NOT LISTED FOR SALE

302 Bay Blvd Seaside Heights, NJ 08751

Estimated Value: $654,000 - $744,000

6 Beds
2 Baths
-- Sq Ft
3,746 Sq Ft Lot

Last Sold May 27, 2020

Last sale price $380,000

Est. 87% increase in value since last sale

Current estimated payment $4,546/month

34 Days on Market

Highlights

  • Bay View
  • Deck
  • Forced Air Heating and Cooling System
  • Bayside
  • Shed

About This Home

As of May 2020

Do you love the beach and want to live there and have an income? Well you found it! This two family home has 3 bedrooms and one bath in each unit. Lower unit has been remodeled and already income producing with tenants. Upper unit has large deck for relaxing. There is 2 car parking for each unit, a storage shed and room under the house. Near shopping,restaurants, close enough to the beach and boardwalk to enjoy life at the beach but far enough from the hustle and bustle.

Last Agent to Sell the Property

Vivian Ruggeri

Ruggeri Realty, LLC License #0784596 Listed on: 02/01/2020

Last Buyer's Agent

Travis Newarski

John C. Conover Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,698

Year Built

  • Built in 1940

Lot Details

  • 3,746

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bay Views
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Additional Features

  • Lot Dimensions are 37.5 x 100
  • Bayside

Community Details

  • 2 Units
  • Gross Income $21,600
  • Fenced Storage

Listing and Financial Details

  • Exclusions: Personal Items
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 27-00028-0000-00037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,698

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Bayside
  • Subdivision Name: None
  • Year Built: 1940
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 37.5 x 100
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Lot Description Bayside2: Yes
  • Exterior Shed3: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Water Type Bayside: Yes
  • Income Expenses Gross Income2: 21600.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Unit 2 Gas Stove2: Yes
  • Exterior Bay View: Yes
  • Unit 2 Washer Hookup2: Yes
  • Exterior Locked Storage2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront Features: Bayside
  • Waterfront: No
  • Exclusions: Personal Items
  • Exterior Features: Deck, Bay View, Locked Storage
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, Assigned
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 37.5 x 100
  • Parcel #: 27-00028-0000-00037
  • Zoning Description: Residential

Rental Info

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

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6698.0
  • Tax Other Annual Assessment Amount: 284400.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 21600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
May 11, 2020
Sold by
Brasier William and Brasier Linda
Bought by
Cavadas Cabelo Maria V
Seller's Agent
Vivian Ruggeri
Ruggeri Realty, LLC
Buyer's Agent
Travis Newarski
John C. Conover Agency
List Price
$419,777
Sold Price
$380,000
Premium/Discount to List
-$39,777
-9.48%
Current Estimated Value
$712,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,465
Avg. Annual Appreciation
12.72%
Original Mortgage
$371,387
Outstanding Balance
$329,820
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$382,645

Purchase Details

Closed on
Feb 26, 2002
Sold by
Haag Raymond
Bought by
Brasier William and Brasier Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,300
Interest Rate
7.01%

Purchase Details

Closed on
Dec 11, 2000
Sold by
Rasinski Henry
Bought by
Brasier William and Brasier Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
7.7%
Source: Public Records

Range of Values:

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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
Cavadas Cabelo Maria V $380,000 Pinnacle Title Agency Inc
Brasier William $47,000 --
Brasier William $145,000 --
Brasier William $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cavadas Cabelo Maria V $371,387
Previous Owner Brasier William $70,000
Previous Owner Brasier William $70,000
Previous Owner Brasier William R $58,600
Previous Owner Brasier William $75,000
Previous Owner Brasier William $42,300
Previous Owner Brasier William $130,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2020 05/27/20 Sold $380,000 -9.5% --
03/07/2020 03/07/20 Pending -- -- --
02/01/2020 02/01/20 For Sale $419,777 -- --
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 $8,060 $743,800 $485,000 $258,800
2024 $7,480 $284,400 $126,000 $158,400
2023 $7,113 $284,400 $126,000 $158,400
2022 $7,113 $284,400 $126,000 $158,400
2021 $6,437 $284,400 $126,000 $158,400
2020 $6,905 $284,400 $126,000 $158,400
2019 $6,698 $284,400 $126,000 $158,400
2018 $6,521 $284,400 $126,000 $158,400
2017 $5,144 $228,600 $126,000 $102,600
2016 $5,057 $228,600 $126,000 $102,600
2015 $4,881 $228,600 $126,000 $102,600
2014 $4,469 $228,600 $126,000 $102,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22004170

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00028-0000-00037