NOT LISTED FOR SALE
-- Bed
-- Bath
1,051 Sq Ft
0.6 Acre Lot

Sale Details

Date Sold: December 30, 2020

Last sale price $875,000 $833 Per Sq Ft

69 Days on Market

Highlights

  • Ocean Front
  • 0.6 Acre Lot
  • Hot Water Baseboard Heater
  • Beach Access
  • Ceramic Tile Flooring

About This Home

As of December 2020

Investment Waterfront Opportunity Knocks!! Two Buildings on the property with a total of 8 Rental units. Front Building has two rental units and Back building has 6 rental units. Total monthly income is $9000. There are a total 4 - two bedroom apartments and 4 - one bedroom apartments. Each unit has separate meters for gas & electric. Property is waterfront on Sandy Hook Bay with a sandy beach & riparian grant (no dock or bulkhead). The perfect Investment Opportunity for you, the next Owner

Last Agent to Sell the Property

John Natale

Keller Williams Realty West Monmouth Listed on: 07/15/2020

Last Buyer's Agent

Daniel Vaysberg

Formula Realty, LLC License #1860179

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,154

Year Built

  • Built in 1918

Lot Details

  • 26,136 Sq Ft Lot
  • Lot Dimensions are 50 x 522
  • Ocean Front
  • Property Fronts a Bay or Harbor

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Parking

  • 8 Parking Spaces
  • Assigned Parking

Outdoor Features

  • Beach Access
  • Riparian rights to water flowing past the property

Schools

  • Highlands Elementary School
  • Henry Hudson Reg Middle School

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Baseboard Heater
  • Natural Gas Water Heater

Additional Features

  • Ocean Views
  • Crawl Space

Community Details

  • 8 Units

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 19-00056-0000-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,154

Year Built

Built in 1918

Lot Details

0.6 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • ResoLotFeatures: Bayfront, Oceanfront, Riparian Rights
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Ceramic Tile
  • New Construction: No
  • Year Built: 1918
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 50 x 522
  • Location Middle School: Henry Hudson Reg
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Lot Description Bayfront2: Yes
  • General Property Info # Parking Spaces: 8.0
  • Exterior Ocean View: Yes
  • Exterior Beach Access2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Acres: 0.6
  • Waterfront: Yes
  • Exterior Features: Beach Access, Ocean View

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Assigned
  • Total Parking Spaces: 8.0
  • General Property Info:Garage: No
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Henry Hudson Reg

Lot Info

  • Lot Dimensions: 50 x 522
  • Lot Size Sq Ft: 26136.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 19-00056-0000-00016
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13154.0
  • Tax Other Annual Assessment Amount: 450800.0

Multi Family

  • Number Of Units Total: 8

MLS Schools

  • Elementary School: Highlands

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Dec 28, 2020
Sold by
Bought by
Seller's Agent
John Natale
Keller Williams Realty West Monmouth
Buyer's Agent
Daniel Vaysberg
Formula Realty, LLC
List Price
$1,000,000
Sold Price
$875,000
Premium/Discount to List
-$125,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
2.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,130,000
Interest Rate
3.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2014
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.49%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$875,000 Land Title
-- None Available
$191,100 Gold Crest Abstract Llc
$99,075 Multiple
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $612,500
Previous Owner $2,130,000
Previous Owner $130,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $875,000 -7.9% $833 / Sq Ft
09/22/2020 09/22/20 Pending -- -- --
08/18/2020 08/18/20 Price Changed $950,000 -4.5% $904 / Sq Ft
07/27/2020 07/27/20 Price Changed $995,000 -0.5% $947 / Sq Ft
07/15/2020 07/15/20 For Sale $1,000,000 0.0% $951 / Sq Ft
01/02/2017 01/02/17 Rented $13,200 +10.0% --
03/25/2015 03/25/15 Rented $12,000 -- --
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $15,563 $933,500 $332,600 $600,900
2025 $15,563 $910,100 $314,600 $595,500
2024 $15,563 $812,200 $235,400 $576,800
2023 $15,563 $775,800 $212,400 $563,400
2022 $12,425 $564,900 $178,200 $386,700
2021 $12,425 $500,800 $162,000 $338,800
2020 $12,224 $492,100 $162,000 $330,100
2019 $13,154 $450,800 $162,000 $288,800
2018 $12,096 $415,400 $162,000 $253,400
2017 $12,184 $415,400 $162,000 $253,400
2016 $15,492 $415,400 $162,000 $253,400
2015 $15,416 $532,700 $216,000 $316,700
2014 $18,331 $572,600 $370,000 $202,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22023798

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 19 00056-0000-00016

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