NOT LISTED FOR SALE

400 5th Ave Belmar, NJ 07719

Estimated Value: $1,752,000 - $2,307,000

6 Beds
5 Baths
2,857 Sq Ft
$692/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $1,350,000 $473 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $11,621/month

117 Days on Market

Highlights

  • Wood Flooring
  • Sun or Florida Room
  • Mud Room
  • Victorian Architecture
  • Corner Lot
  • No HOA

About This Home

As of May 2022

Quintessential Shore Victorian Beach House! Compare this fixer upper gem to Cape May and Ocean Grove homes, then add a large yard, off street parking and a 3 car garage with bonus room above! Room for extended family and guests, this property is just 3 blocks to the sandy beach and boardwalk, just 3 blocks to the thriving town center, and just a 1/2 mile to the sparkling marina, where you'll find boat rentals, parasailing, waterfront dining, and a river beach for kayaking and sailing. Savvy buyers will secure this opportinuty to own property in this most sought-after Belmar location, with neighboring homes selling for over $2 million. Start collecting Pinterest photos! You have the chance to make this your dreamhome.

Last Agent to Sell the Property

Aileen Byrne-Fahy

Berkshire Hathaway HomeServices Fox & Roach - Wall Listed on: 11/24/2021

Last Buyer's Agent

Richard Covey

Keller Williams Avon Realty License #1758103

Keller Williams Avon Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,335

Year Built

  • Built in 1903

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Corner Lot

Parking

  • 3 Car Detached Garage
  • Driveway

Home Design

  • Victorian Architecture
  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Crown Molding
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Wood Burning Fireplace
  • Leaded Glass Windows
  • French Doors
  • Mud Room
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Sun or Florida Room
  • Wood Flooring
  • Partial Basement

Kitchen

  • Butlers Pantry
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Covered Patio or Porch
  • Gazebo

Schools

  • Belmar Middle School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 07-00043-0000-00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,335

Year Built

Built in 1903

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Corner Lot
  • Inclusions: Washer, Ceiling Fan(s), Dishwasher, Dryer, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Detached, Victorian
  • Reso Interior Features: Ceilings - 9Ft+ 1st Flr, Ceilings - 9Ft+ 2nd Flr, Dec Molding, French Doors, Lead Glass Window
  • Year Built: 1903
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.17
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Belmar
  • Lot Description Corner Lot: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Ceilings - 9Ft 2nd Flr: Yes
  • Interior Dec Molding: Yes
  • Interior French Doors: Yes
  • Included Ceiling Fan(s): Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Garage Oversized: Yes
  • ExteriorOutdoorShower: Yes
  • Exterior Gazebo: Yes
  • Rooms Mud: Yes
  • Mud Level First11: Yes
  • Interior Lead Glass Window: Yes
  • Cooling 2 Zoned AC: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Total Bedrooms: 16
  • Stories: 3
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Other Rooms:Sunroom: Yes
  • Other Rooms:Foyer: Yes
  • Basement:Partial: Yes
  • Primary Bedroom Level:Second43: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Exterior Features: Gazebo, Outdoor Shower, Porch - Covered
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Driveway, Oversized
  • General Property Info:Garage: Yes
  • Parking Driveway: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • Parcel #: 07-00043-0000-00018
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 12335.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2021
Closed on
May 18, 2022
Sold by
Reitmeyer Cyrus E
Bought by
Richard C Rasch Trust and Margaret C Rasch Trust
Seller's Agent
Aileen Byrne-Fahy
Berkshire Hathaway HomeServices Fox & Roach - Wall
Buyer's Agent
Richard Covey
Keller Williams Avon Realty
List Price
$1,499,999
Sold Price
$1,350,000
Premium/Discount to List
-$149,999
-10%
Current Estimated Value
$1,976,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$626,302
Avg. Annual Appreciation
11.79%

Purchase Details

Closed on
Sep 22, 1997
Sold by
Mehlan Jane
Bought by
Reitmeyer Cyrus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Outstanding Balance
$25,436
Interest Rate
7.41%
Estimated Equity
$1,950,866

Purchase Details

Closed on
May 1, 1996
Sold by
Mazza Kathleen
Bought by
Mehlan Jane

Purchase Details

Closed on
Jun 24, 1994
Sold by
Cannon Thomas
Bought by
Mazza Kathleen and O'Neil Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
8.55%
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
Richard C Rasch Trust $1,350,000 Two Rivers Title
Richard C Rasch Trust $1,350,000 Two Rivers Title
Reitmeyer Cyrus $220,000 --
Mehlan Jane $209,900 --
Mazza Kathleen $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reitmeyer Cyrus $165,000
Previous Owner Mazza Kathleen $162,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $1,350,000 -10.0% $473 / Sq Ft
05/02/2022 05/02/22 For Sale $1,499,999 0.0% $525 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $1,499,999 0.0% $525 / Sq Ft
12/17/2021 12/17/21 Pending -- -- --
11/24/2021 11/24/21 For Sale $1,499,999 0.0% $525 / Sq Ft
01/15/2013 01/15/13 Rented $27,000 +8.0% --
05/30/2012 05/30/12 Rented $25,000 -- --
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 $13,226 $1,151,800 $550,000 $601,800
2024 $12,781 $909,000 $550,000 $359,000
2023 $12,781 $909,000 $550,000 $359,000
2022 $12,335 $909,000 $550,000 $359,000
2021 $12,335 $909,000 $550,000 $359,000
2020 $12,226 $909,000 $550,000 $359,000
2019 $12,226 $909,000 $550,000 $359,000
2018 $11,226 $909,000 $550,000 $359,000
2017 $10,953 $909,000 $550,000 $359,000
2016 $9,991 $522,800 $260,000 $262,800
2015 $9,649 $502,800 $240,000 $262,800
2014 $9,342 $482,800 $220,000 $262,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22137611

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00043-0000-00018