estate

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,517

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 105

Home Design

  • Asphalt Rolled Roof

Interior Spaces

  • 1,571 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

  • Belmar Elementary School

Utilities

  • Multiple cooling system units
  • Central Air
  • Furnace
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenant belongings
  • Assessor Parcel Number 46-00007-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,517

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Co List Office Mls Id: 1540
  • Co List Office Phone: 732-449-2000
  • Subdivision Name: None
  • Year Built: 1930
  • Contract Info List PriceSqFt: 732.02
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 105
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Storm Window: Yes
  • Exterior Storm Door(s): Yes
  • Roof Timberline: Yes
  • Cooling Multi Units: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: 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 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Water Heater3: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space, Full
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.12
  • Waterfront: No
  • Exclusions: Tenant belongings
  • Exterior Features: Storm Door(s), Storm Window

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units, Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 105
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 46-00007-0000-00008
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6517.0
  • Tax Other Annual Assessment Amount: 516500.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Belmar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2022
Closed on
Jan 11, 2023
Sold by
Mulcahy Sean and Mulcahy Jacqueline
Bought by
1719 Newman Street Llc
Seller's Agent
Helena Loelius
Sitar Realty Company
Buyer's Agent
Cynthia Makowski Fagan
Gloria Nilson & Co. Real Estate
List Price
$1,150,000
Sold Price
$995,000
Premium/Discount to List
-$155,000
-13.48%
Views
26
Current Estimated Value
$1,053,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,424
Avg. Annual Appreciation
1.97%

Purchase Details

Listed on
Oct 17, 2022
Closed on
Dec 7, 2022
Sold by
Renzi Anthony J
Bought by
Mulcahy Sean and Mulcahy Jacqueline
Seller's Agent
Helena Loelius
Sitar Realty Company
Buyer's Agent
Cynthia Makowski Fagan
Gloria Nilson & Co. Real Estate
List Price
$1,150,000
Sold Price
$995,000
Premium/Discount to List
-$155,000
-13.48%
Views
26
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
1719 Newman Street Llc -- Prestige Title
1719 Newman Street Llc -- Prestige Title
Mulcahy Sean $995,000 Prestige Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2022 12/16/22 Sold $995,000 -13.5% $633 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $1,150,000 -- $732 / 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 $10,004 $917,500 $698,300 $219,200
2024 $7,313 $895,600 $687,500 $208,100
2023 $7,313 $638,100 $440,000 $198,100
2022 $6,517 $516,500 $364,500 $152,000
2021 $6,517 $450,400 $315,000 $135,400
2020 $6,420 $450,200 $317,500 $132,700
2019 $6,825 $466,800 $335,200 $131,600
2018 $7,296 $468,600 $342,000 $126,600
2017 $7,519 $443,100 $320,000 $123,100
2016 $7,769 $440,400 $320,000 $120,400
2015 $9,127 $500,100 $337,500 $162,600
2014 $8,318 $489,300 $307,500 $181,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22232454

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 46-00007-0000-00008