NOT LISTED FOR SALE

Estimated Value: $2,009,000 - $2,254,000

4 Beds
2.5 Baths
1,888 Sq Ft
$1,140/Sq Ft Est. Value

Last Sold January 06, 2023

Last sale price $1,625,000 $861 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $12,767/month

16 Days on Market

Highlights

  • Water Oriented
  • Coastal Architecture
  • No HOA
  • Building is oceanfront but unit may not have water views
  • Deck
  • Wrap Around Porch

About This Home

As of January 2023

Great Opportunity To Buy a ONE Off The Ocean In Prestigious Harvey Cedars And Make It Your Own. This Property Offers An Outstanding Location And Ocean Views From It's Multiple Decks. With 4 Bedrooms 2 1/2 Baths , 2 Living Areas And Open Layout This Home Is Ready For Easy Summer Enjoyment. Plenty of Off Street Parking For All The Guests You Will Have At Your New Beach House. Reverse living one from the ocean. Ocean views from second floor. Rental income approximately $40,000 per season.

Last Agent to Sell the Property

Daniel Robins

EXP Realty, LLC License #AB067150 Listed on: 10/15/2022

EXP Realty, LLC

Last Buyer's Agent

Michele Timlin

G. Anderson Agency License #787589

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,405

Year Built

  • Built in 1958

Lot Details

  • 5,354 Sq Ft Lot
  • Lot Dimensions are 63.00 x 85.00
  • Building is oceanfront but unit may not have water views
  • Property is zoned R-AA

Parking

  • Stone Driveway

Home Design

  • Coastal Architecture
  • Frame Construction
  • Tar and Gravel Roof
  • Piling Construction

Interior Spaces

  • 1,888 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Property is near an ocean
  • Deck
  • Shed
  • Wrap Around Porch

Location

  • Flood Risk

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Harvey Cedars Subdivision

Listing and Financial Details

  • Property is used as a vacation rental
  • Tax Lot 00004
  • Assessor Parcel Number 10-00042 01-00004

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,405

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Coastal
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-10-15
  • Federal Flood Zone: Yes
  • Year Built: 1958
  • Automatically Close On Close Date: No
  • Remarks Public: Great Opportunity To Buy a ONE Off The Ocean In Prestigious Harvey Cedars And Make It Your Own. This Property Offers An Outstanding Location And Ocean Views From It's Multiple Decks. With 4 Bedrooms 2 1/2 Baths , 2 Living Areas And Open Layout This Home Is Ready For Easy Summer Enjoyment. Plenty of Off Street Parking For All The Guests You Will Have At Your New Beach House. Reverse living one from the ocean. Ocean views from second floor. Rental income approximately $40,000 per season.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Pilings
  • Levels Count: 2
  • Room Count: 9
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1888
  • Living Area Sq Ft: 1888
  • Price Per Sq Ft: 952.86
  • Above Grade Finished Sq Ft: 1888
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • Roof: Tar/Gravel
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Stone Driveway
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • 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: 129800.00
  • Land Assessed Value: 842800.00
  • Lot Size Acres: 0.12
  • Lot Dimensions: 63.00 x 85.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5354.00
  • Outdoor Living Structures: Deck(s), Wrap Around
  • Year Assessed: 2022
  • Zoning: R-AA

Rental Info

  • Lease Considered: No
  • Total Actual Rent: 40000.00
  • Vacation Rental: Yes

Multi Family

  • Federal Flood Zone: 34029C0509G

Tax Info

  • Assessor Parcel Number: 2940816
  • Tax Annual Amount: 9405.00
  • Assessor Parcel Number: 10-00042 01-00004
  • Tax Lot: 00004
  • Tax Total Finished Sq Ft: 1888
  • Tax Data Updated: No
  • Tax Year: 2022
  • Close Date: 01/06/2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2022
Closed on
Dec 27, 2022
Sold by
Palombi Ellen and Palombi Rudolph A
Bought by
Diggle Edmund and Diggle Catherine
Seller's Agent
Daniel Robins
EXP Realty, LLC
Buyer's Agent
Michele Timlin
G. Anderson Agency
List Price
$1,799,000
Sold Price
$1,625,000
Premium/Discount to List
-$174,000
-9.67%
Views
39
Current Estimated Value
$2,167,220

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$542,220
Avg. Annual Appreciation
11.12%

Purchase Details

Closed on
Nov 4, 2022
Sold by
Palombi Ellen
Bought by
Given Not

Purchase Details

Closed on
Jul 9, 2007
Sold by
Palombi Ellen
Bought by
Palombi Ellen and Palombi Rudolph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,152,000
Interest Rate
6.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2004
Sold by
Harvey Cedars By The Sea Lp
Bought by
Palombi Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
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
Diggle Edmund $1,625,000 Chicago Title
Given Not -- Emerald Title
Palombi Ellen -- None Available
Palombi Ellen $1,250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palombi Ellen $1,152,000
Previous Owner Palombi Rudolph $200,000
Previous Owner Palombi Rudolph A $925,000
Previous Owner Palombi Ellen $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2023 01/06/23 Sold $1,625,000 -9.7% $861 / Sq Ft
12/02/2022 12/02/22 Price Changed $1,799,000 0.0% $953 / Sq Ft
12/02/2022 12/02/22 For Sale $1,799,000 0.0% $953 / Sq Ft
10/15/2022 10/15/22 For Sale $1,799,000 -- $953 / 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
2024 $9,561 $972,600 $842,800 $129,800
2023 $9,405 $972,600 $842,800 $129,800
2022 $9,405 $972,600 $842,800 $129,800
2021 $9,142 $972,600 $842,800 $129,800
2020 $9,026 $972,600 $842,800 $129,800
2019 $8,909 $972,600 $842,800 $129,800
2018 $9,113 $972,600 $842,800 $129,800
2017 $9,279 $972,600 $842,800 $129,800
2016 $9,638 $972,600 $842,800 $129,800
2015 $9,619 $972,600 $842,800 $129,800
2014 $9,201 $972,600 $842,800 $129,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC2013798

Bright MLS

APN: 10-00042-01-00004