NOT LISTED FOR SALE

3348 Teal Ln Lavallette, NJ 08735

Estimated Value: $794,000 - $868,000

2 Beds
1 Bath
-- Sq Ft
2,047 Sq Ft Lot

Last Sold April 17, 2020

Last sale price $435,100

Est. 91% increase in value since last sale

Current estimated payment $5,514/month

2 Days on Market

Highlights

  • Community Beach Access
  • Home fronts a lagoon or estuary
  • Clubhouse
  • Water Views
  • Property near a lagoon
  • Attic

About This Home

As of April 2020

An amazing price for a waterfront home in Ocean Beach III, a private beach community north of Lavallette. This is the most affordable lagoon-front, single home on owned land on the island! Well-maintained with central air and heat, washer/dryer, vinyl siding, patio and 45 feet of bulkhead. There is also space under the entire house to store surfboards, etc. Home is FEMA compliant and owner's flood insurance is only $842. Furniture is negotiable.

Last Listed By

Angela Serio

Ocean Beach Sales License #0125329 Listed on: 02/01/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,325

Year Built

  • Built in 2012

Lot Details

  • Lot Dimensions are 45 x 45
  • Home fronts a lagoon or estuary

HOA Fees

  • $59 Monthly HOA Fees

Home Design

  • Cottage
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Light Fixtures
  • Blinds
  • Window Screens
  • Water Views
  • Attic

Kitchen

  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway
  • Paved Parking

Outdoor Features

  • Property near a lagoon
  • Bulkhead
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: personal items; furniture negotiable; tv will be replaced
  • Assessor Parcel Number 08-01112-05-00006

Community Details

Overview

  • Ocean Beach Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Beach Access
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,325

Year Built

Built in 2012

Lot Details

0

HOA Fees

$59 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Bulkhead, Lagoon
  • Reso Association Amenities: Beach, Association, Clubhouse
  • Inclusions: Washer, Window Treatments, Blinds/Shades, Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Refrigerator, Screens, Gas Cooking
  • Subdivision Name: Ocean Beach
  • Architectural Style: Cottage/Bungalow
  • Reso Interior Features: Attic
  • New Construction: No
  • Year Built: 2012
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 45 x 45
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Lot Description Bulkhead2: Yes
  • Interior Attic: Yes
  • Lot Description Lagoon2: Yes
  • Water Type Lagoon: Yes
  • Included BlindsShades: Yes
  • Included Light Fixtures: Yes
  • Common Elements Clubhouse: Yes
  • Garage None4: Yes
  • Included Screens: Yes
  • Included Window Treatments: Yes
  • Foyer Floor - Laminate: Yes
  • Living Room Floor - Laminate3: Yes
  • Kitchen Floor - Laminate2: Yes
  • Water Type Bulkhead: Yes
  • Style CottageBungalow: Yes
  • Common Elements Beach: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Bulkhead, Lagoon
  • Waterfront: Yes
  • Exclusions: personal items; furniture negotiable; tv will be replaced
  • Exterior Features: Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Gravel, Driveway, None
  • General Property Info:Garage: No
  • Parking Driveway: Yes
  • Parking:Gravel2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 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 Fee: 711.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Dimensions: 45 x 45
  • Parcel #: 08-01112-05-00006
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 8325.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2020
Closed on
Mar 27, 2020
Sold by
Milazzo Josephine A and Stamatiou Josephine A
Bought by
Roche Kevin and Roche Cheryl
Seller's Agent
Angela Serio
Ocean Beach Sales
Buyer's Agent
Laurie Enoch
Crossroads Realty Inc-Lavallette
Sold Price
$435,100
Total Days on Market
2
Current Estimated Value
$830,831

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,731
Avg. Annual Appreciation
13.55%
Original Mortgage
$200,000
Outstanding Balance
$178,771
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$652,060

Purchase Details

Closed on
May 16, 2018
Sold by
Burse Harry E and Scouarnec Anne Marie
Bought by
Stamatiou Josephine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$346,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2016
Closed on
Oct 31, 2016
Sold by
Edwards William and Edwards Patricia
Bought by
Bursee Harry E and Scouarnec Anne Marie
Seller's Agent
Robert Dekanski
RE/MAX 1st. Advantage
Buyer's Agent
Angela Serio
Birchler Realtors
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%

Purchase Details

Closed on
Feb 2, 1999
Sold by
Orlando Richard T and Orlando Tracy A
Bought by
Edwards William and Edwards Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,900
Interest Rate
6.74%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Sep 11, 1996
Sold by
Surma Andrew
Bought by
Orlando Richard and Orlando Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.9%

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
Roche Kevin $435,100 Fidelity National Title
Stamatiou Josephine A $385,000 None Available
Bursee Harry E $340,000 --
Edwards William $149,900 --
Orlando Richard $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roche Kevin $200,000
Previous Owner Stamatiou Josephine A $346,500
Previous Owner Edwards William $119,900
Previous Owner Orlando Richard $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2020 04/17/20 Sold $435,100 +28.0% --
02/03/2020 02/03/20 Pending -- -- --
11/02/2016 11/02/16 Sold $340,000 -- $607 / 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 $10,192 $588,800 $370,000 $218,800
2023 $9,827 $588,800 $370,000 $218,800
2022 $9,827 $588,800 $370,000 $218,800
2021 $8,740 $348,900 $290,200 $58,700
2020 $8,702 $348,900 $290,200 $58,700
2019 $8,325 $348,900 $290,200 $58,700
2018 $8,213 $348,900 $290,200 $58,700
2017 $8,143 $348,900 $290,200 $58,700
2016 $7,931 $348,900 $290,200 $58,700
2015 $7,630 $348,900 $290,200 $58,700
2014 $7,264 $348,900 $290,200 $58,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22004304

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-01112-05-00006