NOT LISTED FOR SALE

5 Island View Way Unit 60 Sea Bright, NJ 07760

Sea Bright Neighborhood

Estimated Value: $787,011 - $910,000

3 Beds
2.5 Baths
1,183 Sq Ft
$726/Sq Ft Est. Value

Last Sold October 07, 2020

Last sale price $550,000 $465 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,586/month

20 Days on Market

Highlights

  • Community Beach Access
  • In Ground Pool
  • River View
  • Wolf Hill Elementary School Rated A-
  • Oceanside
  • Deck

About This Home

As of October 2020

Ultimate resort style living is now yours! Enjoy the private access beach adjacent to Driftwood Beach Club or kayaking & paddle boarding on the Shrewsbury River, both just steps from this beautiful 3 bedroom 2.5 bath townhome. Open concept entertaining level offers walls of glass opening to front & rear decks with waterview. Eat-in kitchen with stainless appliances leads to
formal dining room & large great room with fireplace and wet bar. Upper level boasts 2 large bedrooms and spectacular new bath with dual vanities. Tranquil lower level guest suite/office opens to patio & features remodeled bath. Garage, central air. Only offering available in Island View! Be on vacation year round with pool, tennis & the beach. Close to quaint shops & restaurants. Minutes from high-speed NYC ferry.

Last Agent to Sell the Property

Thomas McCormack

Resources Real Estate Brokerage Phone: 732-212-0440 License #0227596 Listed on: 08/14/2020

Co-Listed By

Bruce Meltzer

Resources Real Estate Brokerage Phone: 732-212-0440 License #1973014

Last Buyer's Agent

AMY JOHNSON

Better Homes and Gardens Real Estate Murphy & Co. License #1970177

Better Homes and Gardens Real Estate Murphy & Co.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,326

Year Built

  • Built in 1982

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 70 x 111
  • River Front
  • Landscaped

HOA Fees

  • $604 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • Common or Shared Parking
  • Garage Door Opener
  • Visitor Parking
  • Open Parking
  • Off-Street Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 1,183 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Central Vacuum
  • Ceiling Fan
  • 1 Fireplace
  • Sliding Doors
  • Sunken Living Room
  • Dining Room
  • River Views
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on third floor
  • Dual Vanity Sinks in Primary Bathroom

Pool

  • In Ground Pool
  • Outdoor Pool
  • Fence Around Pool

Outdoor Features

  • Oceanside
  • Balcony
  • Deck

Schools

  • Wolf Hill Elementary School
  • Maple Place Middle School
  • Shore Reg High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Exclusions: Electronics, mirrors, some light fixtures (pls request list from listing agent.)
  • Assessor Parcel Number 42-00001-13-00059

Community Details

Overview

  • Association fees include trash, common area, mgmt fees, pool, sewer, snow removal
  • Island View Subdivision

Recreation

  • Community Beach Access
  • Beach
  • Tennis Courts
  • Community Pool
  • Snow Removal

Pet Policy

  • Dogs and Cats Allowed

Additional Features

  • Common Area
  • Resident Manager or Management On Site

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,326

Year Built

Built in 1982

Lot Details

0

HOA Fees

$604 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Attribution Contact: 732-212-0440
  • ResoLotFeatures: Riverfront, Riverview
  • ResoPoolFeatures: Fenced, In Ground
  • Reso Association Amenities: Tennis Court, Professional Management, Beach, Swimming, Pool, Landscaping
  • Reso Association Fee Includes: Trash, Common Area, Mgmt Fees, Pool, Sewer, Snow Removal
  • Co List Office Mls Id: 2709
  • Co List Office Phone: 732-212-0440
  • Inclusions: Ceiling Fan(s), Dishwasher, Central Vacuum, Microwave, Refrigerator, Garage Door Opener
  • Subdivision Name: Island View
  • Architectural Style: Townhouse
  • Reso Interior Features: Sliding Door, Wet Bar
  • New Construction: No
  • Property Attached Yn: Yes
  • Year Built: 1982
  • Contract Info List PriceSqFt: 473.29
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Assigned Parking: No
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Ownership Type Condominium: Yes
  • Style Attached2: Yes
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • Exterior Swimming: Yes
  • Common Elements Pool4: Yes
  • Fee Includes Common Area2: Yes
  • Fee Includes Pool3: Yes
  • Garage Direct Entry: Yes
  • General Property Info Acreage: 0.18
  • General Property Info Lot Dimensions: 70 x 111
  • Location Middle School: Maple Place
  • Water Heater Electric2: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Style Townhouse: Yes
  • Included Ceiling Fan(s): Yes
  • Common Elements Landscaping: Yes
  • ExteriorDeck: Yes
  • Pool Fenced: Yes
  • Kitchen Eat-In: Yes
  • Exterior Tennis Court(s): Yes
  • Common Elements Tennis Court: Yes
  • Living Room Sliding Door2: Yes
  • Lot Description Riverfront2: Yes
  • Water Type Riverfront: Yes
  • Living Room Sunken: Yes
  • Parking Visitor: Yes
  • Water Type Riverview: Yes
  • Common Elements Beach: Yes
  • Lot Description Riverview2: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 3
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Appliances Included:Microwave: Yes
  • Features Interior:Wet Bar: Yes
  • Appliances Included:Central Vacuum: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes
  • Primary Bath:Floor - Ceramic7: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bedroom Level Third43: Yes

Exterior Features

  • Roof: Other - See Remarks
  • Acres: 0.18
  • Waterfront Features: Oceanside/Beach Blk, Riverfront, Riverview
  • Waterfront: Yes
  • Exclusions: Electronics, mirrors, some light fixtures (pls request list from listing agent.)
  • Exterior Features: Balcony, Deck, Swimming, Tennis Court(s)
  • Foundation Details: Slab
  • Exterior Features:Pool-In Ground: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Open, Common, Off Street, Visitor, Direct Access
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes
  • Parking Open: Yes
  • GarageParking:Common: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 604.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Snow Removal: Yes
  • Association Fee Includes:Trash: Yes
  • Association Fee Includes:Sewer: Yes

Schools

  • Middle Or Junior School: Maple Place

Lot Info

  • Lot Dimensions: 70 x 111
  • Lot Size Sq Ft: 7840.8
  • Parcel #: 42-00001-13-00059
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6326.0

MLS Schools

  • Elementary School: Wolf Hill
  • High School: Shore Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 29, 2020
Sold by
Posnack Jennifer and Demarchi John
Bought by
Gorman Michael P and Gorman Lisa
Seller's Agent
Thomas McCormack
Resources Real Estate
Buyer's Agent
AMY JOHNSON
Better Homes and Gardens Real Estate Murphy & Co.
List Price
$559,900
Sold Price
$550,000
Premium/Discount to List
-$9,900
-1.77%
Current Estimated Value
$858,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$308,503
Avg. Annual Appreciation
9.09%
Original Mortgage
$300,000
Outstanding Balance
$266,348
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$592,155

Purchase Details

Closed on
Apr 20, 2006
Sold by
Chiang Wei Hwan
Bought by
Posnack Jennifer

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
6.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2005
Sold by
Chiang Wei Hwan
Bought by
Chiang Wei Hwan

Purchase Details

Closed on
Oct 30, 1997
Sold by
Bove Michael
Bought by
Chiang Wei Hwan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,000
Interest Rate
7.14%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gorman Michael P $550,000 Surety Title Agency Coastal
Posnack Jennifer $500,000 --
Chiang Wei Hwan -- --
Chiang Wei Hwan $177,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorman Michael P $300,000
Previous Owner Posnack Jennifer $400,000
Previous Owner Chiang Wei Hwan $127,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2020 10/07/20 Sold $550,000 -1.8% $465 / Sq Ft
09/04/2020 09/04/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $559,900 -- $473 / 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 $5,500 $737,600 $524,200 $213,400
2024 $6,314 $575,300 $495,000 $80,300
2023 $6,314 $616,600 $460,000 $156,600
2022 $6,626 $585,600 $435,000 $150,600
2021 $6,626 $532,200 $385,000 $147,200
2020 $6,628 $516,200 $375,000 $141,200
2019 $6,326 $466,200 $329,000 $137,200
2018 $6,350 $442,200 $294,000 $148,200
2017 $5,890 $403,700 $260,000 $143,700
2016 $5,499 $421,400 $285,000 $136,400
2015 $5,466 $272,500 $130,000 $142,500
2014 $7,163 $358,700 $200,000 $158,700
Source: Public Records

Agents Affiliated with this Home

  • Thomas McCormack

    Seller's Agent in 2020

    Thomas McCormack

    Resources Real Estate

    (732) 241-5695

    1 in this area

    18 Total Sales

    Thomas McCormack
    Section Image
  • Bruce Meltzer

    Seller Co-Listing Agent in 2020

    Bruce Meltzer

    Resources Real Estate

    (732) 233-6213

    1 in this area

    18 Total Sales

    Bruce Meltzer
    Section Image

  • A

    Buyer's Agent in 2020

    AMY JOHNSON

    Better Homes and Gardens Real Estate Murphy & Co.

    (732) 245-1298

    12 Total Sales

    AMY JOHNSON
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22028418

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 42-00001-13-00059

New Jersey Monmouth County Sea Bright 07760 Sea Bright

5 Island View Way Unit 60, Sea Bright, NJ

Not Listed for Sale

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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