NOT LISTED FOR SALE

Estimated Value: $1,068,000 - $1,655,000

-- Bed
3 Baths
2,392 Sq Ft
$557/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $538,000 $225 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $7,651/month

Highlights

  • Water Views
  • Deck
  • Wood Flooring
  • Bayside
  • Wooded Lot
  • Attic

About This Home

As of December 2018

Outstanding duplex opportunity in one of Barnegat Lights most desirable locations. Only a block to the beach, our top floor features 3 bedrooms, 1 full renovated tiled bath, open living kitchen dining area with front deck and super large oversized fiberglass rear deck. Our bottom floor has an open living kitchen dining area, 3 bedrooms plus extra great room that could be 4th bedroom or large 2nd living area, 2 full bathrooms, and a laundry room. Plenty of parking for 6+ cars, large back yard, outside shower, 2 Sheds for beach toys and a large attic are also included. Top floor rents on Air Bnb for $250/night plus cleaning minimum 3 nights all summer long!On high grounds with no Sandy flooding and $648 flood insurance. Enjoy LBI living at it?s best, staying in one unit and renting the other or giving to extended family. Wonderful LBI memories to be made here! 3-D tour of top is on Virtual Tour and bottom go to https://my.matterport.com/show/?m=7jG7pBHVoCS&mls=1

Last Agent to Sell the Property

Willy Kahl

(609) 709-1020 willykahl@gmail.com Jersea Realty, LLC - SB License #8833923 Listed on: 05/22/2018

Last Buyer's Agent

Christian Schlueter

(732) 995-8249 chris@homes4people.com RE/MAX at Barnegat Bay - Forked River License #SP-8536884

RE/MAX at Barnegat Bay - Forked River

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,634

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 50x125
  • Wooded Lot

Home Design

  • Duplex
  • Side-by-Side
  • Slab Foundation
  • Shingle Roof
  • Fiberglass Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,392 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows
  • Window Treatments
  • Water Views
  • Attic

Kitchen

  • Stove
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Laundry

  • Dryer
  • Washer

Parking

  • Oversized Parking
  • Driveway

Outdoor Features

  • Deck
  • Exterior Lighting
  • Storage Shed
  • Outdoor Grill

Location

  • Flood Risk
  • Bayside

Community Details

  • No Home Owners Association
  • 2 Units
  • Barnegat Light Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 02-00040-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,634

Year Built

Built in 1965

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: 1965
  • Remarks Public: Outstanding duplex opportunity in one of Barnegat Lights most desirable locations. Only a block to the beach, our top floor features 3 bedrooms, 1 full renovated tiled bath, open living kitchen dining area with front deck and super large oversized fiberglass rear deck. Our bottom floor has an open living kitchen dining area, 3 bedrooms plus extra great room that could be 4th bedroom or large 2nd living area, 2 full bathrooms, and a laundry room. Plenty of parking for 6+ cars, large back yard, outside shower, 2 Sheds for beach toys and a large attic are also included. Top floor rents on Air Bnb for $250/night plus cleaning minimum 3 nights all summer long!On high grounds with no Sandy flooding and $648 flood insurance. Enjoy LBI living at it?s best, staying in one unit and renting the other or giving to extended family. Wonderful LBI memories to be made here! 3-D tour of top is on Virtual Tour and bottom go to https://my.matterport.com/show/?m=7jG7pBHVoCS&mls=1
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Built-In Microwave, Refrigerator, Stove, Washer
  • Flooring Type: Tile/Brick, Fully Carpeted, Wood
  • Interior Amenities: Attic, Window Treatments, Ceiling Fan(s), Kitchen - Island
  • Window Features: Insulated
  • Fireplace: No
  • Foundation Details: Slab
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2392
  • Living Area Sq Ft: 2392
  • Price Per Sq Ft: 229.52
  • Above Grade Finished Sq Ft: 2392
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2005

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Masonry, Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Bbq Grill, Exterior Lighting
  • Roof: Fiberglass, Shingle
  • View: Water
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Garage Features: Oversized
  • Type Of Parking: Driveway

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
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 198600.00
  • Land Assessed Value: 325000.00
  • Land Lease: No
  • Lot Features: Trees/Wooded
  • Lot Dimensions: 50x125
  • Outdoor Living Structures: Deck(s)
  • Zoning: RESIDENTIA
  • Zoning Description: Residentia

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2826445
  • Tax Annual Amount: 4634.00
  • Assessor Parcel Number: 02-00040-0000-00003
  • Tax Lot: 3
  • Tax Year: 2017
  • Close Date: 12/21/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2018
Closed on
Dec 7, 2018
Sold by
Slaven Robin and Nanette J Mershon Trust
Bought by
Churco Daniel P and Churco Barbara J
Seller's Agent
Willy Kahl
Jersea Realty, LLC - SB
Buyer's Agent
Christian Schlueter
RE/MAX at Barnegat Bay - Forked River
List Price
$669,000
Sold Price
$538,000
Premium/Discount to List
-$131,000
-19.58%
Current Estimated Value
$1,333,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$795,453
Avg. Annual Appreciation
14.28%
Original Mortgage
$594,000
Outstanding Balance
$524,371
Interest Rate
4.9%
Mortgage Type
New Conventional
Estimated Equity
$809,082

Purchase Details

Closed on
Dec 15, 1995
Sold by
Latta Brooks E
Bought by
Mershon Nanette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.16%
Source: Public Records

Range of Values:

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Average Value
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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
Churco Daniel P $538,000 Surety Title Agency Coastal
Mershon Nanette $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Churco Daniel P $594,000
Previous Owner Mershon Nanette $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $538,000 -19.6% $225 / Sq Ft
10/12/2018 10/12/18 Pending -- -- --
05/22/2018 05/22/18 For Sale $669,000 -- $280 / 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 $6,637 $658,400 $325,000 $333,400
2024 $5,866 $658,400 $325,000 $333,400
2023 $5,235 $633,000 $325,000 $308,000
2022 $5,235 $633,000 $325,000 $308,000
2021 $5,634 $633,000 $325,000 $308,000
2020 $4,728 $523,600 $325,000 $198,600
2019 $4,555 $523,600 $325,000 $198,600
2018 $4,477 $523,600 $325,000 $198,600
2017 $4,634 $523,600 $325,000 $198,600
2016 $4,513 $523,600 $325,000 $198,600
2015 $4,351 $523,600 $325,000 $198,600
2014 $4,734 $523,700 $325,000 $198,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC153932

Bright MLS

APN: 02-00040-0000-00003