House For Sale

$359,000

HOA
$59/mo.

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32 E Penguin Way
Lavallette, NJ 08735

  • 2 beds
  • 1 bath
  • 520 sqft
  • 1,600 sqft lot
  • $690 per sqft
  • 1952 build
  • on site

Ocean Beach 2 bedroom cottage with great oceanblock location. Some features include a/c, tile floors, wainscoting, and granite counters. This open layout cottage feels very spacious and most furniture stays. Real wood burning fireplace adds to the charm of this very nice cottage! There is a rental history and the lease can be a tax write off when its rented seasonally.

Listing courtesy of MOMLS / Jillian Venneman / Diane Turton, Realtors-Lavallette

Last checked: Checking… • Last updated Jul 28, 2021 •

MLS# 22118074 —

Amenities & Taxes

The Building

Year Built:
1952
Style:
Cottage/Bungalow
Sub-Type:
Detached
Levels:
1.0
Roof:
Shingled
Exterior:
Outdoor Shower
Apx Sq Ft:
520.00

Interior

Rooms:
4
Kitchen:
Floor - Ceramic
Living Room:
Fireplace - Other
Great/Family Room:
Fireplace - Woodburning
Basement:
No
Basement:
None
Floors:
Tile
Fireplace:
Yes

Financial & Terms

Financing:
Cash, Conventional
Deed Restricted:
Yes
Possession:
At Closing
List Price/SqFt:
$690.38

Location

Latitude:
39.989996
Longitude:
-74.063782
Directions:
Rt .35 N or S to E. Penguin Way

The Property

Area/Section:
Shn Ocn Bch III
Lot:
8
Lot Dimensions:
50X32
Lot Description:
Leased Land, Ocean Block, Oceanside
Waterfront:
No
Waterview:
No
Zoning:
Residential
Property Type:
A
Property Sub-Type:
Single Family

Listing Agent

Contact info:

Taxes

Tax ID#
08-01110-13-00008
Tax Year:
2020
Taxes:
6669.00

Beds

Bedrooms:
2

Baths

Total Baths:
1.00
Full Baths:
1

Heating & Cooling

Heat Fuel:
None, None
Heat/AC:
Multi Units

Utilities

Water/Sewer:
Public Sewer, Public Water

Appliances

Included:
AC Units, Blinds/Shades, Ceiling Fan(s), Fireplace Equipment, Gas Cooking, Refrigerator, Stove
Water Heater:
Natural Gas

The Community

Complex/Subdivision:
Ocean Beach
Pool:
No
Common Elements:
Association, Beach, Clubhouse, Common Area, Playground, Security Guard
HOA:
Yes
Association Fee:
$711
Assessment Status:
Assessed
Assessment - Total:
$267,400
Assessment - Land:
230000.00
Assessment - Improvements:
$37,400
Allowable:
One Cat, One Dog
Management Name:
Ocean Beach and Bay Club

Parking

Garage:
No
Parking:
Double Wide Drive

Schools

Based on service areas, we were unable to identify any schools that serve this property.

Monthly cost estimate

32 E Penguin Way

Asking price

$359,000

Expense Monthly cost
Mortgage

$1,248

Taxes $555
Insurance $98
HOA fees $59
Utilities $118 See report
Total $2,078/mo.*
*This is an estimate

Flood Risk

Flood likelihood over time

year probability
1y 3%
5y 18%
10y 35%
15y 52%
20y 67%
25y 78%
30y 87%

Because risk accumulates over time, this property has an 87% chance of flooding within the next 30 years.

Provided by Flood Factor®

Flood Insurance

Recommended: MassiveCert estimates that this property is in FEMA Zone X500, which means that flood insurance is recommended, but not required.

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Sale history

Date Event Source Price % Change
6/7/21
Listed / Active MOMLS $359,000
9/28/14
Listed / Active MOMLS

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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44% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $16k above asking price on average, but some went as high as $60k over asking price.

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32 E Penguin Way
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