Sold Oct 15, 2021
$700,000
Buyer
$574,000
by Lendsure Mortgage Corp
Mortgage Due Oct 01, 2051
Sold Apr 09, 2004
$175,000
Buyer
Seller
$65,000
by Cendant Mtg
Mortgage
505 5th Avenue has been categorized by the local assessors in Bradley Beach, NJ as a residential type of property.
The building on the property was first built in 1924 and is 100 years old.
The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms.
Residents will have access to one full bathroom.
There is one partial bathroom in the home.
This is a single story building so stairs are not necessary to access other parts of the home.
In addition, 505 5th Avenue has 1,220 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.
The linear feet between the front and back of the lot is 1,500 ft and across the front of the lot is 500 ft.
The area measurement of the land has been determined as 7,500 square feet.
Fans of architecture and design would be interested in knowing that the building on the property was built in a bungalow style.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 505 5th Avenue was last sold in Sep 15, 2021 for $700,000. According to our calculations, that's $573.77 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Mar 15, 2004. Current property owners are expected to pay $8,730 in taxes per year. The property on 505 5th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $924,800. To break that down further, the land itself was valued at $612,000. While improvements to the property were assessed at a total of $312,800. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying both a open porch and a patio. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable style roof made of shingle (not wood). The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 505 5th Avenue was last sold in Sep 15, 2021 for $700,000. According to our calculations, that's $573.77 per sqft. Prior to that sales transaction, the property was sold for $175,000 in Mar 15, 2004. Current property owners are expected to pay $8,730 in taxes per year. The property on 505 5th Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $924,800. To break that down further, the land itself was valued at $612,000. While improvements to the property were assessed at a total of $312,800. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.