NOT LISTED FOR SALE

227 2nd Ave Unit 227-1/2 Manasquan, NJ 08736

Estimated Value: $933,620 - $1,006,000

5 Beds
2 Baths
-- Sq Ft
3,006 Sq Ft Lot

Last Sold September 22, 2016

Last sale price $575,000

Est. 69% increase in value since last sale

Current estimated payment $6,109/month

43 Days on Market

Highlights

  • Wood Flooring
  • Attic
  • 4-minute walk to Fisherman's Cove Conservation Area
  • Manasquan Elementary School Rated A-
  • Forced Air Zoned Heating and Cooling System

About This Home

As of September 2016

Two cottages by the sea!! Front home offers front porch, 3 bedrooms, 1 bath and was completely remodeled in 2013. Adorable garage apartment offers 2 bedrooms, 1 bath. Excellent opportunity to purchase investment property with AGI of $48,720 or live in one - rent the other! Both units have new gas heating and central ac. Storage area in lower garage apartment, both units have outdoor showers and parking.

Last Agent to Sell the Property

Lisa Smith

Richard I. Wood Agency License #8241526 Listed on: 06/16/2016

Last Buyer's Agent

Diane Russo

Richard I. Wood Agency License #0454871

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,615

Year Built

  • 1918

Lot Details

  • Lot Dimensions are 30x100

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Window Screens
  • Crawl Space
  • Pull Down Stairs to Attic
  • Stove

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Common or Shared Parking
  • Off-Street Parking

Schools

  • Manasquan Elementary And Middle School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Listing and Financial Details

  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 29-00177-0000-00052

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $1,200
  • Gross Income $48,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,615

Year Built

1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic, Attic - Pull Down Strs
  • 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: 30x100
  • Location Middle School: Manasquan
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Attic: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Cooling Single Zone Heat: Yes
  • Income Expenses WaterSewer Expense: 1200.0
  • Income Expenses Gross Income2: 48720.0
  • Unit 1 Gas Stove: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Special Features: None
  • Year Built (Public Record): 1918

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Screens
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Common, Off Street
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • GarageParking:Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 1200.0

Schools

  • Middle Or Junior School: Manasquan

Lot Info

  • Lot Dimensions: 30x100
  • Parcel #: 29-00177-0000-00052
  • Zoning Description: Residential, Non-Conforming

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6615.0
  • Tax Other Annual Assessment Amount: 464700.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 48720.0

MLS Schools

  • Elementary School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
227 Second Ave Llc
Bought by
Molloy James
Total Days on Market
43
Current Estimated Value
$970,155

Purchase Details

Listed on
Jun 16, 2016
Closed on
Oct 3, 2016
Sold by
Owens Donna L and Tave Donna L
Bought by
227 Second Ave Llc
Seller's Agent
Lisa Smith
Richard I. Wood Agency
Buyer's Agent
Diane Russo
Richard I. Wood Agency
Sold Price
$575,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Interest Rate
3.42%
Source: Public Records

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    • 2 Baths
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    Prime multi family opportunity in Manasquan Beach! Live in one unit and rent the other, or take advantage of renting both as an investment. The property has a long history of being rented for summer and winter rentals. The front house consists of 3 bedrooms 1 bath, plus an office and rear house is 1 bedroom 1 bathroom. Both houses are raised providing full garage/storage space, plus off street

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    Section Image

Range of Values:

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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
Molloy James $635,000 Accommodation
Molloy James $635,000 Land Title
227 Second Ave Llc $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 227 Second Ave Llc --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/22/2016 09/22/16 Sold $575,000 -- --
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
2024 $7,951 $464,700 $349,900 $114,800
2023 $7,951 $464,700 $349,900 $114,800
2022 $7,604 $464,700 $349,900 $114,800
2021 $7,604 $464,700 $349,900 $114,800
2020 $7,547 $464,700 $349,900 $114,800
2019 $7,263 $464,700 $349,900 $114,800
2018 $7,101 $464,700 $349,900 $114,800
2017 $6,831 $464,700 $349,900 $114,800
2016 $6,650 $464,700 $349,900 $114,800
2015 $6,616 $387,100 $247,000 $140,100
2014 $6,610 $387,200 $247,000 $140,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21623938

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 29-00177-0000-00052