Seller's Agent in 2018
Raymond Procaccini Jr.
Oceanside Realty
(609) 618-2352
29 in this area
33 Total Sales
37 16th St Surf City, NJ 08008
Long Beach Island NeighborhoodEstimated Value: $2,020,000 - $2,602,643
5
Beds
2
Baths
2,052
Sq Ft
$1,152/Sq Ft
Est. Value
Highlights
- Spa
- Open Floorplan
- Wood Flooring
- Oceanside
- Dutch Architecture
- Main Floor Bedroom
About This Home
As of May 2018Desirable northern Surf City 5 bedroom/2 full bathroom dutch colonial situated on a 60x100 lot and located just five houses from this beautiful 16th Street beach. This property has been lovingly maintained over the years and is in move-in condition. This property boasts a tremendous rental history and has grossed $50,800 in 2016 and $53,600 in 2017. The rent/purchase price ratio is OUTSTANDING on this property! There are currently 25 rental reservations in place for 2018 with the potential for more! The two living areas and bedrooms attract lots of natural light. Hardwood floors lead to a gorgeous updated kitchen with granite counter tops and high quality cabinetry, and the Florida room at the back of the home is a great space for entertaining. The hot tub in the back yard is a great way to share a drink and some laughs with family and friends. 16th Street is close to all of the best attractions in Surf City, including the Northside Bar, Shore Fire Grill, Rita's Water Ice, etc.,Make your LBI dreams a reality and come view this gorgeous home today! Priced to sell! This property falls into that rare category of the highly desirable "20 times rent ratio"! Earn approximately 5% back on your investment every year, with the potential for even more income with slight tweaks on the rental price!
Last Agent to Sell the Property
Oceanside Realty License #0454539 Listed on: 11/09/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,127
Lot Details
- Lot Dimensions are 60x100
- Level Lot
- The property's topography is level
Home Design
- Dutch Architecture
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,052 Sq Ft Home
- Property has 2 Levels
- Open Floorplan
- Partially Furnished
- Brick Fireplace
- Crawl Space
Kitchen
- Cooktop
- Built-In Microwave
- Dishwasher
Flooring
- Wood
- Wall to Wall Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 1 Car Attached Garage
- Off-Street Parking
Pool
- Spa
- Outdoor Shower
Additional Features
- Oceanside
- Flood Risk
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Surf City Subdivision
Listing and Financial Details
- Tax Lot 15
- Assessor Parcel Number 32-00043-0000-00015
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 28, 2021
Sold by
Sibco Holdings Llc
Bought by
Cynthia L Sibilia 2019 Revocable Trust and John A Sibilia 2019 Revocable Trust
Current Estimated Value
Purchase Details
Closed on
Dec 7, 2020
Sold by
Sibco Holdings Llc
Bought by
Sibco Holdings Llc
Purchase Details
Listed on
Nov 9, 2017
Closed on
May 29, 2018
Sold by
L Blue I Llc
Bought by
Sibco Holdings Llc
Seller's Agent
Raymond Procaccini Jr.
Oceanside Realty
Buyer's Agent
Raymond Procaccini Jr.
Oceanside Realty
List Price
$1,129,000
Sold Price
$980,000
Premium/Discount to List
-$149,000
-13.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.32%
Purchase Details
Closed on
Jul 30, 2005
Sold by
Kolterjahn Don and Kolterjahn Paul
Bought by
L Blue I Llc
Purchase Details
Closed on
Nov 16, 2004
Sold by
Mckirachan C David and Mck Pavlos Margaret
Bought by
Kolterjahn Don and Kolterjahn Paul H
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
4.75%
Mortgage Type
Fannie Mae Freddie Mac
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cynthia L Sibilia 2019 Revocable Trust | -- | Sheridan Kathleen A | |
| Cynthia L Sibilia 2019 Revocable Trust | -- | None Listed On Document | |
| Sibco Holdings Llc | -- | None Available | |
| Sibco Holdings Llc | $980,000 | None Available | |
| L Blue I Llc | -- | -- | |
| Kolterjahn Don | $929,100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kolterjahn Don | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/31/2018 05/31/18 | Sold | $980,000 | -13.2% | $478 / Sq Ft |
| 05/03/2018 05/03/18 | Pending | -- | -- | -- |
| 11/09/2017 11/09/17 | For Sale | $1,129,000 | -- | $550 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $16,226 | $1,614,500 | $700,000 | $914,500 |
| 2023 | $16,444 | $1,614,500 | $700,000 | $914,500 |
| 2022 | $6,860 | $700,000 | $700,000 | $0 |
| 2021 | $6,314 | $700,000 | $700,000 | $0 |
| 2020 | $8,760 | $1,003,400 | $735,000 | $268,400 |
| 2019 | $8,740 | $1,003,400 | $735,000 | $268,400 |
| 2018 | $8,225 | $810,300 | $579,600 | $230,700 |
| 2017 | $8,330 | $810,300 | $579,600 | $230,700 |
| 2016 | $8,127 | $810,300 | $579,600 | $230,700 |
| 2015 | $7,795 | $810,300 | $579,600 | $230,700 |
| 2014 | $7,755 | $810,300 | $579,600 | $230,700 |
Source: Public Records
Agents Affiliated with this Home
-
Raymond Procaccini Jr.
-
Bretton LUTZ
B
Seller Co-Listing Agent in 2018
Bretton LUTZ
BHHS Zack Shore REALTORS
(609) 618-2821
2 in this area
2 Total Sales
Map
Source: Bright MLS
MLS Number: NJOC160764
APN: 32-00043-0000-00015
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