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954 Lagoon Lane South

954 Lagoon Lane South, Mantoloking, NJ 08738
Property in Mantoloking
Sold Feb 07, 2017
$3,900,000
$2,000,000 by Bank Of America
Mortgage Due Feb 01, 2047
Sold Dec 19, 1994
$950,000
$750,000 by Summit Bank
Mortgage
Local assessors in Mantoloking, NJ have categorized 954 Lagoon Lane South as a residential type of property. The home was built in 1997 and is 27 years old. The property's lot size has been calculated to be 8,750 square feet. The linear feet between the front and back of the lot was measured at 1,750 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 0 rooms in the home. Of these, 5 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 6 full bathrooms. There are also 6 partial bathrooms. This is a 3 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 954 Lagoon Lane South has a total of 4,986 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 asphalt. The home's a forced air unit is the primary heating source and it is being fueled with gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 954 Lagoon Lane South was last sold in Dec 22, 2016 for $3,900,000. According to our calculations, that's $782.19 per sqft. Prior to that sales transaction, the property was sold for $950,000 in Dec 13, 1994. Current property owners are expected to pay $26,460 in taxes per year. The property on 954 Lagoon Lane South was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $3,780,000. To break that down further, the land itself was valued at $1,856,500. While improvements to the property were assessed at a total of $1,923,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Construction Type: Frame
  • Building Style: Colonial
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,750
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 500
  • Total Building Area: 4,986
  • Building Area: 4,986
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 4,986
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.201
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ADDITIONAL LOTS: 13.01

Ownership

  • Current Owner : VESSA PAUL
  • Current Owner 2: VESSA KIMBERLEY
  • Previous Owner : WRIGHT MARTHA T
  • Previous Owner 2: WRIGHT HERBERT H
  • Owner Before Previous Owner: POLLEY CYRUS
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Point Pleasant Beach Borough School District
  • Census Tract: 739200

Zoning

  • Zoning: R-5B

Geography

  • Assessors Map Reference: TAX MAP 1
  • District: 20
  • Parcel: 20 00019-0000-00013
  • Block: 19
  • Lot: 13
  • Municipality: MANTOLOKING BORO
  • Latitude: 40.055
  • Longitude: -74.0506

    Address

  • Full Address: 954 Lagoon Ln S
  • Address - House Number: 954
  • Street Segment Direction: S
  • Address - Street Name: Lagoon
  • Address - Suffix Type: Ln
  • State: NJ
  • City Name: Mantoloking
  • Carrier Code: C001
  • 4-Digit Zip Code: 1819
  • Zip Code: 08738

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,460

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,000,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA
  • First Open Lien Mortgage Recording Date: Feb 07, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • 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, 2047

    Market Valuation

  • Market Total Value: $3,780,000
  • Market Land Value: $1,856,500
  • Market Improvement Value: $1,923,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,780,000
  • Assessed Land Value: $1,856,500
  • Assessed Improvements Value: $1,923,500

    Sales

  • Current Sale Contract Date: Dec 22, 2016
  • Current Sale Recording Date: Feb 07, 2017
  • Current Sale Transaction ID: 1958799977
  • Current Sale Price: $3,900,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017013776
  • Previous Sale Recording Date: Dec 19, 1994
  • Previous Sale Contract Date: Dec 13, 1994
  • Previous Sale Amount: $950,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA
  • First Mortgage Transaction Date: Feb 07, 2017
  • First Mortgage Loan Amount: $2,000,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2047

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SUMMIT BANK
  • Previous Mortgage Transaction Date: Dec 19, 1994
  • Previous Mortgage Loan Amount: $750,000
  • Previous Mortgage Term: 360

About Mantoloking



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Frequently Asked Questions

What neighborhood is 954 Lagoon Lane South located in?
The 954 Lagoon Lane South is a located in the neighborhood of Mantoloking in Mantoloking, Mantoloking.
What is the average sales price for listings in 954 Lagoon Lane South?
The average sales price for units in 954 Lagoon Lane South is $0 currently.

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