NOT LISTED FOR SALE

509 5th Ave Belmar, NJ 07719

Estimated Value: $1,510,000 - $2,458,000

4 Beds
2.5 Baths
2,450 Sq Ft
$764/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $955,000 $390 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $11,918/month

30 Days on Market

Highlights

  • Wood Flooring
  • Bonus Room
  • No HOA
  • Shore Colonial Architecture
  • Sun or Florida Room
  • Den

About This Home

As of July 2020

HIGHLY SOUGHT AFTER, BELMAR'S NORTH END, 5TH AVE AND INLET TERRACE, ACROSS FROM A QUAINT PARK AND A SHORT WALK TO THE BEACH, MAIN STREET WITH ALL ITS DINING, SCHOOLS, MARINA AND SHOPS. A LARGE COVERED PORCH WITH AWNINGS CAN ACCOMMODATE FAMILY AND FRIENDS. FABULOUS OPPORTUNITY TO OWN THIS CHARMING CIRCA 1903 CLASSIC SHORE COLONIAL. YOU WILL FIND THE CHARM OF YESTERYEAR WITH ALL ORIGINAL TRIM, COFFERED CEILINGS, FRENCH DOORS, FIREPLACE AND FLOORING. FOUR BEDROOMS, 2 PLUS BATHS, DEN, SUNROOM AND 2ND FLOOR REAR DECK. FORMAL LIVING ROOM WITH WOODBURNING FIREPLACE. FORMAL DINING ROOM OFF THE KITCHEN IS PERFECT FOR FAMILY GATHERINGS. ENJOY THE PRIVACY OF THE BACKYARD WITH 3 CAR GARAGE FORMERLY HORSE STALLS FOR AevLL YOUR BIKES, KAYAKS AND SURF BOARDS. NEW ROOF AND GUTTERS 2011. WALL TO WALL CARPET 2017 FIRST FLOOR. NEW GARAGE DOOR 2019. NOT IN A FLOOD ZONE. HOME OWNED BY SAME FAMILY SINCE 1935! DON'T MISS THIS OPPORTUNITY. FIRST TIME ON THE MARKET IN 85 YEARS. AS IS SALE.

Last Agent to Sell the Property

Lina Negrey

Coldwell Banker Realty License #0447907 Listed on: 06/01/2020

Coldwell Banker Realty

Last Buyer's Agent

Marie Gentile

Keller Williams Realty West Monmouth

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,032

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 50 x 150

Parking

  • 3 Car Detached Garage
  • Parking Available

Home Design

  • Shore Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,450 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Crown Molding
  • Beamed Ceilings
  • Wood Burning Fireplace
  • Bay Window
  • French Doors
  • Living Room
  • Dining Room
  • Den
  • Bonus Room
  • Sun or Florida Room
  • Stove
  • Unfinished Basement

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Primary Bathroom is a Full Bathroom

Eco-Friendly Details

  • Solar owned by a third party
  • Solar Water Heater

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Belmar Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Oil Above Ground

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal items
  • Assessor Parcel Number 07-00054-0000-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,032

Year Built

Built in 1903

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: AC Units, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Detached, Shore Colonial
  • Reso Flooring: W/W Carpet
  • Reso Interior Features: Balcony, Bonus Room, Built-Ins, Ceilings - Beamed, French Doors
  • Year Built: 1903
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Belmar
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Balcony: Yes
  • Interior French Doors: Yes
  • Living Room Floor - WW Carpet7: Yes
  • Dining Room Floor - WW Carpet6: Yes
  • Number Appliances Included A C Units: Yes
  • Foyer Floor - Wood: Yes
  • Dining Room Dec Molding4: Yes
  • Parking Concrete: Yes
  • Heating Oil Above Ground: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • Kitchen Floor - Laminate2: Yes
  • Style Shore Colonial: Yes
  • Cooling Multi Units: Yes
  • Dining Room BayBow Window3: Yes
  • Interior Bonus Room: Yes
  • Interior Ceilings - Beamed: Yes
  • Dining Room Built-Ins3: Yes
  • Dining Room French Doors3: Yes
  • Foyer Floor - WW Carpet: Yes
  • Water Heater Solar2: Yes
  • Energy Features Solar Panels Rented: Yes
  • Special Features: None

Interior Features

  • Basement: Bilco Style Doors, Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplaces: 1
  • Total Bedrooms: 10
  • Stories: 1
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Refrigerator: Yes
  • Other Rooms:Sunroom: Yes
  • Basement:Unfinished: Yes
  • Other Rooms:Basement3: Yes
  • Other Rooms:Den2: Yes
  • OtherRoomsOther2: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Full Bath: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal items
  • Exterior Features: Balcony, Patio, Porch - Covered
  • Features Exterior:Porch Covered: Yes
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Concrete
  • General Property Info:Garage: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Radiator, Oil Above Ground
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 07-00054-0000-00003
  • Zoning Description: Residential, Single Family

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 9032.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Jul 30, 2020
Sold by
Gepp William and Gepp John D
Bought by
Dean Michael and Dean Donna
Seller's Agent
Lina Negrey
Coldwell Banker Realty
Buyer's Agent
Marie Gentile
Keller Williams Realty West Monmouth
List Price
$899,000
Sold Price
$955,000
Premium/Discount to List
$56,000
6.23%
Current Estimated Value
$1,972,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,017,692
Avg. Annual Appreciation
16.37%
Original Mortgage
$655,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2013
Sold by
Gepp Stephen J and Gepp Vincent H
Bought by
Gepp Stephen J and Gepp Vincent H
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
Dean Michael -- Oceanview Title
Gepp Stephen J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean Michael $167,203
Open Dean Michael $1,400,000
Previous Owner Dean Michael $655,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2020 07/30/20 Sold $955,000 +6.2% $390 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $899,000 -- $367 / 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
2024 $13,419 $978,900 $450,000 $528,900
2023 $13,419 $954,400 $450,000 $504,400
2022 $9,112 $671,500 $450,000 $221,500
2021 $9,112 $671,500 $450,000 $221,500
2020 $9,032 $671,500 $450,000 $221,500
2019 $9,032 $671,500 $450,000 $221,500
2018 $8,293 $671,500 $450,000 $221,500
2017 $8,092 $671,500 $450,000 $221,500
2016 $7,814 $408,900 $205,000 $203,900
2015 $8,135 $423,900 $220,000 $203,900
2014 $7,815 $403,900 $200,000 $203,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22017260

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00054-0000-00003