NOT LISTED FOR SALE

Estimated Value: $1,090,000 - $1,591,000

-- Bed
2 Baths
2,532 Sq Ft
$548/Sq Ft Est. Value

Last Sold March 28, 2022

Last sale price $1,200,000 $474 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $7,976/month

Highlights

  • Bayside
  • Wood Flooring
  • More Than Two Accessible Exits
  • Craftsman Architecture
  • Stainless Steel Appliances
  • 1-minute walk to Bay View Park

About This Home

As of March 2022

Opportunity knocks at this hard to find triplex on LBI sitting on a 80 x 80' lot. This property has 3 units that are all included in this sale and consist of a front ; free standing cape style home with an open layout, charm, open second floor bedroom, renovated kitchen with stainless steel appliances, 2 bedrooms 1 1/2 baths with possibilities to make this a 3 bed 2 1/2 bath property.
The detached duplex comes with each floor containing 2 beds 1 bath each floor , ample living space, individual outdoor showers, gas heat, and more.
This property offers many different possibilities- Keep all 3 and rent them out as you like, keep one , rent two. The 80 x 80' property would allow for a substantial new build that would capture both ocean and bay views. Or, make the 3 unit's condos and divide and sell as desired. The detached duplex is also for sale as individual condos-1st floor $399,000 2nd floor $425,000.

Last Agent to Sell the Property

Christopher Baumann

(732) 406-1440 cbaumann@zackshore.com BHHS Zack Shore REALTORS License #345227 Listed on: 01/27/2022

BHHS Zack Shore REALTORS

Last Buyer's Agent

Irene Santoro

(609) 276-8200 irenesantoro@remax.net RE/MAX at Barnegat Bay - Ship Bottom

RE/MAX at Barnegat Bay - Ship Bottom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,498

Year Built

  • Built in 1950

Lot Details

  • 6,400 Sq Ft Lot
  • Lot Dimensions are 80.00 x 80.00
  • Property is in good condition

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Craftsman Architecture
  • Cottage
  • Slab Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,532 Sq Ft Home
  • Double Hung Windows
  • Wood Flooring
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Accessible Home Design

  • Doors are 32 inches wide or more
  • More Than Two Accessible Exits

Location

  • Bayside

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Hot Water Heating System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 29-00036-00005

Community Details

Overview

  • 3 Units
  • Ship Bottom Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,498

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Cottage, Craftsman
  • Accessibility Features: 2+ Access Exits, 32"+ Wide Doors
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1950
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Opportunity knocks at this hard to find triplex on LBI sitting on a 80 x 80' lot. This property has 3 units that are all included in this sale and consist of a front ; free standing cape style home with an open layout, charm, open second floor bedroom, renovated kitchen with stainless steel appliances, 2 bedrooms 1 1/2 baths with possibilities to make this a 3 bed 2 1/2 bath property. The detached duplex comes with each floor containing 2 beds 1 bath each floor , ample living space, individual outdoor showers, gas heat, and more. This property offers many different possibilities- Keep all 3 and rent them out as you like, keep one , rent two. The 80 x 80' property would allow for a substantial new build that would capture both ocean and bay views. Or, make the 3 unit's condos and divide and sell as desired. The detached duplex is also for sale as individual condos-1st floor $399,000 2nd floor $425,000.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Washer/Dryer Stacked
  • Flooring Type: Wood
  • Window Features: Double Hung
  • Fireplace: No
  • Foundation Details: Crawl Space, Slab
  • Total Sq Ft: 2532
  • Living Area Sq Ft: 2532
  • Price Per Sq Ft: 473.93
  • Above Grade Finished Sq Ft: 2532
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 2202

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Multi Units, Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Natural Gas, Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv, Electric Available
  • Water Source: Public

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 230100.00
  • Land Assessed Value: 386400.00
  • Lot Size Acres: 0.15
  • Lot Dimensions: 80.00 x 80.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6400.00
  • Property Condition: Good
  • Year Assessed: 2021
  • Zoning: OR

Rental Info

  • Units Furnished: Some
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2

Tax Info

  • Assessor Parcel Number: 3075842
  • Tax Annual Amount: 6498.00
  • Assessor Parcel Number: 29-00036-00005
  • Tax Lot: 00005
  • Tax Total Finished Sq Ft: 2532
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/28/2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 27, 2022
Closed on
Mar 11, 2022
Sold by
Peter Maszczak
Bought by
Araujo Maria Teresa
Seller's Agent
Christopher Baumann
BHHS Zack Shore REALTORS
Buyer's Agent
Irene Santoro
RE/MAX at Barnegat Bay - Ship Bottom
List Price
$1,200,000
Sold Price
$1,200,000
Current Estimated Value
$1,388,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,071
Avg. Annual Appreciation
4.25%
Original Mortgage
$900,000
Outstanding Balance
$840,224
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$547,847

Purchase Details

Closed on
Nov 13, 2020
Sold by
Maszczak Peter and York Ronald
Bought by
Maszczak Peter

Purchase Details

Closed on
Nov 4, 2016
Sold by
Maszczak Peter D
Bought by
Maszczak Peter D and York Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 17, 2012
Closed on
Jul 5, 2013
Sold by
Lempert Robert and Lempert Susan Devine
Bought by
Maszcak Peter D
Seller's Agent
RO GUINEE
BHHS Zack Shore REALTORS
Buyer's Agent
Terry Moeller
Sea Breeze Realty Group, LLC
List Price
$489,000
Sold Price
$350,000
Premium/Discount to List
-$139,000
-28.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.92%
Original Mortgage
$280,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2000
Sold by
Benson Maria
Bought by
Lempert Robert and Lempert Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
8.12%

Purchase Details

Closed on
Oct 15, 1997
Sold by
Pennisi Kathleen
Bought by
Benson Maria

Purchase Details

Closed on
Oct 10, 1995
Sold by
Sutton E Althea
Bought by
Pennisi Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.6%
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
Araujo Maria Teresa $1,200,000 Stewart Title Guaranty Company
Araujo Maria Teresa $1,200,000 Stewart Title Guaranty Company
Maszczak Peter $360,000 Olde School Title Svcs Llc
Maszczak Peter $360,000 Olde School Title Services
Maszczak Peter D -- Old Republic National Title
Maszcak Peter D $350,000 North American Title Agency
Lempert Robert $290,000 --
Benson Maria -- Independence Abstract & Titl
Pennisi Kathleen $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Araujo Maria Teresa $900,000
Closed Araujo Maria Teresa $900,000
Previous Owner Maszczak Peter D $266,000
Previous Owner Maszcak Peter D $280,000
Previous Owner Lempert Robert $200,000
Previous Owner Pennisi Kathleen $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2022 03/28/22 Sold $1,200,000 0.0% $474 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
01/27/2022 01/27/22 For Sale $1,200,000 +242.9% $474 / Sq Ft
07/07/2013 07/07/13 Sold $350,000 -28.4% $241 / Sq Ft
05/20/2013 05/20/13 Pending -- -- --
12/17/2012 12/17/12 For Sale $489,000 -- $337 / 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 $7,401 $614,200 $386,400 $227,800
2024 $7,057 $614,200 $386,400 $227,800
2023 $6,529 $614,200 $386,400 $227,800
2022 $6,529 $616,500 $386,400 $230,100
2021 $6,498 $616,500 $386,400 $230,100
2020 $6,516 $616,500 $386,400 $230,100
2019 $6,523 $616,500 $386,400 $230,100
2018 $6,535 $616,500 $386,400 $230,100
2017 $6,110 $616,500 $386,400 $230,100
2016 $5,965 $538,800 $331,200 $207,600
2015 $5,819 $538,800 $331,200 $207,600
2014 $5,814 $507,700 $331,200 $176,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2006848

Bright MLS

APN: 29-00036-0000-00005