$692,500
SOLD JUN 6, 2016

821 13th Ave Belmar, NJ 07719

-- Bed
-- Bath
1,050 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$660 Per Sq Ft

53 Days on Market

Highlights

  • Deck
  • Oversized Parking
  • Ceramic Tile Flooring
  • 1 Car Detached Garage
  • Recessed Lighting
  • 4-minute walk to Dempsey Park

About This Home

As of June 2016

Excellent income producing, 4 unit property well maintained & great curb appeal. Two buildings with two units each. Duplex has shared covered front porch. Each has great floor plan: 3+ bedrooms & 1.5 baths, dishwasher & washer/dryer. (Ea over 1500 sq ft per tax records including 3rd floor for den, office or possible 4th br) Rear building has upper 2BR unit with deck and lower 1 BR unit has an updated kitchen. Extended driveway + over sized garage (currently used by LL) Gas Heat. Tenants pay all utilities. Many recent updates include: new roof all buildings; 3 kitchen renovations, new front railings on duplex and both new hwhs...full list avail. Steady consistent rents. All units rented with $66780 Convenient to beaches, Main St, trains, major roads.

Last Agent to Sell the Property

Maureen Rushalski

Coldwell Banker Realty Listed on: 12/14/2015

Last Buyer's Agent

Alice Farr-Leonard

C21/ Schlossbach Realty License #7842357

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,747

Year Built

  • Built in 1941

Parking

  • 1 Car Detached Garage
  • Oversized Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding
  • T111 Siding

Interior Spaces

  • 2-Story Property
  • Recessed Lighting
  • Ceramic Tile Flooring
  • Basement
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Laundry

  • Dryer
  • Washer

Schools

  • Belmar Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 50 x 150

Listing and Financial Details

  • Exclusions: All personal items
  • Tenant pays for hot water, water, snow removal, sewer, heat, gas, electricity
  • Assessor Parcel Number 07-00137-0000-00005

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $3,000
  • Gross Income $65,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,747

Year Built

Built in 1941

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Ceramic Tile
  • Reso Interior Features: Recessed Lighting
  • Year Built: 1941
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Location Middle School: Belmar
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Recessed Lighting: Yes
  • ExteriorDeck: Yes
  • Garage Oversized: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Washer2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • SidingT111: Yes
  • Income Expenses Insurance Expense: 2999.75
  • Income Expenses Gross Income2: 65340.0
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 Dryer4: Yes
  • Unit 3 Washer4: Yes
  • Unit 4 Dryer11: Yes
  • Unit 4 Washer10: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exclusions: All personal items
  • Exterior Features: Deck
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Paved, Off Street, Detached, Oversized
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: HWBB
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 50 x 150
  • Parcel #: 07-00137-0000-00005
  • Zoning Description: Residential, Multi-Family

Rental Info

  • Tenant Pays: Hot Water, Water, Snow Removal, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 6747.0
  • Tax Other Annual Assessment Amount: 351600.0

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 65340.0
  • Insurance Expense: 2999.75

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2015
Closed on
Jun 20, 2016
Sold by
Gpe Investors Llc
Bought by
Cheng Kwok W and Yang Dan
Seller's Agent
Maureen Rushalski
Coldwell Banker Realty
Buyer's Agent
Alice Farr-Leonard
C21/ Schlossbach Realty
Sold Price
$692,500
Current Estimated Value
$921,832

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,332
Avg. Annual Appreciation
2.68%
Original Mortgage
$330,000
Outstanding Balance
$263,099
Interest Rate
3.54%
Estimated Equity
$622,022

Purchase Details

Closed on
May 15, 2015
Sold by
Gittleman Michael
Bought by
Gpe Investors Llc

Purchase Details

Closed on
Apr 11, 2003
Sold by
Pyanoe Joseph
Bought by
Gittleman Michael and Parezo Walter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,000
Interest Rate
5.86%
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 Type Sale Price Title Company
Deed $692,500 --
Bargain Sale Deed -- Attorney
Deed $530,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $330,000 No Value Available
Closed -- No Value Available
Closed $330,000 New Conventional
Previous Owner $477,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2017 04/01/17 Rented $13,200 0.0% --
06/06/2016 06/06/16 Sold $692,500 -- $660 / Sq Ft
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 $9,268 $637,000 $280,000 $357,000
2024 $8,956 $637,000 $280,000 $357,000
2023 $8,956 $637,000 $280,000 $357,000
2022 $8,644 $637,000 $280,000 $357,000
2021 $8,567 $637,000 $280,000 $357,000
2020 $8,568 $637,000 $280,000 $357,000
2019 $8,568 $637,000 $280,000 $357,000
2018 $7,867 $637,000 $280,000 $357,000
2017 $7,676 $637,000 $280,000 $357,000
2016 $6,624 $346,600 $70,000 $276,600
2015 $6,747 $351,600 $75,000 $276,600
2014 $7,287 $376,600 $100,000 $276,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2017

    Alice Farr-Leonard

    C21/ Schlossbach Realty

    (732) 496-0992

    7 in this area

    17 Total Sales

    Alice Farr-Leonard
    Section Image

  • M

    Seller's Agent in 2016

    Maureen Rushalski

    Coldwell Banker Realty

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21545743

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00137-0000-00005

New Jersey Monmouth County Belmar 07719

821 13th Ave, Belmar, NJ

This home is located at 821 13th Ave, Belmar, NJ 07719 and is currently priced at $692,500, approximately $659 per square foot. This property was built in 1941. 821 13th Ave is a home located in Monmouth County with nearby schools including Belmar Elementary School, 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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