NOT LISTED FOR SALE

Estimated Value: $1,106,000 - $1,311,000

3 Beds
2 Baths
1,252 Sq Ft
5,009 Sq Ft Lot

Last Sold January 14, 2022

Last sale price $987,500 $789 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $6,794/month

Highlights

  • Home fronts navigable water
  • Building is oceanfront but unit may not have water views
  • Furnished
  • Water Access
  • Open Floorplan
  • No HOA

About This Home

As of January 2022

Just one off the ocean, imagine this spacious condo as your Island getaway just steps to LBI's pristine beaches! Completely renovated, immaculate and fully furnished with a bright, beachy vibe, this first floor unit features 3 bedrooms and 2 full baths, which includes a master suite with its own bath. The open floor plan provides an easy flow from the stainless kitchen with breakfast bar through to the dining and living areas, and out to the easterly facing deck that spans the entire width of the home, where you can take in the sound of the waves and the ocean breezes. This property is situated on quiet Ocean Blvd in Brant Beach, providing a multitude of opportunities for walking, biking and other outdoor activities at nearby Bayview Park and has ample parking on a 50 x 100 lot. One of just two units, this 1252 sq ft condo is perfect for personal use as well as being a terrific investment with an established rental history and income of over $40K in 2021 - the best of both worlds!

Last Agent to Sell the Property

Lisa Musarra

(609) 384-6609 musarralisa@gmail.com Oceanside Realty - HC Listed on: 11/17/2021

Last Buyer's Agent

Patrick Pietrefesa

(609) 312-1434 patrick@movinglbi.com BHHS Zack Shore REALTORS License #0123411

BHHS Zack Shore REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,361

Year Built

  • Built in 1965

Lot Details

  • Building is oceanfront but unit may not have water views
  • Home fronts navigable water
  • Property is in excellent condition

Parking

  • 3 Off-Street Spaces

Home Design

  • Piling Construction
  • Stick Built Home

Interior Spaces

  • 1,252 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Furnished
  • Recessed Lighting
  • Window Treatments
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Property is near an ocean

Location

  • Flood Risk

Utilities

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

Community Details

  • No Home Owners Association
  • Brant Beach Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 00008
  • Assessor Parcel Number 18-00015 55-00008-C0001

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,361

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Unit/Flat
  • Ownership: Condominium
  • Inclusions: Furnished per inventory
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: Yes
  • Year Built: 1965
  • Automatically Close On Close Date: No
  • Remarks Public: Just one off the ocean, imagine this spacious condo as your Island getaway just steps to LBI's pristine beaches! Completely renovated, immaculate and fully furnished with a bright, beachy vibe, this first floor unit features 3 bedrooms and 2 full baths, which includes a master suite with its own bath. The open floor plan provides an easy flow from the stainless kitchen with breakfast bar through to the dining and living areas, and out to the easterly facing deck that spans the entire width of the home, where you can take in the sound of the waves and the ocean breezes. This property is situated on quiet Ocean Blvd in Brant Beach, providing a multitude of opportunities for walking, biking and other outdoor activities at nearby Bayview Park and has ample parking on a 50 x 100 lot. One of just two units, this 1252 sq ft condo is perfect for personal use as well as being a terrific investment with an established rental history and income of over $40K in 2021 - the best of both worlds!
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Built-In Microwave, Refrigerator, Oven/Range - Gas, Dishwasher, Washer, Dryer
  • Interior Amenities: Floor Plan - Open, Recessed Lighting, Window Treatments, Kitchen - Eat-In
  • Door Features: Sliding Glass
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Total Sq Ft: 1252
  • Living Area Sq Ft: 1252
  • Price Per Sq Ft: 794.73
  • Above Grade Finished Sq Ft: 1252
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 5708

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stick Built
  • Water Access: Yes
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: General Common Elements, Under Home Parking
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Off Street
  • Off Street Parking Spaces: 3

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 123700.00
  • Land Assessed Value: 315000.00
  • Lot Dimensions: 50.00 x 100.00
  • Property Condition: Excellent
  • Year Assessed: 2020
  • Zoning: R50

Rental Info

  • Furnished: Yes
  • Vacation Rental: Yes

Tax Info

  • Assessor Parcel Number: 21949899
  • Tax Annual Amount: 4361.00
  • Assessor Parcel Number: 18-00015 55-00008-C0001
  • Tax Lot: 00008
  • Tax Total Finished Sq Ft: 1252
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 01/14/2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2021
Closed on
Jan 11, 2022
Sold by
Gorg Mary E
Bought by
Tier Gary Daniel and Howard Catrina
Seller's Agent
Lisa Musarra
Oceanside Realty - HC
Buyer's Agent
Patrick Pietrefesa
BHHS Zack Shore REALTORS
List Price
$995,000
Sold Price
$987,500
Premium/Discount to List
-$7,500
-0.75%
Current Estimated Value
$1,182,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,579
Avg. Annual Appreciation
5.03%
Original Mortgage
$790,000
Outstanding Balance
$729,570
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$453,945

Purchase Details

Closed on
Oct 31, 2017
Sold by
Gorg Shawn F
Bought by
Gorg Mary E

Purchase Details

Closed on
Nov 19, 2004
Sold by
Boris Irwin M and Koss Boris Jennifer
Bought by
Gorg Shawn F and Gorg Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
5.5%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Tier Gary Daniel $987,500 Surety Title
Gorg Mary E -- --
Gorg Shawn F $609,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tier Gary Daniel $790,000
Previous Owner Gorg Mary E $75,000
Previous Owner Boris Irwin M $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/14/2022 01/14/22 Sold $987,500 -0.8% $789 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
11/17/2021 11/17/21 For Sale $995,000 -- $795 / 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 $6,615 $740,800 $427,500 $313,300
2024 $6,571 $740,800 $427,500 $313,300
2023 $6,153 $740,800 $427,500 $313,300
2022 $6,153 $739,600 $427,500 $312,100
2021 $5,961 $739,600 $427,500 $312,100
2020 $4,361 $438,700 $315,000 $123,700
2019 $4,400 $438,700 $315,000 $123,700
2018 $4,269 $438,700 $315,000 $123,700
2017 $4,327 $438,700 $315,000 $123,700
2016 $4,326 $438,700 $315,000 $123,700
2015 $4,321 $438,700 $315,000 $123,700
2014 $4,216 $438,700 $315,000 $123,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2004704

Bright MLS

APN: 18-00015-55-00008-0000-C1