NOT LISTED FOR SALE

Estimated Value: $842,000 - $1,636,000

-- Bed
3 Baths
2,375 Sq Ft
$538/Sq Ft Est. Value

Last Sold October 23, 2018

Last sale price $650,000 $274 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,320/month

Highlights

  • Building is oceanfront but unit may not have water views
  • Main Floor Bedroom
  • No HOA
  • Open Floorplan
  • Attic
  • Breakfast Area or Nook

About This Home

As of October 2018

Unique two family home located just 5 houses away from the beach entrance in beautiful Barnegat Light. An ideal property for an investor or a vacation home buyer looking to enjoy life on LBI while having income to offset carrying costs. Its' 2,375 sq. ft. of living area consists of 2 spiffy clean apartments: EAST SIDE - 4 bedrooms, 1 1/2 baths, 2 stories, open floor plan, bright interior, gas heat & central a/c, extra family room and 2 private decks. WEST SIDE - Adorable 2 bedroom, 1 bath apt. with light, bright interior, gas heat & central a/c and dining deck. In-season weekly rents are $3,500 and $1,500 respectively. Both are offered furnished and in turn-key condition. There are also 2 outdoor showers, shared laundry area and storage shed. The 50'x 125' lot offers ample off street parking.

Last Agent to Sell the Property

David Cowles

(609) 290-0779 dcowles@zackshore.com BHHS Zack Shore REALTORS License #8133142 Listed on: 04/12/2018

BHHS Zack Shore REALTORS

Co-Listed By

Michael Cowles

(609) 290-3680 mcowles@zackshore.com BHHS Zack Shore REALTORS License #1431720

Last Buyer's Agent

Laura Preidel

(609) 731-6211 lpreidel@zackshore.com BHHS Zack Shore REALTORS

BHHS Zack Shore REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,988

Year Built

  • Built in 1946

Lot Details

  • Lot Dimensions are 50x125
  • Building is oceanfront but unit may not have water views

Home Design

  • Duplex
  • Side-by-Side
  • Foundation Flood Vent
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 2,375 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Crawl Space
  • Attic

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Stove
  • Built-In Microwave

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Additional Features

  • Storage Shed
  • Flood Risk

Community Details

  • No Home Owners Association
  • Barnegat Light Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number 02-00029-0000-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,988

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Side-By-Side
  • Ownership: Fee Simple
  • New Construction: No
  • Federal Flood Zone: Yes
  • Year Built: 1946
  • Remarks Public: Unique two family home located just 5 houses away from the beach entrance in beautiful Barnegat Light. An ideal property for an investor or a vacation home buyer looking to enjoy life on LBI while having income to offset carrying costs. Its' 2,375 sq. ft. of living area consists of 2 spiffy clean apartments: EAST SIDE - 4 bedrooms, 1 1/2 baths, 2 stories, open floor plan, bright interior, gas heat & central a/c, extra family room and 2 private decks. WEST SIDE - Adorable 2 bedroom, 1 bath apt. with light, bright interior, gas heat & central a/c and dining deck. In-season weekly rents are $3,500 and $1,500 respectively. Both are offered furnished and in turn-key condition. There are also 2 outdoor showers, shared laundry area and storage shed. The 50'x 125' lot offers ample off street parking.
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Oven/Range - Electric, Built-In Microwave, Refrigerator, Stove, Washer
  • Flooring Type: Ceramic Tile, Laminated, Fully Carpeted
  • Interior Amenities: Attic, Entry Level Bedroom, Window Treatments, Breakfast Area, Ceiling Fan(s), Floor Plan - Open, Pantry
  • Fireplace: No
  • Foundation Details: Crawl Space, Flood Vent
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2375
  • Living Area Sq Ft: 2375
  • Price Per Sq Ft: 294.74
  • Above Grade Finished Sq Ft: 2375
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Water View: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SOUTHERN REGIONAL SCHOOLS
  • School District Key: 300200396369

Lot Info

  • Improvement Assessed Value: 289600.00
  • Land Assessed Value: 500000.00
  • Lot Dimensions: 50x125
  • Zoning: RESIDENTIA
  • Zoning Description: Residentia

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1

Tax Info

  • Assessor Parcel Number: 2826220
  • Tax Annual Amount: 6988.00
  • Assessor Parcel Number: 02-00029-0000-00011
  • Tax Lot: 11
  • Tax Year: 2017
  • Close Date: 10/23/2018

MLS Schools

  • School District Name: SOUTHERN REGIONAL SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Oct 25, 2018
Sold by
Jachzel Steve
Bought by
Dore Eneo and The Raniero Dore Irrevocable T
Seller's Agent
David Cowles
BHHS Zack Shore REALTORS
Buyer's Agent
Laura Preidel
BHHS Zack Shore REALTORS
List Price
$722,500
Sold Price
$650,000
Premium/Discount to List
-$72,500
-10.03%
Current Estimated Value
$1,278,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$628,508
Avg. Annual Appreciation
11.79%

Purchase Details

Closed on
Oct 26, 2009
Sold by
Sand Dune Properties Llc
Bought by
Jachzel Steve

Purchase Details

Closed on
Mar 11, 1996
Sold by
Peacock Lawrecne
Bought by
Leonard Grace H
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
Dore Eneo $650,000 Surety Title Agency Coastal
Jachzel Steve -- None Available
Leonard Grace H $200,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2018 10/23/18 Sold $650,000 -10.0% $274 / Sq Ft
10/09/2018 10/09/18 Pending -- -- --
04/12/2018 04/12/18 For Sale $722,500 -- $304 / 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 $6,498 $644,600 $500,000 $144,600
2024 $5,743 $644,600 $500,000 $144,600
2023 $5,331 $644,600 $500,000 $144,600
2022 $5,331 $644,600 $500,000 $144,600
2021 $5,737 $644,600 $500,000 $144,600
2020 $5,821 $644,600 $500,000 $144,600
2019 $5,608 $644,600 $500,000 $144,600
2018 $6,751 $789,600 $500,000 $289,600
2017 $6,988 $789,600 $500,000 $289,600
2016 $6,806 $789,600 $500,000 $289,600
2015 $6,562 $789,600 $500,000 $289,600
2014 $7,133 $789,000 $500,000 $289,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC155192

Bright MLS

APN: 02-00029-0000-00011