NOT LISTED FOR SALE

316 15th Ave Belmar, NJ 07719

Estimated Value: $791,000 - $1,109,000

5 Beds
3 Baths
940 Sq Ft
$1,039/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $785,000 $835 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,206/month

56 Days on Market

Highlights

  • Carriage House
  • Porch
  • Forced Air Heating and Cooling System
  • No HOA
  • Multiple cooling system units
  • 5-minute walk to Mitzi and Emily's Playground

About This Home

As of July 2021

Freshly painted in the Key West Style this cozy, ''beachy'', 3-unit property is only 2.5 blocks from the sand! It comprises a 2 bd/1 ba Front Cottage (800+/- SF) and a Rear Carriage House (1375+/- SF). Your Carriage House includes a 1 bd/1 ba downstairs unit (R#1 @ 400+/- SF), a 2 bd/1ba upstairs unit (R#2 @ 600+/- SF), a garage (350+/- SF) and a garden shed (25+/-SF). There is a nice little shared lawn area between the buildings that is fenced on 3 sides.Your Front Cottage features a great front porch, its own W/D, a dishwasher and a small Yankee cellar. It has all NEW: Roof, front & rear steps/walkways, front porch posts & rails, back stoop, window screens, gas furnace & central A/C. The oil tank was recently removed & passed inspection. Your Carriage House contains a full-sized W/D in the garage for occupant use, and is equipped with several NEW features: Roof, high quality upper story siding, patio surface, LED solar security lights, custom carriage house doors & side entry door, 2 new rear windows, updated electrical & fiber optic panels, and a new 3/4" water line providing excellent water pressure. Unit R#1 is very bright and airy with fresh tropical paint colors. It has new carpets, all new windows and doors with stained glass laminates, a new Andersen storm door, new stainless steel kitchen appliances and a standing shower in the bath. Unit R#2, also with excellent light and air, has 2 new bedroom windows, a new porch/shed window and a standing shower in the bath. It sports a newly renovated kitchen with high quality cabinets & hardware, granite counters, stainless steel appliances, hand cut mahogany finish carpentry and a butcher block prep counter with a foldaway drop leaf. The stairway to this unit has new treads, rails and balusters with a new Andersen storm door at the entrance to its compact porch/shed.Income, Expenses & Utilities: Full monthly rental income potential is $4,600+ based on current market rates. Taxes are $678 monthly. Home insurance is $188 monthly. No flood insurance required (FEMA Flood Zone X, Flood Factor 1). All tenants are cooperative and on year-round, month-to-month arrangements. One water/sewer bill is split proportionally by all occupants. Separate gas accounts for each unit. Your Front Cottage has its own electric and fiber optic accounts. Your two rear Carriage House units split a single electric account and one fiber optic account. Ample driveway parking for 6+/- cars with convenient street parking on Summer weekdays, and at all times off season.Buyer should independently verify all information.This is an AS-IS price. What Seller Loves About This PropertyThis property is in a quiet area of town where you can hear the surf and feel the ocean breeze.A short walk or bike ride to your favorite beach spots, restaurants, entertainment venues, public and private schools, 3 marinas and the train station with free parking.Your post office, a well-equipped local hardware store, and a high-end lumber yard & building center are just a few blocks away in town. A nice array of local delicatessens, pizza parlors, take-out joints and package goods stores are also within walking distance. Supermarkets (including a brand new Shop Rite), fast food establishments, shopping centers and gymnasiums are all within a few minutes' drive.Convenient access to major local highways, the Garden State Parkway, NJ Turnpike and the NJ/NY Ferry Terminals in Atlantic Highlands, Belford and Highlands (about 45

Last Agent to Sell the Property

Paula Hallett

Coldwell Banker Realty License #9910359 Listed on: 03/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Jacob Smith

Ward Wight Sotheby's International Realty License #0560385

Ward Wight Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,132

Lot Details

  • 4,704

Parking

  • 1 Car Garage

Home Design

  • Carriage House
  • Cottage
  • Shingle Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Belmar Middle School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • 2-Story Property
  • Porch
  • Lot Dimensions are 118.25x40
  • Unfinished Basement

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal items in garage and dwellings

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,132

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: AC Units, Washer, Dryer
  • Subdivision Name: None
  • Architectural Style: Carriage House, Cottage/Bungalow
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 118.25x40
  • Location Middle School: Belmar
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Number Appliances Included A C Units: Yes
  • Cooling Multi Units: Yes
  • Style CottageBungalow: Yes
  • Style Carriage House: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Stories: 2
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal items in garage and dwellings
  • Exterior Features: Porch - Open

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 1.0
  • General Property Info:Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 118.25x40
  • Parcel #: 00
  • Zoning Description: Multi-Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8132.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2021
Closed on
Jun 28, 2021
Sold by
Zambetti Vincent A
Bought by
Genna Matthew G
Seller's Agent
Paula Hallett
Coldwell Banker Realty
Buyer's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
List Price
$835,000
Sold Price
$785,000
Premium/Discount to List
-$50,000
-5.99%
Current Estimated Value
$995,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,522
Avg. Annual Appreciation
6.49%
Original Mortgage
$628,000
Outstanding Balance
$576,189
Interest Rate
2.93%
Mortgage Type
New Conventional
Estimated Equity
$434,684

Purchase Details

Closed on
Jun 7, 2018
Sold by
Leclercq Ian R
Bought by
Zambetti Vincent A

Purchase Details

Closed on
Jul 31, 2009
Sold by
Zambetti Vincent A
Bought by
Leclercq Ian R

Purchase Details

Closed on
Jan 9, 1998
Sold by
Megill Harold
Bought by
Zambetti Vincent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.11%
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
Genna Matthew G $785,000 Trident Abstract Ttl Agcy Ll
Zambetti Vincent A -- None Available
Leclercq Ian R -- None Available
Leclerco Ian R -- None Available
Zambetti Vincent $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Genna Matthew G $200,000
Open Genna Matthew G $628,000
Previous Owner Zambetti Vincent A $295,000
Previous Owner Zambetti Vincent Z $22,220
Previous Owner Zambetti Vincent $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $785,000 -6.0% $835 / Sq Ft
05/08/2021 05/08/21 Pending -- -- --
03/13/2021 03/13/21 For Sale $835,000 -- $888 / 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 $8,501 $604,600 $384,800 $219,800
2023 $8,501 $604,600 $384,800 $219,800
2022 $8,204 $604,600 $384,800 $219,800
2021 $8,132 $604,600 $384,800 $219,800
2020 $8,132 $604,600 $384,800 $219,800
2019 $8,132 $604,600 $384,800 $219,800
2018 $7,467 $604,600 $384,800 $219,800
2017 $7,285 $604,600 $384,800 $219,800
2016 $6,004 $314,200 $189,800 $124,400
2015 $6,317 $329,200 $204,800 $124,400
2014 $5,983 $309,200 $184,800 $124,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22107062

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00142-0000-00017