NOT LISTED FOR SALE

7 Kerr Ave Lavallette, NJ 08735

Estimated Value: $880,000 - $1,811,000

3 Beds
1 Bath
-- Sq Ft
3,398 Sq Ft Lot

Last Sold April 14, 2016

Last sale price $800,000

Est. 53% increase in value since last sale

Current estimated payment $7,416/month

22 Days on Market

Highlights

  • Beach Access
  • Oceanside
  • Patio
  • Garage Apartment
  • Detached Garage
  • Ceramic Tile Flooring

About This Home

As of April 2016

Charming beach house with garage apartment, just steps to the ocean.Front house features bright enclosed front porch with Anderson windows,updated kitchen with washed oak cabinets,new full bath.large living/dining area with wainscoting & tongue & groove ceiling. Finished basement with 2 rooms, work area,& tiled laundry room with extra shower.Garage apt features 1 bedroom, new full bath,kitchen, living/dining area. Garage has been converted to a tiled family room with w/d & 1/2 bath.Paver driveway for off street parking, patio and 2 O/S.Short Sale/Subject to bank approval.Permissive easement.

Last Agent to Sell the Property

Nancy Graves

Childers Sotheby's Intl Realty License #8735489 Listed on: 04/15/2015

Childers Sotheby's Intl Realty

Last Buyer's Agent

Janice Innella

Diane Turton, Realtors-Lavallette

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,469

Year Built

  • Built in 1905

Lot Details

  • Lot Dimensions are 34 x 100

Home Design

  • Duplex
  • Shingle Roof
  • Wood Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1-Story Property
  • Ceramic Tile Flooring

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Detached Garage
  • Garage Apartment
  • Converted Garage
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Oceanside
  • Patio

Schools

  • Lavallette Elementary School

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Personal items, electronics, furniture
  • Assessor Parcel Number 16-00003-0000-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,469

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Oceanside
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Ceramic Tile
  • Year Built: 1905
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 34 x 100
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • Siding Shingle: Yes
  • Siding Wood2: Yes
  • Garage Apt Above Garage: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Water Heater: Yes
  • Unit 1 Dryer2: Yes
  • Unit 1 Furnace: Yes
  • Garage Converted: Yes
  • Exterior Beach Access2: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access, Full Finished
  • Basement: Yes
  • Stories: 1
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Shingle, Wood
  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exclusions: Personal items, electronics, furniture
  • Construction Type: Shingle Siding
  • Exterior Features: Patio, Beach Access

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Paved, Off Street, Detached, Converted Garage
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 34 x 100
  • Parcel #: 16-00003-0000-00012
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 7469.0
  • Tax Other Annual Assessment Amount: 800500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Lavallette

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2015
Closed on
Apr 20, 2016
Sold by
Lynch Patricia F
Bought by
Smith Mattie A and Mattie Ann Smith Living Trust
Seller's Agent
Nancy Graves
Childers Sotheby's Intl Realty
Buyer's Agent
Janice Innella
Diane Turton, Realtors-Lavallette
Sold Price
$800,000
Current Estimated Value
$1,227,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,633
Avg. Annual Appreciation
4.11%
Interest Rate
3.58%

Purchase Details

Closed on
Aug 29, 2012
Sold by
Mccallum Malcolm M and Mccallum Frances Mc
Bought by
Mccallum Frances

Purchase Details

Closed on
Jun 3, 2005
Sold by
Pak Lisa and Pak H
Bought by
Lynch Patricia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Interest Rate
7.45%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 26, 2004
Sold by
Pak Lisa
Bought by
Pak Lisa and Pak H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,000
Interest Rate
5.82%

Purchase Details

Closed on
Dec 12, 2002
Sold by
Bitzer Edward
Bought by
Pak Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.11%
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
Smith Mattie A $800,000 --
Mccallum Frances -- None Available
Lynch Patricia L $1,150,000 --
Pak Lisa -- --
Pak Lisa $729,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mattie Ann Smith Living Trust $682,500
Closed Smith Mattie A --
Previous Owner Lynch Patricia Fernandez $120,000
Previous Owner Lynch Patricia L $920,000
Previous Owner Pak Lisa $427,000
Previous Owner Pak Lisa $144,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2016 04/14/16 Sold $800,000 -- --
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
2024 $8,721 $950,000 $750,000 $200,000
2023 $8,113 $950,000 $750,000 $200,000
2022 $8,113 $950,000 $750,000 $200,000
2021 $7,847 $950,000 $750,000 $200,000
2020 $9,156 $1,115,200 $852,500 $262,700
2019 $7,837 $800,500 $672,000 $128,500
2018 $7,773 $800,500 $672,000 $128,500
2017 $7,853 $800,500 $672,000 $128,500
2016 $7,597 $800,500 $672,000 $128,500
2015 $7,437 $800,500 $672,000 $128,500
2014 $7,469 $800,500 $672,000 $128,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21513827

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 16-00003-0000-00012