NOT LISTED FOR SALE

505 Newark Ave Bradley Beach, NJ 07720

Estimated Value: $827,264 - $1,160,000

5 Beds
2 Baths
2,122 Sq Ft
$494/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $500,000 $236 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $6,421/month

32 Days on Market

Highlights

  • Deck
  • No HOA
  • Air Conditioning
  • Wood Burning Stove
  • Porch
  • Zoned Heating

About This Home

As of June 2021

An Investor's Dream! Great opportunity to own or flip at the Jersey Shore. Breathe life back into this large 1914 sea shore home. Located on a prime 50 x 100 lot. This 2,100 sq. ft. home with large driveway has endless possibilities. Front porch, 2 family rooms, living room, 2 kitchens, 5 bedrooms and sliding doors from FR to deck. 4 blocks to beach, 1 block from Fletcher lake, walk to town, train and Riley Park. Keep as a mother/daughter or convert back to a 5 bedroom. Seller makes no representations and will not make any repairs. Buyer responsible for obtaining CO. House needs rehab. Property is vacant. Being sold strictly ''AS IS''.

Last Agent to Sell the Property

Karen Goldberg

Keller Williams Realty West Monmouth License #1969987 Listed on: 04/01/2021

Keller Williams Realty West Monmouth

Last Buyer's Agent

Sharon Ferrari

Patrick Parker Realty License #1432119

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,626

Year Built

  • Built in 1914

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 50 x 100

Home Design

  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 2,122 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Light Fixtures
  • Wood Burning Stove
  • Gas Cooktop
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Porch

Schools

  • Bradley Beach Elementary And Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08-00018-0000-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,626

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: AC Units, Wood Stove, Ceiling Fan(s), Light Fixtures, Refrigerator, Gas Cooking
  • Subdivision Name: None
  • Architectural Style: Mother/Daughter
  • Reso Flooring: Cement
  • Year Built: 1914
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.11
  • General Property Info Lot Dimensions: 50 x 100
  • Location Middle School: Bradley Beach
  • Roof Shingled: Yes
  • Included Gas Cooking: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Parking Asphalt: Yes
  • Exterior Porch - Open: Yes
  • Included Light Fixtures: Yes
  • Garage None4: Yes
  • Number Appliances Included A C Units: Yes
  • Included Ceiling Fan(s): Yes
  • ExteriorDeck: Yes
  • Siding Shingle: Yes
  • Cooling Multi Units: Yes
  • Included Wood Stove: Yes
  • Living Room Wood Burning Stove: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Stories: 2
  • Appliances Included:Refrigerator: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.11
  • Waterfront: No
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, Porch - Open

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Asphalt, Driveway, None
  • General Property Info:Garage: No
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Natural Gas, HWBB, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 50 x 100
  • Lot Size Sq Ft: 4791.6
  • Parcel #: 08-00018-0000-00008
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7626.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 16, 2021
Sold by
Albrecht Jeffrey S and William Kenneth Albrechtirrevocable
Bought by
505 Newark Avenue Llc
Seller's Agent
Karen Goldberg
Keller Williams Realty West Monmouth
Buyer's Agent
Sharon Ferrari
Patrick Parker Realty
List Price
$695,000
Sold Price
$500,000
Premium/Discount to List
-$195,000
-28.06%
Current Estimated Value
$1,048,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$548,816
Avg. Annual Appreciation
18.99%
Interest Rate
2.96%

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 4, 2021
Sold by
William Kenneth Albrecht Irrevocable Tru and Albrecht Jeffrey S
Bought by
505 Newark Avenue Llc
Seller's Agent
Karen Goldberg
Keller Williams Realty West Monmouth
Buyer's Agent
Sharon Ferrari
Patrick Parker Realty
List Price
$695,000
Sold Price
$500,000
Premium/Discount to List
-$195,000
-28.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.96%

Purchase Details

Listed on
Apr 1, 2021
Closed on
May 26, 2021
Sold by
Albrecht Jeffrey S and Albrecht William Kenneth
Bought by
505 Newark Avenue Llc
Seller's Agent
Karen Goldberg
Keller Williams Realty West Monmouth
Buyer's Agent
Sharon Ferrari
Patrick Parker Realty
List Price
$695,000
Sold Price
$500,000
Premium/Discount to List
-$195,000
-28.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.96%

Purchase Details

Closed on
Oct 10, 2017
Sold by
Albrecht W Kenneth
Bought by
Albrecht Trust

Purchase Details

Closed on
Apr 23, 2008
Sold by
Sekewinic Llc
Bought by
Albrecht W Kenneth

Purchase Details

Closed on
Dec 6, 1999
Sold by
Poinsett Stanley
Bought by
Sekewinic Llc

Purchase Details

Closed on
Sep 30, 1997
Sold by
Widman Paul
Bought by
Poinsett Stanley and Poinsett Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.46%
Mortgage Type
FHA
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
505 Newark Avenue Llc $500,000 --
505 Newark Avenue Llc $500,000 Old Republic Title
505 Newark Avenue Llc $500,000 Truex Abstract Inc
Albrecht Trust -- --
Albrecht W Kenneth -- None Available
Sekewinic Llc $132,500 --
Poinsett Stanley $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed 505 Newark Avenue Llc --
Previous Owner Poinsett Stanley $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $500,000 -28.1% $236 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $695,000 -- $328 / 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 $9,012 $1,059,500 $564,000 $495,500
2024 $8,829 $982,800 $514,700 $468,100
2023 $8,829 $935,300 $504,900 $430,400
2022 $8,191 $649,900 $427,600 $222,300
2021 $8,191 $698,900 $328,300 $370,600
2020 $8,085 $661,600 $307,500 $354,100
2019 $7,626 $602,400 $349,000 $253,400
2018 $7,482 $540,600 $299,000 $241,600
2017 $7,045 $498,200 $264,000 $234,200
2016 $7,232 $517,300 $289,000 $228,300
2015 $7,078 $507,000 $289,000 $218,000
2014 $5,903 $426,500 $259,000 $167,500
Source: Public Records

Agents Affiliated with this Home

  • Karen Goldberg

    Seller's Agent in 2021

    Karen Goldberg

    Keller Williams Realty West Monmouth

    (908) 216-5108

    10 in this area

    77 Total Sales

    Karen Goldberg
    Section Image
  • Sharon Ferrari

    Buyer's Agent in 2021

    Sharon Ferrari

    Patrick Parker Realty

    (732) 455-5252

    8 in this area

    69 Total Sales

    Sharon Ferrari
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22109566

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00018-0000-00008

New Jersey Monmouth County Bradley Beach 07720

505 Newark Ave, Bradley Beach, NJ

This home is located at 505 Newark Ave, Bradley Beach, NJ 07720 since 01 April 2021 and is currently estimated at $1,048,816, approximately $494 per square foot. This property was built in 1914. 505 Newark Ave is a home located in Monmouth County with nearby schools including Bradley Beach Elementary School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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