NOT LISTED FOR SALE

Estimated Value: $946,000 - $1,503,000

4 Beds
2 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold June 10, 2016

Last sale price $555,750

Est. 135% increase in value since last sale

Current estimated payment $7,456/month

59 Days on Market

Highlights

  • Bay View
  • Deck
  • Corner Lot
  • Bayside
  • Wood Flooring
  • 1 Car Detached Garage

About This Home

As of June 2016

If you have always wanted a home at the beach AND an income producing property you have found it. A multifamily home with an interior stair. Use as a 4 bedroom 2 bath with a family room or a mother daughter home with 2 kitchens or lock the door at the top of the stairs and have two 2 bedroom 1 bath apartments. Separate meters/2 zone heat and air. Detached garage. Bay views from both floors. A few short blocks to the Surf City guarded bay beach.

Last Agent to Sell the Property

Diane Kett

Greater Coastal Realty Listed on: 02/20/2016

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,558

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 50 x 100
  • Street terminates at a dead end
  • Fenced
  • Corner Lot

Parking

  • 1 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Awning
  • Bay Views
  • Crawl Space
  • Storm Doors

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Location

  • Bayside

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 32-00109-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,558

Year Built

Built in 1960

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Bayside, Corner Lot, Dead End Street
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Cable TV
  • New Construction: No
  • Year Built: 1960
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Lot Description Dead End Street: Yes
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Lot Description Bayside2: Yes
  • Water Type Bayview: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Electric Stove2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Exterior Bay View: Yes
  • Exterior Awnings2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront Features: Bayview
  • Waterfront: No
  • Exterior Features: Deck, Fence, Patio, Storm Door(s), Awnings, Bay View
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 32-00109-0000-00004
  • Zoning Description: Residential, Multi-Family

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 5558.0
  • Tax Other Annual Assessment Amount: 577800.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2016
Closed on
Jun 1, 2016
Sold by
Mcdermott Michael P and Mcdermott Kathleen L
Bought by
Kerr Samuel K and Kerr Elisabeth A
Seller's Agent
Diane Kett
Greater Coastal Realty
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$555,750
Current Estimated Value
$1,307,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$751,979
Avg. Annual Appreciation
10.33%
Original Mortgage
$386,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2001
Sold by
Fabian John
Bought by
Mcdermott Michael and Mc Dermott Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
6.88%

Purchase Details

Closed on
May 11, 1999
Sold by
Frommelt Andrew E R and Blauvelt Marjorie H
Bought by
Fabian John and Fabian Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.47%
Mortgage Type
Stand Alone First
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
Kerr Samuel K $555,750 --
Mcdermott Michael $395,000 --
Mcdermott Michael $395,000 --
Fabian John $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kerr Samuel K $386,000
Previous Owner Mcdermott Michael $263,000
Previous Owner Fabian John $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2016 06/10/16 Sold $555,750 -- --
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
2025 $6,601 $632,900 $440,000 $192,900
2024 $6,361 $632,900 $440,000 $192,900
2023 $6,202 $632,900 $440,000 $192,900
2022 $6,202 $632,900 $440,000 $192,900
2021 $5,701 $632,900 $440,000 $192,900
2020 $5,525 $632,900 $440,000 $192,900
2019 $5,513 $632,900 $440,000 $192,900
2018 $5,865 $577,800 $377,000 $200,800
2017 $5,940 $577,800 $377,000 $200,800
2016 $5,795 $577,800 $377,000 $200,800
2015 $5,558 $577,800 $377,000 $200,800
2014 $5,434 $567,800 $377,000 $190,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21606239

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-00109-0000-00004