NOT LISTED FOR SALE

601 Lake Terrace Bradley Beach, NJ 07720

Estimated Value: $1,076,000 - $1,355,000

4 Beds
2.5 Baths
2,000 Sq Ft
$627/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $675,000 $338 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $7,483/month

34 Days on Market

Highlights

  • Built in 2017 | Newly Remodeled
  • Wood Flooring
  • Ceiling height of 9 feet on the main level
  • Colonial Architecture
  • No HOA
  • Porch

About This Home

As of July 2017

New Construction, 4 BR, 2.5 Bathrooms with plenty of off street parking. This Home is provided with a 10 Year Home Warranty. 9 ft. 1st floor ceilings, hardwood flooring throughout, custom kitchen cabinetry,granite tops ,SS KitchenAid appliances. High end details include first floor crown molding, center kitchen island, ceiling fans and beautifully appointed bathrooms. 2,000 square feet of living space with an additional 1,000 sq. foot walk out basement. The home is situated on a 40x 150 lot. Many options for further development are a pool or an 800 square foot 2 car garage with a 600 sq. foot apartment above. no variances needed. Short walk to Ocean Grove as well as Asbury Park and all the beaches.

Last Agent to Sell the Property

John Naples

Patrick Parker Realty Listed on: 04/14/2017

Last Buyer's Agent

Tamara Phelps

Prudential First Class Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • Lot Dimensions are 40x150
  • Fenced

Home Design

  • Colonial Architecture
  • Shore Colonial Architecture
  • Asphalt Rolled Roof
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the main level
  • Wood Flooring
  • Partially Finished Basement
  • Walk-Out Basement
  • Pull Down Stairs to Attic
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Primary Bathroom is a Full Bathroom

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Porch

Schools

  • Bradley Beach Elementary And Middle School

Utilities

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

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 080000700000000201

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,000

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Fenced Area
  • ResoPoolFeatures: See Remarks, Other
  • Subdivision Name: None
  • Architectural Style: Shore Colonial, Colonial
  • Reso Interior Features: Attic - Pull Down Stairs, Ceilings - 9Ft+ 1st Flr
  • New Construction: Yes
  • Year Built: 2017
  • Contract Info List PriceSqFt: 349.5
  • Contract Info New Construction: Yes
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • Interior Ceilings - 9Ft 1st Flr: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • General Property Info Lot Dimensions: 40x150
  • General Property Info Farm: No
  • Location Middle School: Bradley Beach
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Open: Yes
  • Roof Timberline: Yes
  • Style Shore Colonial: Yes
  • Kitchen Floor - Wood4: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: 4098

Interior Features

  • Basement: Partially Finished, Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Walk-Out Access: Yes
  • Basement:Partially Finished: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Timberline
  • Waterfront: No
  • Exterior Features: Porch - Open
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Driveway, Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee Frequency: None
  • Association: No

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 40x150
  • Parcel #: 080000700000000201
  • Zoning Description: Single Family

Tax Info

  • Tax Annual Amount: 8000.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jul 17, 2017
Sold by
Jrn Home Builders Llc
Bought by
Ribeira Ernesto and Buckelew Patricia L
Seller's Agent
John Naples
Patrick Parker Realty
Buyer's Agent
Tamara Phelps
Prudential First Class Properties
Sold Price
$675,000
Current Estimated Value
$1,254,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$579,443
Avg. Annual Appreciation
7.67%
Original Mortgage
$607,500
Outstanding Balance
$552,444
Interest Rate
8.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$701,999

Purchase Details

Closed on
Aug 18, 2008
Sold by
Testame Macinnes Janet and Testame Peter Watson Mac Innes
Bought by
Testame Macinnes Janet and Testame Peter Watson Mac Innes
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ribeira Ernesto $675,000 None Available
Testame Macinnes Janet -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ribeira Ernesto $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2017 07/18/17 Sold $675,000 -- $338 / 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
2025 $10,618 $1,221,800 $504,800 $717,000
2024 $9,975 $1,157,900 $480,600 $677,300
2023 $9,975 $1,056,700 $443,800 $612,900
2022 $9,212 $872,800 $375,200 $497,600
2021 $9,212 $786,000 $299,200 $486,800
2020 $9,106 $745,200 $280,000 $465,200
2019 $9,008 $711,500 $346,800 $364,700
2018 $8,869 $640,800 $296,800 $344,000
2017 $3,702 $261,800 $261,800 $0
2016 $4,009 $286,800 $286,800 $0
2015 $4,004 $286,800 $286,800 $0
2014 $3,554 $256,800 $256,800 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    John Naples

    Patrick Parker Realty

  • T

    Buyer's Agent in 2017

    Tamara Phelps

    Prudential First Class Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21714350

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00007-0000-00002-01

New Jersey Monmouth County Bradley Beach 07720

601 Lake Terrace, Bradley Beach, NJ

Not Listed for Sale

Detached

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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