NOT LISTED FOR SALE

711 Beach Ave Bradley Beach, NJ 07720

Estimated Value: $480,965

-- Bed
-- Bath
-- Sq Ft
5,401 Sq Ft Lot

Last Sold December 23, 2014

Last sale price $879,000

Est. 45% decrease in value since last sale

Current estimated payment $3,101/month

2 Days on Market

Highlights

  • Balcony
  • Multiple cooling system units
  • 3-minute walk to Bradle Beach Playground

About This Home

As of December 2014

Amazing 5 unit building located one block from the beach! This exceptional residence offers Three 1 Bedroom, One 2 Bedroom, and One 3 Bedroom Units. Each unit has it's own storage area, as well as assigned off street parking. Washer and dryer on premise. Rental income totals $5,850 monthly and $70,200 annually.

Last Agent to Sell the Property

Patrick Parker

Patrick Parker Realty License #0336463 Listed on: 12/13/2014

Last Buyer's Agent

Patrick Parker

Patrick Parker Realty License #0336463 Listed on: 12/13/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1918

Lot Details

  • 5,401

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof

Parking

  • 5 Parking Spaces
  • Off-Street Parking
  • Assigned Parking

Schools

  • Bradley Beach Elementary And Middle School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Stove
  • Washer
  • Balcony
  • Lot Dimensions are 51x106

Listing and Financial Details

  • Tenant pays for heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 08-00037-0000-00006

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,000
  • Gross Income $69,300
  • Net Operating Income $57,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Interior Features: Balcony
  • New Construction: No
  • Year Built: 1918
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 51X106
  • Location Middle School: Bradley Beach
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Interior Balcony: Yes
  • Cooling Multi Units: Yes
  • General Property Info # Parking Spaces: 5.0
  • Unit 1 Washer2: Yes
  • Unit 2 Washer3: Yes
  • Income Expenses Insurance Expense: 3000.0
  • Income Expenses Gross Income2: 69300.0
  • Income Expenses Net Income: 57200.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Washer4: Yes
  • Unit 4 Washer10: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 5.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Assigned2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Bradley Beach

Lot Info

  • Lot Dimensions: 51X106
  • Parcel #: 08-00037-0000-00006

Rental Info

  • Tenant Pays: Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Multi Family

  • Number Of Units Total: 5
  • Annual Gross Income: 69300.0
  • Insurance Expense: 3000.0

Tax Info

  • Tax Other Annual Assessment Amount: 311900.0

MLS Schools

  • Elementary School: Bradley Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2017
Sold by
711 Beach Avenue Llc
Bought by
Methven Michelle and Methven Scott
Current Estimated Value
$480,965

Purchase Details

Listed on
Dec 13, 2014
Closed on
Dec 22, 2014
Sold by
Sarno Properties Llc
Bought by
711 Beach Avenue Llc
Seller's Agent
Patrick Parker
Patrick Parker Realty
Buyer's Agent
Patrick Parker
Patrick Parker Realty
Sold Price
$879,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.50%
Original Mortgage
$660,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 25, 2011
Sold by
Starkey James and Starkey Madeline
Bought by
Sarno Properties Llc

Purchase Details

Closed on
Dec 22, 1999
Sold by
Huq Muhammed
Bought by
Starkey James and Starkey Madeline
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
Methven Michelle $269,000 Red Bank Title Agency
711 Beach Avenue Condominium -- None Available
711 Beach Avenue Condominium -- None Available
711 Beach Avenue Llc $879,000 Green Lable Title
Sarno Properties Llc $710,000 Coastal Title Agency Inc
Starkey James $280,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 711 Beach Avenue Llc $660,000
Previous Owner Sarno Properties Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2014 12/23/14 Sold $879,000 -- --
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 -- $0 $0 $0
2023 -- $0 $0 $0
2022 $0 $0 $0 $0
2021 $5,049 $0 $0 $0
2020 $5,049 $0 $0 $0
2019 $5,049 $0 $0 $0
2018 $5,049 $0 $0 $0
2017 $10,044 $714,100 $402,000 $312,100
2016 $9,983 $714,100 $402,000 $312,100
2015 $9,969 $714,100 $402,000 $312,100
2014 $9,188 $663,900 $352,000 $311,900
Source: Public Records

Agents Affiliated with this Home

  • Patrick Parker

    Seller's Agent in 2014

    Patrick Parker

    Patrick Parker Realty

    (202) 788-6182

    21 in this area

    72 Total Sales

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21454343

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-00037-0000-00006

New Jersey Monmouth County Bradley Beach 07720

711 Beach Ave, Bradley Beach, NJ

This home is located at 711 Beach Ave, Bradley Beach, NJ 07720 since 13 December 2014 and is currently estimated at $480,965. This property was built in 1918. 711 Beach Ave is a home located in Monmouth County with nearby schools including Bradley Beach Elementary School and Hope Academy Charter 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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