NOT LISTED FOR SALE

Estimated Value: $1,423,000 - $2,068,000

-- Bed
5 Baths
2,541 Sq Ft
$679/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $572,000 $225 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $9,862/month

528 Days on Market

Highlights

  • Oceanside
  • Deck
  • No HOA
  • Open Floorplan
  • Corner Lot
  • Attached Garage

About This Home

As of October 2016

Outstanding three unit property on the Ocean block in Brant Beach. Each unit has three bedrooms. Two of the units have 1.5 baths. The home has a maintenance free exterior with vinyl siding, Timberline roof, Trex decking and vinyl railings. Kitchens and baths throughout have been updated and the home has a bright, sunny interior. All units have gas hot water baseboard heat and gas fired water heaters. One unit has central AC, the others have window units. The home has been used by the owner and rented to year round tenants. It would make an excellent property for weekly Summer rentals or a great family compound for a multi-generational family.

Last Agent to Sell the Property

Gina Laird

RE/MAX of Long Beach Island Listed on: 03/10/2015

Last Buyer's Agent

Gina Laird

RE/MAX of Long Beach Island Listed on: 03/10/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,671

Lot Details

  • Lot Dimensions are 50x75
  • Corner Lot
  • Level Lot
  • The property's topography is level

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,541 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Crawl Space
  • Storm Doors

Kitchen

  • Gas Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Oceanside
  • Deck

Location

  • Flood Risk

Community Details

  • No Home Owners Association
  • 3 Units
  • Brant Beach Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 18-00015-68-00017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,671

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 9999
  • Remarks Public: Outstanding three unit property on the Ocean block in Brant Beach. Each unit has three bedrooms. Two of the units have 1.5 baths. The home has a maintenance free exterior with vinyl siding, Timberline roof, Trex decking and vinyl railings. Kitchens and baths throughout have been updated and the home has a bright, sunny interior. All units have gas hot water baseboard heat and gas fired water heaters. One unit has central AC, the others have window units. The home has been used by the owner and rented to year round tenants. It would make an excellent property for weekly Summer rentals or a great family compound for a multi-generational family.
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Flooring Type: Ceramic Tile, Fully Carpeted
  • Interior Amenities: Ceiling Fan(s), Floor Plan - Open
  • Window Features: Insulated
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Storm
  • Foundation Details: Crawl Space
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2541
  • Living Area Sq Ft: 2541
  • Price Per Sq Ft: 251.48
  • Above Grade Finished Sq Ft: 2541
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5401

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Type Of Parking: Attached Garage, Off Street

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 116100.00
  • Land Assessed Value: 370000.00
  • Land Lease: No
  • Lot Features: Corner, Level
  • Lot Dimensions: 50x75
  • Outdoor Living Structures: Deck(s)
  • Topography: Level
  • Zoning: R50
  • Zoning Description: r50

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

Tax Info

  • Assessor Parcel Number: 3025343
  • Tax Annual Amount: 4671.00
  • Assessor Parcel Number: 18-00015-68-00017
  • Tax Lot: 17
  • Tax Year: 2014
  • Close Date: 10/31/2016

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2015
Closed on
Oct 13, 2016
Sold by
Witmer David L
Bought by
Foley Charles and Foley Jennifer
Seller's Agent
Gina Laird
RE/MAX of Long Beach Island
Buyer's Agent
Gina Laird
RE/MAX of Long Beach Island
List Price
$639,000
Sold Price
$572,000
Premium/Discount to List
-$67,000
-10.49%
Current Estimated Value
$1,725,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,153,552
Avg. Annual Appreciation
13.34%
Original Mortgage
$434,250
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 1994
Sold by
Schulhofer Edwin
Bought by
Witmer David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
9.24%
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
Foley Charles $579,000 Chicago Title
Witmer David $188,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Foley Charles $434,250
Previous Owner Witmer David $125,001
Previous Owner Witmer David L $50,000
Previous Owner Witmer David L $119,000
Previous Owner Witmer David L $101,000
Previous Owner Witmer David $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2016 10/31/16 Sold $572,000 -10.5% $225 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
03/10/2015 03/10/15 For Sale $639,000 -- $251 / Sq Ft
Source: Bright MLS

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 $5,739 $642,700 $472,500 $170,200
2024 $5,701 $642,700 $472,500 $170,200
2023 $5,347 $642,700 $472,500 $170,200
2022 $5,347 $642,700 $472,500 $170,200
2021 $5,180 $642,700 $472,500 $170,200
2020 $4,894 $492,400 $370,000 $122,400
2019 $4,939 $492,400 $370,000 $122,400
2018 $4,791 $492,400 $370,000 $122,400
2017 $4,816 $492,400 $370,000 $122,400
2016 $4,793 $486,100 $370,000 $116,100
2015 $4,788 $486,100 $370,000 $116,100
2014 $4,671 $486,100 $370,000 $116,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC201272

Bright MLS

APN: 18-00015-68-00017