NOT LISTED FOR SALE

33 E Penguin Way Lavallette, NJ 08735

Estimated Value: $478,000 - $532,075

2 Beds
1 Bath
-- Sq Ft
1,742 Sq Ft Lot

Last Sold July 29, 2021

Last sale price $320,000

Est. 57% increase in value since last sale

Current estimated payment $3,463/month

57 Days on Market

Highlights

  • Community Beach Access
  • Clubhouse
  • Ceiling height of 9 feet on the main level
  • Oceanside
  • Cottage
  • Air Conditioning

About This Home

As of July 2021

OCEANSIDE COTTAGE in a the Private Beach Community of Ocean Beach Unit 3. This home is only 8 houses to the beach ! Being sold furnished and is located in the X Flood Zone which most bank to not require flood insurance but if wanted, would be very affordable. Leased Land can be a great tax write-off if home is rented seasonally.

Last Listed By

Liberto Santonastaso

Ocean Beach Sales License #1430607 Listed on: 05/18/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,706

Year Built

  • Built in 1958

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 50 x 32
  • Land Lease

HOA Fees

  • $59 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Blinds
  • Laminate Flooring

Kitchen

  • Stove
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Gravel Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Oceanside
  • Patio

Utilities

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

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 08-01110-14-00007

Community Details

Overview

  • Ocean Beach Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,706

Year Built

Built in 1958

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Oceanside, Leased Land
  • Reso Association Amenities: Beach, Association, Clubhouse
  • Inclusions: AC Units, Blinds/Shades, Microwave, Stove, Refrigerator
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • Reso Flooring: Laminate
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr
  • Year Built: 1958
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 50 x 32
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Included BlindsShades: Yes
  • Common Elements Clubhouse: Yes
  • Number Appliances Included A C Units: Yes
  • Floors Laminate: Yes
  • Cooling Multi Units: Yes
  • Allowable One Cat: Yes
  • Allowable One Dog: Yes
  • Style CottageBungalow: Yes
  • Lot Description Leased Land: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Microwave: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No
  • Exclusions: Personal Items
  • Exterior Features: Patio
  • Foundation Details: Slab

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Driveway, Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Natural Gas, Space Heater
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association Fee: 711.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 50 x 32
  • Lot Size Sq Ft: 1742.4
  • Parcel #: 08-01110-14-00007
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6706.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Jul 27, 2021
Sold by
Villalva Daniel and Villalva Michelle
Bought by
Hogan Patrick and Catania Hogan Joy
Seller's Agent
Liberto Santonastaso
Ocean Beach Sales
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$349,000
Sold Price
$320,000
Premium/Discount to List
-$29,000
-8.31%
Total Days on Market
57
Current Estimated Value
$502,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,019
Avg. Annual Appreciation
11.90%

Purchase Details

Closed on
Aug 30, 2002

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
Hogan Patrick $320,000 Surety Ttl Agcy Coastal Regi
-- $170,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2021 07/29/21 Sold $320,000 -2.7% --
07/14/2021 07/14/21 Pending -- -- --
06/21/2021 06/21/21 Price Changed $329,000 -5.7% --
05/18/2021 05/18/21 For Sale $349,000 -- --
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 $7,442 $429,900 $292,000 $137,900
2023 $7,175 $429,900 $292,000 $137,900
2022 $7,175 $429,900 $292,000 $137,900
2021 $6,724 $268,900 $230,000 $38,900
2020 $6,706 $268,900 $230,000 $38,900
2019 $6,416 $268,900 $230,000 $38,900
2018 $6,330 $268,900 $230,000 $38,900
2017 $6,276 $268,900 $230,000 $38,900
2016 $6,112 $268,900 $230,000 $38,900
2015 $5,881 $268,900 $230,000 $38,900
2014 $5,599 $268,900 $230,000 $38,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22115427

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01110-14-00007