NOT LISTED FOR SALE

Estimated Value: $1,352,865 - $1,669,000

-- Bed
2 Baths
2,016 Sq Ft
$720/Sq Ft Est. Value

Last Sold January 07, 2014

Last sale price $589,000 $292 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $8,598/month

43 Days on Market

Highlights

  • Building is oceanfront but unit may not have water views
  • Furnished
  • Outdoor Shower
  • Open Floorplan
  • No HOA
  • Partially Fenced Property

About This Home

As of January 2014

Opportunity knocks! This three bedroom duplex currently earns $4,100 per week in season and that income can be increased with reasonable cosmetic improvements. Great seasonal income for a property at this price. Units are over 1,000 sq. ft. each with nice open living area and good sized bedrooms. Peak weekly rates are $2,100/wk up and $2,000/wk down. Solid track record of off-season rentals boosts annual income. This home was undamaged by hurricane Sandy.

Last Listed By

James Dooney

RE/MAX of Long Beach Island* Listed on: 10/01/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,088

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 50x125
  • Building is oceanfront but unit may not have water views
  • Partially Fenced Property
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Stove

Flooring

  • Wall to Wall Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Additional Features

  • Outdoor Shower
  • Flood Risk

Community Details

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

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 02-00017-0000-00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,088

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1960
  • Remarks Public: Opportunity knocks! This three bedroom duplex currently earns $4,100 per week in season and that income can be increased with reasonable cosmetic improvements. Great seasonal income for a property at this price. Units are over 1,000 sq. ft. each with nice open living area and good sized bedrooms. Peak weekly rates are $2,100/wk up and $2,000/wk down. Solid track record of off-season rentals boosts annual income. This home was undamaged by hurricane Sandy.
  • Special Features: None

Interior Features

  • Appliances: Dryer, Refrigerator, Stove, Washer, Oven/Range - Electric
  • Flooring Type: Vinyl, Fully Carpeted
  • Interior Amenities: Floor Plan - Open
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 292.16
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

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

  • Fencing: Partially
  • Improvement Assessed Value: 265210.00
  • Land Assessed Value: 549089.00
  • Lot Features: Level
  • Lot Dimensions: 50X125
  • Topography: Level
  • Zoning: R-B
  • Zoning Description: r-b

Rental Info

  • Furnished: Yes
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2825922
  • Tax Annual Amount: 6088.00
  • Assessor Parcel Number: 02-00017-0000-00025
  • Tax Lot: 25
  • Tax Year: 2012
  • Close Date: 01/07/2014

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2021
Sold by
Lamanna Roy
Bought by
Barnegat Light Holdings Llc
Total Days on Market
43
Current Estimated Value
$1,451,466

Purchase Details

Listed on
Oct 1, 2013
Closed on
Jan 1, 2014
Sold by
Ernst Emma V and Ernst Charles J
Bought by
Lamanna Roy
Seller's Agent
James Dooney
RE/MAX of Long Beach Island*
Buyer's Agent
Scott Wayman
Diane Turton REALTORS - BH
List Price
$589,000
Sold Price
$589,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$471,200
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2009
Sold by
Ernst Emma V and Ernst Kaminski Emma V
Bought by
Ernst Emma and Ernst Charles J

Range of Values:

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Average Value
Not Available
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
Barnegat Light Holdings Llc -- None Available
Lamanna Roy $589,000 None Available
Ernst Emma -- Congress Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamanna Roy $471,200
Previous Owner Ernst Kaminski Emma $250,000
Previous Owner Ernst Kaminski Emma $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2014 01/07/14 Sold $589,000 0.0% $292 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
10/01/2013 10/01/13 For Sale $589,000 -- $292 / 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 $6,609 $741,800 $500,000 $241,800
2023 $6,135 $741,800 $500,000 $241,800
2022 $6,135 $741,800 $500,000 $241,800
2021 $6,602 $741,800 $500,000 $241,800
2020 $6,698 $741,800 $500,000 $241,800
2019 $6,454 $741,800 $500,000 $241,800
2018 $6,342 $741,800 $500,000 $241,800
2017 $6,565 $741,800 $500,000 $241,800
2016 $6,394 $741,800 $500,000 $241,800
2015 $6,164 $741,800 $500,000 $241,800
2014 $6,703 $741,500 $500,000 $241,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC219758

Bright MLS

APN: 02-00017-0000-00025