NOT LISTED FOR SALE

240 Sherman Ave Seaside Heights, NJ 08751

Estimated Value: $525,000 - $758,000

4 Beds
3 Baths
-- Sq Ft
2,614 Sq Ft Lot

Last Sold July 31, 2023

Last sale price $650,000

Est. 1% increase in value since last sale

Current estimated payment $4,039/month

9 Days on Market

Highlights

  • Oceanside
  • Home Security System
  • Multiple cooling system units
  • Storm Windows
  • Tankless Water Heater
  • Hot Water Heating System

About This Home

As of July 2023

Under Attorney Review accepting back up offers. Calling all Investors, this 3-Family is totally renovated! The front house offers two 1-bedroom, 1-bathroom apartments, the rear house has 2 bedrooms and one full bath. All units have brand new flooring, white shaker cabinets, appliances, tankless water heaters, energy efficient split air/heating units, recessed lighting, ceiling fans, stand up shower enclosures, and more! All units are rented year-round with 50K in rent annually. Coin -operated washer and dryer on the premises with storage for each unit. Walking distance to boardwalk, restaurants and attractions.

Last Agent to Sell the Property

Alyson Scudiero

Van Dyk Group License #1753403 Listed on: 06/14/2023

Last Buyer's Agent

dawn geraldi

Keller Williams Realty Ocean Living License #1110927

Keller Williams Realty Ocean Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,105

Year Built

  • Built in 1946

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Vinyl Flooring
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Home Security System
  • Storm Windows

Outdoor Features

  • Oceanside

Utilities

  • Multiple cooling system units
  • Central Air
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Tankless Water Heater
  • Natural Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: Tenants personal belongings
  • Tenant pays for hot water
  • Assessor Parcel Number 27-00053-0000-00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,105

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Reso Flooring: Vinyl
  • New Construction: No
  • Year Built: 1946
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25 x 100
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Floors Vinyl3: Yes
  • Water Heater Natural Gas2: Yes
  • Cooling Multi Units: Yes
  • Exterior Security System5: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Energy Features Storm Windows: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 1
  • Basement:Crawl Space: Yes
  • Appliances:Water Heater - Tankless: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exclusions: Tenants personal belongings
  • Exterior Features: Security System
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Multi Units, Other
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00053-0000-00019
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6105.0
  • Tax Other Annual Assessment Amount: 244100.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2023
Closed on
Jul 31, 2023
Sold by
240 Sherman Estate Llc
Bought by
Mallampati Murali and Yejella Rajani
Seller's Agent
Alyson Scudiero
Van Dyk Group
Buyer's Agent
dawn geraldi
Keller Williams Realty Ocean Living
List Price
$660,000
Sold Price
$650,000
Premium/Discount to List
-$10,000
-1.52%
Views
82
Current Estimated Value
$655,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,555
Avg. Annual Appreciation
0.39%
Original Mortgage
$455,000
Outstanding Balance
$449,971
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$205,584

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 25, 2021
Sold by
Ramkissoon Nandanie
Bought by
240 Sherman Llc
Seller's Agent
Diana Pellegrino
ERA Central Realty Group
Buyer's Agent
Alyson Scudiero
Van Dyk Group
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.32%
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 13, 2021
Sold by
240 Sherman Properties Llc
Bought by
Ramkissoon Nandanie
Seller's Agent
Diana Pellegrino
ERA Central Realty Group
Buyer's Agent
Alyson Scudiero
Van Dyk Group
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 11, 2021
Sold by
240 Sherman Properties Llc
Bought by
Ramkissoon Nandanie
Seller's Agent
Diana Pellegrino
ERA Central Realty Group
Buyer's Agent
Alyson Scudiero
Van Dyk Group
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2019
Sold by
Cece Lori A and Cassano Rocco
Bought by
240 Sherman Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Mallampati Murali $650,000 Allstate Title
240 Sherman Llc -- Elite Title Group Llc
Ramkissoon Nandanie $500,000 Elite Title Group
Ramkissoon Nandanie $500,000 Elite Title Group Llc
240 Sherman Properties Llc $100,000 River Edge Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mallampati Murali $455,000
Previous Owner Ramkissoon Nandanie $375,000
Previous Owner Ramkissoon Nandanie $375,000
Previous Owner 240 Sherman Properties Llc $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2023 07/31/23 Sold $650,000 -1.5% --
06/23/2023 06/23/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $660,000 +32.0% --
08/13/2021 08/13/21 Sold $500,000 0.0% --
07/06/2021 07/06/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $500,000 -- --
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 $6,918 $666,900 $387,500 $279,400
2024 $6,420 $244,100 $100,000 $144,100
2023 $6,105 $244,100 $100,000 $144,100
2022 $6,105 $244,100 $100,000 $144,100
2021 $5,907 $244,100 $100,000 $144,100
2020 $4,951 $203,900 $100,000 $103,900
2019 $4,802 $203,900 $100,000 $103,900
2018 $4,675 $203,900 $100,000 $103,900
2017 $4,588 $203,900 $100,000 $103,900
2016 $4,510 $203,900 $100,000 $103,900
2015 $4,353 $203,900 $100,000 $103,900
2014 $3,986 $203,900 $100,000 $103,900
Source: Public Records

Agents Affiliated with this Home

  • Alyson Scudiero

    Seller's Agent in 2023

    Alyson Scudiero

    Van Dyk Group

    (732) 609-5300

    10 in this area

    30 Total Sales

    Alyson Scudiero
    Section Image

  • d

    Buyer's Agent in 2023

    dawn geraldi

    Keller Williams Realty Ocean Living

    (732) 688-0760

    3 in this area

    34 Total Sales

    dawn geraldi
    Section Image

  • D

    Seller's Agent in 2021

    Diana Pellegrino

    ERA Central Realty Group

  • M

    Seller Co-Listing Agent in 2021

    Michael Pellegrino

    ERA Central Realty Group

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22316113

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00053-0000-00019

New Jersey Ocean County Seaside Heights 08751

240 Sherman Ave, Seaside Heights, NJ

This home is located at 240 Sherman Ave, Seaside Heights, NJ 08751 since 14 June 2023 and is currently estimated at $655,555. This property was built in 1946. 240 Sherman Ave 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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