When was property at 516 Lake Terrace built and last sold?

The property at 516 Lake Terrace was built in 2005 and last sold on Jul 28, 2018 for $568,000.

How much is this home worth?

The estimated value of the home located at 516 Lake Terrace is $0.

What are some comparable homes to 516 Lake Terrace?

There are currently no comparable homes to 516 Lake Terrace.

Bradley Beach

07720

Bradley Beach

516 Lake Terrace

$568,000

● House - Off Market

516 Lake Terrace

Bradley Beach, NJ 07720

3 Beds

3 Baths, 1 Half Bath

$915,204

RealtyHop Estimate

51.27%

Since Sep 1, 2018

National-US

Primary Model

About This Property

Welcome home to 516 Lake Terrace. Located four blocks to the beach and within walking distance to Historic Ocean Grove. This beautiful 3 bedroom 2.5 bath home was built in 2005. Home Features include: hardwood floors throughout, decorative molding, second floor laundry, walk in master closet, paver patio, and irrigation system. Riley Court, a cul-de-sac, is located directly behind home. There is an attached garage, private driveway, and additional off-street parking. Don't miss out on this opportunity to own in Bradley Beach.

Unit Size

Days on Market

Land Size

Price per sqft

Property Type

House

Property Taxes

$573

HOA Dues

Year Built

2005

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MOMLS #21817002)

Price History

Date / Event	Date	Event
Aug 22, 2018	No longer available	-
No longer available
Aug 3, 2018	Sold	Premium
Sold
Jun 13, 2018	Listed	$605,000
Listed

	Welcome home to 516 Lake Terrace. Located four blocks to the beach and within walking distance to Historic Ocean Grove. This beautiful 3 bedroom 2.5 bath home was built in 2005. Home Features include: hardwood floors throughout, decorative molding, second floor laundry, walk in master closet, paver patio, and irrigation system. Riley Court, a cul-de-sac, is located directly behind home. There is an attached garage, private driveway, and additional off-street parking. Don't miss out on this opportunity to own in Bradley Beach.
May 3, 2018	Listed by The Connolly Agency	$605,000
Listed by The Connolly Agency

Property Highlights

Parking Available

Garage

Air Conditioning

Building Info

Overview

General

Year Built: 2005

Effective Year Built: 2005
Building Count: 1
Total Rooms: 6
Bedroom Count: 3
Bathroom Count: 3
Full Bathrooms: 2
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 0
Construction Type: 0
Building Style: 5
Exterior Walls Type: 19
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 20
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 1
Garage Square Area: 220
Parking Space Count: 1
Patio Type: 20
Porch Type: 7
Pool Type: 0

Dimensions

Lot Size Square Feet: 3,426

Lot Size Depth Feet: 1,044
Lot Size Frontage Feet: 328
Total Building Area: 1,778
Building Area: 1,778
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 13

Heating: 4
Heated Square Feet: 1,778
Heating Fuel Type: 0

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Land Acres: 0000000079
Standard Land Use Code: 1001
County Land Use Code: 2

Neighborhood

School District Name: Bradley Beach Borough School District

Census Tract: 808201

Zoning

Zoning: SF05

Geography

Account Number: B 1

District: 08
Parcel: 08 00004- 01-00003
Block: 4.01
Lot: 3
Municipality: BRADLEY BEACH BORO
Latitude: 40.2079
Longitude: -74.0143

Address

Full Address: 516 Lake Ter

Address - House Number: 516
Address - Street Name: Lake
Address - Suffix Type: Ter
State: NJ
City Name: Bradley Beach
Carrier Code: C001
4-Digit Zip Code: 1569
Zip Code: 07720

Valuation

Tax

Tax Year: 2023

Tax Amount: $719,328

Appraisal Valuation

Standard Deviation: 0.1693

Valuation Date: Apr 03, 2024
Confidence Score: 78
Final Value: 865,152
High Value: 1,011,634
Low Value: 718,670

Market Valuation

Market Total Value: $762,000

Market Land Value: $383,600
Market Improvement Value: $378,400

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $762,000
Assessed Land Value: $383,600
Assessed Improvements Value: $378,400

Sales

Current Sale Contract Date: Jul 28, 2018

Current Sale Recording Date: Aug 15, 2018
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 2018081492
Previous Sale Recording Date: Aug 18, 2004
Previous Sale Contract Date: Aug 09, 2004
Previous Sale Amount: $451,000
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium

Financing

First Mortgage Financing Type: FIX

Previous Mortgages

Previous Mortgage Lender:

Premium

Previous Mortgage Transaction Date:

Premium
Previous Mortgage Loan Amount:

Premium
Previous Mortgage Term:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Bradley Beach

Stats & Trends

Median Asking:

$975,000

Sale Price/ft²

$790

Below Asking

0.03%

Average Days on Market

Average Home Size

1105 ft²

Average Home Age

96.5 years

Currently For Sale

9 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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$3,550 /mo

1 Bed
1 Bath
729 ft²

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Unit for rent at 700 Bangs Avenue, Asbury Park, NJ, 07712

$3,250 /mo

1 Bed
2 Baths
930 ft²

700 Bangs Avenue #207, Asbury Park, NJ, 07712 Listing by Elizabeth L McGillan

Unit for rent at 56 Franklin Avenue, Ocean Grove, NJ, 07756

$3,500 /mo

2 Beds
1 Bath
856 ft²

56 Franklin Avenue, Ocean Grove, NJ, 07756 Listing by Denise Sherman-Pula

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Jesse Decker, The Connolly Agency
Last Updated: 3 years ago
Data Source: MOMMLS, MLS# 21817002

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

516 Lake Terrace

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Bradley Beach

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions