NOT LISTED FOR SALE

905 16th Ave Belmar, NJ 07719

Estimated Value: $761,000 - $835,000

5 Beds
3 Baths
1,972 Sq Ft
$399/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $605,000 $307 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,906/month

185 Days on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 3-minute walk to Dempsey Park

About This Home

As of May 2023

These two single-owner homes sit on a large lot in this hot Belmar neighborhood. It's ready for the next owners to bring it into the 21st century. Lots of parking on this nice sized property (46 x166) Tenant occupied with month to month leases and being sold as-is. Separately metered. Limited showing times.

Last Agent to Sell the Property

Richard Schlossbach

C21/ Schlossbach Realty License #2185657 Listed on: 10/31/2022

Last Buyer's Agent

NON MEMBER

VRI Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,230

Year Built

  • Built in 1920

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 46 x 166

Home Design

  • Duplex
  • Shingle Roof
  • Aluminum Siding
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 1,972 Sq Ft Home
  • Partial Basement
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Schools

  • Belmar Elementary And Middle School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Furnace
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Insurance Expense $1,900

Listing and Financial Details

  • Tenant pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 07-00168-0000-00003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,230

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1920
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 46 x 166
  • Location Middle School: Belmar
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • SidingAluminum: Yes
  • Siding Stucco - Cement: Yes
  • General Property Info # Parking Spaces: 4.0
  • Unit 1 Water Heater: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Income Expenses Insurance Expense: 1900.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Partial
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Basement:Partial: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.18
  • Waterfront: No
  • Construction Type: Aluminum Siding, Stucco
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Lot Dimensions: 46 x 166
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 07-00168-0000-00003
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 5230.0
  • Tax Other Annual Assessment Amount: 385400.0

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 1900.0

MLS Schools

  • Elementary School: Belmar

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2022
Closed on
Mar 30, 2023
Sold by
Aquilino Nicholas
Bought by
Saigal Puneet and Saigal Jaya
Seller's Agent
Richard Schlossbach
C21/ Schlossbach Realty
Buyer's Agent
NON MEMBER
VRI Homes
List Price
$650,000
Sold Price
$605,000
Premium/Discount to List
-$45,000
-6.92%
Views
397
Current Estimated Value
$813,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,377
Avg. Annual Appreciation
13.84%
Original Mortgage
$242,000
Outstanding Balance
$236,221
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$575,736

Purchase Details

Closed on
Mar 29, 2016
Sold by
Green Nancy C and Green William C
Bought by
Digironimo Anthony R and Digironimo Nicole A

Purchase Details

Closed on
Jun 30, 1997
Sold by
Johnson Julie
Bought by
Aquilino Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
7.7%
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
Saigal Puneet $605,000 Westcor Land Title
Digironimo Anthony R $380,000 Wfg National Title
Aquilino Nicholas $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saigal Puneet $242,000
Previous Owner Aquilino Nicholas $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $605,000 -6.9% $307 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $650,000 0.0% $330 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
10/31/2022 10/31/22 For Sale $650,000 -- $330 / 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 $5,419 $385,400 $189,400 $196,000
2023 $5,419 $385,400 $189,400 $196,000
2022 $5,230 $385,400 $189,400 $196,000
2021 $5,184 $385,400 $189,400 $196,000
2020 $5,184 $385,400 $189,400 $196,000
2019 $5,184 $385,400 $189,400 $196,000
2018 $4,760 $385,400 $189,400 $196,000
2017 $4,644 $385,400 $189,400 $196,000
2016 $3,975 $208,000 $76,700 $131,300
2015 $3,819 $199,000 $67,700 $131,300
2014 $4,199 $217,000 $85,700 $131,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Richard Schlossbach

    C21/ Schlossbach Realty

    (917) 922-2462

    1 in this area

    3 Total Sales

    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

    VRI Homes

  • N

    Buyer's Agent in 2023

    NON MEMBER MORR

    NON MEMBER

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22233876

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00168-0000-00003

New Jersey Monmouth County Belmar 07719

905 16th Ave, Belmar, NJ

This home is located at 905 16th Ave, Belmar, NJ 07719 since 31 October 2022 and is currently estimated at $786,025, approximately $398 per square foot. This property was built in 1920. 905 16th 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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