See Home Value
$1,260,979*
House - Off Market

124 Lake Terrace

Bradley Beach, NJ 07720
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2560 Sqft
$774,000 - $946,000
Reference Base Price*
46.63%
Since Sep 1, 2019
National-US
Primary Model
Sold Nov 12, 2019
$810,000
$500,000 by Penn Community Bank
Mortgage Due Oct 01, 2049
Sold Apr 02, 2007
$452,000

About This Property

This custom 2500 sq foot home in Bradley Beach features a spacious open floor plan. It's three open porches maximize both the lake and OCEANVIEWS! Located just one block to the beach, this 2 bedroom PLUS 12 x 10 DEN WITH CLOSET home features hardwood floors, cathedral ceilings with skylights, a double sided gas fireplace, two zone heat and central air, central vac and speakers for sound.   Designer kitchen with granite surfaces and cherry cabinetry. Its proximity to the beach,  Ocean Grove, and  the shopping and nightlife in Asbury Park make this home your perfect Summer home or year round residence.

The manager has listed the unit size as 2560 square feet.
Unit Size
2,560Ft²
Days on Market
-
Land Size
-
Price per sqft
$336
Property Type
House
Property Taxes
$10,233
HOA Dues
-
Year Built
1994

Price History

Date / Event Date Event Price
Nov 12, 2019 Sold to Bob Schreck, Eileen Flynn $810,000
Sold to Bob Schreck, Eileen Flynn
Aug 11, 2019 No longer available -
No longer available
May 20, 2019 Listed $860,000
Listed
Apr 2, 2007 Sold to Gail Natale, Leonard Natale $452,000
Sold to Gail Natale, Leonard Natale

Property Highlights

Fireplace
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Open porch
  • Pool Type: Spa or hot tub (only)

    Dimensions

  • Lot Size Square Feet: 2,024
  • Lot Size Depth Feet: 920
  • Lot Size Frontage Feet: 220
  • Total Building Area: 2,092
  • Building Area: 2,092
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,092
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.046
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SCHRECK BOB
  • Current Owner 2: FLYNN EILEEN
  • Previous Owner : MERKLINGHAUS BRUCE
  • Previous Owner 2: MERKLINGHAUS MARGARET
  • Owner Before Previous Owner: MERKLINGHAUS MARGARET
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Bradley Beach Borough School District
  • Census Tract: 808202

Zoning

  • Zoning: R-B

Geography

  • Account Number: 15
  • District: 08
  • Parcel: 08 00011-0000-00033
  • Block: 11
  • Lot: 33
  • Municipality: BRADLEY BEACH BORO
  • Latitude: 40.2076
  • Longitude: -74.0074

    Address

  • Full Address: 124 Lake Ter
  • Address - House Number: 124
  • Address - Street Name: Lake
  • Address - Suffix Type: Ter
  • State: NJ
  • City Name: Bradley Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 1522
  • Zip Code: 07720

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,499

    Appraisal Valuation

  • Standard Deviation: 0.1707
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 1,201,006
  • High Value: 1,406,030
  • Low Value: 995,982

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: PENN COMMUNITY BANK
  • First Open Lien Mortgage Recording Date: Nov 12, 2019
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2049

    Market Valuation

  • Market Total Value: $1,112,200
  • Market Land Value: $606,900
  • Market Improvement Value: $505,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,112,200
  • Assessed Land Value: $606,900
  • Assessed Improvements Value: $505,300

    Sales

  • Current Sale Contract Date: Oct 01, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Transaction ID: 11704612350
  • Current Sale Price: $810,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019105638
  • Previous Sale Recording Date: Apr 02, 2007
  • Previous Sale Contract Date: Mar 05, 2007
  • Previous Sale Amount: $452,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENN COMMUNITY BANK
  • First Mortgage Transaction Date: Nov 12, 2019
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Oct 01, 2049



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
2,151 ft²
$442/ft²
$950,000 Aug 30, 2017
$950,000 Oct 13, 2017
-
House
3 Beds
3 Baths
1,660 ft²
$496/ft²
$823,000 Jul 6, 2017
$823,000 Aug 15, 2017
-
House
6 Beds
7 Baths
2,667 ft²
$274/ft²
$730,000 Nov 4, 2015
$730,000 Apr 22, 2016
-
House
3 Beds
2 Baths
1,170 ft²
$635/ft²
$742,500 May 12, 2023
$742,500 Jun 26, 2023
-
House
3 Beds
2 Baths
1,260 ft²
$587/ft²
$740,000 Sep 11, 2023
$740,000 Nov 13, 2023
-
House
5 Beds
3 Baths
2,052 ft²
$426/ft²
$875,000 Mar 7, 2019
$875,000 May 29, 2019
-
House
3 Beds
3 Baths
1,512 ft²
$528/ft²
$799,000 Jan 11, 2024
-
$833/mo
House
3 Beds
3 Baths
1,565 ft²
$440/ft²
$689,000 Jan 10, 2024
-
$996/mo
House
3 Beds
1.5 Baths
1,248 ft²
$656/ft²
$819,000 Dec 8, 2023
-
$613/mo
House
3 Beds
2 Baths
1,212 ft²
$619/ft²
$749,999 Dec 15, 2023
-
$939/mo
House
3 Beds
2 Baths
1,214 ft²
$658/ft²
$799,000 Jan 17, 2024
-
$1,221/mo
House
3 Beds
1.5 Baths
986 ft²
$912/ft²
$899,000 Nov 16, 2023
-
$1,003/mo

About Bradley Beach


Similar Homes for Sale

Unit for sale at 63 Asbury Avenue, Ocean Grove, NJ 07756

$899,000

  • 3 Beds
  • 1.5 Baths
  • 986 ft²
63 Asbury Avenue, Ocean Grove, NJ 07756 Listing by Gary Huizenga
Unit for sale at 24 Atlantic Avenue, Ocean Grove, NJ 07756

$799,000

  • 3 Beds
  • 2 Baths
  • 1,214 ft²
24 Atlantic Avenue, Ocean Grove, NJ 07756 Listing by Thea Bowers
Unit for sale at 102 Cookman Avenue, Ocean Grove, NJ 07756

$749,999

  • 3 Beds
  • 2 Baths
  • 1,212 ft²
102 Cookman Avenue, Ocean Grove, NJ 07756 Listing by Nicole Richman

Nearby Rentals

Unit for rent at 400 4th Avenue, Belmar, NJ, 07719

$6,400 /mo

  • 4 Beds
  • 3 Baths
  • 1,859 ft²
400 4th Avenue, Belmar, NJ, 07719 Listing by Linda Sharkus
Unit for rent at 1101 Ocean Avenue, Asbury Park, NJ, 07712

$9,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,400 ft²
1101 Ocean Avenue #704, Asbury Park, NJ, 07712 Listing by Kenneth Rickel
Unit for rent at 601 Heck Street, Asbury Park, NJ, 07712

$6,750 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,200 ft²
601 Heck Street #401, Asbury Park, NJ, 07712 Listing by Amy DeAngelo


Frequently Asked Questions

When was property at 124 Lake Terrace built and last sold?
The property at 124 Lake Terrace was built in 1994 and last sold on Oct 1, 2019 for $810,000.
How much is this home worth?
The estimated value of the home located at 124 Lake Terrace is $865,548.
What are some comparable homes to 124 Lake Terrace?
There are currently no comparable homes to 124 Lake Terrace.

Quantcast