NOT LISTED FOR SALE

416 Sophee Ln Unit 1000 Lakewood, NJ 08701

Estimated Value: $182,638 - $204,000

1 Bed
1 Bath
889 Sq Ft
$215/Sq Ft Est. Value

Last Sold April 17, 2023

Last sale price $160,000 $180 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,562/month

21 Days on Market

Highlights

  • Senior Community
  • Forced Air Heating and Cooling System
  • 1-Story Property
  • Patio

About This Home

As of April 2023

Welcome to Covington Village! Lakewood's premier 55 plus Condo Community. This 890 Sq ft unit is conveniently located on the first floor of a beautifully kept and maintained 3 story building . This condo offers 1 bedroom , 1 bathroom , gorgeous kitchen , granite counters , hardwood floors , and a large laundry closet . There are sliders off the living room leading to a lovely patio with an outdoor storage area. Located in close proximity to GSP , jersey shore beaches , attractions and many medical facilities. Nothing to do but unpack!

Last Listed By

Julie Elkon

J Elkon Realty LLC License #1539500 Listed on: 02/28/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,990

Year Built

  • Built in 2006

Lot Details

  • 436

HOA Fees

  • $321 Monthly HOA Fees

Home Design

  • Property Attached
  • Shingle Roof

Interior Spaces

  • 889 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Lakewood Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Additional Features

  • Patio
  • 436 Sq Ft Lot

Community Details

  • Senior Community
  • Covington Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 15-01082-0000-00009-416

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,990

Year Built

Built in 2006

Lot Details

0

HOA Fees

$321 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Adult Community
  • Subdivision Name: Covington Village
  • Property Attached Yn: Yes
  • Year Built: 2006
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: Yes
  • General Property Info Pool: No
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.01
  • Location Middle School: Lakewood
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Basement:None2: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.01
  • Waterfront: No
  • Exterior Features: Patio

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 321.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Lakewood

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 15-01082-0000-00009-416

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1990.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
Apr 4, 2023
Sold by
Roth Efraim
Bought by
Vargas Rafael A and Vargas Yolanda
Seller's Agent
Julie Elkon
J Elkon Realty LLC
Buyer's Agent
Sonia Macyshyn
RE/MAX at Barnegat Bay
List Price
$169,000
Sold Price
$160,000
Premium/Discount to List
-$9,000
-5.33%
Total Days on Market
21
Views
54
Current Estimated Value
$190,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,910
Avg. Annual Appreciation
8.69%
Original Mortgage
$120,000
Outstanding Balance
$117,183
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$73,727

Purchase Details

Listed on
Sep 29, 2020
Closed on
Feb 1, 2021
Sold by
Kaplan Michael and Adele Kaplan Living Trust
Bought by
Roth Efrain
Seller's Agent
Julie Elkon
J Elkon Realty LLC
Buyer's Agent
Julie Elkon
J Elkon Realty LLC
List Price
$129,000
Sold Price
$110,000
Premium/Discount to List
-$19,000
-14.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.48%

Purchase Details

Listed on
Sep 29, 2020
Closed on
Jan 29, 2021
Sold by
Adele Kaplan Living Trust and Bender Laura
Bought by
Roth Efraim
Seller's Agent
Julie Elkon
J Elkon Realty LLC
Buyer's Agent
Julie Elkon
J Elkon Realty LLC
List Price
$129,000
Sold Price
$110,000
Premium/Discount to List
-$19,000
-14.73%

Purchase Details

Closed on
Jul 12, 2014
Sold by
Kaplan Michael
Bought by
Kaplan Michael and Adele Kaplan Living Trust

Purchase Details

Closed on
Dec 15, 2008
Sold by
Kaplan Adele
Bought by
Kaplan Adele and Adele Kaplan Living Trust

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
Vargas Rafael A $160,000 Allstate Title
Roth Efrain $110,000 Riverside Abstract Llc
Roth Efraim $110,000 Stewart Title
Kaplan Michael -- None Available
Kaplan Adele -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Rafael A $120,000
Previous Owner Covington Village Investors Lp $22,376,317
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold $160,000 -5.3% $180 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $169,000 0.0% $190 / Sq Ft
02/15/2022 02/15/22 Rented $16,800 +1100.0% --
02/03/2022 02/03/22 Under Contract -- -- --
01/19/2022 01/19/22 For Rent $1,400 0.0% --
01/29/2021 01/29/21 Sold $110,000 -9.8% --
01/11/2021 01/11/21 Pending -- -- --
12/15/2020 12/15/20 Price Changed $122,000 -5.4% --
09/29/2020 09/29/20 For Sale $129,000 -- --
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
2024 $2,061 $87,200 $25,000 $62,200
2023 $1,990 $87,200 $25,000 $62,200
2022 $1,990 $87,200 $25,000 $62,200
2021 $991 $87,200 $25,000 $62,200
2020 $1,981 $87,200 $25,000 $62,200
2019 $1,906 $87,200 $25,000 $62,200
2018 $1,820 $87,200 $25,000 $62,200
2017 $2,198 $87,200 $25,000 $62,200
2016 $2,546 $86,900 $20,000 $66,900
2015 $2,464 $86,900 $20,000 $66,900
2014 $2,087 $86,900 $20,000 $66,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22305376

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 15-01082-0000-00009-416-C1000