NOT LISTED FOR SALE

507 Newark Ave Bradley Beach, NJ 07720

Estimated Value: $876,000 - $987,000

3 Beds
2 Baths
1,626 Sq Ft
$562/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $480,000 $295 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $5,388/month

91 Days on Market

Highlights

  • Victorian Architecture
  • Balcony
  • Porch
  • No HOA
  • Stained Glass
  • Living Room

About This Home

As of October 2018

Priced to Sell! Fantastic opportunity to Invest in Bradley Beach! This 2 Family, centrally located home is just 4 short blocks to the beach and boardwalk, and just a few short blocks to town. Enjoy fabulous year-round restaurants, new micro-brewery, bowling, shopping and cinema. Rent both units or use one as your beach getaway while collecting income to offset expenses. Separate gas and electric meters. Easily converted back to a Single Family home if desired. Don't miss out!

Last Agent to Sell the Property

Karen Tarantino

The Connolly Agency Brokerage Phone: 516-606-9359 License #1755541 Listed on: 05/19/2018

Co-Listed By

Charles Kovach

The Connolly Agency Brokerage Phone: 516-606-9359 License #0458634

Last Buyer's Agent

Richard Gribble

C21/ Action Plus Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,994

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 50 x 91

Parking

  • No Garage

Home Design

  • Victorian Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,626 Sq Ft Home
  • 2-Story Property
  • Stained Glass
  • Living Room
  • Laundry Room
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Porch

Schools

  • Bradley Beach Elementary And Middle School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 08-00018-0000-00007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,994

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Attribution Contact: 516-606-9359
  • Co List Office Mls Id: 2867
  • Co List Office Phone: 732-361-0800
  • Subdivision Name: None
  • Architectural Style: Victorian
  • New Construction: No
  • Year Built: 1909
  • Contract Info List PriceSqFt: 306.89
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • General Property Info Lot Dimensions: 50 x 91
  • Location Middle School: Bradley Beach
  • Roof Shingled: Yes
  • Rooms Laundry: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Porch - Open: Yes
  • Garage None4: Yes
  • Exterior Stained Glass: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Balcony, Porch - Open, Stained Glass
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 50 x 91
  • Parcel #: 08-00018-0000-00007

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 5994.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2018
Closed on
Oct 11, 2018
Sold by
Jackson Brett
Bought by
Gross Ira and Juarez Jl
Seller's Agent
Karen Tarantino
The Connolly Agency
Buyer's Agent
Richard Gribble
C21/ Action Plus Realty
Sold Price
$480,000
Current Estimated Value
$913,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$433,617
Avg. Annual Appreciation
9.41%
Original Mortgage
$376,000
Outstanding Balance
$327,894
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$585,723

Purchase Details

Closed on
Jul 24, 2001
Sold by
Kopack Peter
Bought by
Jackson Brett

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
7.21%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1997
Sold by
Setteducati Julia
Bought by
Kopack Peter and Kopack Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,000
Interest Rate
7.86%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Gross Ira $480,000 Trident Abstract Title Agenc
Jackson Brett $157,500 --
Kopack Peter $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gross Ira $376,000
Previous Owner Jackson Brett $16,000
Previous Owner Kopack Peter $77,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2018 10/11/18 Sold $480,000 -- $295 / 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 $6,988 $825,400 $552,000 $273,400
2024 $6,928 $762,000 $503,700 $258,300
2023 $6,928 $733,900 $495,600 $238,300
2022 $6,074 $619,500 $420,200 $199,300
2021 $6,074 $518,300 $323,400 $194,900
2020 $5,989 $490,100 $303,800 $186,300
2019 $6,610 $522,100 $348,000 $174,100
2018 $6,422 $464,000 $298,000 $166,000
2017 $5,994 $423,900 $263,000 $160,900
2016 $6,220 $444,900 $288,000 $156,900
2015 $6,112 $437,800 $288,000 $149,800
2014 $5,604 $404,900 $258,000 $146,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Karen Tarantino

    The Connolly Agency

    (516) 606-9359

    3 in this area

    8 Total Sales

    Karen Tarantino
    Section Image

  • C

    Seller Co-Listing Agent in 2018

    Charles Kovach

    The Connolly Agency

    (732) 361-0800

    Charles Kovach
    Section Image

  • R

    Buyer's Agent in 2018

    Richard Gribble

    C21/ Action Plus Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21819705

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00018-0000-00007

New Jersey Monmouth County Bradley Beach 07720

507 Newark Ave, Bradley Beach, NJ

Not Listed for Sale

Detached

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Information is deemed reliable but not guaranteed.

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