NOT LISTED FOR SALE

205 16th Ave Belmar, NJ 07719

Estimated Value: $1,034,000 - $1,204,000

4 Beds
2 Baths
1,794 Sq Ft
$622/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $845,000 $471 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,565/month

104 Days on Market

About This Home

As of July 2022

One block to the beach with adequate parking. Live in the spacious 1st floor unit with a full basement and rent out the 2nd floor unit or convert this two family to a spacious one family home. Enjoy ocean breezes on the front porch or barbeques in the back yard! Close to the beach, boardwalk, restaurants, entertainment and the NJ transit bus and train lines.

Last Agent to Sell the Property

Laura Gifford

Sutton Realty Group License #9702987 Listed on: 07/24/2021

Last Buyer's Agent

Laura Gifford

Better Homes Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,036

Year Built

  • Built in 1940

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40 x 100

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Belmar Middle School

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenants Personal Property
  • Assessor Parcel Number 07-00161-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,036

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1940
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 100
  • Location Middle School: Belmar
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full
  • Basement: Yes
  • Stories: 2
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Acres: 0.09
  • Waterfront: No
  • Exclusions: Tenants Personal Property

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 40 x 100
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 07-00161-0000-00003
  • Zoning Description: Single Family, Residential
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Other Annual Assessment Amount: 172300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2021
Closed on
Jul 18, 2022
Sold by
Peterson and Karen
Bought by
All Seasons Plaza Llc
Seller's Agent
Laura Gifford
Sutton Realty Group
Buyer's Agent
Laura Gifford
Better Homes Realty
List Price
$899,000
Sold Price
$845,000
Premium/Discount to List
-$54,000
-6.01%
Current Estimated Value
$1,116,116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,116
Avg. Annual Appreciation
9.12%
Original Mortgage
$622,500
Outstanding Balance
$594,134
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$521,982

Purchase Details

Closed on
Jul 6, 2005
Sold by
Peterson John
Bought by
Peterson Karen and Peterson John

Purchase Details

Closed on
May 10, 1994
Sold by
Elder Howard
Bought by
Peterson John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
8.29%
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
All Seasons Plaza Llc $845,000 Counsellors Title
All Seasons Plaza Llc $845,000 Counsellors Title
Peterson Karen -- --
Peterson John $174,132 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open All Seasons Plaza Llc $622,500
Closed All Seasons Plaza Llc $622,500
Previous Owner Peterson John $157,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Sold $845,000 -6.0% $471 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
07/02/2022 07/02/22 For Sale $899,000 0.0% $501 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $899,000 -- $501 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
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 $8,036 $552,300 $380,000 $172,300
2024 $7,765 $552,300 $380,000 $172,300
2023 $7,765 $552,300 $380,000 $172,300
2022 $7,490 $552,300 $380,000 $172,300
2021 $7,490 $552,300 $380,000 $172,300
2020 $7,428 $552,300 $380,000 $172,300
2019 $7,428 $552,300 $380,000 $172,300
2018 $6,821 $552,300 $380,000 $172,300
2017 $6,655 $552,300 $380,000 $172,300
2016 $9,121 $477,300 $240,000 $237,300
2015 $8,776 $457,300 $220,000 $237,300
2014 $8,462 $437,300 $200,000 $237,300
Source: Public Records

Agents Affiliated with this Home

  • Laura Gifford

    Seller's Agent in 2022

    Laura Gifford

    Sutton Realty Group

    (732) 904-5805

    2 in this area

    3 Total Sales

    Laura Gifford
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22124329

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00161-0000-00003

New Jersey Monmouth County Belmar 07719

205 16th Ave, Belmar, NJ

This home is located at 205 16th Ave, Belmar, NJ 07719 since 24 July 2021 and is currently estimated at $1,116,116, approximately $622 per square foot. This property was built in 1940. 205 16th Ave is a home located in Monmouth County with nearby schools including Belmar Elementary School, St. Rose Grammar School, and St Rose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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