J
Seller's Agent in 2022
Jacob Smith
Ward Wight Sotheby's International Realty
520 15th Ave Belmar, NJ 07719
Estimated Value: $908,000 - $965,000
6
Beds
4
Baths
2,224
Sq Ft
$424/Sq Ft
Est. Value
Highlights
- Deck
- Forced Air Zoned Heating and Cooling System
- 1-minute walk to Mitzi and Emily's Playground
- Attic
- Storm Doors
About This Home
As of May 2022Perfect opportunity to invest in a spacious two family home that's located less than five blocks to the beach & close to town in sought after Belmar. Each side of this duplex is equipped with central air, a private back deck, 3BR, 1.5BA, a large living room, eat in kitchen, and is arranged over two levels. Both units are rented month to month @ $1600/month (tenant pays gas, electric, water & sewer - all separately metered). Home is very close to the E Street park & playground, approximately one block to Main Street, and just a few blocks to the train station & marina. There is a shared driveway, but plenty of off-street parking behind the home. Live in one, rent the other, or rent both! Renovate to increase rental income. Perfect for annual, seasonal or short term rental investment!
Last Agent to Sell the Property
Jacob Smith
Ward Wight Sotheby's International Realty Listed on: 01/22/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,470
Year Built
- Built in 1990
Lot Details
- 3,920 Sq Ft Lot
- Lot Dimensions are 40 x 99
Home Design
- Duplex
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2,224 Sq Ft Home
- 2-Story Property
- Crawl Space
- Storm Doors
- Attic
Kitchen
- Stove
- Dishwasher
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Parking
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
Schools
- Belmar Middle School
Utilities
- Forced Air Zoned Heating and Cooling System
- Furnace
- Separate Meters
- Separate Water Meter
- Natural Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Exclusions: Tenants personal property
- Tenant pays for gas, electricity
- The owner pays for water, sewer
- Assessor Parcel Number 07-00144-0000-00009-03
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 22, 2022
Closed on
May 3, 2022
Sold by
M2k2 520 Llc
Bought by
Cheng Kwok and Yang Dan
Seller's Agent
Jacob Smith
Ward Wight Sotheby's International Realty
Buyer's Agent
Jack Leonard
C21/ Schlossbach Realty
List Price
$749,000
Sold Price
$770,000
Premium/Discount to List
$21,000
2.8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,120
Avg. Annual Appreciation
6.45%
Original Mortgage
$370,000
Outstanding Balance
$313,643
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$629,685
Purchase Details
Closed on
Aug 30, 2001
Sold by
Gimbel Sharon
Bought by
Najar Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.99%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cheng Kwok | $750,000 | Fidelity National Title | |
| Najar Michael | $285,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cheng Kwok | $370,000 | |
| Previous Owner | Najar Michael | $228,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/11/2022 05/11/22 | Sold | $770,000 | +2.8% | $346 / Sq Ft |
| 02/26/2022 02/26/22 | Pending | -- | -- | -- |
| 01/22/2022 01/22/22 | For Sale | $749,000 | -- | $337 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $5,668 | $403,100 | $207,400 | $195,700 |
| 2023 | $5,668 | $403,100 | $207,400 | $195,700 |
| 2022 | $5,470 | $403,100 | $207,400 | $195,700 |
| 2021 | $5,470 | $403,100 | $207,400 | $195,700 |
| 2020 | $5,422 | $403,100 | $207,400 | $195,700 |
| 2019 | $5,422 | $403,100 | $207,400 | $195,700 |
| 2018 | $4,978 | $403,100 | $207,400 | $195,700 |
| 2017 | $4,857 | $403,100 | $207,400 | $195,700 |
| 2016 | $5,563 | $291,100 | $89,800 | $201,300 |
| 2015 | $5,586 | $291,100 | $89,800 | $201,300 |
| 2014 | $6,117 | $316,100 | $114,800 | $201,300 |
Source: Public Records
Agents Affiliated with this Home
-
-
J
Buyer's Agent in 2022
Jack Leonard
C21/ Schlossbach Realty
(732) 496-0993
2 in this area
3 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 22201423
APN: 07-00144-0000-00009-03
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