NOT LISTED FOR SALE

314 Sumner Ave Seaside Heights, NJ 08751

Estimated Value: $506,000 - $756,000

6 Beds
2 Baths
928 Sq Ft
$692/Sq Ft Est. Value

Last Sold December 16, 2022

Last sale price $625,000 $673 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,019/month

55 Days on Market

Highlights

  • Deck
  • Roll-in Shower
  • ENERGY STAR Qualified Windows
  • Cooling Available
  • Baseboard Heating
  • 1-Story Property

About This Home

As of December 2022

Welcome to Iconic Seaside Heights. Investment opportunity to be part of the future growth of Seaside Heights. 2 properties being offered with favorable Cap Rate as a package deal - 314 and 316 Sumner Ave ** 8 units, 6 parking spaces** 6 units occupied with year round tenants. **Updated Units** Many improvements including structural, plumbing, electrical, heating - see documents. 2 Buildings at 314 Sumner - 4 units: 3 two Bedroom, 1 one Bedroom. 2 occupied paying under market rent. Back structure fully renovated, raised 2013 providing large storage area with plumbing, electric, gas. With projected adjustment for rent of vacant apartments - Rent $69,120 Expenses $12,661 NOI $56,459. **Building at 316 Sumner - 4 studio units, all occupied. Rent $58,800 Expenses $14,383 NOI $44,417.**

Last Listed By

Bridget Murphy

Exit On The Hudson Realty License #0999572 Listed on: 10/05/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,072

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot
  • Lot Dimensions are 25 x 100

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 928 Sq Ft Home
  • 1-Story Property
  • ENERGY STAR Qualified Windows
  • Laminate Flooring
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Roll-in Shower
  • Handicap Shower

Outdoor Features

  • Deck
  • Exterior Lighting

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Natural Gas Water Heater

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: personal property of owner and tenants
  • Tenant pays for hot water
  • The owner pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 27-00031-0000-00014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,072

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Accessibility Features: Stall Shower
  • Reso Flooring: Laminate
  • Year Built: 1940
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • ExteriorDeck: Yes
  • Water Heater Tank: Yes
  • Special Needs Stall Shower: Yes
  • Floors Laminate2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 1
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront: No
  • Exclusions: personal property of owner and tenants
  • Exterior Features: Deck, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00031-0000-00014
  • Zoning Description: Neighborhood, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5072.0
  • Tax Other Annual Assessment Amount: 209600.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Dec 9, 2022
Sold by
Schelmay Theodore F
Bought by
Shcboys Llc
Seller's Agent
Bridget Murphy
Exit On The Hudson Realty
Buyer's Agent
Summit Tognetti
RE/MAX Revolution
List Price
$625,000
Sold Price
$625,000
Total Days on Market
55
Views
29
Current Estimated Value
$642,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,168
Avg. Annual Appreciation
1.57%

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
Shcboys Llc $625,000 Partners Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2022 12/16/22 Sold $625,000 0.0% $673 / Sq Ft
12/07/2022 12/07/22 For Sale $625,000 0.0% $673 / Sq Ft
11/30/2022 11/30/22 Pending -- -- --
10/29/2022 10/29/22 For Sale $625,000 0.0% $673 / Sq Ft
10/26/2022 10/26/22 Pending -- -- --
10/05/2022 10/05/22 For Sale $625,000 -- $673 / Sq Ft
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
2024 $5,512 $209,600 $100,000 $109,600
2023 $5,242 $209,600 $100,000 $109,600
2022 $5,242 $209,600 $100,000 $109,600
2021 $5,072 $209,600 $100,000 $109,600
2020 $5,089 $209,600 $100,000 $109,600
2019 $4,936 $209,600 $100,000 $109,600
2018 $4,806 $209,600 $100,000 $109,600
2017 $4,716 $209,600 $100,000 $109,600
2016 $4,636 $209,600 $100,000 $109,600
2015 $4,475 $209,600 $100,000 $109,600
2014 $3,454 $176,700 $100,000 $76,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Bridget Murphy

    Exit On The Hudson Realty

    (201) 437-0411

    15 Total Sales

    Bridget Murphy
    Section Image
  • Summit Tognetti

    Buyer's Agent in 2022

    Summit Tognetti

    RE/MAX

    (732) 746-8623

    102 Total Sales

    Summit Tognetti
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22231318

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00031-0000-00014

New Jersey Ocean County Seaside Heights 08751

314 Sumner Ave, Seaside Heights, NJ

Homes for Sale in Seaside Heights, NJ

This home is located at 314 Sumner Ave, Seaside Heights, NJ 08751 since 05 October 2022 and is currently estimated at $642,168, approximately $691 per square foot. This property was built in 1940. 314 Sumner Ave is a home located in Ocean County with nearby schools including Hugh J. Boyd Jr. Elementary School, Central Regional Middle School, and Central Regional High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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