NOT LISTED FOR SALE

33 Fremont Ave Unit A1 Seaside Heights, NJ 08751

Estimated Value: $199,000 - $245,000

-- Bed
1 Bath
-- Sq Ft
4,008 Sq Ft Lot

Last Sold August 01, 2020

Last sale price $925,000

Current estimated payment $1,296/month

86 Days on Market

About This Home

As of August 2020

8-unit apartment building, Ocean block. This is actually 8 condos, each with its own deed and electric meter. 4 studios, 4 2bdr. Steps to the ocean and 3 minutes from the bridge, a few houses away from the ''Jersey Shore'' house, great location on the north end of town. Seaside values are definitely on the rise and this property has very good upside potential. This property can be rented as year-round apartments, as it is currently, turned into seasonal units, Airbnb, or sold as separate units. Offered at 8% cap rate. Being marketed w/3 family located at 512 Coolidge Ave in TR.

Last Agent to Sell the Property

Christopher Rizzolo

Melrose Realty, LLC License #0674507 Listed on: 02/24/2020

Last Buyer's Agent

Christopher Rizzolo

Melrose Realty, LLC License #0674507 Listed on: 02/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,408

Year Built

  • Built in 1972

Lot Details

  • Lot Dimensions are 40 x 100

Home Design

  • Slab Foundation

Interior Spaces

  • 1 Full Bathroom
  • 2-Story Property
  • Water Views

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 27-00039-0000-00051-01-C.A1

Community Details

Overview

  • 8 Units

Building Details

  • Gross Income $132,288
  • Net Operating Income $80,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,408

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multiple Buildings
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1972
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 100
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Income Expenses Gross Income2: 132288.0
  • Income Expenses Net Income: 80988.0
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 1
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Lot Info

  • Lot Dimensions: 40 x 100
  • Parcel #: 27-00039-0000-00051-01-C.A1

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1408.0
  • Tax Other Annual Assessment Amount: 59800.0

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 132288.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2022
Sold by
Jlm Fremont Llc
Bought by
33 Freemont Holdings Llc
Current Estimated Value
$220,667

Purchase Details

Listed on
Feb 24, 2020
Closed on
Jul 6, 2020
Sold by
Ciufia Frank
Bought by
Jlm Fremont Llc
Seller's Agent
Christopher Rizzolo
Melrose Realty, LLC
Buyer's Agent
Christopher Rizzolo
Melrose Realty, LLC
List Price
$1,025,000
Sold Price
$925,000
Premium/Discount to List
-$100,000
-9.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-23.93%
Original Mortgage
$675,000
Interest Rate
3%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 28, 2003

Purchase Details

Closed on
May 26, 1998
Sold by
Harrington Mark
Bought by
Sisinni Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,350
Interest Rate
11%

Purchase Details

Closed on
May 12, 1998
Sold by
Harrington Mark
Bought by
Cirillo Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,350
Interest Rate
11%

Purchase Details

Closed on
Feb 6, 1996
Sold by
Bauer Mark
Bought by
Harrington Mark
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
33 Freemont Holdings Llc $156,250 Stewart Title Guaranty Company
33 Freemont Holdings Llc $156,250 Stewart Title Guaranty Company
Jlm Fremont Llc $900,000 Sage Title & Setmnt Svcs Llc
-- $22,900 --
Sisinni Maria $50,000 --
Cirillo Anthony J $51,500 --
Harrington Mark $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jlm Fremont Llc $675,000
Previous Owner Cirillo Anthony J $46,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2020 08/01/20 Sold $925,000 -7.4% --
05/21/2020 05/21/20 Pending -- -- --
03/24/2020 03/24/20 Price Changed $999,000 -2.5% --
02/24/2020 02/24/20 For Sale $1,025,000 -- --
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
2025 $1,695 $222,400 $185,000 $37,400
2024 $1,573 $59,800 $35,000 $24,800
2023 $1,496 $59,800 $35,000 $24,800
2022 $1,496 $59,800 $35,000 $24,800
2021 $1,447 $59,800 $35,000 $24,800
2020 $1,452 $59,800 $35,000 $24,800
2019 $1,408 $59,800 $35,000 $24,800
2018 $1,371 $59,800 $35,000 $24,800
2017 $1,346 $59,800 $35,000 $24,800
2016 $1,323 $59,800 $35,000 $24,800
2015 $1,277 $59,800 $35,000 $24,800
2014 $1,169 $59,800 $35,000 $24,800
Source: Public Records

Agents Affiliated with this Home

  • Christopher Rizzolo

    Seller's Agent in 2020

    Christopher Rizzolo

    Melrose Realty, LLC

    (732) 674-5757

    33 Total Sales

    Christopher Rizzolo
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22007393

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 27-00039-0000-00051-01-C.A1

New Jersey Ocean County Seaside Heights 08751

33 Fremont Ave Unit A1, Seaside Heights, NJ

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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