NOT LISTED FOR SALE

516 Lake Terrace Bradley Beach, NJ 07720

Estimated Value: $890,338 - $1,048,000

3 Beds
2.5 Baths
1,842 Sq Ft
$546/Sq Ft Est. Value

Last Sold August 03, 2018

Last sale price $568,000 $308 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $6,127/month

53 Days on Market

Highlights

  • Contemporary Architecture
  • No HOA
  • Eat-In Kitchen
  • Wood Flooring
  • 1 Car Attached Garage
  • Crown Molding

About This Home

As of August 2018

Welcome home to 516 Lake Terrace. Located four blocks to the beach and within walking distance to Historic Ocean Grove. This beautiful 3 bedroom 2.5 bath home was built in 2005. Home Features include: hardwood floors throughout, decorative molding, second floor laundry, walk in master closet, paver patio, and irrigation system. Riley Court, a cul-de-sac, is located directly behind home. There is an attached garage, private driveway, and additional off-street parking. Don't miss out on this opportunity to own in Bradley Beach.

Last Agent to Sell the Property

Jesse Decker

The Connolly Agency Listed on: 05/03/2018

Last Buyer's Agent

Jesse Decker

EXP Realty License #1757548

EXP Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,879

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 32.82 x 104.39

Parking

  • 1 Car Attached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crown Molding
  • Recessed Lighting
  • Light Fixtures
  • Sliding Doors
  • Living Room
  • Dining Room
  • Wood Flooring
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting

Schools

  • Bradley Beach Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Personal contents
  • Assessor Parcel Number 08-00004-01-00003

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,879

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Inclusions: Washer, Dishwasher, Dryer, Light Fixtures, Microwave, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Contemporary
  • Reso Flooring: Cement
  • Reso Interior Features: Attic - Pull Down Stairs, Dec Molding, Sliding Door, Recessed Lighting
  • Year Built: 2005
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Sliding Door: Yes
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 32.82 x 104.39
  • Location Middle School: Bradley Beach
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Parking Asphalt: Yes
  • Interior Dec Molding: Yes
  • Interior Recessed Lighting: Yes
  • Included Light Fixtures: Yes
  • Dining Room Dec Molding4: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen Eat-In: Yes
  • Kitchen Floor - Wood4: Yes
  • Water Heater Tank: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 6
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Slab: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal contents
  • Exterior Features: Patio, Lighting
  • Foundation Details: Slab
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Asphalt, Driveway, Off Street
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes

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

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 32.82 x 104.39
  • Parcel #: 08-00004-01-00003
  • Zoning Description: Single Family

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6879.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 28, 2018
Sold by
Suarez Christopher A
Bought by
Guercio Richard and Guercio Susan
Seller's Agent
Jesse Decker
The Connolly Agency
Buyer's Agent
Jesse Decker
The Connolly Agency
Sold Price
$568,000
Current Estimated Value
$1,000,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$432,959
Avg. Annual Appreciation
8.05%
Original Mortgage
$453,100
Outstanding Balance
$397,554
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$580,557

Purchase Details

Closed on
Aug 9, 2004
Sold by
Laurett Associates Inc
Bought by
Suarez Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,800
Interest Rate
6.03%
Source: Public Records

Range of Values:

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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
Guercio Richard $568,000 Lafayette General Title
Suarez Christopher $451,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guercio Susan $250,500
Open Guercio Richard $453,100
Previous Owner Suarez Chris A $45,692
Previous Owner Suarez Christopher $360,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2018 08/03/18 Sold $568,000 0.0% $308 / Sq Ft
01/01/2017 01/01/17 Rented $28,200 +9.3% --
11/01/2012 11/01/12 Rented $25,800 -- --
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 $7,193 $816,500 $399,200 $417,300
2023 $7,193 $762,000 $383,600 $378,400
2022 $7,052 $658,400 $326,700 $331,700
2021 $7,052 $601,700 $263,500 $338,200
2020 $7,205 $589,600 $248,000 $341,600
2019 $7,362 $581,500 $320,200 $261,300
2018 $7,262 $524,700 $272,700 $252,000
2017 $6,879 $486,500 $239,400 $247,100
2016 $7,085 $506,800 $263,200 $243,600
2015 $6,956 $498,300 $263,200 $235,100
2014 $7,386 $533,700 $247,000 $286,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jesse Decker

    The Connolly Agency

  • Barbara Scaffidi

    Seller's Agent in 2017

    Barbara Scaffidi

    Ward Wight Sotheby's International Realty

    (732) 233-8248

    2 in this area

    51 Total Sales

    Section Image

  • M

    Buyer's Agent in 2017

    Marguerite Sheehan

    BHHS Fox & Roach

  • M

    Buyer's Agent in 2017

    Marguerite Montserrat

    Coldwell Banker Residential Brokerage

    (732) 890-1428

    18 Total Sales

    Section Image

  • G

    Buyer's Agent in 2012

    Gennaro Regina

    VRI Homes

    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21817002

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00004-01-00003

New Jersey Monmouth County Bradley Beach 07720

516 Lake Terrace, Bradley Beach, NJ

This home is located at 516 Lake Terrace, Bradley Beach, NJ 07720 since 03 May 2018 and is currently estimated at $1,005,335, approximately $545 per square foot. This property was built in 2005. 516 Lake Terrace 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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