NOT LISTED FOR SALE

223 Hamilton Ave Unit 4 Seaside Heights, NJ 08751

Estimated Value: $1,065,265 - $1,287,000

9 Beds
5 Baths
3,000 Sq Ft
$376/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $780,000 $260 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $6,783/month

177 Days on Market

About This Home

As of May 2024

This 4 unit property is like an ATM . Taxes, Ins & utilities +/-$25,000/year. Has three 2 bedroom units & one 3 bedroom 2 bath unit. 2 of the units just renovated w new kitchens, baths, floors etc & being kept vacant to show., All units have separate electric meters. Each building has separate Hot Water Heaters & Furnaces. Airbnb rents could easily exceed 100K per year for all 4 units. Walk to 2 blocks to the rides, amusements, shopping, restaurants, boardwalk & Seasides Beaches ranked in the TOP 10 in NJ. Near the New Oceanfront Beach Club w a large Pool & Cabanas. 1 Hr from NYC, Philly & AC. Conveniently located off Pky exit 82. 1 Unit presently w Year around & 3 units are empty & renovated ready for Airbnb rentals. Buyers need to be supply Mtg pre-approval.

Last Agent to Sell the Property

Michael Loundy

Seaside Heights Realty Inc. License #8435976 Listed on: 04/29/2024

Last Buyer's Agent

Michael Loundy

Seaside Heights Realty Inc. License #8435976 Listed on: 04/29/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,670

Lot Details

  • Lot Dimensions are 25x100

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Parking Spaces
  • No Garage
  • On-Street Parking

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 1111111111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,670

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Other, See Remarks
  • Subdivision Name: None
  • Reso Flooring: Vinyl
  • New Construction: No
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25X100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Vinyl3: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • General Property Info # Parking Spaces: 2.0
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Other - See Remarks
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 25X100
  • Parcel #: 1111111111
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Tenant Pays: See Remarks
  • Owner Pays: See Remarks

Tax Info

  • Tax Year: 22
  • Tax Annual Amount: 6670.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2024
Closed on
May 17, 2024
Sold by
Benway Mark and Rosa Kim
Bought by
223 Hamilton Ave Llc
Seller's Agent
Michael Loundy
Seaside Heights Realty Inc.
Buyer's Agent
Michael Loundy
Seaside Heights Realty Inc.
List Price
$799,900
Sold Price
$780,000
Premium/Discount to List
-$19,900
-2.49%
Views
22
Current Estimated Value
$1,129,316

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,316
Avg. Annual Appreciation
33.83%
Original Mortgage
$747,000
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 21, 2004
Sold by
Schmidt Michael J
Bought by
Todisco John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2004
Sold by
Foster Gregory J
Bought by
Schmidt Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
6.03%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jul 29, 2002
Sold by
Boel Christopher
Bought by
Foster Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.39%

Purchase Details

Closed on
Oct 15, 2001
Sold by
Reitano Philip
Bought by
Boel Christopher and Boel Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.92%
Source: Public Records

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
223 Hamilton Ave Llc $780,000 Iconic Title
Todisco John $480,000 Chicago Title Insurance Co
Schmidt Michael J $425,000 None Available
Foster Gregory $285,000 --
Boel Christopher $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 223 Hamilton Ave Llc $239,357
Closed 223 Hamilton Ave Llc $747,000
Previous Owner Benway Mark $434,925
Previous Owner Todisco John $335,000
Previous Owner Todisco John $432,000
Previous Owner Schmidt Michael J $42,500
Previous Owner Schmidt Michael J $340,000
Previous Owner Foster Gregory $228,000
Previous Owner Boel Christopher $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/20/2024 05/20/24 Sold $780,000 -2.5% $260 / Sq Ft
05/10/2024 05/10/24 Price Changed $799,800 0.0% $267 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
04/29/2024 04/29/24 For Sale $799,900 0.0% $267 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $799,900 -5.9% $267 / Sq Ft
11/08/2023 11/08/23 For Sale $849,900 +46.6% $283 / Sq Ft
03/22/2022 03/22/22 Sold $579,900 0.0% $193 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $579,900 0.0% $193 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $579,900 -- $193 / Sq Ft
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 $7,564 $996,300 $400,000 $596,300
2024 $7,019 $266,900 $97,500 $169,400
2023 $6,675 $266,900 $97,500 $169,400
2022 $6,675 $266,900 $97,500 $169,400
2021 $6,459 $266,900 $97,500 $169,400
2020 $6,480 $266,900 $97,500 $169,400
2019 $6,286 $266,900 $97,500 $169,400
2018 $6,120 $266,900 $97,500 $169,400
2017 $6,005 $266,900 $97,500 $169,400
2016 $5,904 $266,900 $97,500 $169,400
2015 $5,698 $266,900 $97,500 $169,400
2014 $5,218 $266,900 $97,500 $169,400
Source: Public Records

Agents Affiliated with this Home

  • Michael Loundy

    Seller's Agent in 2024

    Michael Loundy

    Seaside Heights Realty Inc.

    (732) 330-6651

    235 in this area

    273 Total Sales

    Michael Loundy
    Section Image
  • Matthew Schlosser

    Buyer's Agent in 2022

    Matthew Schlosser

    Schlosser Real Estate, Inc.

    (732) 604-3038

    4 in this area

    156 Total Sales

    Matthew Schlosser
    Section Image
  • Andrea Schlosser

    Buyer Co-Listing Agent in 2022

    Andrea Schlosser

    Schlosser Real Estate, Inc.

    (732) 600-7896

    3 in this area

    151 Total Sales

    Andrea Schlosser
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22331116

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00020-0000-00023

New Jersey Ocean County Seaside Heights 08751

223 Hamilton Ave Unit 4, Seaside Heights, NJ

This home is located at 223 Hamilton Ave Unit 4, Seaside Heights, NJ 08751 since 29 April 2024 and is currently estimated at $1,129,316, approximately $376 per square foot. 223 Hamilton Ave Unit 4 is a home located in Ocean County with nearby schools including Hugh J. Boyd Jr. Elementary School, Central Regional Middle School, and Central Regional 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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