$460,000
SOLD OCT 28, 2024

508 Magnolia Ave Brick, NJ 08723

3 Beds
2 Baths
908 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$507 Per Sq Ft

2% Above List Price

16 Days on Market

Highlights

  • Wood Flooring
  • Patio
  • Forced Air Heating and Cooling System
  • No HOA
  • Recessed Lighting
  • 1-Story Property

About This Home

As of October 2024

Welcome to 508 Magnolia, a true gem in Brick NJ This property has been totally renovated w/ finished walk-out basement that offers more than just functional space. It exudes an unrestricted charm that extends the home's living and entertaining options. This versatile space is perfect for hosting cozy evenings or just indulging in peaceful solitude. Perfect oversized corner property provides an expansive space for future additions or space for outdoor activities, gardening, or just lounging under the blue sky. The location of this home delivers a lifestyle of convenience. It is situated just a short distance to beautiful parks, reliable schools, and all the beaches. Shopping that caters to all your retail needs are equally accessible. Commute, the parkway is just a couple of miles.

Last Agent to Sell the Property

Sharon Miranda

EXIT Realty Jersey Shore License #9696129 Listed on: 09/11/2024

EXIT Realty Jersey Shore

Last Buyer's Agent

Tracey Carpe

C21/ Action Plus Realty License #1754010

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,197

Year Built

  • Built in 1958

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 100 x 100

Home Design

  • Shingle Roof

Interior Spaces

  • 908 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Finished Basement
  • Walk-Out Basement
  • Pull Down Stairs to Attic

Flooring

  • Wood
  • Wall to Wall Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Utilities

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

Community Details

  • No Home Owners Association
  • Birchwood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 07-00507-0000-00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,197

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Birchwood Park
  • Architectural Style: Ranch
  • Reso Interior Features: Attic - Pull Down Stairs, Recessed Lighting
  • New Construction: No
  • Year Built: 1958
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Acreage: 0.23
  • General Property Info Lot Dimensions: 100 x 100
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Recessed Lighting: Yes
  • Kitchen Floor - Ceramic4: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • Style Ranch: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 1
  • Basement Finished: Yes
  • Basement:Walk-Out Access: Yes
  • Primary Bedroom:Floor - WW Carpet3: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • 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: Natural Gas, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 100 x 100
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 07-00507-0000-00040

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5197.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2024
Closed on
Oct 25, 2024
Sold by
Pennell Patrick
Bought by
Delaura Alexander L and Sarno Gabrielle M
Seller's Agent
Sharon Miranda
EXIT Realty Jersey Shore
Buyer's Agent
Tracey Carpe
C21/ Action Plus Realty
List Price
$449,000
Sold Price
$460,000
Premium/Discount to List
$11,000
2.45%
Views
31
Current Estimated Value
$458,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,831
Avg. Annual Appreciation
0.51%
Original Mortgage
$280,000
Outstanding Balance
$277,192
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$184,857

Purchase Details

Closed on
Apr 7, 2005
Sold by
Pennell Margaret
Bought by
Pennell Margaret and Pennell Patrick

Purchase Details

Closed on
Jan 4, 2005
Sold by
Trabucco Mark A and Trabucco Jennie L
Bought by
Pennell Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1994
Sold by
Mcgarvey Justine
Bought by
Trabucco Mark Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
8.5%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $460,000 Group 21 Title
Interfamily Deed Transfer -- --
Bargain Sale Deed $200,000 --
Deed $77,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Previous Owner $190,000 New Conventional
Previous Owner $50,000 Unknown
Previous Owner $15,700 Unknown
Previous Owner $18,800 Unknown
Previous Owner $73,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2024 10/28/24 Sold $460,000 +2.4% $507 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $449,000 -- $494 / 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 $5,468 $211,700 $117,500 $94,200
2024 $5,197 $211,700 $117,500 $94,200
2023 $5,129 $211,700 $117,500 $94,200
2022 $5,129 $211,700 $117,500 $94,200
2021 $5,022 $211,700 $117,500 $94,200
2020 $4,958 $211,700 $117,500 $94,200
2019 $4,875 $211,700 $117,500 $94,200
2018 $4,763 $211,700 $117,500 $94,200
2017 $4,634 $211,700 $117,500 $94,200
2016 $4,611 $211,700 $117,500 $94,200
2015 $4,490 $211,700 $117,500 $94,200
2014 $4,454 $211,700 $117,500 $94,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22426230

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00507-0000-00040