NOT LISTED FOR SALE

342 Forest Dr Neptune, NJ 07753

Estimated Value: $626,094 - $719,000

3 Beds
2 Baths
1,699 Sq Ft
$398/Sq Ft Est. Value

Sale Details

Date Sold: September 18, 2020

Last sale price $400,000 $235 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,278 / mo

56 Days on Market

Highlights

  • Deck
  • Patio
  • Forced Air Heating and Cooling System
  • 2 Car Attached Garage
  • Shed
  • Fenced

About This Home

As of September 2020

LOCATION LOCATION LOCATION!!! Beautiful 2 family home in desirable Shark River Hills!! 2 car LARGE garage! You can live in the downstairs and rent the upstairs or rent them both! Close to beautiful beaches, shopping and major highways. Home has wood floors throughout. basement is semi finished with 2 bonus rooms with heat! First level has 2 bedroom and the second level is a one bedroom with LOTS of space!! Home needs some updates and is being sold As-is. all inspection costs and repairs are the responsibility of the buyer.

Last Agent to Sell the Property

Suzanne Barcelos

O'Brien Realty, LLC Listed on: 05/26/2020

Last Buyer's Agent

Rosario Lucas

ERA/ American Towne Realty License #9588035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,362

Year Built

  • Built in 1961

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 71 x 100
  • Fenced

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Patio
  • Shed

Schools

  • Neptune Middle School
  • Neptune Twp High School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 35-05003-0000-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,362

Year Built

Built in 1961

Lot Details

6,970 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • Reso Interior Features: Attic - Other
  • New Construction: No
  • Year Built: 1961
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 71 x 100
  • Location Middle School: Neptune
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Basement Heated: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Special Features: None

Interior Features

  • Basement: Full, Heated
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront: No
  • Exclusions: PERSONAL PROPERTY
  • Exterior Features: Deck, Fence, Patio
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

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

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 71 x 100
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-05003-0000-00009
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7362.0
  • Tax Other Annual Assessment Amount: 343200.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2020
Closed on
Aug 28, 2020
Sold by
Malara Stephen and Malara Christine
Bought by
Lucas Tyler
Seller's Agent
Suzanne Barcelos
O'Brien Realty, LLC
Buyer's Agent
Rosario Lucas
ERA/ American Towne Realty
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Current Estimated Value
$675,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,774
Avg. Annual Appreciation
9.85%
Original Mortgage
$392,755
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2009
Sold by
Malara Stephen
Bought by
Malara Stephen and Malara Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,300
Interest Rate
4.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 13, 1995
Sold by
Davison Loretta
Bought by
Malara Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
9.16%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lucas Tyler $400,000 Old Republic Title
Malara Stephen -- None Available
Malara Stephen $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lucas Tyler $392,755
Previous Owner Malara Stephen $396,300
Previous Owner Malara Stephen $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $400,000 -5.9% $235 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $425,000 -- $250 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $8,296 $507,900 $344,000 $163,900
2024 $7,464 $473,800 $312,900 $160,900
2023 $7,464 $413,300 $256,200 $157,100
2022 $7,968 $369,000 $219,400 $149,600
2021 $7,362 $377,100 $234,300 $142,800
2020 $7,644 $360,900 $225,600 $135,300
2019 $7,362 $343,200 $216,300 $126,900
2018 $6,901 $318,000 $192,000 $126,000
2017 $6,845 $303,000 $186,300 $116,700
2016 $6,666 $294,300 $178,800 $115,500
2015 $6,351 $285,200 $161,500 $123,700
2014 $7,241 $267,300 $111,500 $155,800
Source: Public Records

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22016500

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-05003-0000-00009

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