NOT LISTED FOR SALE

577 Newport Neck Rd Newport, NJ 08345

Estimated Value: $134,000 - $191,000

2 Beds
1 Bath
900 Sq Ft
$180/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $90,000 $100 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $1,095/month

64 Days on Market

Highlights

  • 0.33 Acre Lot
  • Rambler Architecture
  • Main Floor Bedroom
  • Open Floorplan
  • Wood Flooring
  • Attic

About This Home

As of July 2021

Cute as a button. This rustic two bedroom one bath rancher was gutted and re-done just four years ago. Open concept with engineered flooring and shiplap accents throughout. Bonus room off the living room with French doors to deck, can be used as 3rd bedroom, an office, additional living space or for storage. Nice size yard includes large detached one car garage and additional shed. New Roof. Home is in move-in condition. Septic and well need repair. Perfect for 203K loan. Being sold as is. Buyer responsible for CO and any required city/town certifications needed to close. Sellers are providing WDI passing report. Motivated sellers! Schedule your showing today.

Last Agent to Sell the Property

Darlene Bacon

(609) 287-4728 darlene.bacon@foxroach.com BHHS Fox & Roach-Vineland License #1752934 Listed on: 02/27/2021

BHHS Fox & Roach-Vineland

Last Buyer's Agent

Toni Puleo

(856) 392-4599 tonimpuleo@yahoo.com DePalma Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,427

Year Built

  • Built in 1955

Lot Details

  • 0.33 Acre Lot
  • Rural Setting
  • Back Yard
  • Property is in very good condition

Parking

  • 1 Car Detached Garage
  • 4 Driveway Spaces
  • Oversized Parking
  • Front Facing Garage
  • Circular Driveway
  • Off-Street Parking

Home Design

  • Rambler Architecture
  • Shingle Roof
  • Masonry

Interior Spaces

  • 900 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Family Room Off Kitchen
  • Dining Area
  • Crawl Space
  • Attic

Kitchen

  • Gas Oven or Range
  • Built-In Microwave
  • Stainless Steel Appliances

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Accessible Home Design

  • Level Entry For Accessibility

Utilities

  • Central Air
  • Heating System Powered By Owned Propane
  • Wall Furnace
  • Electric Baseboard Heater
  • Well
  • Oil Water Heater
  • On Site Septic
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00028
  • Assessor Parcel Number 04-00059-00028

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,427

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: Level Entry - Main
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer, Shed behind garage
  • Home Warranty: No
  • Inclusions: Stove, Refrigerator, window treatments, Shed
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1955
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven/Range - Gas, Built-In Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
  • Flooring Type: Laminated, Wood
  • Interior Amenities: Attic, Ceiling Fan(s), Dining Area, Entry Level Bedroom, Family Room Off Kitchen, Floor Plan - Open, Tub Shower, Window Treatments, Wood Floors
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Has Laundry, Main Floor, Hookup
  • Total Sq Ft: 900
  • Living Area Sq Ft: 900
  • Price Per Sq Ft: 127.67
  • Above Grade Finished Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Masonry
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Circular Driveway
  • Garage Features: Garage - Front Entry, Oversized
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Detached Garage, Driveway, Off Street
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Owned, Electric
  • Heating Type: Baseboard - Electric, Wall Unit
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: On Site Septic, Private Sewer
  • Water Source: Private, Well

Condo/Co-op/Association

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

Schools

  • School District Source: 3rd Party

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 70900.00
  • Land Assessed Value: 30000.00
  • Lot Features: Not In Development, Rear Yard, Rural
  • Lot Size Acres: 0.33
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14375.00
  • Property Condition: Very Good, Good, Average
  • Zoning: B

Rental Info

  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 3112689
  • Tax Annual Amount: 2427.00
  • Assessor Parcel Number: 04-00059-00028
  • Tax Lot: 00028
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: DOWNE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2021
Closed on
Aug 4, 2021
Sold by
Lichtenstein Jennifer
Bought by
Varga William H
Seller's Agent
Darlene Bacon
BHHS Fox & Roach-Vineland
Buyer's Agent
Toni Puleo
DePalma Realty
List Price
$122,000
Sold Price
$90,000
Premium/Discount to List
-$32,000
-26.23%
Current Estimated Value
$161,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,933
Avg. Annual Appreciation
14.35%
Original Mortgage
$133,953
Outstanding Balance
$121,986
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$39,947

Purchase Details

Listed on
Feb 27, 2021
Closed on
Jul 30, 2021
Sold by
Lichtenstein Jennifer
Bought by
Varga William H
Seller's Agent
Darlene Bacon
BHHS Fox & Roach-Vineland
Buyer's Agent
Toni Puleo
DePalma Realty
List Price
$122,000
Sold Price
$90,000
Premium/Discount to List
-$32,000
-26.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,953
Outstanding Balance
$121,986
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$39,947

Purchase Details

Closed on
Aug 15, 2017
Sold by
Turner William F
Bought by
Lichtenstein Jennifer
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Varga William H $90,000 Landis Title
Varga William H $90,000 Misc Company
Lichtenstein Jennifer $8,129 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Varga William H $133,953
Closed Varga William H $133,953
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold $90,000 -21.7% $100 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/03/2021 04/03/21 Price Changed $114,900 -3.4% $128 / Sq Ft
03/15/2021 03/15/21 Price Changed $119,000 -2.5% $132 / Sq Ft
02/27/2021 02/27/21 For Sale $122,000 -- $136 / 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 $2,910 $100,900 $30,000 $70,900
2024 $2,910 $100,900 $30,000 $70,900
2023 $2,654 $100,900 $30,000 $70,900
2022 $2,587 $100,900 $30,000 $70,900
2021 $2,463 $100,900 $30,000 $70,900
2020 $2,427 $100,900 $30,000 $70,900
2019 $2,386 $100,900 $30,000 $70,900
2018 $2,418 $100,900 $30,000 $70,900
2017 $2,322 $100,900 $30,000 $70,900
2016 $2,320 $100,900 $30,000 $70,900
2015 $1,925 $100,900 $30,000 $70,900
2014 $1,765 $100,900 $30,000 $70,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJCB131536

Bright MLS

APN: 04-00059-0000-00028