NOT LISTED FOR SALE

Estimated Value: $883,000 - $1,614,000

-- Bed
4 Baths
1,920 Sq Ft
$685/Sq Ft Est. Value

Last Sold March 02, 2018

Last sale price $655,000 $341 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $7,577/month

Highlights

  • Ocean View
  • Deck
  • Porch
  • Open Floorplan
  • No HOA
  • Recessed Lighting

About This Home

As of March 2018

An incredible, conveniently located duplex opportunity has just hit the market. Easy access on and off the island with close proximity to the beach, bay and all that Surf City has to offer! You'll surely be impressed by this 3 Br, 1.5 bath over 3 Br, 1.5 bath duplex. Live on one floor while you rent out the other, rent out both floors and maximize your income potential or invite more friends and family to come visit and bask in the summer sun and fun! However you wish to utilize this property, you won't be disappointed! Some features include - 4 newly remodeled baths, brand new 2nd floor central AC, new refrigerator and oven, 50 x 100 lot on a great street and location! The current sellers utilized the top floor unit with volume ceilings/sky lights as the owners unit and would occasionally rent our the 1st floor for 1600-1800/week. Outstanding potential exists with this property! Come take a look today!

Last Agent to Sell the Property

Kevin Farnung

(609) 713-1538 Kevin@Soldby2Kevins.com SERHANT. New Jersey LLC License #0342658 Listed on: 12/26/2017

Last Buyer's Agent

Joanne Stewart

(908) 591-2005 joannestewart@remax.net RE/MAX at Barnegat Bay - Manahawkin License #8642337

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,403

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 50x100
  • Level Lot
  • The property's topography is level

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Side-by-Side
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 1,920 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Insulated Windows
  • Double Hung Windows
  • French Doors
  • Ocean Views
  • Crawl Space
  • Storm Doors
  • Stacked Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Stove
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Tile or Brick

Outdoor Features

  • Outdoor Shower
  • Deck
  • Storage Shed
  • Porch

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units
  • Surf City Subdivision

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 32-00067-0000-00025

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,403

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • Exclusions: Personal items, sold unfurnished
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1970
  • Remarks Public: An incredible, conveniently located duplex opportunity has just hit the market. Easy access on and off the island with close proximity to the beach, bay and all that Surf City has to offer! You'll surely be impressed by this 3 Br, 1.5 bath over 3 Br, 1.5 bath duplex. Live on one floor while you rent out the other, rent out both floors and maximize your income potential or invite more friends and family to come visit and bask in the summer sun and fun! However you wish to utilize this property, you won't be disappointed! Some features include - 4 newly remodeled baths, brand new 2nd floor central AC, new refrigerator and oven, 50 x 100 lot on a great street and location! The current sellers utilized the top floor unit with volume ceilings/sky lights as the owners unit and would occasionally rent our the 1st floor for 1600-1800/week. Outstanding potential exists with this property! Come take a look today!
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Built-In Microwave, Refrigerator, Washer/Dryer Stacked, Stove
  • Flooring Type: Tile/Brick, Fully Carpeted
  • Interior Amenities: Window Treatments, Ceiling Fan(s), Kitchen - Island, Floor Plan - Open, Recessed Lighting
  • Window Features: Double Hung, Insulated
  • Fireplace: No
  • Door Features: French, Storm
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1920
  • Living Area Sq Ft: 1920
  • Price Per Sq Ft: 359.32
  • Above Grade Finished Sq Ft: 1920
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 263

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • View: Ocean
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: Yes

Garage/Parking

  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 175600.00
  • Land Assessed Value: 350000.00
  • Lot Features: Level
  • Lot Dimensions: 50x100
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Topography: Level
  • Zoning: RA
  • Zoning Description: RA

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 3094880
  • Tax Annual Amount: 5403.00
  • Assessor Parcel Number: 32-00067-0000-00025
  • Tax Lot: 25
  • Tax Year: 2017
  • Close Date: 03/02/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2017
Closed on
Feb 23, 2018
Sold by
Recine Anthony A and Recine Karen M
Bought by
Simmons Bruce V
Seller's Agent
Kevin Farnung
SERHANT. New Jersey LLC
Buyer's Agent
Joanne Stewart
RE/MAX at Barnegat Bay - Manahawkin
List Price
$689,900
Sold Price
$655,000
Premium/Discount to List
-$34,900
-5.06%
Current Estimated Value
$1,315,274

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$660,274
Avg. Annual Appreciation
11.45%
Original Mortgage
$491,250
Outstanding Balance
$419,354
Interest Rate
4.22%
Mortgage Type
New Conventional
Estimated Equity
$1,065,736

Purchase Details

Closed on
Dec 10, 2010
Sold by
Ortman Kathryn E
Bought by
Recine Anthony A and Recine Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 3, 1998
Sold by
Mccauley Charles F
Bought by
Ortman Charles H and Ortman Kathryn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,000
Interest Rate
6.93%
Source: Public Records

Range of Values:

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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
Simmons Bruce V $655,000 --
Recine Anthony A $595,000 First American Title Ins Co
Ortman Charles H $223,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simmons Bruce V $491,250
Previous Owner Recine Anthony A $100,000
Previous Owner Ortman Charles H $213,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2018 03/02/18 Sold $655,000 -5.1% $341 / Sq Ft
01/26/2018 01/26/18 Pending -- -- --
12/26/2017 12/26/17 For Sale $689,900 -- $359 / Sq Ft
Source: Bright MLS

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 $6,837 $655,500 $425,000 $230,500
2024 $6,588 $655,500 $425,000 $230,500
2023 $6,424 $655,500 $425,000 $230,500
2022 $6,424 $655,500 $425,000 $230,500
2021 $5,913 $655,500 $425,000 $230,500
2020 $5,723 $655,500 $425,000 $230,500
2019 $5,709 $655,500 $425,000 $230,500
2018 $5,335 $525,600 $350,000 $175,600
2017 $5,403 $525,600 $350,000 $175,600
2016 $5,272 $525,600 $350,000 $175,600
2015 $5,056 $525,600 $350,000 $175,600
2014 $5,030 $525,600 $350,000 $175,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC159626

Bright MLS

APN: 32-00067-0000-00025