NOT LISTED FOR SALE

557 Lake Ave Bay Head, NJ 08742

Estimated Value: $1,841,343 - $2,314,000

3 Beds
2 Baths
-- Sq Ft
7,492 Sq Ft Lot

Last Sold May 26, 2016

Last sale price $945,000

Est. 118% increase in value since last sale

Current estimated payment $12,076/month

42 Days on Market

Highlights

  • Water Views
  • Zoned Heating
  • 3-minute walk to Centennial Park
  • Fireplace
  • 2 Car Garage

About This Home

As of May 2016

Double Header! Are you willing to do some ''Home Work''? Bring back the Sparkle and you will have made a smart investment! This Classic Dutch Colonial offers 3 bedrooms 2 full baths, Formal Living and Dining room, eat-in kitchen and screened front porch. A detached 2 car Garage with a two bedroom apartment above. Separate building for storage only. Family owned for 100 years! Go Dutch and Profit!

Last Agent to Sell the Property

Susan Burger

Diane Turton, Realtors-Colts Neck Listed on: 04/01/2016

Last Buyer's Agent

Maria Ritter

Keller Williams Realty Ocean Living License #1222823

Keller Williams Realty Ocean Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,910

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 50 x 150

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Water Views
  • Crawl Space
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Bay Head Elementary School
  • Point Pleasant Beach High School

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 03-00058-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,910

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1920
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Washer Hookup3: Yes
  • Cooling Single Zone Heat: Yes
  • Unit 1 Dryer Hookup3: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 03-00058-0000-00003

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 7910.0
  • Tax Other Annual Assessment Amount: 979600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Bay Head
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
May 25, 2016
Sold by
Sherman Corrie
Bought by
Lake Avenue Llc
Seller's Agent
Susan Burger
Diane Turton, Realtors-Colts Neck
Buyer's Agent
Maria Ritter
Keller Williams Realty Ocean Living
Sold Price
$945,000
Current Estimated Value
$2,059,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,114,878
Avg. Annual Appreciation
8.80%
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
Lake Avenue Llc $945,000 Multiple
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2016 05/26/16 Sold $945,000 -- --
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 $9,574 $986,000 $684,000 $302,000
2023 $8,874 $986,000 $684,000 $302,000
2022 $8,874 $986,000 $684,000 $302,000
2021 $8,657 $986,000 $684,000 $302,000
2020 $8,637 $986,000 $684,000 $302,000
2019 $8,361 $986,000 $684,000 $302,000
2018 $8,292 $986,000 $684,000 $302,000
2017 $7,974 $979,600 $684,000 $295,600
2016 $8,082 $979,600 $684,000 $295,600
2015 $7,910 $979,600 $684,000 $295,600
2014 $7,577 $979,600 $684,000 $295,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Susan Burger

    Diane Turton, Realtors-Colts Neck

  • M

    Buyer's Agent in 2016

    Maria Ritter

    Keller Williams Realty Ocean Living

    (212) 766-5664

    2 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21612414

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 03-00058-0000-00003

New Jersey Ocean County Bay Head 08742

557 Lake Ave, Bay Head, NJ

This home is located at 557 Lake Ave, Bay Head, NJ 08742 since 01 April 2016 and is currently estimated at $2,080,086. This property was built in 1920. 557 Lake Ave is a home located in Ocean County with nearby schools including Bay Head Elementary School and St. Peter 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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