NOT LISTED FOR SALE

204 11th Ave Belmar, NJ 07719

Estimated Value: $1,505,000 - $1,945,585

13 Beds
5 Baths
4,559 Sq Ft
$375/Sq Ft Est. Value

Last Sold March 25, 2019

Last sale price $829,000 $182 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $10,073/month

7 Days on Market

Highlights

  • 1 Fireplace
  • Multiple cooling system units
  • Level Lot
  • Zoned Heating and Cooling System
  • Storm Doors
  • 4-minute walk to Belmar Beach Playground

About This Home

As of March 2019

Spacious Victorian three family property in a fantastic location appx one block to the beach! This updated investment home includes a 4BR, 1.5BA first floor unit w/ central air & laundry in basement, an updated 6BR, 1.5BA unit on the 2nd & 3rd floor w/ laundry & a detached private 3BR, 1BA two level carriage house with covered patio & utility/storage room. The main house's fantastic front porch was upgraded in 2016 with new support columns, railings, ceiling & paint. First floor unit has a renovated full bathroom (2015) & new a/c condenser (2016). Back house has a new roof (2017), new kitchen & bathroom (2015). Storm doors for all units were replaced in 2016. Property has a long driveway, off-street parking for three cars, nice yard & generates nearly $80,000 in annual gross rental income.

Last Agent to Sell the Property

Jacob Smith

Ward Wight Sotheby's International Realty Listed on: 01/25/2019

Last Buyer's Agent

Carolyn Pinnola

Keller Williams Realty West Monmouth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,818

Year Built

  • Built in 1922

Lot Details

  • Lot Dimensions are 50 x 150
  • Level Lot

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,559 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Storm Doors

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 13 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Schools

  • Belmar Middle School

Utilities

  • Multiple cooling system units
  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water, water, snow removal, sewer, heat, gas, electricity
  • The owner pays for yard maintenance
  • Assessor Parcel Number 07-00101-0000-00016

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $3,448
  • Gross Income $79,475
  • Net Operating Income $65,209

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,818

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Level
  • Subdivision Name: None
  • Year Built: 1922
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Belmar
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Exterior Storm Door(s): Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: 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 Washer Hookup3: Yes
  • Income Expenses Insurance Expense: 3448.0
  • Income Expenses Gross Income2: 79475.0
  • Income Expenses Net Income: 65209.0
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 2 Washer Hookup2: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space, Partial, Slab
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 13
  • Fireplaces: 1
  • Stories: 2
  • Basement:Slab: Yes
  • Basement:Crawl Space: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Storm Door(s)
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units
  • Cooling Y N: Yes
  • Heating: HWBB, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 07-00101-0000-00016

Rental Info

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

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 9818.0
  • Tax Other Annual Assessment Amount: 852300.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 79475.0
  • Insurance Expense: 3448.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2019
Closed on
Mar 29, 2019
Sold by
Cm Beck Properties Llc
Bought by
Pinnola Steven and Pinnola Carolyn
Seller's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
Buyer's Agent
Carolyn Pinnola
Keller Williams Realty West Monmouth
Sold Price
$829,000
Current Estimated Value
$1,711,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$882,396
Avg. Annual Appreciation
11.70%
Original Mortgage
$429,000
Outstanding Balance
$377,167
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$1,334,229

Purchase Details

Listed on
Oct 19, 2013
Closed on
May 9, 2014
Sold by
Tsontakis Michael
Bought by
Cm Beck Properties Llc
Seller's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
Buyer's Agent
Paulette Young
C21/ Schlossbach Realty
Sold Price
$760,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.80%

Purchase Details

Closed on
May 14, 2004
Sold by
Kuchern Mnichael
Bought by
Tsontakis Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
5.88%

Purchase Details

Closed on
Feb 8, 2001
Sold by
Minardo Michael
Bought by
Kucher Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.08%
Source: Public Records

Range of Values:

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Average Value
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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
Pinnola Steven $810,947 First Integrity Title Agcy
Cm Beck Properties Llc $760,000 First American Title Ins Co
Tsontakis Michael $750,000 --
Kucher Michael $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pinnola Steven $429,000
Previous Owner Tsontakis Michael $675,000
Previous Owner Kucher Michael $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/25/2019 03/25/19 Sold $829,000 +9.1% $182 / Sq Ft
05/09/2014 05/09/14 Sold $760,000 -- $231 / Sq Ft View Prior Sale
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
2025 $11,567 $795,000 $500,000 $295,000
2024 $11,178 $795,000 $500,000 $295,000
2023 $11,178 $795,000 $500,000 $295,000
2022 $10,788 $795,000 $500,000 $295,000
2021 $10,788 $795,000 $500,000 $295,000
2020 $10,693 $795,000 $500,000 $295,000
2019 $10,693 $795,000 $500,000 $295,000
2018 $9,818 $795,000 $500,000 $295,000
2017 $9,580 $795,000 $500,000 $295,000
2016 $11,613 $607,700 $260,000 $347,700
2015 $11,278 $587,700 $240,000 $347,700
2014 $10,985 $567,700 $220,000 $347,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21903356

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00101-0000-00016