NOT LISTED FOR SALE

24 Virginia Ave Lavallette, NJ 08735

Estimated Value: $1,214,000 - $1,686,000

2 Beds
1 Bath
-- Sq Ft
5,009 Sq Ft Lot

Sale Details

Date Sold: April 2, 2019

Last sale price $735,000

Est. 100% increase in value since last sale

Current estimated payment $8,757 / mo

25 Days on Market

Highlights

  • Oceanside
  • Heating Available
  • 1-Story Property
  • Cooling Available

About This Home

As of April 2019

OCEAN BLOCK OPPORTUNITY! Lowest-priced 50x100 ocean block property in Lavallette! Currently legal 2F with two 2 BR/1 BA homes. Both had central AC & heat. Owner was in process of raising front house when decided to sell creating unique opportunity for you! Due diligence and evaluation from engineer would be required to keep existing structures. Front house is strictly as is/where is (cannot enter). REAL VALUE IS IN THE LAND! You can build the beach home of your dreams--exactly the way you want it--on this prime 50x100 conforming lot. More good news--taxes are comparatively low in Lavallette. Just imagine the possibilities! Property does not border Rte. 35N and is centrally located--close to beach, boardwalk, shops, eateries, school and town hall. Why not live your dream?

Last Agent to Sell the Property

Laurie Enoch

Diane Turton, Realtors-Lavallette Listed on: 01/26/2019

Last Buyer's Agent

Alfred Sica

A J Sica Enterprises Inc License #7867374

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,609

Lot Details

  • 5,009

Parking

  • Off-Street Parking

Home Design

  • Duplex

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Lavallette Elementary School
  • Point Pleasant Beach High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 1-Story Property
  • Oceanside
  • Lot Dimensions are 50 x 100

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Furniture and personal items.
  • Assessor Parcel Number 16-00017-0000-00027

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,609

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • WaterSewer Public Water: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • BasementOther: Yes

Exterior Features

  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exclusions: Furniture and personal items.

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other, See Remarks
  • HeatingYN: Yes
  • Water Source: Public

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 16-00017-0000-00027

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6609.0
  • Tax Other Annual Assessment Amount: 680600.0

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
Jan 26, 2019
Closed on
Mar 20, 2019
Sold by
Cavallo Salvatore and Cavallo Danielle
Bought by
58 Pershing Boulevard Llc
Seller's Agent
Laurie Enoch
Diane Turton, Realtors-Lavallette
Buyer's Agent
Alfred Sica
A J Sica Enterprises Inc
Sold Price
$735,000
Current Estimated Value
$1,470,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$735,664
Avg. Annual Appreciation
10.43%

Purchase Details

Closed on
Aug 6, 1999
Sold by
Cavallo Robert and Gonzalez Danielle
Bought by
Cavallo Salvatore and Cavallo Patricia

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:

--
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
58 Pershing Boulevard Llc $735,000 First American Title Ins Co
Cavallo Salvatore $215,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cavallo Salvatore $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2019 04/02/19 Sold $735,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $10,037 $989,800 $702,500 $287,300
2024 $9,086 $989,800 $702,500 $287,300
2023 $8,453 $989,800 $702,500 $287,300
2022 $8,453 $989,800 $702,500 $287,300
2021 $8,165 $989,800 $702,500 $287,300
2020 $6,274 $764,200 $702,500 $61,700
2019 $6,663 $680,600 $550,000 $130,600
2018 $6,609 $680,600 $550,000 $130,600
2017 $6,677 $680,600 $550,000 $130,600
2016 $6,459 $680,600 $550,000 $130,600
2015 $6,323 $680,600 $550,000 $130,600
2014 $6,350 $680,600 $550,000 $130,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21903522

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00017-0000-00027

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