NOT LISTED FOR SALE

Estimated Value: $2,547,000 - $4,461,297

6 Beds
4 Baths
2,016 Sq Ft
$1,852/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $1,600,000 $794 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $23,509/month

182 Days on Market

Highlights

  • Ocean Front
  • Outdoor Pool
  • Wood Flooring
  • Beach Access
  • Deck
  • 2 Fireplaces

About This Home

As of December 2015

Turnkey Oceanfront Duplex. Great 18 year rental history. Over 90K rental income per year. This home is in a great neighborhood. Centrally located on the island. Easy to get to the mainland for shopping. The lot is 75 X 100 great for a future rebuild. Beach replenishment was completed prior to Sandy. First floor elevation is 24 feet. There was no storm damage and the water from the bay did not reach Ocean Blvd. Rent out one floor and use the other for yourself. Rent out both for a nice income. Rebuild a large new home that will be worth much more than your initial investment.

Last Listed By

Jack Yao

Realmart Realty LLC. Brokerage Phone: 888-362-6543 License #0902217 Listed on: 04/27/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,844

Year Built

  • Built in 1965

Lot Details

  • Lot Dimensions are 75 x 100
  • Ocean Front

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Shingle Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Window Screens
  • Insulated Doors
  • Ocean Views
  • Pull Down Stairs to Attic

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Outdoor Pool
  • Beach Access
  • Deck
  • Outdoor Grill

Schools

  • Southern Reg Middle School
  • Southern Reg High School

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for water, sewer, gas, electricity
  • Assessor Parcel Number 18-00015-131-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,844

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Attribution Contact: 888-362-6543
  • ResoLotFeatures: Oceanfront
  • Subdivision Name: None
  • Reso Flooring: Linoleum/Vinyl, W/W Carpet, Wood, Ceramic Tile
  • Reso Interior Features: Attic - Pull Down Strs
  • New Construction: No
  • Year Built: 1965
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanfront: Yes
  • WaterSewer Public Sewer: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 75 x 100
  • Location Middle School: Southern Reg
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 2.0
  • ExteriorDeck: Yes
  • Roof Timberline: Yes
  • Siding Shingle: Yes
  • General Property Info # Parking Spaces: 8.0
  • Exterior Ocean View: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Electric Stove2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Washer Hookup3: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Dryer Hookup2: Yes
  • Interior Attic - Pull Down Strs: Yes
  • Exterior Swimming Area: Yes
  • Unit 2 Washer Hookup2: Yes
  • Exterior Insulated Doors2: Yes
  • Exterior Beach Access2: Yes
  • Exterior BBQ2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplaces: 2
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront Features: Oceanfront
  • Waterfront: Yes
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, BBQ, Beach Access, Insulated Doors, Ocean View, Screens, Swimming Area

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open
  • Total Parking Spaces: 8.0
  • General Property Info:Garage: No
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Southern Reg

Lot Info

  • Lot Dimensions: 75 x 100
  • Parcel #: 18-00015-131-00001
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Water, Sewer, Gas, Electricity

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 14844.0
  • Tax Other Annual Assessment Amount: 1544600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Southern Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2022
Sold by
Falcone Jr Richard C
Bought by
Township Of Long Beach
Total Days on Market
182
Current Estimated Value
$3,733,432

Purchase Details

Closed on
Nov 20, 2020
Sold by
Hy Teck Llc
Bought by
La Dolce Vita On Ocean 3611 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,375,000
Interest Rate
2.7%
Mortgage Type
Construction

Purchase Details

Listed on
Apr 27, 2015
Closed on
Dec 17, 2015
Sold by
Petrone Paul F
Bought by
Hy Teck Llc
Seller's Agent
Jack Yao
Realmart Realty LLC.
Buyer's Agent
NON MEMBER
VRI Homes
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.38%
Original Mortgage
$1,040,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1997
Sold by
Smith William Bridges
Bought by
Petrone Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
7.6%

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
Township Of Long Beach -- Falcone Richard C
La Dolce Vita On Ocean 3611 Llc $1,700,000 Ridge Title Agency Llc
La Dolce Vita On Ocean 3611 Llc $1,700,000 Old Republic Title
Hy Teck Llc $1,600,000 Westcor Land Title
Petrone Paul $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open La Dolce Vita On Ocean 3611 Ll $3,088,200
Previous Owner La Dolce Vita On Ocean 3611 Llc $2,375,000
Previous Owner Hy Teck Llc $1,040,000
Previous Owner Petrone Paul F $360,000
Previous Owner Petrone Paul F $44,000
Previous Owner Petrone Paul $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2015 12/18/15 Sold $1,600,000 -- $794 / 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 $31,328 $3,531,900 $2,018,800 $1,513,100
2023 $29,385 $3,531,900 $2,018,800 $1,513,100
2022 $16,796 $2,018,800 $2,018,800 $0
2021 $17,722 $2,198,800 $2,018,800 $180,000
2020 $16,133 $1,623,000 $1,443,800 $179,200
2019 $16,279 $1,623,000 $1,443,800 $179,200
2018 $15,792 $1,623,000 $1,443,800 $179,200
2017 $15,873 $1,623,000 $1,443,800 $179,200
2016 $15,278 $1,549,500 $1,443,800 $105,700
2015 $15,214 $1,544,600 $1,443,800 $100,800
2014 $14,844 $1,544,600 $1,443,800 $100,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21515747

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 18-00015-131-00001