$325,000
SOLD MAR 7, 2025
-- Bed
-- Bath
2,720 Sq Ft
2,396 Sq Ft Lot

Recently Sold

$119 Per Sq Ft

7% Below List Price

72 Days on Market

Highlights

  • Deck
  • Patio
  • Laundry Room
  • Porch
  • Living Room
  • Baseboard Heating

About This Home

As of March 2025

The money maker! This recently renovated duplec features a two story 4bdrom unit and a ground floor 3bdrm unit. Upstairs currently has tenants in place, and the ground floor is currently vacant, newly renovated, CO ready, no stairs and no carpet, has tiled flooring throughout the whole unit. Freshly painted and newer kitchen cabinets, counters, and applicances. Plenty of parking along the side of the property as well as street parking. Tenants only pay Electric! Both units are Section 8 approved, even the three bedroom is large enough for a family of 8!! At this price along with the new rents for 2025, this property is being sold a 15-18% Cap Rate!!! Unheard of gains for a duplex!!! Super low taxes, low maintanace property! Income and Expenses are available up request to qualified buyers. This property sits on a large L shaped lot that may be subdividable, a Survey is also available upon request to qualified buyers. The property also has its Lead Free Cretificate issued by the State allready in place. This is a legal duplex, and approved Land Uses are allready in place with the City. There should be no issues at all with this property, this is basically a turn key investment for beginners and experienced landlords alike!!

Last Agent to Sell the Property

Gerard Barker

WEICHERT REALTORS ASBURY GROUP-AC License #0566410 Listed on: 11/27/2024

WEICHERT REALTORS ASBURY GROUP-AC

Last Buyer's Agent

Christopher Ponteri

3DX Real Estate, LLC License #0452966

3DX Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,626

Year Built

  • Built in 1910

Home Design

  • Duplex
  • Stucco

Interior Spaces

  • Living Room
  • Dining Area
  • Crawl Space
  • Laundry Room

Kitchen

  • Self-Cleaning Oven
  • Stove

Parking

  • 3 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Deck
  • Patio
  • Porch

Utilities

  • Baseboard Heating
  • Separate Meters
  • Electric Water Heater

Community Details

Overview

  • 2 Units

Recreation

  • Community Boardwalk

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,626

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 11/27/2024
  • Year Built: 1910
  • Allow Comsumer Comment: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Electric Stove, Refrigerator, Self Cleaning Oven
  • Basement: Crawl Space
  • Other Rooms: Dining Area, Kitchen, Laundry/Utility Rm, Living Room, Pantry

Exterior Features

  • Outside Features: Curbs, Deck, Patio, Porch, Sidewalks
  • Siding Exterior: Stucco

Garage/Parking

  • Driveway: Gravel
  • Parking Exterior: Three Or More Cars

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Electric

Lot Info

  • Location: Boardwalk Area
  • Lot Dimensions: 25 x 95 irr

Multi Family

  • Number Of Units: 2
  • Number Of3 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1
  • Separate Meters: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 23, 2022
Sold by
1816 Hummock Ave Llc
Bought by
Manopla Aaron
Seller's Agent
Jo Ann Daly
Re/Max Select
Buyer's Agent
Carly Thomson
Re/Max Select

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
5.11%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 17, 2021
Closed on
Sep 30, 2021
Sold by
Us Bank National Association
Bought by
1816 Hummock Ave Llc
Seller's Agent
Jo Ann Daly
Re/Max Select
Buyer's Agent
Jo Ann Daly
Re/Max Select
List Price
$75,000
Sold Price
$76,000
Premium/Discount to List
$1,000
1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.95%

Purchase Details

Closed on
Mar 23, 2021
Sold by
Romano Anthony
Bought by
U S Bank National Association and Velocity Commercial Cap Loan Tr 2018 2

Purchase Details

Closed on
Mar 1, 2018
Sold by
Cr Ent Group Llc
Bought by
Cir Ent Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
May 5, 2017
Closed on
Jun 5, 2017
Sold by
1420 Arkansas Llc
Bought by
Cir Intprise Llc
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
THELMA RICE
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
List Price
$18,000
Sold Price
$18,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.77%

Purchase Details

Listed on
May 5, 2017
Closed on
May 9, 2017
Sold by
Balles Frank X
Bought by
1420 Arkansas Llc
Seller's Agent
Gerard Barker
WEICHERT REALTORS ASBURY GROUP-AC
Buyer's Agent
THELMA RICE
KELLER WILLIAMS REALTY ATLANTIC SHORE-Northfield
List Price
$18,000
Sold Price
$18,000

Purchase Details

Closed on
Sep 2, 2003
Sold by
Guadagnino Louis
Bought by
Mamun Mohammed and Mamun Rina Laila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.02%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 14, 2002
Sold by
Shannon Bernard and Shannon Juanita
Bought by
Guadagnino Louis G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
6.58%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed -- New Title Company Name
Deed $76,000 Traynor Gerard W
Sheriffs Deed $1,000 None Available
Deed -- Pure Title Llc
Deed $18,000 None Available
Sheriffs Deed $6,100 None Available
Deed $150,000 --
Deed $150,000 The Title Company Of Jersey
Deed $85,000 Commonwealth Land Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $203,000 New Conventional
Previous Owner $133,000 Commercial
Previous Owner $184,000 Unknown
Previous Owner $135,000 Unknown
Previous Owner $76,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Price Changed $1,800 -14.3% --
04/14/2025 04/14/25 Price Changed $2,100 -8.7% --
03/12/2025 03/12/25 For Rent $2,300 0.0% --
03/07/2025 03/07/25 Sold $325,000 -7.1% $119 / Sq Ft
02/07/2025 02/07/25 Pending -- -- --
01/23/2025 01/23/25 For Sale $349,900 0.0% $129 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
01/03/2025 01/03/25 Price Changed $349,900 -12.5% $129 / Sq Ft
12/04/2024 12/04/24 Price Changed $399,900 0.0% $147 / Sq Ft
11/27/2024 11/27/24 For Sale $400,000 0.0% $147 / Sq Ft
05/13/2022 05/13/22 Rented -- -- --
03/25/2022 03/25/22 For Rent $1,650 -17.5% --
03/01/2022 03/01/22 Rented -- -- --
12/09/2021 12/09/21 For Rent $2,000 0.0% --
10/14/2021 10/14/21 Sold $76,000 +1.3% $28 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $75,000 +316.7% $28 / Sq Ft
06/06/2017 06/06/17 Sold $18,000 0.0% $7 / Sq Ft
05/22/2017 05/22/17 Pending -- -- --
05/05/2017 05/05/17 For Sale $18,000 -- $7 / Sq Ft
Source: South Jersey Shore Regional 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 $4,626 $134,000 $31,300 $102,700
2023 $5,061 $134,000 $31,300 $102,700
2022 $5,061 $134,000 $31,300 $102,700
2021 $5,227 $134,000 $31,300 $102,700
2020 $5,272 $134,000 $31,300 $102,700
2019 $5,179 $130,000 $40,000 $90,000
2018 $4,593 $130,000 $40,000 $90,000
2017 $7,906 $231,100 $100,000 $131,100
2016 $8,920 $231,100 $100,000 $131,100
2015 $7,908 $231,100 $100,000 $131,100
2014 $7,737 $231,100 $100,000 $131,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Jersey Shore Regional MLS

MLS Number: 591120

South Jersey Shore Regional MLS

APN: 02-00470-0000-00002