NOT LISTED FOR SALE

Estimated Value: $586,000 - $839,000

5 Beds
3 Baths
1,765 Sq Ft
$405/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $640,000 $363 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,533/month

49 Days on Market

Highlights

  • Deck
  • 0.5 Car Attached Garage
  • Shed
  • Corner Lot
  • Cooling Available
  • Ceramic Tile Flooring

About This Home

As of April 2024

Legal 2-family home situated on a spacious plot extending block to block on a dual corner lot. 1st floor unit has 3 bedrooms, 2 full baths, laundry area, and an eat-in kitchen that is open to the living room. A deck overlooks the large, landscaped yard. 2nd floor unit has 2 bedrooms, 1 full bath, kitchen, living and dining rooms plus a covered outdoor veranda. There is a shed and additional storage next to the half car garage where the 2nd washer & dryer are located. Two driveways offer plenty of off-street parking. Just moments to both Spring Lake & Belmar beaches, marinas on the Shark River, parks, and downtown shops & restaurants.

Last Agent to Sell the Property

Jamie Paradise

RE/MAX Bay Point Realtors License #0336173 Listed on: 12/06/2023

RE/MAX Bay Point Realtors

Last Buyer's Agent

Judy Eggert

Petillo Eggert Realty, LLC License #1221704

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,673

Year Built

  • Built in 1940

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 74x115x105x107
  • Corner Lot
  • Level Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,765 Sq Ft Home
  • 2-Story Property
  • Stove

Flooring

  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 0.5 Car Attached Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Schools

  • West Belmar Elementary School
  • Wall Intermediate
  • Wall High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, yard maintenance, water, snow removal, sewer, heat, gas, electricity
  • Assessor Parcel Number 52-00045-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,673

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Corner Lot, Level
  • Subdivision Name: None
  • Reso Flooring: Linoleum, Ceramic Tile, Other
  • Year Built: 1940
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 74x115x105x107
  • Location Middle School: Wall Intermediate
  • Lot Description Corner Lot: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • ExteriorDeck: Yes
  • Floors Linoleum: 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 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.19
  • Waterfront: No
  • Exterior Features: Deck
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 0.5
  • Parking Features: Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Wall Intermediate

Lot Info

  • Lot Dimensions: 74x115x105x107
  • Lot Size Sq Ft: 8276.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 52-00045-0000-00001
  • Zoning Description: Single Family, Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Yard Maintenance, Water, Snow Removal, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7673.0
  • Tax Other Annual Assessment Amount: 367300.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: West Belmar
  • High School: Wall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2023
Closed on
Mar 27, 2024
Sold by
Ferrier Brett M and Ferrier Evan N
Bought by
1908 Cottage Llc
Seller's Agent
Jamie Paradise
RE/MAX Bay Point Realtors
Buyer's Agent
Judy Eggert
Petillo Eggert Realty, LLC
List Price
$699,900
Sold Price
$640,000
Premium/Discount to List
-$59,900
-8.56%
Views
154
Current Estimated Value
$714,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,671
Avg. Annual Appreciation
8.61%
Original Mortgage
$544,000
Outstanding Balance
$538,410
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$178,885

Purchase Details

Listed on
Aug 8, 2021
Closed on
Oct 28, 2021
Sold by
Nikola Kenneth F and Estate Of Lawrence E Nikola
Bought by
Ferrier Brett M and Ferrier Evan N
Seller's Agent
Marlene Mango
Diane Turton, Realtors-Brick
Buyer's Agent
Marlene Mango
Diane Turton, Realtors-Brick
List Price
$459,999
Sold Price
$437,500
Premium/Discount to List
-$22,499
-4.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.95%
Original Mortgage
$306,250
Interest Rate
3.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
1908 Cottage Llc $640,000 Title Protection Group
Ferrier Brett M $437,500 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1908 Cottage Llc $544,000
Previous Owner Ferrier Brett M $306,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $640,000 -8.6% $363 / Sq Ft
01/24/2024 01/24/24 Pending -- -- --
12/06/2023 12/06/23 For Sale $699,900 +60.0% $397 / Sq Ft
10/28/2021 10/28/21 Sold $437,500 -4.9% $248 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/08/2021 08/08/21 For Sale $459,999 +5.1% $261 / Sq Ft
08/07/2021 08/07/21 Off Market $437,500 -- --
08/02/2021 08/02/21 For Sale $459,999 -- $261 / 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
2024 $7,673 $367,300 $189,900 $177,400
2023 $7,673 $367,300 $189,900 $177,400
2022 $7,048 $367,300 $189,900 $177,400
2021 $7,048 $348,200 $189,900 $158,300
2020 $6,957 $348,200 $189,900 $158,300
2019 $6,877 $348,200 $189,900 $158,300
2018 $6,800 $348,200 $189,900 $158,300
2017 $6,665 $348,200 $189,900 $158,300
2016 $6,501 $348,200 $189,900 $158,300
2015 $6,466 $217,200 $92,900 $124,300
2014 $6,229 $214,200 $89,900 $124,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22333325

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 52-00045-0000-00001