NOT LISTED FOR SALE

Estimated Value: $2,801,058

-- Bed
2 Baths
1,728 Sq Ft
$1,621/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $2,450,000 $1,418 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $17,129/month

60 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Access to Tidal Water
  • Open Floorplan
  • Ocean View
  • Sandy Beach
  • Coastal Architecture

About This Home

As of September 2022

Fully Furnished oceanfront home in desirable Brant Beach on Long Beach Island (LBI) has 50 feet of oceanfront and a 180 view of the ocean and beach from both floors. Each identical floor has three bedrooms and 1.5 bathrooms. The kitchen, dining and living area all have great oceanviews. Beach access is directly next to and North of the property with a private pathway from the side of the property. This hard to find 50’x100’ lot is ideal for those who wish to build a custom single-family home.

2021 and 2002 Rental History averages $110, 000 plus per season with a predictable increase in demand and rates for 2023 and beyond as the ever-strong LBI rental market continues to provide great ROI year and year.

Improvements since purchased include new LVP flooring, New Lightning, New Fans, Furniture and Artwork, New Glass Table and Cookware, New Bathroom and Bedroom Mirrors, New Bedding, Smart TVs, Thermostat, Door Locks & date/time logs and Light Switches, New Gas Grills with Gas Lines, Spray foam insulation and New outdoor plumbing.

Some of the Brant Beach amenities include Island Market, Cool Delights Ice Cream, Custard Hut and Pizza, Daddy O, Bagels & Beyond, Gifted By The Sea, Brant Beach Yacht Club, St Francis of Assisi Parish, Holy Trinity Lutheran Church, Bayview Park, Pickleball Center, Basketball Courts are located at The Long Beach Township Municipal Building and Long Beach Township Police Department Complex and the Post Office.

Last Agent to Sell the Property

Arthur Rosenbaum

The Van Dyk Group - Long Beach Island Listed on: 06/12/2022

Last Buyer's Agent

Arthur Rosenbaum

The Van Dyk Group - Long Beach Island Listed on: 06/12/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,594

Year Built

  • Built in 1965

Lot Details

  • 5,000 Sq Ft Lot
  • Lot Dimensions are 50.00 x 100.00
  • 50 Feet of Waterfront
  • Ocean Front
  • Home fronts navigable water
  • Sandy Beach
  • Public Beach
  • Property is in very good condition

Parking

  • 2 Car Attached Garage
  • 4 Off-Street Spaces
  • Garage Door Opener

Property Views

  • Ocean
  • Panoramic

Home Design

  • Duplex
  • Coastal Architecture
  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof
  • Piling Construction

Interior Spaces

  • 1,728 Sq Ft Home
  • Open Floorplan
  • Recessed Lighting
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Tile or Brick
  • Luxury Vinyl Plank Tile

Laundry

  • Front Loading Dryer
  • Front Loading Washer

Outdoor Features

  • Outdoor Shower
  • Access to Tidal Water
  • Public Water Access
  • Property is near an ocean
  • Swimming Allowed
  • Deck
  • Outdoor Grill

Schools

  • Long Beach Island Grade Elementary School
  • Southern Regional Middle School
  • Southern Reg High School

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • 60+ Gallon Tank
  • Municipal Trash

Community Details

  • 2 Units
  • 2-Story Building
  • Brant Beach Subdivision

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 18-00015 121-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,594

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Coastal, Contemporary
  • Ownership: Fee Simple
  • Exclusions: Personal Items
  • Historic: No
  • Inclusions: Fully Furnished
  • New Construction: No
  • Expected On Market: 2022-06-14
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Fully Furnished oceanfront home in desirable Brant Beach on Long Beach Island (LBI) has 50 feet of oceanfront and a 180 view of the ocean and beach from both floors. Each identical floor has three bedrooms and 1.5 bathrooms. The kitchen, dining and living area all have great oceanviews. Beach access is directly next to and North of the property with a private pathway from the side of the property. This hard to find 50’x100’ lot is ideal for those who wish to build a custom single-family home. 2021 and 2002 Rental History averages $110, 000 plus per season with a predictable increase in demand and rates for 2023 and beyond as the ever-strong LBI rental market continues to provide great ROI year and year. Improvements since purchased include new LVP flooring, New Lightning, New Fans, Furniture and Artwork, New Glass Table and Cookware, New Bathroom and Bedroom Mirrors, New Bedding, Smart TVs, Thermostat, Door Locks & date/time logs and Light Switches, New Gas Grills with Gas Lines, Spray foam insulation and New outdoor plumbing. Some of the Brant Beach amenities include Island Market, Cool Delights Ice Cream, Custard Hut and Pizza, Daddy O, Bagels & Beyond, Gifted By The Sea, Brant Beach Yacht Club, St Francis of Assisi Parish, Holy Trinity Lutheran Church, Bayview Park, Pickleball Center, Basketball Courts are located at The Long Beach Township Municipal Building and Long Beach Township Police Department Complex and the Post Office.
  • Special Features: None

Interior Features

  • Appliances: Built-In Range, Built-In Microwave, Dishwasher, Refrigerator, Washer - Front Loading, Dryer - Front Loading
  • Flooring Type: Tile/Brick, Luxury Vinyl Plank
  • Interior Amenities: Combination Kitchen/Dining, Combination Dining/Living, Combination Kitchen/Living, Recessed Lighting, Floor Plan - Open, Kitchen - Island
  • Window Features: Double Hung, Double Pane, Screens
  • Fireplace: No
  • Foundation Details: Pilings
  • Room Count: 8
  • Basement: No
  • Total Sq Ft: 1728
  • Living Area Sq Ft: 1728
  • Price Per Sq Ft: 1504.63
  • Above Grade Finished Sq Ft: 1728
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 3901

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Bbq Grill, Outside Shower
  • Road Surface Type: Paved
  • Roof: Asphalt
  • Spa: No
  • View: Ocean, Panoramic
  • Water Access Features: Public Access, Public Beach, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Atlantic Ocean
  • Water Body Type: Ocean
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: Yes
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Attached Garage, Off Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • Elementary School: LONG BEACH ISLAND GRADE SCHOOL
  • Middle School: SOUTHERN REGIONAL M.S.
  • High School: SOUTHERN REG
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: Listing Agent
  • School District Key: 300200396369
  • School District Source: 3rd Party
  • Elementary School: LONG BEACH ISLAND GRADE SCHOOL
  • High School: SOUTHERN REG
  • Middle Or Junior School: SOUTHERN REGIONAL M.S.

Lot Info

  • Lot Size Acres: 0.11
  • Lot Dimensions: 50.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5000.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2021
  • Zoning: R50

Rental Info

  • Existing Lease Type: Weekly
  • Ground Rent Exists: No
  • Rent Control: No
  • Vacation Rental: No

Multi Family

  • Waterfront Features: Sandy Beach

Tax Info

  • Tax Annual Amount: 14594.00
  • Assessor Parcel Number: 18-00015 121-00003
  • Tax Lot: 00003
  • Tax Total Finished Sq Ft: 1728
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 09/26/2022

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2022
Closed on
Sep 22, 2022
Sold by
Schmid Michael and Schmid Elme
Bought by
3901 Ocean Blvd Llc
Seller's Agent
Arthur Rosenbaum
The Van Dyk Group - Long Beach Island
Buyer's Agent
Arthur Rosenbaum
The Van Dyk Group - Long Beach Island
List Price
$2,700,000
Sold Price
$2,450,000
Premium/Discount to List
-$250,000
-9.26%
Total Days on Market
60
Views
5
Current Estimated Value
$2,801,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$351,058
Avg. Annual Appreciation
5.12%
Original Mortgage
$1,960,000
Outstanding Balance
$1,886,580
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$914,478

Purchase Details

Listed on
Nov 16, 2020
Closed on
Jan 15, 2021
Sold by
Woolley Thomas R
Bought by
Schmid Michael and Schmid Elme
Seller's Agent
Richard Jones
G. Anderson Agency
Buyer's Agent
Virginia Tennis
BHHS Zack Shore REALTORS
List Price
$1,899,000
Sold Price
$1,949,000
Premium/Discount to List
$50,000
2.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.40%
Original Mortgage
$1,559,200
Interest Rate
2.71%
Mortgage Type
New Conventional
Source: Public Records

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
3901 Ocean Blvd Llc $2,450,000 Stewart Title
Schmid Michael $1,949,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3901 Ocean Blvd Llc $1,960,000
Previous Owner Schmid Michael $1,559,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $2,450,000 -5.8% $1,418 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
07/31/2022 07/31/22 Price Changed $2,600,000 -3.7% $1,505 / Sq Ft
06/12/2022 06/12/22 For Sale $2,700,000 +38.5% $1,563 / Sq Ft
01/15/2021 01/15/21 Sold $1,949,000 +2.6% $1,128 / Sq Ft
11/16/2020 11/16/20 For Sale $1,899,000 -- $1,099 / Sq Ft
Source: Bright MLS

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 $16,873 $1,902,300 $1,615,000 $287,300
2023 $15,065 $1,902,300 $1,615,000 $287,300
2022 $15,065 $1,810,700 $1,615,000 $195,700
2021 $14,594 $1,810,700 $1,615,000 $195,700
2020 $12,841 $1,291,900 $1,155,000 $136,900
2019 $12,958 $1,291,900 $1,155,000 $136,900
2018 $12,570 $1,291,900 $1,155,000 $136,900
2017 $12,635 $1,291,900 $1,155,000 $136,900
2016 $12,738 $1,291,900 $1,155,000 $136,900
2015 $12,725 $1,291,900 $1,155,000 $136,900
2014 $12,415 $1,291,900 $1,155,000 $136,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2010642

Bright MLS

APN: 18-00015-121-00003