NOT LISTED FOR SALE

Estimated Value: $615,000 - $688,544

6 Beds
2 Baths
2,080 Sq Ft
$313/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $575,000 $276 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,817/month

8 Days on Market

Highlights

  • Deck
  • Cooling Available
  • Fenced
  • Thermal Windows
  • Storm Doors

About This Home

As of September 2023

*INVESTMENT OPPORTUNITY!* Ideally located in the beachside town of Manahawkin, this excellent investment is the perfect duplex for either an owner-occupied property or fully rented two family home. Each updated unit is identical with 3 spacious bedrooms/1 bath, hardwood floors throughout, sliders to private decks and separate yards with ample space for entertaining! Wonderful, stable tenant occupies lower unit, upper unit can be delivered vacant or occupied with an outstanding rent roll! Don't miss this one! Proximity to LBI, beach, marinas and Rt. 72 shopping and restaurants. Each unit has convenient laundry hook up. Live your best life by the beach and invest in one of Ocean County's greatest seaside towns! *Separate electric and water meters. Seller replacing appliances to SS. Lower level currently rented for $2750/annually. Upper level can be delivered fully occupied for $2800/annually.

Last Agent to Sell the Property

Patricia Ronca

Jason Mitchell Real Estate New Jersey License #1650247 Listed on: 08/10/2023

Jason Mitchell Real Estate New Jersey

Last Buyer's Agent

Michael Harbord

Exit Realty Advantage

Exit Realty Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,426

Year Built

  • Built in 1979

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 75 x 100
  • Fenced

Home Design

  • Duplex
  • Pitched Roof
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,080 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Window Screens
  • Crawl Space
  • Storm Doors
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • No Garage
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Ocean Acres Elementary School
  • Southern Reg Middle School
  • Southern Reg High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for hot water, water, sewer, heat, gas, garbage removal, electricity
  • Assessor Parcel Number 31-00147-78-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,426

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Fenced Area
  • Subdivision Name: None
  • Reso Interior Features: Cable TV
  • New Construction: No
  • Year Built: 1979
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 75 x 100
  • Location Middle School: Southern Reg
  • Roof Shingled: Yes
  • Lot Description Fenced Area: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Thermal Window: Yes
  • Garage None4: Yes
  • Exterior Storm Door(s): Yes
  • ExteriorDeck: Yes
  • Parking Unpaved: Yes
  • Roof Sloping: Yes
  • General Property Info # Parking Spaces: 2.0
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Exterior Screens2: Yes
  • Unit 1 Water Meter3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle, Sloping
  • Acres: 0.17
  • Waterfront: No
  • Exterior Features: Deck, Storm Door(s), Thermal Window, Screens
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None, Unpaved
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

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

Schools

  • Middle Or Junior School: Southern Reg

Lot Info

  • Lot Dimensions: 75 x 100
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 31-00147-78-00002
  • Zoning Description: Residential, Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5426.0
  • Tax Other Annual Assessment Amount: 230500.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Ocean Acres
  • High School: Southern Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Sep 27, 2023
Sold by
Paco Properties Llc
Bought by
A & A Estates 4 Llc
Seller's Agent
Patricia Ronca
Jason Mitchell Real Estate New Jersey
Buyer's Agent
Michael Harbord
Exit Realty Advantage
List Price
$599,900
Sold Price
$575,000
Premium/Discount to List
-$24,900
-4.15%
Views
134
Current Estimated Value
$611,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,007
Avg. Annual Appreciation
6.81%

Purchase Details

Listed on
Jul 14, 2020
Closed on
Sep 22, 2020
Sold by
Luhan Realty Corporation
Bought by
Paco Properties Llc
Seller's Agent
Efrayim Lax
Keller Williams Realty Monmouth/Ocean
Buyer's Agent
Efrayim Lax
Waxman Realty
List Price
$339,000
Sold Price
$325,000
Premium/Discount to List
-$14,000
-4.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.66%
Original Mortgage
$260,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 28, 2006
Sold by
Nugent Robert and Nugent Marion
Bought by
Luhan Realty Corp
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
A & A Estates 4 Llc $575,000 Chicago Title
Paco Properties Llc $325,000 All Ahead Title Agency
Paco Properties Llc $325,000 All Ahead Title
Luhan Realty Corp $305,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paco Properties Llc $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $575,000 -4.2% $276 / Sq Ft
08/18/2023 08/18/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $599,900 +84.6% $288 / Sq Ft
11/02/2020 11/02/20 Sold $325,000 -4.1% $156 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $339,000 -- $163 / 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
2024 $5,668 $230,500 $74,800 $155,700
2023 $5,426 $230,500 $74,800 $155,700
2022 $5,426 $230,500 $74,800 $155,700
2021 $5,352 $230,500 $74,800 $155,700
2020 $5,359 $230,500 $74,800 $155,700
2019 $5,283 $230,500 $74,800 $155,700
2018 $5,251 $230,500 $74,800 $155,700
2017 $5,280 $224,400 $73,300 $151,100
2016 $5,226 $224,400 $73,300 $151,100
2015 $5,042 $224,400 $73,300 $151,100
2014 $4,966 $218,300 $72,700 $145,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22322080

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 31-00147-78-00002