$475,000
SOLD OCT 11, 2024

28 E Penguin Way Lavallette, NJ 08735

2 Beds
1 Bath
520 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$913 Per Sq Ft

8% Below List Price

55 Days on Market

Highlights

  • Community Beach Access
  • New Kitchen
  • Granite Countertops
  • Oceanside
  • Clubhouse
  • Cottage

About This Home

As of October 2024

Sellers are willing to negotiate and offering a credit towards the first year's lease payment! This 2 bedroom, ocean-block cottage just underwent a complete transformation. Brand-new kitchen with stainless steel appliances (including dishwasher), new bathroom with tiled shower and new flooring, 3 new split-duct heating/air units and new vinyl siding and roof. The new washer and dryer sits within a large laundry closet with room for storage. Another great feature: it is raised which gives added privacy and comfort. This home is on leased land which is a tax write off if rented seasonally. Move in now!

Last Agent to Sell the Property

Angela Serio

Ocean Beach Sales License #0125329

Last Buyer's Agent

Angela Serio

Ocean Beach Sales License #0125329

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,102

Year Built

  • Built in 1952

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50 x 32
  • Land Lease

HOA Fees

  • $60 Monthly HOA Fees

Home Design

  • Cottage
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 520 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Crawl Space

Kitchen

  • New Kitchen
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Parking

  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Oceanside
  • Patio

Utilities

  • Multiple cooling system units
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Nothing
  • Assessor Parcel Number 08-01110-13-00012

Community Details

Overview

  • Ocean Beach Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Beach
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,102

Year Built

Built in 1952

Lot Details

0

HOA Fees

$60 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oceanside, Leased Land
  • Reso Association Amenities: Beach, Association, Clubhouse, Playground
  • Inclusions: Washer, Ceiling Fan(s), Dishwasher, Dryer, Microwave, Refrigerator, Gas Cooking
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • New Construction: No
  • Year Built: 1952
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 50 x 32
  • Kitchen Newer: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Common Elements Clubhouse: Yes
  • Included Ceiling Fan(s): Yes
  • Common Elements Playground: Yes
  • Kitchen GraniteStone Counter: Yes
  • Living Room Floor - Laminate3: Yes
  • Kitchen Floor - Laminate2: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: Yes
  • Lot Description Leased Land: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: Nothing
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Driveway
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Electric, See Remarks
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee: 724.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 50 x 32
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 08-01110-13-00012
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7102.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $475,000 -4.0% $913 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/15/2024 09/15/24 Price Changed $495,000 -0.8% $952 / Sq Ft
08/09/2024 08/09/24 Price Changed $499,000 -3.9% $960 / Sq Ft
07/25/2024 07/25/24 For Sale $519,000 +73.0% $998 / Sq Ft
04/12/2024 04/12/24 Sold $300,000 -14.0% $577 / Sq Ft
03/16/2024 03/16/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $349,000 -- $671 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $7,102 $410,300 $292,000 $118,300
2023 $6,848 $410,300 $292,000 $118,300
2022 $6,848 $410,300 $292,000 $118,300
2021 $5,879 $234,700 $230,000 $4,700
2020 $5,853 $234,700 $230,000 $4,700
2019 $5,600 $234,700 $230,000 $4,700
2018 $5,525 $234,700 $230,000 $4,700
2017 $5,478 $234,700 $230,000 $4,700
2016 $5,335 $234,700 $230,000 $4,700
2015 $5,133 $234,700 $230,000 $4,700
2014 $4,886 $234,700 $230,000 $4,700
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $380,000 New Conventional
Closed $254,000 New Conventional
Source: Public Records

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Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22421304

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01110-13-00012