NOT LISTED FOR SALE

Estimated Value: $1,265,216 - $1,638,000

4 Beds
2 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold November 25, 2020

Last sale price $690,000

Est. 105% increase in value since last sale

Current estimated payment $8,304/month

14 Days on Market

Highlights

  • Oceanside
  • Fireplace
  • Heating Available

About This Home

As of November 2020

OCEANSIDE DUPLEX! Bright, turn-key home with 4 bedrooms and 2 bathrooms, just steps away from the beach and conveniently located near shops and restaurants. Each floor has a living room and kitchen, with the first floor boasting a fireplace and the second floor featuring a deck overlooking the spacious backyard where you'll find an outdoor shower, large storage shed, gas grill, and a fire pit to enjoy those cool evenings. The external staircase allows you to rent each unit separately, although it is currently rented as a 4 bedroom single family home,with rental income in 2020 over $29,000. Don't miss this opportunity to enjoy a piece of LBI with a duplex that allows you to stay in one unit while renting the other!

Last Agent to Sell the Property

Melinda Morrow

Better Homes and Gardens Real Estate Murphy & Co License #1647923 Listed on: 09/11/2020

Better Homes and Gardens Real Estate Murphy & Co

Last Buyer's Agent

Pat Sepanak

Sand Dollar Real Estate License #7866818

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,828

Year Built

  • Built in 1950

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 40 x 80

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Oceanside

Utilities

  • Heating Available
  • Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: 2 Televisions
  • Assessor Parcel Number 18-00012-14-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,828

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • Year Built: 1950
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 80
  • WaterSewer Public Water: Yes
  • Water Heater Tank: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.07
  • Waterfront: No
  • Exclusions: 2 Televisions

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Lot Info

  • Lot Dimensions: 40 x 80
  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 18-00012-14-00017
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5828.0
  • Tax Other Annual Assessment Amount: 581100.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Nov 24, 2020
Sold by
Murray Timothy
Bought by
Sandy Toes Cottage Llc
Seller's Agent
Melinda Morrow
Better Homes and Gardens Real Estate Murphy & Co
Buyer's Agent
Pat Sepanak
Sand Dollar Real Estate
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Current Estimated Value
$1,411,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721,590
Avg. Annual Appreciation
15.62%
Original Mortgage
$511,000
Outstanding Balance
$458,502
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$902,292

Purchase Details

Listed on
Jan 10, 2017
Closed on
Sep 8, 2017
Sold by
Dixon Greta
Bought by
Murray Timothy
Seller's Agent
Edith Parker
Better Homes and Gardens Real Estate Murphy & Co.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$645,500
Sold Price
$560,000
Premium/Discount to List
-$85,500
-13.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.83%
Original Mortgage
$420,000
Interest Rate
3.82%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Sandy Toes Cottage Llc $690,000 Acres Land Title Agency Inc
Sandy Toes Cottage Llc $690,000 Land Title
Murray Timothy $560,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sandy Toes Cottage Llc $511,000
Closed Sandy Toes Cottage Llc $511,000
Previous Owner Murray Timothy $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2020 11/25/20 Sold $690,000 -1.3% --
09/10/2020 09/10/20 For Sale $699,000 +24.8% --
09/27/2017 09/27/17 Sold $560,000 -13.2% $431 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $645,500 -- $497 / 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 $6,101 $687,800 $600,000 $87,800
2023 $5,723 $687,800 $600,000 $87,800
2022 $5,723 $687,800 $600,000 $87,800
2021 $5,544 $687,800 $600,000 $87,800
2020 $5,776 $581,100 $476,000 $105,100
2019 $5,828 $581,100 $476,000 $105,100
2018 $5,654 $581,100 $476,000 $105,100
2017 $5,683 $581,100 $476,000 $105,100
2016 $5,730 $581,100 $476,000 $105,100
2015 $5,724 $544,100 $476,000 $68,100
2014 $5,229 $544,100 $476,000 $68,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22032416

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 18-00012-14-00017