NOT LISTED FOR SALE

706 Drum Point Rd Brick, NJ 08723

Estimated Value: $985,890 - $1,115,000

4 Beds
3 Baths
-- Sq Ft
5,009 Sq Ft Lot

Last Sold August 12, 2019

Last sale price $525,000

Est. 101% increase in value since last sale

Current estimated payment $6,559/month

4 Days on Market

Highlights

  • Water Views
  • Parking available for a boat
  • Home fronts a lagoon or estuary
  • Dock has access to electricity and water
  • Boat Lift
  • Property near a lagoon

About This Home

As of August 2019

Have you always dreamed about living on the water? This breathtaking Lagoon home has immediate access to beautiful Barnegat Bay. The spacious backyard has both an electric boat lift with new remote controls and a PWC Davit for your favorite toys. The newly renovated dock is right outside your 2 level deck with water views, perfect to enjoy your morning coffee and evening night caps.

It all starts as you enter this beautifully renovated 2-story contemporary style home. The brand new custom designed high-end kitchen features new white cabinetry, gorgeous Quartz counter top, and an enormous center island for entertaining your guests... all fitted with brand new Stainless Steel appliances.

The Great Room features custom built-in cabinets which surround the wood burning fireplace – perf to sit and cozy up to on a chilly night.

All bedrooms have brand new solid hardwood flooring and the 3 full bathrooms are completely and tastefully remodeled with new cabinetry, fixtures and tile. As an added bonus- the second story deck has access from both the master and main guest bedrooms via brand new sliding doors.

New LED recessed lighting - new solid oak hardwood floors throughout - new HVAC new tankless water- heater - new roof and new premium vinyl siding are just a few of the amenities this spectacular "Seaside Gem" has to offer. Take a tour see for yourself..
"Live your Dream" Featured Listing

Last Agent to Sell the Property

Erwin Ruerup

Keller Williams Shore Properties Listed on: 06/20/2019

Last Buyer's Agent

Raphael Gestetner

Imperial Real Estate Agency License #1644074

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,316

Year Built

  • Built in 1985

Lot Details

  • Lot Dimensions are 50 x 100
  • Home fronts a lagoon or estuary

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Parking Available
  • Garage Door Opener
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Bay Window
  • Sliding Doors
  • Great Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary bedroom located on second floor
  • Walk-In Closet
  • 3 Full Bathrooms
  • Primary Bathroom includes a Walk-In Shower

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Property near a lagoon
  • Bulkhead
  • Boat Lift
  • Dock has access to electricity and water
  • Cove
  • Deck

Utilities

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

Community Details

  • No Home Owners Association
  • Bay Harbor Subdivision

Listing and Financial Details

  • Exclusions: personal Items, furniture
  • Assessor Parcel Number 07-00254-14-00018

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,316

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Bulkhead, Cove, Lagoon
  • Inclusions: Ceiling Fan(s), Dishwasher, Microwave, Stove, Refrigerator, Garage Door Opener, Gas Cooking
  • Subdivision Name: Bay Harbor
  • Architectural Style: Contemporary
  • Reso Interior Features: Breakfast Bar
  • Efficiency: Remote Thermostat
  • ResoWindowFeatures: Insulated Windows
  • Year Built: 1985
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • GreatFamily Room Sliding Door4: Yes
  • General Property Info Lot Dimensions: 50 x 100
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Gas Cooking: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Lot Description Bulkhead2: Yes
  • Lot Description Lagoon2: Yes
  • Water Type Lagoon: Yes
  • Allowable Cats: Yes
  • Allowable Dogs: Yes
  • Included Ceiling Fan(s): Yes
  • Rooms Garage4: Yes
  • Foyer Floor - Wood: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Parking Concrete: Yes
  • GreatFamily Room Fireplace - Woodburning5: Yes
  • Kitchen Breakfast Cntr: Yes
  • Garage Oversized: Yes
  • Kitchen Floor - Wood4: Yes
  • Exterior Dock: Yes
  • Exterior WaterElect Dock: Yes
  • Living Room BayBow Window2: Yes
  • Allowable Boats: Yes
  • Exterior Boat Lift: Yes
  • Allowable Recreational Vehicles: Yes
  • Lot Description Cove2: Yes
  • Energy Features:Energy Appliances: Yes
  • Energy Features Remote Thermostat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Total Bedrooms: 12
  • Stories: 2
  • Other Rooms:Dining Room: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Microwave: Yes
  • Appliances:Water Heater - Tankless: Yes
  • Other Rooms:Great Room: Yes
  • Primary Bedroom Level:Second43: Yes
  • Primary Bedroom:Floor - Wood6: Yes
  • Primary Bedroom:Full Bath: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bedroom:Walk-in Closet: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront Features: Lagoon
  • Waterfront: Yes
  • Exclusions: personal Items, furniture
  • Exterior Features: Boat Lift, Deck, Dock, Jetski Dock, Water/Elect @ Dock
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Oversized
  • General Property Info:Garage: Yes
  • _pound_ AppliancesIncluded:Garage Door Opener: Yes

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 50 x 100
  • Parcel #: 07-00254-14-00018
  • Zoning Description: Residential

Green Features

  • Energy Features Insulated Windows: Yes

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10316.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2019
Closed on
Aug 15, 2019
Sold by
706 Drum Point Assets Llc
Bought by
Oleske Joseph A and Oleske Gina
Seller's Agent
Erwin Ruerup
Keller Williams Shore Properties
Buyer's Agent
Raphael Gestetner
Imperial Real Estate Agency
Sold Price
$525,000
Current Estimated Value
$1,053,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,473
Avg. Annual Appreciation
11.87%
Original Mortgage
$420,000
Outstanding Balance
$367,842
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$685,631

Purchase Details

Listed on
Feb 25, 2018
Closed on
Apr 13, 2018
Sold by
Fishman Larry and Speranza John
Bought by
706 Drum Pt Assets Llc
Seller's Agent
Joseph Haberl
Our Shore Real Estate
Buyer's Agent
Joseph Haberl
Our Shore Real Estate
Sold Price
$242,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
78.71%
Original Mortgage
$290,826
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 25, 2018
Closed on
Apr 10, 2018
Sold by
Jp Morgan Chase Bank
Bought by
Sperenza John and Fishman Larry
Seller's Agent
Joseph Haberl
Our Shore Real Estate
Buyer's Agent
Joseph Haberl
Our Shore Real Estate
Sold Price
$242,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,826
Interest Rate
4.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2017
Sold by
Ocean County Sheriff
Bought by
Jp Morgan Chase Bank

Purchase Details

Closed on
Nov 17, 2006
Sold by
Praitano Rita M and Urso Rita
Bought by
Urso Frank and Urso Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 27, 1993
Sold by
Boske Victor
Bought by
Praitano Rita M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.79%
Source: Public Records

Range of Values:

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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
Oleske Joseph A $525,000 First American Title Ins Co
706 Drum Pt Assets Llc -- --
Sperenza John $242,550 --
Jp Morgan Chase Bank -- --
Urso Frank -- Associates Title Llc
Praitano Rita M $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oleske Joseph A $420,000
Previous Owner 706 Drum Pt Assets Llc $290,826
Previous Owner Sperenza John $290,826
Previous Owner Urso Frank $500,000
Previous Owner Praitano Rita M $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/12/2019 08/12/19 Sold $525,000 +116.5% --
04/13/2018 04/13/18 Sold $242,550 -- $114 / Sq Ft View Prior Sale
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
2025 $11,884 $460,100 $241,300 $218,800
2024 $11,295 $460,100 $241,300 $218,800
2023 $11,148 $460,100 $241,300 $218,800
2022 $11,148 $460,100 $241,300 $218,800
2021 $10,914 $460,100 $241,300 $218,800
2020 $10,776 $460,100 $241,300 $218,800
2019 $10,559 $458,500 $241,300 $217,200
2018 $10,316 $458,500 $241,300 $217,200
2017 $10,037 $458,500 $241,300 $217,200
2016 $9,986 $458,500 $241,300 $217,200
2015 $9,725 $458,500 $241,300 $217,200
2014 $9,647 $458,500 $241,300 $217,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21921418

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00254-14-00018