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56 3rd Avenue

56 3rd Avenue, Atlantic Highlands, NJ 07716
Multifamily in Atlantic Highlands
Sold Feb 04, 2020
$501,000
$425,850 by Residential Home Funding Corp
Mortgage Due Feb 01, 2050
Local assessors in Atlantic Highlands, NJ have categorized 56 3rd Avenue as a residential type of property. The home was built in 1905 and is 119 years old. The property's lot size has been calculated to be 5,000 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 10 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 56 3rd Avenue has a total of 1,798 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 899 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of shingle (not wood). The home's a hot water heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 56 3rd Avenue sold most recently in Dec 26, 2019 for a total of $501,000. If you work out the math, that's approximately a cost of $278.64 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,692 in taxes each year. 56 3rd Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $508,900. If we break it down further, the land itself was valued at $275,000. Improvements to the property, however, were assessed at a total of $233,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Cedar Siding

Parking

Off Street Parking
On-Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Colonial
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 899
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,798
  • Building Area: 1,798
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,798
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : WAREHIME DUANE
  • Current Owner 2: WAREHIME ELISE
  • Previous Owner : VARONE TIMOTHY J
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Henry Hudson Regional School District
  • Census Tract: 800200

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: TAX MAP 24
  • Account Number: 01108005
  • District: 05
  • Parcel: 05 00094-0000-00002
  • Block: 94
  • Lot: 2
  • Municipality: ATLANTIC HIGHLANDS BORO
  • Latitude: 40.4129
  • Longitude: -74.036

    Address

  • Full Address: 56 3rd Ave
  • Address - House Number: 56
  • Address - Street Name: 3rd
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Atlantic Highlands
  • Carrier Code: C002
  • 4-Digit Zip Code: 1207
  • Zip Code: 07716

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,692

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 700,759
  • High Value: 833,661
  • Low Value: 567,857

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $425,850
  • First Open Lien Mortgage Lender: RESIDENTIAL HOME FUNDING CORP
  • First Open Lien Mortgage Recording Date: Feb 04, 2020
  • First Open Lien Mortgage Loan Amount: $425,850
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2050

    Market Valuation

  • Market Total Value: $508,900
  • Market Land Value: $275,000
  • Market Improvement Value: $233,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $508,900
  • Assessed Land Value: $275,000
  • Assessed Improvements Value: $233,900

    Sales

  • Current Sale Contract Date: Dec 26, 2019
  • Current Sale Recording Date: Feb 04, 2020
  • Current Sale Transaction ID: 11730608023
  • Current Sale Price: $501,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020012956

    Last Sale Mortgage

  • First Mortgage Lender: RESIDENTIAL HOME FUNDING CORP
  • First Mortgage Transaction Date: Feb 04, 2020
  • First Mortgage Loan Amount: $425,850
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

About Atlantic Highlands



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1 Scenic Drive #PH1, Highlands, NJ, 07732 Listing by MICHAEL SCHNEIDER

Frequently Asked Questions

What neighborhood is 56 3rd Avenue located in?
The 56 3rd Avenue is a multifamily located in the neighborhood of Atlantic Highlands in Atlantic Highlands, Atlantic Highlands.
What is the average sales price for listings in 56 3rd Avenue?
The average sales price for units in 56 3rd Avenue is $0 currently.

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