NOT LISTED FOR SALE

707 18th Ave Belmar, NJ 07719

Estimated Value: $855,000 - $1,254,000

4 Beds
4 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold November 19, 2020

Last sale price $576,000

Est. 70% increase in value since last sale

Current estimated payment $5,866/month

141 Days on Market

About This Home

As of November 2020

FOUR Family, fully leased investment property in sought after Lake Como. The first floor units are each one bedroom. The second floor units each have 2 bedrooms. Fantastic rental history with long term tenants. Roof was replaced in 2014. Property is located within walking distance to town, Jersey Shore Beaches, restaurants and shopping and area transportation. Great Investment Opportunity!

Last Agent to Sell the Property

Margaret Pittenger

Pittenger Realty LLC Listed on: 04/29/2020

Last Buyer's Agent

Nicole Gragnano

The Gallery Residential Brokerage License #0897700

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,066

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Rubber Roof
  • Stucco Exterior

Utilities

  • Multiple cooling system units
  • Heating System Uses Oil Above Ground
  • Hot Water Heating System
  • Electric Water Heater

Additional Features

  • 2-Story Property
  • Exterior Lighting

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for yard maintenance, snow removal, hot water, electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 46-00031-0000-00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,066

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Year Built: 1940
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 125
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Exterior Lighting: Yes
  • Heating Oil Above Ground: Yes
  • Cooling Multi Units: Yes
  • Siding Stucco - Cement: Yes
  • Roof Rubber Roll: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Stories: 2
  • Basement:Slab: Yes

Exterior Features

  • Roof: Rubber, Flat
  • Acres: 0.14
  • Waterfront: No
  • Construction Type: Stucco
  • Exterior Features: Lighting
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Oil Above Ground, Electric BB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes
  • Heating:Hot Water2: Yes

Lot Info

  • Lot Dimensions: 50 x 125
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 46-00031-0000-00023
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Yard Maintenance, Snow Removal, Hot Water, Electricity
  • Owner Pays: See Remarks, Water, Sewer

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6066.0
  • Tax Other Annual Assessment Amount: 414900.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2020
Closed on
Nov 19, 2020
Sold by
Tip Holdings Llc
Bought by
707 Belmar Management Llc
Seller's Agent
Margaret Pittenger
Pittenger Realty LLC
Buyer's Agent
Nicole Gragnano
The Gallery Residential Brokerage
List Price
$649,900
Sold Price
$576,000
Premium/Discount to List
-$73,900
-11.37%
Current Estimated Value
$979,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,419
Avg. Annual Appreciation
11.54%

Purchase Details

Listed on
Apr 29, 2020
Closed on
Nov 16, 2020
Sold by
Tip Holdings Llc
Bought by
707 Belmar Management Llc
Seller's Agent
Margaret Pittenger
Pittenger Realty LLC
Buyer's Agent
Nicole Gragnano
The Gallery Residential Brokerage
List Price
$649,900
Sold Price
$576,000
Premium/Discount to List
-$73,900
-11.37%

Purchase Details

Listed on
Oct 28, 2013
Closed on
Jan 10, 2014
Sold by
Nelson Joshua and Nelson Amy
Bought by
Tip Holdings Llc
Seller's Agent
George Jablonski
EXP Realty
Buyer's Agent
Gail Kritch
Diane Turton, Realtors-Sea Girt
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%
Original Mortgage
$288,750
Interest Rate
4.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
707 Belmar Management Llc $576,000 Fidelity National Title
707 Belmar Management Llc $576,000 Fidelity National Title
707 Belmar Management Llc $576,000 Suburban Title Examiners Inc
Tip Holdings Llc $385,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tip Holdings Llc $288,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2020 11/19/20 Sold $576,000 -3.8% --
09/18/2020 09/18/20 Pending -- -- --
06/23/2020 06/23/20 Price Changed $599,000 -2.6% --
05/29/2020 05/29/20 Price Changed $614,900 -5.4% --
04/29/2020 04/29/20 For Sale $649,900 +68.8% --
01/10/2014 01/10/14 Sold $385,000 -- --
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
2025 $8,073 $842,400 $613,000 $229,400
2024 $7,878 $722,700 $497,500 $225,200
2023 $7,878 $687,400 $467,500 $219,900
2022 $8,401 $598,400 $389,000 $209,400
2021 $8,401 $580,600 $330,800 $249,800
2020 $6,353 $445,500 $261,300 $184,200
2019 $6,066 $414,900 $232,800 $182,100
2018 $6,047 $388,400 $213,800 $174,600
2017 $6,501 $383,100 $213,800 $169,300
2016 $6,349 $359,900 $194,800 $165,100
2015 $6,229 $341,300 $161,500 $179,800
2014 $6,276 $369,200 $157,500 $211,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Margaret Pittenger

    Pittenger Realty LLC

  • N

    Buyer's Agent in 2020

    Nicole Gragnano

    The Gallery Residential Brokerage

    (732) 449-4646

    4 in this area

    42 Total Sales

    Nicole Gragnano
    Section Image
  • George Jablonski

    Seller's Agent in 2014

    George Jablonski

    EXP Realty

    (732) 996-4075

    29 Total Sales

    George Jablonski
    Section Image

  • G

    Buyer's Agent in 2014

    Gail Kritch

    Diane Turton, Realtors-Sea Girt

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22013502

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 46-00031-0000-00023

New Jersey Monmouth County Belmar 07719

707 18th Ave, Belmar, NJ

This home is located at 707 18th Ave, Belmar, NJ 07719 since 29 April 2020 and is currently estimated at $979,419. This property was built in 1940. 707 18th Ave is a home located in Monmouth County with nearby schools including St. Rose Grammar School and St Rose High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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