NOT LISTED FOR SALE

Estimated Value: $788,000 - $1,151,000

-- Bed
2 Baths
1,152 Sq Ft
$870/Sq Ft Est. Value

Last Sold October 30, 2013

Last sale price $349,900 $304 Per Sq Ft

Est. 187% increase in value since last sale

Current estimated payment $5,825/month

Highlights

  • Open Floorplan
  • Deck
  • 1 Fireplace
  • Cape Cod Architecture
  • Wooded Lot
  • No HOA

About This Home

As of October 2013

Legal Duplex. Large 60x100 lot. Only 6 houses from the bay in a quiet, well kept residential neighborhood in Ship Bottom on LBI. 1 block from the municipal bay beach and 7 blocks from the bridge for quick and easy access to and from the island. Bottom level was completely renovated before Sandy. Top floor has been prepped for remodel but was never started. House only took on 8-10 inches of water but sheet rock has been gutted up to 48 inches and the floors have been taken out. Interior has been sprayed with bleach solution but no further action has been taken at this time. Current finished first floor is 6.7 ft. Flood zone AE-8 after changed maps. Perfect opportunity for a quick lift and remodel or a complete rebuild on a large 60x100 lot with a great location and and even better price.

Last Agent to Sell the Property

Christopher Davies

(609) 713-8952 CJDavies3@gmail.com Davies and DeGennaro Real Estate Listed on: 06/29/2013

Last Buyer's Agent

Nancy Spark

(609) 709-5060 nancygspark@gmail.com RE/MAX of Long Beach Island License #8336566

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,512

Year Built

  • Built in 1951

Lot Details

  • Lot Dimensions are 60x100
  • Wooded Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Cape Cod Architecture
  • Shingle Roof
  • Asbestos

Interior Spaces

  • 1,152 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • 1 Fireplace
  • Crawl Space

Additional Features

  • Deck
  • Flood Risk

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 29-00060-0000-00004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,512

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Interior Amenities: Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1152
  • Living Area Sq Ft: 1152
  • Price Per Sq Ft: 303.73
  • Above Grade Finished Sq Ft: 1152
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Asbestos
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

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: 119720.00
  • Land Assessed Value: 395916.00
  • Lot Features: Trees/Wooded
  • Lot Dimensions: 60x100
  • Outdoor Living Structures: Deck(s)
  • Zoning: R2
  • Zoning Description: R2

Rental Info

  • Furnished: Partially
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3076280
  • Tax Annual Amount: 4512.00
  • Assessor Parcel Number: 29-00060-0000-00004
  • Tax Lot: 4
  • Tax Year: 2012
  • Close Date: 10/30/2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2013
Closed on
Oct 30, 2013
Sold by
Ahlborn John and Ahlborn Steven
Bought by
Gofus John A
Seller's Agent
Christopher Davies
Davies and DeGennaro Real Estate
Buyer's Agent
Nancy Spark
RE/MAX of Long Beach Island
List Price
$374,900
Sold Price
$349,900
Premium/Discount to List
-$25,000
-6.67%
Current Estimated Value
$1,002,627

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,727
Avg. Annual Appreciation
9.76%
Original Mortgage
$300,000
Interest Rate
4.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2003
Sold by
Burns Charles
Bought by
Ahlborn John and Ahlborn Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.69%

Purchase Details

Closed on
Apr 17, 1998
Sold by
Koshlap Richard and Koshlap Irene
Bought by
Burns Charles A and Burns Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,800
Interest Rate
7.04%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Gofus John A $349,900 None Available
Ahlborn John $425,000 --
Burns Charles A $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gofus John A $300,000
Previous Owner Ahlborn John $300,000
Previous Owner Burns Charles A $136,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2013 10/30/13 Sold $349,900 -6.7% $304 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
06/29/2013 06/29/13 For Sale $374,900 -- $325 / 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 $6,107 $506,800 $360,000 $146,800
2024 $5,823 $506,800 $360,000 $146,800
2023 $5,367 $506,800 $360,000 $146,800
2022 $5,367 $506,800 $360,000 $146,800
2021 $5,342 $506,800 $360,000 $146,800
2020 $5,357 $506,800 $360,000 $146,800
2019 $5,362 $506,800 $360,000 $146,800
2018 $6,302 $594,500 $414,000 $180,500
2017 $5,892 $594,500 $414,000 $180,500
2016 $5,089 $459,700 $339,300 $120,400
2015 $4,965 $459,700 $339,300 $120,400
2014 $4,960 $459,700 $339,300 $120,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC219810

Bright MLS

APN: 29-00060-0000-00004