NOT LISTED FOR SALE

705 N Shore Rd Absecon, NJ 08201

Estimated Value: $288,000 - $363,000

-- Bed
-- Bath
1,752 Sq Ft
$184/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $180,000 $103 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $2,150/month

58 Days on Market

About This Home

As of March 2021

Duplex-Three story building. First floor unit has 2 bedrooms and 1 bath and has a one year lease at $1,025 per month. The 2nd/3rd floor apartment has 4 bedrooms and 1 bath and is also occupied with a 1 year lease at $1,150 per month.

Last Agent to Sell the Property

Pamela Stearns

RE/MAX ATLANTIC Listed on: 12/02/2020

RE/MAX ATLANTIC

Last Buyer's Agent

MELISSA BENCZE

RE/MAX ATLANTIC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 7,492

Parking

  • 3 Parking Spaces

Home Design

  • Duplex
  • Vinyl Siding

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Stove
  • Basement Fills Entire Space Under The House
  • Lot Dimensions are 50x150

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Year Built: 1930
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Gas Stove, Refrigerator, Washer
  • Basement: Full, Unfinished

Exterior Features

  • Siding Exterior: Vinyl

Garage/Parking

  • Driveway: Blacktop
  • Parking Exterior: Three Or More Cars

Utilities

  • Air Conditioner: Window Units
  • Heating: Electric, Gas-Natural, Radiator
  • Sewer: Public Sewer
  • Water: Public
  • Water Heater: Gas

Lot Info

  • Lot Dimensions: 50x150

Rental Info

  • Rental Information: 100 Percent Occupancy

Multi Family

  • Number Of Units: 2
  • Number Of2 Bedroom Units: 1
  • Number Of4 Bedroom Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2020
Closed on
Mar 12, 2021
Sold by
Gorman Keith and Gorman Emily
Bought by
Iacono Michael
Seller's Agent
Pamela Stearns
RE/MAX ATLANTIC
Buyer's Agent
MELISSA BENCZE
RE/MAX ATLANTIC
List Price
$199,900
Sold Price
$180,000
Premium/Discount to List
-$19,900
-9.95%
Current Estimated Value
$323,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,051
Avg. Annual Appreciation
13.16%

Purchase Details

Listed on
Jan 28, 2014
Closed on
May 14, 2014
Sold by
Fresco James
Bought by
Gorman Keith and Gorman Emily
Seller's Agent
Sheldon Grace
GRACE PROPERTIES
Buyer's Agent
Pamela Stearns
RE/MAX ATLANTIC
List Price
$156,000
Sold Price
$156,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.12%
Original Mortgage
$117,000
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2008
Sold by
Rms Residential Properties Llc
Bought by
Fresco James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,250
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 11, 2007
Sold by
Islam Mohammad S
Bought by
Rms Residential Mortgage Solutions Llc

Purchase Details

Closed on
Sep 15, 2005
Sold by
Brett Christine
Bought by
Mohammed Islam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 1999
Sold by
Pinto Michael R and Pinto Elizabeth
Bought by
Brett Christine T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
6.74%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Iacono Michael $180,000 City Abstract
Gorman Keith $156,000 Surety Title
Fresco James $127,000 None Available
Rms Residential Mortgage Solutions Llc -- None Available
Mohammed Islam $265,000 --
Brett Christine T $89,000 The Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorman Keith $117,000
Previous Owner Fresco James $95,250
Previous Owner Mohammed Islam $212,000
Previous Owner Brett Christine T $71,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2021 03/15/21 Sold $180,000 -10.0% $103 / Sq Ft
01/29/2021 01/29/21 Pending -- -- --
12/02/2020 12/02/20 For Sale $199,900 +28.1% $114 / Sq Ft
05/22/2014 05/22/14 Sold $156,000 0.0% $89 / Sq Ft View Prior Sale
02/10/2014 02/10/14 Pending -- -- --
01/28/2014 01/28/14 For Sale $156,000 -- $89 / Sq Ft
Source: South Jersey Shore Regional 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 $5,414 $161,800 $84,500 $77,300
2024 $5,414 $161,800 $84,500 $77,300
2023 $5,349 $161,800 $84,500 $77,300
2022 $5,349 $161,800 $84,500 $77,300
2021 $5,333 $161,800 $84,500 $77,300
2020 $5,343 $161,800 $84,500 $77,300
2019 $5,304 $161,800 $84,500 $77,300
2018 $5,326 $161,800 $84,500 $77,300
2017 $5,288 $161,800 $84,500 $77,300
2016 $5,139 $161,800 $84,500 $77,300
2015 $5,072 $161,800 $84,500 $77,300
2014 $5,003 $161,800 $84,500 $77,300
Source: Public Records

Agents Affiliated with this Home

  • Pamela Stearns

    Seller's Agent in 2021

    Pamela Stearns

    RE/MAX

    (609) 457-5986

    49 in this area

    177 Total Sales

    Pamela Stearns
    Section Image
  • MELISSA BENCZE

    Buyer's Agent in 2021

    MELISSA BENCZE

    RE/MAX

    (609) 457-2059

    12 in this area

    53 Total Sales

    MELISSA BENCZE
    Section Image
  • Sheldon Grace

    Seller's Agent in 2014

    Sheldon Grace

    GRACE PROPERTIES

    (609) 485-2262

    3 in this area

    55 Total Sales

    Sheldon Grace
    Section Image
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Map

Source: South Jersey Shore Regional MLS

MLS Number: 545185

South Jersey Shore Regional MLS

APN: 01-00019-0000-00001-01

New Jersey Atlantic County Absecon 08201

705 N Shore Rd, Absecon, NJ

Not Listed for Sale

MultiFamily

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