NOT LISTED FOR SALE

557 Main St Manasquan, NJ 08736

Estimated Value: $1,681,000 - $1,898,000

7 Beds
3 Baths
3,705 Sq Ft
$481/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $999,000 $270 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $10,854/month

32 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Manasquan Elementary School Rated A-
  • 2 Fireplaces
  • Patio

About This Home

As of February 2020

Location and Income Potential!!Multi Family home 2 blocks from the beach with successful rental history. $73,000 summer rental income in 2018 (Upper unit $39,000, Lower Unit $34,000) Additional Winter rental potential . Rent both, one or create your own family compound.you won't believe the location and spacious feel of this open floor plan 2 -Family home . 7 Bedrooms and 3 bathrooms boast over 3700 SF of living space in 13 rooms.Upper Unit has 4 Bedrooms, 2 Baths and 3 balconiesLower Unit has 3 Bedrooms and 1 newly renovated bath with lovely paver patio. Fenced in yard adds to your backyard privacy. Make it your home or investment property, many options for this unique Manasquan gem. Close before Memorial Day and collect summer rental income. Enjoy the location and the lifestyle as you sip your coffee on your balcony before taking a stroll up to the beach....have cocktails on your patio after paddle boarding or biking-come enjoy all that Manasquan has to offer.

Last Agent to Sell the Property

Joanne Zapicchi

Ward Wight Sotheby's International Realty License #1650479 Listed on: 11/21/2019

Last Buyer's Agent

Dianne Johnson

Gloria Nilson & Co. Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,529

Year Built

  • Built in 2006

Lot Details

  • Lot Dimensions are 42 x 100
  • Fenced
  • Level Lot

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 3,705 Sq Ft Home
  • 3-Story Property
  • 2 Fireplaces
  • Crawl Space
  • Home Security System

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • No Garage
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible
  • Accessible Approach with Ramp

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

  • Manasquan Elementary And Middle School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal Items
  • Assessor Parcel Number 29-00177-0000-00036-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,529

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: See Remarks, Other, Fenced Area, Level
  • Subdivision Name: None
  • Reso Accessibility Features: Accessible Approach with Ramp
  • Reso Flooring: Wood, See Remarks, Ceramic Tile, Other
  • Reso Interior Features: Balcony
  • New Construction: No
  • Year Built: 2006
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 42 x 100
  • Location Middle School: Manasquan
  • Cooling Central Air: Yes
  • Water Heater Electric2: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: Yes
  • General Property Info # Fireplaces: 2.0
  • Interior Balcony: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Exterior Handicap Acc: Yes
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 3.0
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Electric Stove2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Washer3: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Exterior Security System5: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 7
  • Fireplaces: 2
  • Stories: 3
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: Personal Items
  • Construction Type: Stucco
  • Exterior Features: Deck, Fence, Handicap Acc, Patio, Security System
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: See Remarks, Other, Off Street, None
  • Total Parking Spaces: 3.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Manasquan

Lot Info

  • Lot Dimensions: 42 x 100
  • Parcel #: 29-00177-0000-00036-01
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 12529.0
  • Tax Other Annual Assessment Amount: 801600.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2019
Closed on
Jan 21, 2020
Sold by
Johnstone Caitlin and Estate Of Donna Bruchmann
Bought by
Napoli Patrick J and Napoli Maribeth
Seller's Agent
Joanne Zapicchi
Ward Wight Sotheby's International Realty
Buyer's Agent
Dianne Johnson
Gloria Nilson & Co. Real Estate
Sold Price
$999,000
Current Estimated Value
$1,782,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$783,244
Avg. Annual Appreciation
10.90%
Original Mortgage
$740,000
Outstanding Balance
$659,443
Interest Rate
3.37%
Mortgage Type
New Conventional
Estimated Equity
$1,116,210

Purchase Details

Listed on
Jul 1, 2013
Closed on
May 18, 2016
Sold by
557 Lynch Family Associates Lp
Bought by
Adams Joan and Bruchmann Donna
Seller's Agent
Mary D'Amato
Richard I. Wood Agency
Buyer's Agent
Sandra Slobiski
Richard I. Wood Agency
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$595,000
Interest Rate
3.57%

Purchase Details

Closed on
Apr 14, 2003
Sold by
Stavac Gary
Bought by
557 Lynch Family Assoc
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
Napoli Patrick J $999,000 Counsellors Title Agency Inc
Adams Joan -- --
557 Lynch Family Assoc $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Napoli Patrick J $740,000
Previous Owner Adams Joan $595,000
Previous Owner Adams Joan --
Previous Owner Bruchmann Donna $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2020 02/05/20 Sold $999,000 +17.5% $270 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
05/06/2016 05/06/16 Sold $850,000 -- $197 / 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 $13,715 $801,600 $350,700 $450,900
2023 $13,715 $801,600 $350,700 $450,900
2022 $13,202 $801,600 $350,700 $450,900
2021 $13,202 $801,600 $350,700 $450,900
2020 $13,018 $801,600 $350,700 $450,900
2019 $12,529 $801,600 $350,700 $450,900
2018 $12,248 $801,600 $350,700 $450,900
2017 $11,784 $801,600 $350,700 $450,900
2016 $11,471 $801,600 $350,700 $450,900
2015 $12,802 $749,100 $270,600 $478,500
2014 $12,787 $749,100 $270,600 $478,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21945245

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 29-00177-0000-00036-01