$935,000
SOLD AUG 16, 2024
-- Bed
-- Bath
1,578 Sq Ft
8,002 Sq Ft Lot

Recently Sold

$593 Per Sq Ft

37% Below List Price

250 Days on Market

Highlights

  • Side Yard
  • Electric Baseboard Heater
  • Level Lot

About This Home

As of August 2024

UNDER $1M! This is your opportunity to have your “Dream Duplex” on a beautiful and private oversized lot. This incredible duplex offers the perfect blend of spacious living and beachside charm. Nestled on an 8,000 sq ft lot just steps from the sand, surf and local businesses, this property is a rare find in the heart of Ship Bottom.

First floor features three delightful bedrooms, each filled with natural light and a thoughtfully designed bathroom for your convenience. You’ll enjoy an open-concept living/dining area perfect for gatherings and a well-appointed kitchen with modern appliances and ample cabinet space. The lower floor offers easy access to the large yard, ideal for entertaining and for enjoying your morning coffee or evening cocktails.

The second floor provides a separate entrance for added privacy or rental income potential. It has a different layout, offering three spacious bedrooms and well-designed bathroom and a stylish kitchen with all the amenities you need. A sun-drenched outdoor deck is perfect for soaking in those Jersey Shore days, in the morning or afternoon.

Additional Property Highlights:
- Oversized lot with plenty of room for outdoor activities, gardening, or expansion.
- 80' of road frontage offering parking for multiple vehicles, a true luxury at the shore.
- A location that can't be beaten - just a stone's throw from the beach, local restaurants, and shopping.
- Excellent rental income potential for investors or the opportunity to create lifelong memories with family and friends.
- Shared w/d and shared outdoor shower.

This duplex is a true gem on LBI, offering endless possibilities. Whether you're looking for a primary residence, an income-producing property, or a summer retreat, 203 W 7th Street is ready to make your dreams come true. Don't miss your chance to own a piece of the Jersey Shore lifestyle – schedule your showing today!

DO NOT walk property without a Realtor; DO NOT disturb tenant. Property being sold as-is.

Last Agent to Sell the Property

Kathleen Ries

Keller Williams Realty Preferred Properties License #0228827 Listed on: 09/21/2023

Keller Williams Realty Preferred Properties

Last Buyer's Agent

Pamela Cotchan Fox

Coldwell Banker Home Connection License #2186745

Coldwell Banker Home Connection

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,205

Year Built

  • Built in 1940

Lot Details

  • 8,002 Sq Ft Lot
  • Lot Dimensions are 80.00 x 100.00
  • Infill Lot
  • Level Lot
  • Open Lot
  • Side Yard

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,578 Sq Ft Home
  • Crawl Space

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 00030
  • Assessor Parcel Number 29-00114-00030

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,205

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Expected On Market: 2023-09-21
  • Year Built: 1940
  • Automatically Close On Close Date: No
  • Remarks Public: UNDER $1M! This is your opportunity to have your “Dream Duplex” on a beautiful and private oversized lot. This incredible duplex offers the perfect blend of spacious living and beachside charm. Nestled on an 8,000 sq ft lot just steps from the sand, surf and local businesses, this property is a rare find in the heart of Ship Bottom. First floor features three delightful bedrooms, each filled with natural light and a thoughtfully designed bathroom for your convenience. You’ll enjoy an open-concept living/dining area perfect for gatherings and a well-appointed kitchen with modern appliances and ample cabinet space. The lower floor offers easy access to the large yard, ideal for entertaining and for enjoying your morning coffee or evening cocktails. The second floor provides a separate entrance for added privacy or rental income potential. It has a different layout, offering three spacious bedrooms and well-designed bathroom and a stylish kitchen with all the amenities you need. A sun-drenched outdoor deck is perfect for soaking in those Jersey Shore days, in the morning or afternoon. Additional Property Highlights: - Oversized lot with plenty of room for outdoor activities, gardening, or expansion. - 80' of road frontage offering parking for multiple vehicles, a true luxury at the shore. - A location that can't be beaten - just a stone's throw from the beach, local restaurants, and shopping. - Excellent rental income potential for investors or the opportunity to create lifelong memories with family and friends. - Shared w/d and shared outdoor shower. This duplex is a true gem on LBI, offering endless possibilities. Whether you're looking for a primary residence, an income-producing property, or a summer retreat, 203 W 7th Street is ready to make your dreams come true. Don't miss your chance to own a piece of the Jersey Shore lifestyle – schedule your showing today! DO NOT walk property without a Realtor; DO NOT disturb tenant. Property being sold as-is.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Block, Crawl Space
  • Total Sq Ft: 1578
  • Living Area Sq Ft: 1578
  • Price Per Sq Ft: 630.54
  • Above Grade Finished Sq Ft: 1578
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 203

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

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

  • Lot Features: Level, Open, Sideyard(s)
  • Lot Size Acres: 0.18
  • Lot Dimensions: 80.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8002.00
  • Year Assessed: 2023
  • Zoning: R1

Rental Info

  • Existing Lease Type: Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 2
  • Units Leased Count: 2
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 6205.00
  • Assessor Parcel Number: 29-00114-00030
  • Tax Lot: 00030
  • Tax Total Finished Sq Ft: 1186
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 08/16/2024

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Aug 7, 2024
Sold by
Darmstatter Claire
Bought by
Gyi Jennifer and Wong Anson
Seller's Agent
Kathleen Ries
Keller Williams Realty Preferred Properties
Buyer's Agent
Pamela Cotchan Fox
Coldwell Banker Home Connection
List Price
$1,490,000
Sold Price
$935,000
Premium/Discount to List
-$555,000
-37.25%
Views
17
Current Estimated Value
$1,294,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,302
Avg. Annual Appreciation
41.86%
Original Mortgage
$701,250
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2015
Sold by
Darmstatter Family Partnership Inc
Bought by
Darmstatter Claire

Purchase Details

Closed on
Oct 20, 1999
Sold by
Markowitz Larry and Markowitz Annadele
Bought by
Darmstatter Family Partnership Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,350
Interest Rate
7.78%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $935,000 Investment Title
Interfamily Deed Transfer -- Attorney
Bargain Sale Deed $210,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $701,250 New Conventional
Closed $701,250 New Conventional
Previous Owner $147,350 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $935,000 -6.0% $593 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/23/2024 05/23/24 Price Changed $995,000 -14.2% $631 / Sq Ft
04/18/2024 04/18/24 Price Changed $1,159,000 -7.3% $734 / Sq Ft
02/14/2024 02/14/24 Price Changed $1,250,000 -16.1% $792 / Sq Ft
09/21/2023 09/21/23 For Sale $1,490,000 -- $944 / 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
2024 $6,206 $540,100 $390,000 $150,100
2023 $5,720 $540,100 $390,000 $150,100
2022 $5,720 $540,100 $390,000 $150,100
2021 $5,693 $540,100 $390,000 $150,100
2020 $5,709 $540,100 $390,000 $150,100
2019 $5,714 $540,100 $390,000 $150,100
2018 $5,725 $540,100 $390,000 $150,100
2017 $5,352 $540,100 $390,000 $150,100
2016 $5,295 $478,300 $330,000 $148,300
2015 $5,166 $478,300 $330,000 $148,300
2014 $5,081 $470,900 $330,000 $140,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2021334

Bright MLS

APN: 29-00114-0000-00030