NOT LISTED FOR SALE

Estimated Value: $1,742,000 - $2,436,158

-- Bed
5 Baths
1,560 Sq Ft
$1,355/Sq Ft Est. Value

Last Sold August 08, 2013

Last sale price $640,450 $411 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $12,776/month

159 Days on Market

Highlights

  • Water Access
  • Cape Cod Architecture
  • No HOA
  • Property Fronts a Bay or Harbor
  • Deck
  • Wall to Wall Carpet

About This Home

As of August 2013

Ship Bottom bayfront with fabulous panoramic bay views plus sunset views in the evening. This oversized property has approximately 78 feet on the water and is perhaps one of the largest and least expensive bayfront sites currently on the LBI market. Use this expansive property as the site for your new bayfront contemporary style home or consider renovating the existing duplex home or converting it into a single family home. The home does have an interior staircase. Seller will credit buyer at closing for demo and CAFRA costs. The home did sustain damage in "Sandy" and the homes first floor has been gutted. The pictures were taken before the storm. Neither the Seller nor the Listing Agent makes any representation as to the properties condition. The home and detached garage have sustained water damage. The home is being sold in "as is" condition. Seller can accommodate a quick closing. The Buyer is responsible for all due diligence as to Ship Bottom and State of NJ building and,land use codes. Seller will only give a Transfer of Title C.O. Survey is available.

Last Agent to Sell the Property

David Sheridan

(609) 709-2280 Dave@homesonlbi.com BHHS Zack Shore REALTORS License #8338877 Listed on: 01/27/2013

BHHS Zack Shore REALTORS

Last Buyer's Agent

Edward Freeman Sr

(609) 661-5002 edwardfreeman@remax.net RE/MAX at Barnegat Bay - Ship Bottom License #0562673

RE/MAX at Barnegat Bay - Ship Bottom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,511

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 88 x 103
  • Property Fronts a Bay or Harbor

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Cape Cod Architecture
  • Asbestos Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • Partially Furnished
  • Double Hung Windows
  • Bay Views
  • Crawl Space
  • Stove

Flooring

  • Wall to Wall Carpet
  • Vinyl

Outdoor Features

  • Water Access
  • Bulkhead
  • Deck

Location

  • Flood Risk

Schools

  • Southern Regional Middle School
  • Southern Regional High School

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 29-00009-0000-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,511

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Vinyl, Fully Carpeted
  • Window Features: Double Hung
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1560
  • Living Area Sq Ft: 1560
  • Price Per Sq Ft: 416.03
  • Above Grade Finished Sq Ft: 1560
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Asbestos Shingle
  • View: Water, Bay
  • Water Access: Yes
  • Waterfront: Yes
  • Water Oriented: Yes
  • Water View: Yes

Garage/Parking

  • Type Of Parking: Off Street

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

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: SOUTHERN REGIONAL H.S.
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Improvement Assessed Value: 137600.00
  • Land Assessed Value: 527900.00
  • Lot Features: Bulkheaded
  • Lot Dimensions: 88 X 103
  • Outdoor Living Structures: Deck(s)
  • Zoning: R2
  • Zoning Description: R2

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3075395
  • Tax Annual Amount: 6511.00
  • Assessor Parcel Number: 29-00009-0000-00007
  • Tax Lot: 7
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2013
Closed on
Aug 1, 2013
Sold by
Bay Plaza Inc
Bought by
Trampota Miroslav and Trampota Angela
Seller's Agent
David Sheridan
BHHS Zack Shore REALTORS
Buyer's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$695,000
Sold Price
$640,450
Premium/Discount to List
-$54,550
-7.85%
Current Estimated Value
$2,114,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,473,936
Avg. Annual Appreciation
10.21%

Purchase Details

Closed on
May 10, 2010
Sold by
Romani Edward P and Romani Elenor T
Bought by
Bay Plaza Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Trampota Miroslav $640,450 None Available
Bay Plaza Inc $640,000 The Title Company Of Jersey
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/08/2013 08/08/13 Sold $640,450 -7.8% $411 / Sq Ft
07/05/2013 07/05/13 Pending -- -- --
01/27/2013 01/27/13 For Sale $695,000 -- $446 / 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
2025 $19,585 $1,625,300 $574,100 $1,051,200
2024 $18,675 $1,625,300 $574,100 $1,051,200
2023 $16,785 $1,625,300 $574,100 $1,051,200
2022 $16,785 $1,585,000 $574,100 $1,010,900
2021 $16,689 $1,583,400 $574,100 $1,009,300
2020 $16,737 $1,583,400 $574,100 $1,009,300
2019 $16,752 $1,583,400 $574,100 $1,009,300
2018 $16,784 $1,583,400 $574,100 $1,009,300
2017 $15,616 $1,575,800 $574,100 $1,001,700
2016 $5,844 $527,900 $527,900 $0
2015 $5,701 $527,900 $527,900 $0
2014 $6,289 $582,900 $527,900 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC219918

Bright MLS

APN: 29-00009-0000-00007