NOT LISTED FOR SALE

23 Dover Ave Lavallette, NJ 08735

Estimated Value: $1,952,000 - $2,276,000

6 Beds
6 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold May 11, 2018

Last sale price $915,000

Est. 132% increase in value since last sale

Current estimated payment $11,971/month

13 Days on Market

Highlights

  • Oceanside
  • Patio
  • Awning
  • Wood Flooring
  • Zoned Heating and Cooling
  • Fenced

About This Home

As of May 2018

Unparalleled location at the Jersey Shore, this sparkling two family beach block home is a gem. Beautifully maintained 6 bedroom legal two family shore. Can easily be used as a one or two family. View of ocean from upstairs sunroom. Updated kitchens and flooring. 2 zone heating/central air-conditioning. 2 outside showers with enclosed dressing area in cedar with electric. Full basement with outside entrance for plenty of storage. Private paver block patio with retractable awning. Professionally landscaped property with sprinkler system.

Last Agent to Sell the Property

Roxanne Formisano

Keller Williams Towne Square License #8738139 Listed on: 03/16/2018

Keller Williams Towne Square

Last Buyer's Agent

Roxanne Formisano

Keller Williams Towne Square License #8738139 Listed on: 03/16/2018

Keller Williams Towne Square

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,733

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 50 x 100
  • Fenced
  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Awning
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Oceanside
  • Patio
  • Exterior Lighting

Schools

  • Lavallette Elementary School
  • Point Pleasant Beach High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 16-00025-0000-00028

Community Details

Overview

  • 2 Units

Recreation

  • Recreational Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,733

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Fenced Area, Level, Oceanside
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, Wood, Ceramic Tile
  • New Construction: No
  • Year Built: 1966
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Sprinkler Under: Yes
  • Garage None4: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Exterior Awnings2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Slab
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exterior Features: Fence, Patio, Sprinkler Under, Recreation Area, Awnings, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Paved, See Remarks, Other, Off Street, None
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 16-00025-0000-00028
  • Zoning Description: Residential, Neighborhood, Multi-Family

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 7733.0
  • Tax Other Annual Assessment Amount: 788300.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Lavallette
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
May 11, 2018
Sold by
Formisano Louis E and Formisano Patricia
Bought by
Ratz William J
Seller's Agent
Roxanne Formisano
Keller Williams Towne Square
Buyer's Agent
Roxanne Formisano
Keller Williams Towne Square
Sold Price
$915,000
Current Estimated Value
$2,120,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,205,511
Avg. Annual Appreciation
11.98%
Original Mortgage
$686,250
Outstanding Balance
$590,884
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,529,627

Purchase Details

Closed on
Dec 21, 2017
Sold by
Formisano Patricia
Bought by
Formisano Louis E and Formisano Patricia

Purchase Details

Closed on
Jan 18, 2002

Purchase Details

Closed on
Apr 20, 1999
Sold by
Scordo Fred and Scordo Elaine
Bought by
Formisano Louis E and Formisano Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
7.25%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ratz William J $915,000 Fortune Title Agency Inc
Formisano Louis E -- --
-- -- --
Formisano Louis E $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ratz William J $686,250
Previous Owner Formisano Louis E $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2018 05/11/18 Sold $915,000 -- --
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
2025 $8,748 $924,700 $752,500 $172,200
2024 $8,489 $924,700 $752,500 $172,200
2023 $7,897 $924,700 $752,500 $172,200
2022 $7,897 $924,700 $752,500 $172,200
2021 $7,638 $924,700 $752,500 $172,200
2020 $7,592 $924,700 $752,500 $172,200
2019 $7,717 $788,300 $550,000 $238,300
2018 $7,654 $788,300 $550,000 $238,300
2017 $7,733 $788,300 $550,000 $238,300
2016 $7,481 $788,300 $550,000 $238,300
2015 $7,323 $788,300 $550,000 $238,300
2014 $6,072 $579,300 $412,500 $166,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21810004

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00025-0000-00028