NOT LISTED FOR SALE

Estimated Value: $3,364,000 - $4,538,000

-- Bed
5 Baths
2,520 Sq Ft
$1,509/Sq Ft Est. Value

Last Sold March 20, 2019

Last sale price $950,000 $377 Per Sq Ft

Est. 300% increase in value since last sale

Current estimated payment $21,919/month

Highlights

  • Water Views
  • Open Floorplan
  • No HOA
  • Oceanside
  • Deck
  • Storm Windows

About This Home

As of March 2019

It's all about the Location , Location, Location!!! On the far North end of Surf City and only 3 houses from the beach this unusual duplex is larger than most with 2520 Sq Ft - 1st fl has 2 large Bedrooms/2 Baths - spacious Liv Rm - separate Dining Room - Kitchen - new laminate flooring - 2nd Fl. - 3 Bedrooms/1.5Bath w/ Living/Dining Combo and eat-in kitchen - Laminate flooring - attached garage. Remodel and have a great family retreat or rental property OR take advantage of the location and build a dream vacation home that would certainly have Oceanviews. Property being sold strictly "As Is"https://my.matterport.com/show/?m=3YHNNKsgzjE See attachments for 2nd fl VT

Last Agent to Sell the Property

Eileen Matson

(609) 709-9503 ematson@maryallen.com Mary Allen Realty, Inc. License #8635959 Listed on: 12/03/2018

Last Buyer's Agent

Charles Perkins

cmperkins20@hotmail.com RE/MAX of Long Beach Island

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,292

Year Built

  • Built in 1969

Lot Details

  • Lot Dimensions are 58x80
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Side-by-Side
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 2,520 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace
  • Double Hung Windows
  • Window Screens
  • Water Views
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Stove
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Deck
  • Exterior Lighting

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Community Details

  • No Home Owners Association
  • 2 Units
  • Surf City Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 32-00058-0000-00008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,292

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1969
  • Remarks Public: It's all about the Location , Location, Location!!! On the far North end of Surf City and only 3 houses from the beach this unusual duplex is larger than most with 2520 Sq Ft - 1st fl has 2 large Bedrooms/2 Baths - spacious Liv Rm - separate Dining Room - Kitchen - new laminate flooring - 2nd Fl. - 3 Bedrooms/1.5Bath w/ Living/Dining Combo and eat-in kitchen - Laminate flooring - attached garage. Remodel and have a great family retreat or rental property OR take advantage of the location and build a dream vacation home that would certainly have Oceanviews. Property being sold strictly "As Is"https://my.matterport.com/show/?m=3YHNNKsgzjE See attachments for 2nd fl VT
  • Special Features: VirtualTour

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Oven/Range - Electric, Built-In Microwave, Refrigerator, Stove, Washer
  • Flooring Type: Ceramic Tile, Laminated, Fully Carpeted
  • Interior Amenities: Window Treatments, Ceiling Fan(s), Floor Plan - Open
  • Window Features: Double Hung, Screens, Storm
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2520
  • Living Area Sq Ft: 2520
  • Price Per Sq Ft: 396.43
  • Above Grade Finished Sq Ft: 2520
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 20

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Exterior Features: Exterior Lighting, Outside Shower
  • Roof: Shingle
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Type Of Parking: Driveway, Off Street

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REGIONAL H.S.
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Improvement Assessed Value: 258000.00
  • Land Assessed Value: 645900.00
  • Land Lease: No
  • Lot Features: Level
  • Lot Dimensions: 58x80
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: RA
  • Zoning Description: RA

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3094586
  • Tax Annual Amount: 9292.00
  • Assessor Parcel Number: 32-00058-0000-00008
  • Tax Lot: 8
  • Tax Year: 2017
  • Close Date: 03/20/2019

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2020
Sold by
Laurel Beach Developers Llc
Bought by
Orlando Nicholas and Orlando Jaime
Current Estimated Value
$3,803,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,980,000
Outstanding Balance
$1,756,399
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$2,047,257

Purchase Details

Listed on
Dec 3, 2018
Closed on
Mar 20, 2019
Sold by
Mcfarland Lisa
Bought by
Laurel Beach Developers Llc
Seller's Agent
Eileen Matson
Mary Allen Realty, Inc.
Buyer's Agent
Charles Perkins
RE/MAX of Long Beach Island
List Price
$999,000
Sold Price
$950,000
Premium/Discount to List
-$49,000
-4.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.35%

Purchase Details

Closed on
Nov 11, 2009
Sold by
Mcfarland Gregory and Mcfarland Lisa
Bought by
Mcfarland Lisa

Purchase Details

Closed on
Jan 12, 2000
Sold by
Taylor Francis
Bought by
Gregory Mc Farland and Mc Farland Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,100
Interest Rate
7.79%

Purchase Details

Closed on
Apr 8, 1996
Sold by
Sohn Roger
Bought by
Taylor Franci X and Taylor Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
7.39%
Source: Public Records

Range of Values:

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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
Orlando Nicholas $2,475,000 Surety Ttl Agcy Coastal Regi
Laurel Beach Developers Llc $950,000 First American Title
Mcfarland Lisa -- None Available
Gregory Mc Farland $420,000 --
Taylor Franci X $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orlando Nicholas $1,980,000
Previous Owner Gregory Mc Farland $307,100
Previous Owner Taylor Franci X $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2019 03/20/19 Sold $950,000 -4.9% $377 / Sq Ft
02/14/2019 02/14/19 Pending -- -- --
12/03/2018 12/03/18 For Sale $999,000 -- $396 / Sq Ft
Source: Bright 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
2025 $23,651 $2,267,600 $797,400 $1,470,200
2024 $22,789 $2,267,600 $797,400 $1,470,200
2023 $22,222 $2,267,600 $797,400 $1,470,200
2022 $22,222 $2,267,600 $797,400 $1,470,200
2021 $17,179 $2,267,600 $797,400 $1,470,200
2020 $6,961 $797,400 $797,400 $0
2019 $9,671 $1,110,300 $797,400 $312,900
2018 $9,175 $903,900 $645,900 $258,000
2017 $9,292 $903,900 $645,900 $258,000
2016 $9,066 $903,900 $645,900 $258,000
2015 $8,696 $903,900 $645,900 $258,000
2014 $8,650 $903,900 $645,900 $258,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC146094

Bright MLS

APN: 32-00058-0000-00008