$258,000
SOLD OCT 23, 2018

247 Sherman Ave Seaside Heights, NJ 08751

6 Beds
3 Baths
-- Sq Ft
2,178 Sq Ft Lot

Recently Sold

284 Days on Market

Highlights

  • Bayside
  • Forced Air Heating System
  • Fenced
  • Deck

About This Home

As of March 2025

Make over +/-30% on your investment (+/-$1,500 positive cash flow monthly) on this money machine based on 20% down after paying all the expenses. 3 long term great paying tenants. Newly remodeled Turn key 3 Family. New siding, windows, baths, kitchen, flooring and decks. Property features a detached cottage in the front and a two family in the rear. Two units are 2 bedrooms with 1 bath and and one 1/1. Rents are $3,450 per month. The perfect opportunity to own a turn key money maker at the beach. Click on the ''more'' link to see an itemized list of the significant recent improvements. Front building interior,New heating system.New hot water heater.New refrigerator.New floors throughout.New under the house copper plumbing water supply.New faucets in kitchen and bathroom.Back building exterior,All completed in October 2017.Completely repainted, including trim.New roof with previous roof removed.New closed in recycling area under stairs that were upgraded and stained.Back building interior,Downstairs,New heaterNew water heaterNew refrigeratorNew PVC long lasting composite floor.New storm doorNew windows (3)Upstairs,New storm doorNew faucetRecently painted.All exterior upgrades were completed in October 2017,The roof is new, also any of previous old roofs were removed.New pavers in front, and new staircase.Complete new vinyl siding and insulation. The front used a Decore vinyl shakes panel. All new gutters, leaders, and all new window trim. Two new storm doors.The back deck, new stairs and recently all stained deck.All apartments have passed recent inspections

Last Agent to Sell the Property

Michael Loundy

Seaside Heights Realty Inc. License #8435976 Listed on: 11/20/2017

Last Buyer's Agent

Michael Loundy

Seaside Heights Realty Inc. License #8435976 Listed on: 11/20/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,433

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 20 x 100
  • Fenced

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Window Screens
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Bayside

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 27-00054-0000-00051

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,433

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • Year Built: 1940
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 20 x 100
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Water Type Bayside: Yes
  • Exterior Screens2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Bayside
  • Waterfront: No
  • Exterior Features: Deck, Fence, Screens
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 20 x 100
  • Parcel #: 27-00054-0000-00051
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4433.0
  • Tax Other Annual Assessment Amount: 200400.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2024
Closed on
Mar 14, 2025
Sold by
Servidio Daniel
Bought by
1784 Hooper Avenue Llc
Seller's Agent
Lauren Servidio
O'Brien Realty, LLC
Buyer's Agent
Ana Saginario
Keller Williams Realty Spring Lake
List Price
$820,000
Sold Price
$770,000
Premium/Discount to List
-$50,000
-6.1%
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
66.37%

Purchase Details

Listed on
Jan 27, 2023
Closed on
Apr 3, 2023
Sold by
Mac Group Holdings Llc
Bought by
Servidio Daniel
Seller's Agent
Anthony Trano
Keller Williams City Views
Buyer's Agent
Lauren Servidio
Heritage House Sotheby's International Realty
List Price
$699,999
Sold Price
$650,000
Premium/Discount to List
-$49,999
-7.14%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.03%
Original Mortgage
$638,226
Interest Rate
6.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 18, 2021
Closed on
Jul 6, 2021
Sold by
Dmitry Bohdan
Bought by
Mac Group Holdings Llc
Seller's Agent
Michael Loundy
Seaside Heights Realty Inc.
Buyer's Agent
Anthony Trano
Keller Williams City Views
List Price
$374,900
Sold Price
$350,000
Premium/Discount to List
-$24,900
-6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.32%
Original Mortgage
$262,500
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2020
Sold by
Bohdan Dmitry
Bought by
Eastcoastd Enterprise Llc

Purchase Details

Listed on
Nov 20, 2017
Closed on
Oct 12, 2018
Sold by
Todisco John
Bought by
Bohdan Dmitry
Seller's Agent
Michael Loundy
Seaside Heights Realty Inc.
Buyer's Agent
Michael Loundy
Seaside Heights Realty Inc.
Sold Price
$258,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.35%
Original Mortgage
$193,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2011
Sold by
In Front Llc
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
$161,250
Interest Rate
4.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 3, 2005
Sold by
Doyle James and Doyle Susan
Bought by
In Front Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 15, 2004
Sold by
Breese Abraham H and Breese Marjorie N
Bought by
Doyle James and Doyle Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,320
Interest Rate
8.8%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Bargain Sale Deed $770,000 Old Republic Title
Bargain Sale Deed $770,000 Old Republic Title
Deed $650,000 Old Republic Title
Deed $350,000 Land Title
Deed -- None Available
Deed $258,000 None Available
Deed $215,000 Chicago Title Insurance Co
Deed -- --
Deed $95,400 Old Republic Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $638,226 FHA
Previous Owner $262,500 New Conventional
Previous Owner $193,500 New Conventional
Previous Owner $161,250 New Conventional
Previous Owner $735,000 Unknown
Previous Owner $625,000 Purchase Money Mortgage
Previous Owner $76,320 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2025 06/27/25 Price Changed $849,000 -5.6% --
05/12/2025 05/12/25 For Sale $899,000 +16.8% --
03/19/2025 03/19/25 Sold $770,000 -3.6% --
02/24/2025 02/24/25 Pending -- -- --
01/01/2025 01/01/25 Price Changed $799,000 -2.6% --
11/26/2024 11/26/24 For Sale $820,000 +26.2% --
04/03/2023 04/03/23 Sold $650,000 -7.1% $1,401 / Sq Ft
01/27/2023 01/27/23 For Sale $699,999 +100.0% $1,509 / Sq Ft
07/16/2021 07/16/21 Sold $350,000 -6.6% $175 / Sq Ft
05/13/2021 05/13/21 Pending -- -- --
01/18/2021 01/18/21 For Sale $374,900 +7.1% $187 / Sq Ft
01/14/2021 01/14/21 Off Market $350,000 -- --
01/12/2021 01/12/21 For Sale $374,900 +45.3% $187 / Sq Ft
10/23/2018 10/23/18 Sold $258,000 -- --
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 $6,078 $231,100 $90,000 $141,100
2023 $5,012 $200,400 $90,000 $110,400
2022 $5,012 $200,400 $90,000 $110,400
2021 $4,850 $200,400 $90,000 $110,400
2020 $4,866 $200,400 $90,000 $110,400
2019 $4,719 $200,400 $90,000 $110,400
2018 $4,595 $200,400 $90,000 $110,400
2017 $4,509 $200,400 $90,000 $110,400
2016 $4,433 $200,400 $90,000 $110,400
2015 $4,279 $200,400 $90,000 $110,400
2014 $3,918 $200,400 $90,000 $110,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21743917

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00054-0000-00051