NOT LISTED FOR SALE

7 E Burlington Ave Harvey Cedars, NJ 08008

Long Beach Island Neighborhood

Estimated Value: $1,734,000

-- Bed
2 Baths
1,600 Sq Ft
$1,084/Sq Ft Est. Value

Last Sold May 12, 2014

Last sale price $832,000 $520 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $10,279/month

123 Days on Market

Highlights

  • Ocean View
  • Building is oceanfront but unit may not have water views
  • Deck
  • Beach
  • Lake Privileges
  • 4-minute walk to Harvey Cedars Sunset Park

About This Home

As of May 2014

Updated duplex with breath-taking ocean view 3rd from Ocean! Strong rental property - Rent both floors or keep one for yourself..many possibilities. Each unit sleeps 8 comfortably and has W/D. Open living/dining area, surrounded by decks. New roof (2009) and new HVAC - 2 zone (2012). Close to Sunset Park, playground and fields. SANDY? SANDY WHO? THIS PROPERTY SUSTAINED NO HURRICANE DAMAGE!!! Owner holds NJ Realtor License.

Last Agent to Sell the Property

Eileen Krenn

eileen.krenn@verizon.net.prod RE/MAX Elite Associates Listed on: 11/15/2013

Last Buyer's Agent

James Dooney

RE/MAX of Long Beach Island*

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,493

Year Built

  • 1970

Lot Details

  • Lot Dimensions are 45 x 90
  • Building is oceanfront but unit may not have water views

Parking

  • On-Street Parking

Property Views

  • Ocean
  • Park or Greenbelt

Home Design

  • Duplex
  • Shingle Roof
  • Shake Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Partially Furnished
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Freezer
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Ceramic Tile

Outdoor Features

  • Outdoor Shower
  • Lake Privileges
  • Deck
  • Outdoor Grill

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 10-00025-0000-00004

Community Details

Overview

  • 2 Units
  • 2-Story Building

Amenities

  • Picnic Area

Recreation

  • Beach

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,493

Year Built

1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Special Features: None
  • Year Built: 1970

Interior Features

  • Appliances: Dishwasher, Freezer, Refrigerator, Washer/Dryer Stacked, Oven/Range - Gas
  • Flooring Type: Ceramic Tile, Fully Carpeted
  • Foundation Details: Crawl Space
  • Living Area Units: Square Feet
  • Total Sq Ft: 1600
  • Living Area Sq Ft: 1600
  • Price Per Sq Ft: 530.63
  • Above Grade Finished Sq Ft: 1600
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Shake Siding
  • Exterior Features: Outside Shower, Bbq Grill
  • Roof: Shingle
  • View: Water, Ocean, Park/Greenbelt
  • Water View: Yes

Garage/Parking

  • Type Of Parking: On Street

Utilities

  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Condo Co-Op Amenities: Beach, Picnic Area, Water/Lake Privileges

Lot Info

  • Improvement Assessed Value: 175568.00
  • Land Assessed Value: 798150.00
  • Lot Dimensions: 45 x 90
  • Outdoor Living Structures: Deck(s)
  • Zoning: MULTI FAM
  • Zoning Description: Multi Fam

Rental Info

  • Furnished: Partially

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2940389
  • Tax Annual Amount: 7493.0
  • Assessor Parcel Number: 10-00025-0000-00004
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2013
Closed on
May 11, 2014
Sold by
Weldin John C
Bought by
Grovatt Theodore and Grovatt Cindy
Seller's Agent
Eileen Krenn
RE/MAX Elite Associates
Buyer's Agent
James Dooney
RE/MAX of Long Beach Island*
List Price
$869,000
Sold Price
$832,000
Premium/Discount to List
-$37,000
-4.26%
Current Estimated Value
$1,734,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$902,000
Avg. Annual Appreciation
6.50%
Original Mortgage
$533,850
Outstanding Balance
$397,847
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,336,153

Purchase Details

Listed on
Jan 8, 2012
Closed on
Apr 3, 2012
Sold by
Snyder Kenneth M and Snyder Cynthia R
Bought by
Weldin John C and Krenn Thomas
Seller's Agent
Steve Sepanak
Sand Dollar Real Estate
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$874,900
Sold Price
$815,000
Premium/Discount to List
-$59,900
-6.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.98%
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
Grovatt Theodore $832,000 Agent For Old Republic Natl
Weldin John C $805,000 First Jersey Title Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grovatt Theodore $533,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/12/2014 05/12/14 Sold $832,000 -4.3% $520 / Sq Ft
03/18/2014 03/18/14 Pending -- -- --
11/15/2013 11/15/13 For Sale $869,000 +6.6% $543 / Sq Ft
04/03/2012 04/03/12 Sold $815,000 -6.8% $515 / Sq Ft View Prior Sale
02/22/2012 02/22/12 Pending -- -- --
01/08/2012 01/08/12 For Sale $874,900 -- $552 / 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 $14,655 $1,302,700 $730,400 $572,300
2024 $12,806 $1,302,700 $730,400 $572,300
2023 $12,597 $1,302,700 $730,400 $572,300
2022 $12,597 $1,302,700 $730,400 $572,300
2021 $12,245 $1,302,700 $730,400 $572,300
2020 $6,778 $730,400 $730,400 $0
2019 $7,666 $836,900 $730,400 $106,500
2018 $7,842 $836,900 $730,400 $106,500
2017 $7,984 $836,900 $730,400 $106,500
2016 $8,294 $836,900 $730,400 $106,500
2015 $8,277 $836,900 $730,400 $106,500
2014 $8,762 $926,200 $759,200 $167,000
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Eileen Krenn

    RE/MAX

  • J

    Buyer's Agent in 2014

    James Dooney

    RE/MAX of Long Beach Island*

  • Steve Sepanak

    Seller's Agent in 2012

    Steve Sepanak

    Sand Dollar Real Estate

    (609) 290-1694

    10 in this area

    10 Total Sales

    Steve Sepanak
    Section Image
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Map

Source: Bright MLS

MLS Number: NJOC219690

Bright MLS

APN: 10-00025-0000-00004

New Jersey Ocean County Harvey Cedars 08008 Long Beach Island

7 E Burlington Ave, Harvey Cedars, NJ

Not Listed for Sale

MultiFamily

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