NOT LISTED FOR SALE

Estimated Value: $521,000

0.1 Acre
$5,210,000 Price per Acre
4,356 Sq Ft Lot

Last Sold January 18, 2023

Last sale price $55,000

Est. 847% increase in value since last sale

Current estimated payment $2,981/month

217 Days on Market

About This Lot

As of January 2023

Private, waterfront building lot overlooking Luppatatong Creek. Public water, sewer and electric on site.

Last Listed By

Jeffrey Cruz

Weichert Realtors-Rumson License #1223827 Listed on: 05/25/2022

Weichert Realtors-Rumson

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $351

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 50 x 85
  • Waterfront
  • Street terminates at a dead end

Schools

  • Central Middle School

Utilities

  • Electricity To Lot Line
  • Gas Available at Street

Additional Features

  • Water Views
  • Creek On Lot

Listing and Financial Details

  • Assessor Parcel Number 24-00022-0000-00061

Property Details

Property Type

Land

Est. Annual Taxes

$351

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Creek, Dead End Street
  • Subdivision Name: None
  • General Property Info Waterview: Yes
  • General Property Info Acreage: 0.1
  • General Property Info Lot Dimensions: 50 x 85
  • Location Middle School: Central
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Gas At Street3: Yes
  • Lot Description Dead End Street: Yes
  • Lot Description Creek2: Yes
  • Electric On Site2: Yes
  • Special Features: None

Exterior Features

  • Acres: 0.1
  • Waterfront: Yes

Schools

  • Middle Or Junior School: Central

Lot Info

  • Lot Dimensions: 50 x 85
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 24-00022-0000-00061
  • Zoning Description: Single Family, Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 351.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2022
Closed on
Dec 28, 2022
Sold by
Weber Raymond C and Weber Ursula E
Bought by
Ocean Bay 500 Llc
Seller's Agent
Jeffrey Cruz
Weichert Realtors-Rumson
Buyer's Agent
Carole Kubis
EXP Realty
List Price
$89,000
Sold Price
$55,000
Premium/Discount to List
-$34,000
-38.2%
Total Days on Market
217
Views
107
Current Estimated Value
$521,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,000
Avg. Annual Appreciation
143.89%
Original Mortgage
$350,000
Interest Rate
6.48%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 21, 1988
Bought by
Weber Raymond and Weber Ursula E

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
Ocean Bay 500 Llc $55,000 Old Republic Title
Weber Raymond $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ocean Bay 500 Llc $12,500
Previous Owner Ocean Bay 500 Llc $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2023 01/18/23 Sold $55,000 -38.2% --
01/14/2023 01/14/23 For Sale $89,000 0.0% --
12/28/2022 12/28/22 Pending -- -- --
07/06/2022 07/06/22 Price Changed $89,000 -10.1% --
05/24/2022 05/24/22 For Sale $99,000 -- --
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 $950 $57,100 $57,100 $0
2023 $950 $43,200 $43,200 $0
2022 $351 $15,000 $15,000 $0
2021 $351 $13,900 $13,900 $0
2020 $341 $13,400 $13,400 $0
2019 $328 $12,900 $12,900 $0
2018 $335 $12,900 $12,900 $0
2017 $323 $12,400 $12,400 $0
2016 $321 $12,400 $12,400 $0
2015 $283 $10,900 $10,900 $0
2014 $216 $8,400 $8,400 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22215832

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 24-00022-0000-00061