NOT LISTED FOR SALE

Estimated Value: $1,322,000 - $1,742,000

-- Bed
2 Baths
1,632 Sq Ft
$961/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $840,000 $515 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $9,404/month

255 Days on Market

Highlights

  • Oceanside
  • Doors swing in
  • Electric Baseboard Heater
  • No HOA

About This Home

As of July 2020

Here we have a turnkey 3 bedroom 1 bathroom up and down duplex located just 3rd off the beach in one of the most desirable towns/areas on the Island...beautiful Surf City. Enjoy this duplex in its' current state, or rebuild and enjoy endless ocean vistas from this prime south-facing spot. Fully rented for 2019, this duplex grossed over $50k. Fully furnished and ready for the next owner, this property has been lovingly maintained by the same family for close to 50 years. Write the next chapter of your LBI story in this beautiful, bright, and immaculate duplex! Absolutely no Sandy damage! Property was high and dry. Street has great natural elevation. Lots of off-street parking and mature landscaping complete this property. Very private backyard to enjoy those post-beach afternoons with family and friends.

Last Listed By

Raymond Procaccini Jr.

Oceanside Realty License #0454539 Listed on: 09/13/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,048

Year Built

  • Built in 1970

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00

Home Design

  • 1,632 Sq Ft Home
  • Duplex
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Doors swing in
  • Oceanside

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 32-00008-00009

Community Details

Overview

  • No Home Owners Association
  • Surf City Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,048

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Accessibility Features: Doors - Swing In
  • Ownership: Fee Simple
  • Exclusions: Ask listing agent for full exclusions list.
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1970
  • Remarks Public: Here we have a turnkey 3 bedroom 1 bathroom up and down duplex located just 3rd off the beach in one of the most desirable towns/areas on the Island...beautiful Surf City. Enjoy this duplex in its' current state, or rebuild and enjoy endless ocean vistas from this prime south-facing spot. Fully rented for 2019, this duplex grossed over $50k. Fully furnished and ready for the next owner, this property has been lovingly maintained by the same family for close to 50 years. Write the next chapter of your LBI story in this beautiful, bright, and immaculate duplex! Absolutely no Sandy damage! Property was high and dry. Street has great natural elevation. Lots of off-street parking and mature landscaping complete this property. Very private backyard to enjoy those post-beach afternoons with family and friends.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Total Sq Ft: 1632
  • Living Area Sq Ft: 1632
  • Price Per Sq Ft: 551.41
  • Above Grade Finished Sq Ft: 1632
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 21

Exterior Features

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

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway, Off Street

Utilities

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

Condo/Co-op/Association

  • HOA: No

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 139500.00
  • Land Assessed Value: 653400.00
  • Lot Size Acres: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4000.00
  • Year Assessed: 2018
  • Zoning: RA

Rental Info

  • Ground Rent Exists: No
  • Units Furnished: All
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2
  • Single Room Units Count: 2

Tax Info

  • Assessor Parcel Number: 3093851
  • Tax Annual Amount: 8048.00
  • Assessor Parcel Number: 32-00008-00009
  • Tax Lot: 00009
  • Tax Total Finished Sq Ft: 1632
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 07/17/2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2019
Closed on
Jul 27, 2020
Sold by
Gillan William J and Gillan Carolyn J
Bought by
Silber Arthur D and Silber Anne E
Seller's Agent
Raymond Procaccini Jr.
Oceanside Realty
Buyer's Agent
Gina Laird
RE/MAX of Long Beach Island
List Price
$979,000
Sold Price
$840,000
Premium/Discount to List
-$139,000
-14.2%
Total Days on Market
255
Current Estimated Value
$1,567,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$727,865
Avg. Annual Appreciation
13.85%
Original Mortgage
$630,000
Outstanding Balance
$566,057
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,001,808

Purchase Details

Listed on
Sep 13, 2019
Closed on
Jul 14, 2020
Sold by
Gillan Bethany J
Bought by
Gillan William J and Gillan Carolyn J
Seller's Agent
Raymond Procaccini Jr.
Oceanside Realty
Buyer's Agent
Gina Laird
RE/MAX of Long Beach Island
List Price
$979,000
Sold Price
$840,000
Premium/Discount to List
-$139,000
-14.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Outstanding Balance
$566,057
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,001,808

Purchase Details

Closed on
Apr 4, 2013
Sold by
Gillan William J and Gillan Carolyn J
Bought by
Gillan William J and Gillan Carolyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2012
Sold by
Coulson Sarah Miller
Bought by
Macalone Kimberly Lynn and Coulson Frank L

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
Silber Arthur D -- Fidelity National Ttl Ins Co
Gillan William J -- Meridian Asset Services Inc
Gillan William J $325,000 Integrity Title Agency Inc
Macalone Kimberly Lynn -- Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silber Arthur D $630,000
Previous Owner Gillan William J $372,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $840,000 0.0% $515 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
04/26/2020 04/26/20 Off Market $840,000 -- --
04/17/2020 04/17/20 Price Changed $899,900 -3.1% $551 / Sq Ft
03/17/2020 03/17/20 Price Changed $929,000 -2.2% $569 / Sq Ft
03/06/2020 03/06/20 Price Changed $949,900 -1.6% $582 / Sq Ft
10/22/2019 10/22/19 Price Changed $964,900 -1.4% $591 / Sq Ft
09/13/2019 09/13/19 For Sale $979,000 -- $600 / 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 $8,534 $849,200 $675,000 $174,200
2023 $8,322 $849,200 $675,000 $174,200
2022 $8,322 $849,200 $675,000 $174,200
2021 $7,655 $849,200 $675,000 $174,200
2020 $7,414 $849,200 $675,000 $174,200
2019 $7,397 $849,200 $675,000 $174,200
2018 $8,048 $792,900 $653,400 $139,500
2017 $8,151 $792,900 $653,400 $139,500
2016 $7,953 $792,900 $653,400 $139,500
2015 $7,628 $792,900 $653,400 $139,500
2014 $7,588 $792,900 $653,400 $139,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC390350

Bright MLS

APN: 32-00008-0000-00009