NOT LISTED FOR SALE

4 New Jersey Ave Lavallette, NJ 08735

Estimated Value: $1,444,000 - $2,396,000

4 Beds
3 Baths
2,910 Sq Ft
$726/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $920,000 $316 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $12,108/month

92 Days on Market

Highlights

  • Ocean View
  • Deck
  • Converted Garage
  • Oceanside
  • 3 Fireplaces
  • Storm Windows

About This Home

As of May 2019

TLC Needed! You will love this delightful three family home with ocean views only three houses from the ocean in the beautiful town of Lavallette. Investors or Beach lovers here is your opportunity to own a income producing three family home. How great to generate an income while living at the beach. This home has 3 levels, first level of residential space is a 1 bedroom 1 bath w/ fireplace and its own patio. The second level has 2 bedrooms one bath w/fireplace, it is ready for year round living with a nice size deck for outdoor enjoyment. The third level is a one bedroom one bath w/fireplace and a deck with beautiful Ocean Views. Outdoor shower, Plenty of off street parking.This home also has a *Bonus* Suite with a 10x17 Living room, bathroom, a 12x7 bedroom & 12x7 storage room.

Last Agent to Sell the Property

Erin Brower

Crossroads Realty Inc-Forked River License #0231473 Listed on: 12/12/2018

Crossroads Realty Inc-Forked River

Last Buyer's Agent

Erin Brower

Better Homes VRI Realtors

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,507

Year Built

  • Built in 1948

Lot Details

  • Lot Dimensions are 50 x 100
  • Fenced

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Cedar Shake Siding
  • Shake Siding

Interior Spaces

  • 2,910 Sq Ft Home
  • 1-Story Property
  • 3 Fireplaces
  • Window Screens
  • Ceramic Tile Flooring
  • Ocean Views
  • Pull Down Stairs to Attic

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 7 Parking Spaces
  • Converted Garage
  • Unpaved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Oceanside
  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Outdoor Grill

Schools

  • Lavallette Elementary School
  • Point Pleasant Beach High School

Utilities

  • Air Conditioning
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Furnace
  • Natural Gas Water Heater

Community Details

  • 3 Units
  • Fenced Storage

Listing and Financial Details

  • Exclusions: all personal Items ask agent for details
  • The owner pays for hot water, yard maintenance, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 16-00020-0000-00007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,507

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • Reso Flooring: Ceramic Tile
  • Reso Interior Features: PD Attic Stairs
  • New Construction: No
  • Year Built: 1948
  • 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 Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 3.0
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Parking Unpaved: Yes
  • SidingCedarShake: Yes
  • General Property Info # Parking Spaces: 7.0
  • Exterior Ocean View: Yes
  • Exterior Shed3: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Garage Converted: Yes
  • Unit 3 Gas Stove3: Yes
  • Exterior Screens2: Yes
  • Unit 2 Gas Stove2: Yes
  • Exterior Locked Storage2: Yes
  • Exterior BBQ2: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplaces: 3
  • Stories: 1
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Oceanside/Beach Blk, Oceanview
  • Waterfront: No
  • Exclusions: all personal Items ask agent for details
  • Construction Type: Shake Siding
  • Exterior Features: Deck, Fence, Patio, Storm Door(s), Storm Window, BBQ, Locked Storage, Ocean View, Screens, Lighting

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Open, Off Street, Unpaved, Converted Garage
  • Total Parking Spaces: 7.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Open: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: HWBB, Electric BB, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 16-00020-0000-00007
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Owner Pays: Hot Water, Yard Maintenance, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 11507.0
  • Tax Other Annual Assessment Amount: 1173000.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Lavallette
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2018
Closed on
May 16, 2019
Sold by
Martino Michael T and Martino Janet T
Bought by
Stefanelli Leonard and Stefanelli Lisa
Seller's Agent
Erin Brower
Crossroads Realty Inc-Forked River
Buyer's Agent
Erin Brower
Better Homes VRI Realtors
Sold Price
$920,000
Current Estimated Value
$2,114,115

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,194,115
Avg. Annual Appreciation
14.02%
Original Mortgage
$690,000
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Stefanelli Leonard $920,000 True North Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stefanelli Leonard $690,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $920,000 -- $316 / 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
2025 $11,313 $1,195,900 $977,500 $218,400
2024 $10,907 $1,195,900 $977,500 $218,400
2023 $10,146 $1,188,100 $977,500 $210,600
2022 $10,146 $1,188,100 $977,500 $210,600
2021 $9,814 $1,188,100 $977,500 $210,600
2020 $9,754 $1,188,100 $977,500 $210,600
2019 $11,484 $1,173,000 $900,000 $273,000
2018 $11,390 $1,173,000 $900,000 $273,000
2017 $11,507 $1,173,000 $900,000 $273,000
2016 $11,132 $1,173,000 $900,000 $273,000
2015 $10,897 $1,173,000 $900,000 $273,000
2014 $10,944 $1,173,000 $900,000 $273,000
Source: Public Records

Agents Affiliated with this Home

  • Erin Brower

    Seller's Agent in 2019

    Erin Brower

    Crossroads Realty Inc-Forked River

    (732) 250-4132

    11 Total Sales

    Erin Brower
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21846867

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00020-0000-00007

New Jersey Ocean County Lavallette 08735

4 New Jersey Ave, Lavallette, NJ

This home is located at 4 New Jersey Ave, Lavallette, NJ 08735 since 12 December 2018 and is currently estimated at $2,114,115, approximately $726 per square foot. This property was built in 1948. 4 New Jersey Ave is a home located in Ocean County with nearby schools including Lavallette Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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