NOT LISTED FOR SALE

Estimated Value: $1,201,378

-- Bed
2 Baths
2,016 Sq Ft
$596/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $575,000 $285 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $7,193/month

38 Days on Market

Highlights

  • Parking available for a boat
  • Deck
  • Attic
  • Bayside
  • Wood Flooring
  • No HOA

About This Home

As of April 2017

Great income producing duplex situated on an oversized 60x100 lot bayside in Ship Bottom. Each floor offers 3 bedrooms, and 1 bath, front and back decks. Plenty of parking out front and a great large backyard. Siding and windows are new and upper decks have just been added. This property is a short walk to the Ocean Beach or to a beautiful guarded Bay Beach and park located at the end of the street. Perfect for income buyers with 40,000 per year rental history or for rental and family Beach home. Oversized 60x100 lot provides this property with strong underlying value.

Last Listed By

Edward Freeman Sr

RE/MAX at Barnegat Bay - Ship Bottom License #0562673 Listed on: 01/16/2017

RE/MAX at Barnegat Bay - Ship Bottom

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,983

Year Built

  • Built in 1966

Lot Details

  • Lot Dimensions are 60x100
  • Level Lot
  • The property's topography is level

Home Design

  • Duplex
  • Side-by-Side
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • Window Treatments
  • Crawl Space
  • Storm Windows
  • Stacked Washer and Dryer
  • Attic

Kitchen

  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Parking

  • Oversized Parking
  • Driveway
  • Off-Street Parking
  • Parking available for a boat

Outdoor Features

  • Outdoor Shower
  • Deck

Location

  • Flood Risk
  • Bayside

Community Details

  • No Home Owners Association
  • Ship Bottom Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 29-00074-0000-00024

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,983

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1966
  • Remarks Public: Great income producing duplex situated on an oversized 60x100 lot bayside in Ship Bottom. Each floor offers 3 bedrooms, and 1 bath, front and back decks. Plenty of parking out front and a great large backyard. Siding and windows are new and upper decks have just been added. This property is a short walk to the Ocean Beach or to a beautiful guarded Bay Beach and park located at the end of the street. Perfect for income buyers with 40,000 per year rental history or for rental and family Beach home. Oversized 60x100 lot provides this property with strong underlying value.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Cooktop, Dishwasher, Built-In Microwave, Refrigerator, Washer/Dryer Stacked
  • Flooring Type: Laminated, Fully Carpeted, Wood
  • Interior Amenities: Attic, Window Treatments
  • Window Features: Storm
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2016
  • Living Area Sq Ft: 2016
  • Price Per Sq Ft: 292.16
  • Above Grade Finished Sq Ft: 2016
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 267

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower, Boat Storage
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage Features: Oversized
  • Type Of Parking: Driveway, 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: 166400.00
  • Land Assessed Value: 295000.00
  • Land Lease: No
  • Lot Features: Level
  • Lot Dimensions: 60x100
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: R-1
  • Zoning Description: r-1

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1

Tax Info

  • Assessor Parcel Number: 3076501
  • Tax Annual Amount: 4983.00
  • Assessor Parcel Number: 29-00074-0000-00024
  • Tax Lot: 24
  • Tax Year: 2015
  • Close Date: 04/07/2017

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 7, 2017
Sold by
Stonehenge Development Llc
Bought by
Siino Siino R and Siino Lisa
Seller's Agent
Edward Freeman Sr
RE/MAX at Barnegat Bay - Ship Bottom
Buyer's Agent
Randy Sinor
Mary Allen Realty, Inc.
List Price
$589,000
Sold Price
$575,000
Premium/Discount to List
-$14,000
-2.38%
Total Days on Market
38
Current Estimated Value
$1,201,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$626,378
Avg. Annual Appreciation
9.51%
Original Mortgage
$350,000
Outstanding Balance
$293,831
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$907,547

Purchase Details

Closed on
Oct 28, 2013
Sold by
Moore George H
Bought by
Stonehenge Development Llc

Purchase Details

Closed on
Jan 19, 2013
Sold by
Moore George H
Bought by
Moore George H

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
Siino Siino R $575,000 Fiirst American Title
Stonehenge Development Llc $405,000 Target Title Agency Inc
Moore George H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siino Siino R $350,000
Previous Owner Moore George H $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2017 04/07/17 Sold $575,000 -2.4% $285 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $589,000 -- $292 / 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
2024 $6,393 $556,400 $350,000 $206,400
2023 $5,892 $556,400 $350,000 $206,400
2022 $5,892 $556,400 $350,000 $206,400
2021 $5,864 $556,400 $350,000 $206,400
2020 $5,881 $556,400 $350,000 $206,400
2019 $5,887 $556,400 $350,000 $206,400
2018 $5,898 $556,400 $350,000 $206,400
2017 $5,455 $550,500 $350,000 $200,500
2016 $5,108 $461,400 $295,000 $166,400
2015 $4,983 $461,400 $295,000 $166,400
2014 $4,979 $461,400 $295,000 $166,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC173174

Bright MLS

APN: 29-00074-0000-00024