See Home Value
Lavallette 08735
114 Newark Avenue
$1,305,000
Multifamily - Off Market

114 Newark Avenue

Lavallette, NJ 08735
bedrooms
3 Beds
bathrooms
2 Baths
$1,369,885
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Pristine 2-Family nestled comfortably in the cozy shore town of LAVALLETTE. Low taxes, mile-long boardwalk along the ocean & a bayside bathing beach make Lavallette a top destination for summer vacationers! Both homes are completely renovated & updated - Main home is 3 BRs / 2 BTHs and fully equipped. Rear house is a 1 bedroom studio with kitchen & bath and covered porch. Both houses can be rented separately but are currently being rented as a compound for weekly summer vacations. Fenced yard with gazebo, fire pit and enclosed outside shower for that full summer experience. Extra deep driveway, detached garage, plenty of storage under front house...the list goes on & on. Rentals booked 2023 - Limited Saturday showings until 8/26.
Unit Size
-
Days on Market
82 days
Land Size
0.11 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$424
HOA Dues
-
Year Built
1960
Last updated: 8 days ago (MOMLS #22319270)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold to David Lovvoll, Vikki Lovvoll $1,305,000
Sold to David Lovvoll, Vikki Lovvoll
Jul 12, 2023 Listed by RE/MAX at Barnegat Bay $1,375,000
Listed by RE/MAX at Barnegat Bay
Feb 14, 2008 Sold to David Fusco, Sandra Conte $615,000
Sold to David Fusco, Sandra Conte

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,645
  • Building Area: 1,645
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,645
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Land Acres: 0.115

Ownership

  • Current Owner : LOVVOLL DAVID
  • Current Owner 2: LOVVOLL VIKKI
  • Previous Owner : FUSCO DAVID
  • Previous Owner 2: FUSCO SANDRA
  • Owner Before Previous Owner: TABANO RICHARD V
  • Is Owner Occupied: unknown

Neighborhood

  • School District Name: Lavallette Borough School District
  • Census Tract: 727001

Geography

  • District: 16
  • Parcel: 16 00050- 02-00021
  • Block: 50.02
  • Lot: 21
  • Municipality: LAVALLETTE BORO
  • Latitude: 39.9614
  • Longitude: -74.0725

    Address

  • Full Address: 114 Newark Ave
  • Address - House Number: 114
  • Address - Street Name: Newark
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Lavallette
  • Carrier Code: C001
  • 4-Digit Zip Code: 2709
  • Zip Code: 08735

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,093

    Appraisal Valuation

  • Standard Deviation: 0.0901
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 1,408,931
  • High Value: 1,535,960
  • Low Value: 1,281,902

    Market Valuation

  • Market Total Value: $596,400
  • Market Land Value: $375,000
  • Market Improvement Value: $221,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596,400
  • Assessed Land Value: $375,000
  • Assessed Improvements Value: $221,400

    Sales

  • Current Sale Contract Date: Sep 26, 2023
  • Current Sale Recording Date: Oct 16, 2023
  • Current Sale Transaction ID: 11914677590
  • Current Sale Price: $1,305,000
  • Current Sale Document Type: unknown
  • Current Sale Input Document Number: 77520
  • Previous Sale Recording Date: Feb 14, 2008
  • Previous Sale Contract Date: Feb 08, 2008
  • Previous Sale Amount: $615,000
  • Previous Sale Document Type: unknown

    Previous Mortgages

  • Previous Mortgage Lender: OCEANFIRST BANK
  • Previous Mortgage Transaction Date: Feb 14, 2008
  • Previous Mortgage Financing Type: unknown
  • Previous Mortgage Loan Amount: $492,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: unknown
  • Previous Mortgage Loan Due Date: Mar 01, 2038



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,645 ft²
$793/ft²
$1,305,000 Jul 12, 2023
$1,305,000 Oct 2, 2023
$424/mo
House
3 Beds
2 Baths
-
$1,155,000 Jun 7, 2021
$1,155,000 Sep 21, 2021
$619/mo
House
4 Beds
3 Baths
-
$1,560,000 Jun 1, 2022
$1,560,000 Aug 25, 2022
$505/mo
Condo
4 Beds
3 Baths
1,600 ft²
$706/ft²
$1,130,000 Aug 5, 2023
$1,130,000 Nov 17, 2023
$320/mo
House
4 Beds
3 Baths
2,072 ft²
$574/ft²
$1,190,000 Oct 10, 2022
$1,190,000 Mar 17, 2023
$499/mo
House
4 Beds
3 Baths
2,300 ft²
$512/ft²
$1,177,500 Dec 11, 2020
$1,177,500 Feb 16, 2021
$741/mo
Condo
3 Beds
2 Baths
-
$1,299,000 Feb 21, 2024
-
-
House
4 Beds
2 Baths
2,101 ft²
$713/ft²
$1,499,000 May 10, 2024
-
$629/mo
Condo
4 Beds
3 Baths
1,763 ft²
$936/ft²
$1,650,000 May 6, 2024
-
$363/mo
House
4 Beds
3 Baths
2,706 ft²
$591/ft²
$1,599,000 Jan 12, 2024
-
$594/mo
Condo
4 Beds
3 Baths
-
$1,199,000 Apr 18, 2024
-
$2,918/mo
House
4 Beds
3 Baths
-
$1,550,000 Apr 15, 2024
-
$783/mo

About Lavallette


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Frequently Asked Questions

When was property at 114 Newark Avenue built and last sold?
The property at 114 Newark Avenue was built in 1960 and last sold on Sep 26, 2023 for $1,305,000.
How much is this home worth?
The estimated value of the home located at 114 Newark Avenue is $1,388,750.
What are some comparable homes to 114 Newark Avenue?
There are currently no comparable homes to 114 Newark Avenue.

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