NOT LISTED FOR SALE

318 Sumner Ave Seaside Heights, NJ 08751

Estimated Value: $542,000 - $716,000

2 Beds
2 Baths
1,530 Sq Ft
$434/Sq Ft Est. Value

Last Sold November 11, 2022

Last sale price $580,000 $379 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,118/month

25 Days on Market

Highlights

  • 2 Car Attached Garage
  • Air Conditioning
  • Shed
  • Oversized Parking
  • Recessed Lighting
  • Hot Water Heating System

About This Home

As of November 2022

Two fantastic sized units! Live in one and rent the other or easily turn it into one three bedroom, 2 bath ''Shore'' home! *UNIT 1- updated with granite counters, new stainless appliances and its own washer and dryer. Fantastic sized bedroom with double closets. *UNIT 2- Plenty of space with a bedroom big enough to split into 2, and a great living room w/kitchen and dining area! *Huge, clean multi car garage with additional storage space. **Gas, hot water baseboard heat. **Roof is 4 years old **Hot water heater is 8 years old. **Fully fenced yard, nice sized yard with separate storage shed. **Entire structure is raised above FEMA specifications. Flood insurance is only $600 annually. **Come take a look!

Last Agent to Sell the Property

Mary Bianchi

Realty One Group Emerge License #1866003 Listed on: 06/18/2022

Realty One Group Emerge

Last Buyer's Agent

Erin Ryan

Real Broker, LLC- Red Bank License #1972256

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,980

Year Built

  • Built in 1940

Lot Details

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

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • On-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,530 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Window Screens
  • Stove

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Shed

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water
  • Assessor Parcel Number 27-00031-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,980

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Interior Features: Recessed Lighting
  • Year Built: 1940
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 25 x 100
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Interior Recessed Lighting: Yes
  • Garage Oversized: Yes
  • Cooling Multi Units: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Gas Stove: Yes
  • Exterior Screens2: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.06
  • Waterfront: No
  • Exterior Features: Fence, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: On Street, Oversized
  • General Property Info:Garage: Yes
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 25 x 100
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-00031-0000-00018
  • Zoning Description: Single Family, Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5980.0
  • Tax Other Annual Assessment Amount: 247100.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Oct 31, 2022
Sold by
Kenny Paul J
Bought by
Gilliland David
Seller's Agent
Mary Bianchi
Realty One Group Emerge
Buyer's Agent
Erin Ryan
Real Broker, LLC- Red Bank
List Price
$599,000
Sold Price
$580,000
Premium/Discount to List
-$19,000
-3.17%
Views
14
Current Estimated Value
$663,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,391
Avg. Annual Appreciation
4.84%
Original Mortgage
$493,000
Outstanding Balance
$478,072
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$185,319

Purchase Details

Closed on
Aug 31, 2006
Sold by
Waldron Hazel
Bought by
Fetzer Nora and Barraco Amy

Purchase Details

Closed on
Mar 3, 1989
Bought by
Kenny Paul J
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
Gilliland David $580,000 Foundation Title
Gilliland David $580,000 Foundation Title
Fetzer Nora -- None Available
Kenny Paul J $107,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilliland David $493,000
Closed Gilliland David $493,000
Previous Owner Kenny Paul J $131,200
Previous Owner Kenny Paul J $71,398
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2022 11/11/22 Sold $580,000 -3.2% $379 / Sq Ft
08/21/2022 08/21/22 For Sale $599,000 0.0% $392 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
06/18/2022 06/18/22 For Sale $599,000 -- $392 / 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
2025 $7,003 $624,500 $387,500 $237,000
2024 $6,499 $247,100 $100,000 $147,100
2023 $6,180 $247,100 $100,000 $147,100
2022 $6,180 $247,100 $100,000 $147,100
2021 $5,764 $247,100 $100,000 $147,100
2020 $6,000 $247,100 $100,000 $147,100
2019 $5,819 $247,100 $100,000 $147,100
2018 $5,074 $221,300 $100,000 $121,300
2017 $4,979 $221,300 $100,000 $121,300
2016 $4,895 $221,300 $100,000 $121,300
2015 $4,725 $221,300 $100,000 $121,300
2014 $4,326 $184,900 $100,000 $84,900
Source: Public Records

Agents Affiliated with this Home

  • Mary Bianchi

    Seller's Agent in 2022

    Mary Bianchi

    Realty One Group Emerge

    (732) 684-9758

    5 in this area

    191 Total Sales

    Mary Bianchi
    Section Image
  • Erin Ryan

    Buyer's Agent in 2022

    Erin Ryan

    Real Broker, LLC- Red Bank

    (732) 682-1815

    3 in this area

    44 Total Sales

    Erin Ryan
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22218750

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00031-0000-00018

New Jersey Ocean County Seaside Heights 08751

318 Sumner Ave, Seaside Heights, NJ

This home is located at 318 Sumner Ave, Seaside Heights, NJ 08751 since 18 June 2022 and is currently estimated at $663,391, approximately $433 per square foot. This property was built in 1940. 318 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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