NOT LISTED FOR SALE

Estimated Value: $318,000 - $490,000

-- Bed
-- Bath
1,605 Sq Ft
$256/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $180,000 $112 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $2,713/month

64 Days on Market

Highlights

  • Porch
  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

About This Home

As of January 2021

Terrific opportunity to own a 100% occupied duplex 1.5 blocks to the beach. Building sq. ft 1605. The 1st floor walk-in unit is 1 bedroom 1 bath, large living room with an extra separate space ideal for an office or play room all of which have been recently upgraded with new flooring and new paint throughout. The 2nd. floor unit is 3 bedroom 1.5 bath including a rear enclosed deck with closet storage. The living room spills into the dining room which leads to the kitchen in the rear of the unit. The washer and dryer are located down a set of steps where a door will lead to the backyard. Tenant occupied. 24 hour notice for all showings.

Last Agent to Sell the Property

Joe Hayoun

BHHS FOX and ROACH-Margate Listed on: 08/19/2020

BHHS FOX and ROACH-Margate

Last Buyer's Agent

SHEYNA RABISKI

Keller Williams Realty Jersey Shore-Ocean City

Keller Williams Realty Jersey Shore-Ocean City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,668

Lot Details

  • 1,481

Home Design

  • Duplex
  • Shingle Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Eat-In Kitchen
  • Laundry Room

Additional Features

  • Porch
  • Lot Dimensions are 18x81.27
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,668

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Lvt Date: 08/19/2020
  • Age: 25+ Years
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Other Rooms: Dining Room, Eat In Kitchen, Kitchen, Laundry/Utility Rm, Living Room

Exterior Features

  • Outside Features: Curbs, Needs Work, Porch, Sidewalks
  • Siding Exterior: Shingle

Utilities

  • Heating: Gas-Natural
  • Sewer: Public Sewer
  • Water: Public

Lot Info

  • Lot Dimensions: 18X81.27

Rental Info

  • Rental Information: 100 Percent Occupancy, Lease Required

Multi Family

  • Number Of Units: 2
  • Separate Meters: Cable Tv

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2020
Closed on
Jan 29, 2021
Sold by
Kenny John
Bought by
Redwood Properties Iii Llc
Seller's Agent
Joe Hayoun
BHHS FOX and ROACH-Margate
Buyer's Agent
SHEYNA RABISKI
Keller Williams Realty Jersey Shore-Ocean City
List Price
$199,900
Sold Price
$180,000
Premium/Discount to List
-$19,900
-9.95%
Current Estimated Value
$411,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,194
Avg. Annual Appreciation
19.86%
Original Mortgage
$135,000
Outstanding Balance
$121,018
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$290,176

Purchase Details

Closed on
Jan 26, 2007
Sold by
Weintraub Matthew
Bought by
Kenny John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 15, 2004
Sold by
Weinstock Diane
Bought by
Weintraus Matthew and Weintraus Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.85%
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
Redwood Properties Iii Llc $180,000 The Title Company
Kenny John $310,000 --
Weintraus Matthew $250,000 --
Weintraus Matthew $250,000 --
Weintraus Matthew $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redwood Properties Iii Llc $135,000
Previous Owner Kenny John $230,175
Previous Owner Kenny John $248,000
Previous Owner Weintraus Matthew $208,000
Closed Weintraus Matthew $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/29/2021 01/29/21 Sold $180,000 -10.0% $112 / Sq Ft
10/22/2020 10/22/20 Pending -- -- --
08/19/2020 08/19/20 For Sale $199,900 0.0% $125 / Sq Ft
03/31/2014 03/31/14 Rented -- -- --
03/01/2014 03/01/14 Under Contract -- -- --
02/13/2014 02/13/14 For Rent -- -- --
02/01/2013 02/01/13 Rented -- -- --
01/02/2013 01/02/13 Under Contract -- -- --
12/23/2012 12/23/12 For Rent -- -- --
06/01/2012 06/01/12 Rented -- -- --
05/02/2012 05/02/12 Under Contract -- -- --
03/06/2012 03/06/12 For Rent -- -- --
Source: South Jersey Shore Regional MLS

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 $5,668 $164,200 $51,700 $112,500
2024 $5,668 $164,200 $51,700 $112,500
2023 $6,202 $164,200 $51,700 $112,500
2022 $6,202 $164,200 $51,700 $112,500
2021 $6,405 $164,200 $51,700 $112,500
2020 $6,460 $164,200 $51,700 $112,500
2019 $6,972 $175,000 $90,000 $85,000
2018 $6,183 $175,000 $90,000 $85,000
2017 $5,987 $175,000 $90,000 $85,000
2016 $7,141 $185,000 $165,000 $20,000
2015 $7,871 $230,000 $200,000 $30,000
2014 $7,700 $230,000 $200,000 $30,000
Source: Public Records

Agents Affiliated with this Home

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Source: South Jersey Shore Regional MLS

MLS Number: 540871

South Jersey Shore Regional MLS

APN: 02-00213-0000-00015