NOT LISTED FOR SALE

912 16th Ave Belmar, NJ 07719

Estimated Value: $687,508 - $758,000

4 Beds
2 Baths
1,430 Sq Ft
$503/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $425,000 $297 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,130/month

18 Days on Market

Highlights

  • Zoned Heating and Cooling
  • 2 Car Garage
  • 4-minute walk to Dempsey Park

About This Home

As of July 2020

Rare opportunity to own this money making 2 family just minutes from the beach and all the summer fun,.

Low property taxes, not in a flood zone, and no damage from Hurricane Sandy. This property presents several options for the smart buyer. Can be used as an annual rental, summer rental, or even a mother/ daughter. Front unit has open concept kitchen/dining room/living room on first floor, with 2 bedrooms, full bathroom, & attic upstairs. Back unit has kitchen, 2 bedrooms and full bath, all on first floor. House has separate gas and electric meters for each unit and separate electric meter for the garage.Great location for summer fun, with fishing, paddle boarding, and kayak rentals just around the corner at the L st. beach. Atlantic Ocean a 5 minute bike ride away.

Last Agent to Sell the Property

Irene Allegro

Allegro Agency License #7837803 Listed on: 02/06/2020

Last Buyer's Agent

Jacqueline Clark

Prudential Zack Shore Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,547

Year Built

  • Built in 1930

Lot Details

  • 5,009

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Basement
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Belmar Middle School
  • Manasquan High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: all personal items belonging to the tenant
  • Assessor Parcel Number 07-00148-0000-00015-01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,547

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1930
  • 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
  • Location Middle School: Belmar
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Gas Stove: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: all personal items belonging to the tenant

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 2 Zoned AC
  • Cooling Y N: Yes
  • Heating: 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Belmar

Lot Info

  • Parcel #: 07-00148-0000-00015-01

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3547.0
  • Tax Other Annual Assessment Amount: 287200.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Manasquan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Jul 16, 2020
Sold by
J L Calgage Llc
Bought by
Charette Tyler D
Seller's Agent
Irene Allegro
Allegro Agency
Buyer's Agent
Jacqueline Clark
Prudential Zack Shore Properties
List Price
$449,900
Sold Price
$425,000
Premium/Discount to List
-$24,900
-5.53%
Current Estimated Value
$718,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,877
Avg. Annual Appreciation
10.24%
Original Mortgage
$341,880
Outstanding Balance
$303,719
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$415,158

Purchase Details

Closed on
Sep 15, 2008
Sold by
United Redevelopment Llc
Bought by
J & L Calgage Llc

Purchase Details

Closed on
May 12, 2006
Sold by
Kramsky Glenn
Bought by
United Redevelopment Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,500
Interest Rate
6.14%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 11, 2006
Sold by
Roeslein Cynthia
Bought by
Kramsky Glenn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,500
Interest Rate
6.14%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Charette Tyler D $420,000 Coastal Title Agency
J & L Calgage Llc $340,000 Fidelity Natl Title Ins Co
United Redevelopment Llc -- --
Kramsky Glenn $401,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Charette Tyler D $341,880
Previous Owner Kramsky Glenn $60,500
Previous Owner Kramsky Glenn $321,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $425,000 -5.5% $297 / Sq Ft
02/24/2020 02/24/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $449,900 -- $315 / 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 $4,179 $287,200 $159,800 $127,400
2024 $4,038 $287,200 $159,800 $127,400
2023 $4,038 $287,200 $159,800 $127,400
2022 $3,897 $287,200 $159,800 $127,400
2021 $3,897 $287,200 $159,800 $127,400
2020 $3,863 $287,200 $159,800 $127,400
2019 $3,863 $287,200 $159,800 $127,400
2018 $3,547 $287,200 $159,800 $127,400
2017 $3,461 $287,200 $159,800 $127,400
2016 $3,512 $183,800 $66,600 $117,200
2015 $3,354 $174,800 $57,600 $117,200
2014 $3,731 $192,800 $75,600 $117,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22004996

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00148-0000-00015-01