Seller's Agent in 2014
Kelly Cutillo
Diane Turton, Realtors-Avon
(732) 996-1637
6 in this area
63 Total Sales
607 Fletcher Lake Ave Bradley Beach, NJ 07720
Estimated Value: $951,000 - $1,252,000
5
Beds
3
Baths
2,299
Sq Ft
$481/Sq Ft
Est. Value
Highlights
- 1 Car Attached Garage
- Radiator
- 4-minute walk to Riley Park Bradley Beach
- Multiple cooling system units
About This Home
As of December 2014Just what an investor has been waiting for.Three Family Beach House. Property generates over $30,000 per year in net income! 3 Apartments, fully rented, 4 blocks to the beach, 3 blocks to the train station. Each unit pays their own utilities. There are Two, 2 bedroom apartments one rents for $1,400/mth. one for $1,225/mth. The Studio apartment rents for $800/mth and the Garage $75/mth rent.Large yard and open front porch. Excellent income producing investment property with a 7% Cap Rate.
Last Agent to Sell the Property
Diane Turton, Realtors-Avon License #9700054 Listed on: 08/29/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,436
Year Built
- Built in 1924
Lot Details
- Lot Dimensions are 45.66x100
Home Design
- Triplex
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Parking
- 1 Car Attached Garage
- Off-Street Parking
Schools
- Bradley Beach Elementary And Middle School
Utilities
- Multiple cooling system units
- Radiator
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Listing and Financial Details
- Tenant pays for hot water, water, heat, gas, electricity
- The owner pays for sewer
- Assessor Parcel Number 00043000000010
Community Details
Overview
- 3 Units
Building Details
- Electric Expense $72
- Insurance Expense $1,551
- Water Sewer Expense $1,700
- Gross Income $41,100
- Net Operating Income $31,341
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2014
Closed on
Dec 6, 2014
Sold by
Fitzpatrick Brian and Morelli Alfred
Bought by
Warnet Donald and Warnet Rosa
Seller's Agent
Kelly Cutillo
Diane Turton, Realtors-Avon
Buyer's Agent
Cecilia Barreda
Chris Smith Realty
Sold Price
$440,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$666,556
Avg. Annual Appreciation
8.77%
Original Mortgage
$330,000
Outstanding Balance
$253,429
Interest Rate
3.99%
Mortgage Type
Commercial
Estimated Equity
$853,127
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Warnet Donald | $440,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Warnet Donald | $330,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2014 12/22/14 | Sold | $440,000 | -- | $191 / Sq Ft |
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
Tax History Compared to Growth
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 | $8,839 | $1,015,600 | $586,300 | $429,300 |
| 2024 | $8,666 | $963,900 | $558,400 | $405,500 |
| 2023 | $8,666 | $918,000 | $543,900 | $374,100 |
| 2022 | $7,837 | $774,500 | $461,600 | $312,900 |
| 2021 | $7,837 | $668,700 | $362,600 | $306,100 |
| 2020 | $7,729 | $632,500 | $340,000 | $292,500 |
| 2019 | $7,820 | $617,700 | $402,500 | $215,200 |
| 2018 | $7,269 | $525,200 | $320,000 | $205,200 |
| 2017 | $7,056 | $499,000 | $300,000 | $199,000 |
| 2016 | $6,976 | $499,000 | $305,000 | $194,000 |
| 2015 | $6,843 | $490,200 | $305,000 | $185,200 |
| 2014 | $6,506 | $470,100 | $295,000 | $175,100 |
Source: Public Records
Agents Affiliated with this Home
-
Kelly Cutillo
-
Cecilia Barreda
C
Buyer's Agent in 2014
Cecilia Barreda
Chris Smith Realty
(732) 749-5859
11 Total Sales
Map
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)
MLS Number: 21423728
APN: 08-00043-0000-00010
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