$705,622 EMV

864 Sq. Ft.   Single-Family
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Sunset Ln
Lavallette, NJ 08735

Overview

This possible Bankruptcy asset is located at Sunset Ln, Lavallette, NJ 08735. It has , 864 sqft of living space. This property has an estimated market value of $705,622.
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Status: Active
Listing ID: 61978422
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Homes near Sunset Ln in Lavallette, New Jersey


Learn about Sunset Ln in Lavallette, NJ

With 864 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Lavallette, specifically for Sunset Ln and comparable listings. Based on this expert analysis, the estimated market value is $705,622. If purchased for rental purposes, the monthly rental rate could range between $1,470 and $1,990, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Sunset Ln are updated daily along with others in Lavallette, New Jersey, ensuring you have the most current and accurate information.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

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What is the city of Lavallette, NJ like?

Lavallette is a beautiful residential beach town located along the Barnegat Peninsula in Ocean County, New Jersey. Known for its pristine beaches and family-friendly atmosphere, it offers a relaxed seaside lifestyle that attracts both tourists and year-round residents. The town features charming Victorian-style homes, a vibrant community spirit, and a strong emphasis on outdoor activities.

The area is perfect for those seeking recreational opportunities, with beaches for swimming, fishing, and surfing, as well as nearby parks for hiking and picnicking. Lavallette hosts a variety of local events, such as summer concerts and farmers’ markets, showcasing local artisans and fostering community engagement. The picturesque boardwalk provides a scenic backdrop for family strolls and sunset views.

Residents benefit from convenient access to essential amenities including grocery stores, restaurants, and specialty shops, while the nearby cities of Toms River and Point Pleasant offer additional shopping and entertainment options. Lavallette's strong sense of community and appealing lifestyle make it an attractive location for real estate investment.

Nearby Schools

There are 3 schools in the area. Nearby schools include Lavallette Elementary School and Ocean County Vocational Technical School.

Lavallette Elementary School
Ocean County Vocational Technical School
Toms River High School South

Nearby Attractions

There are plenty of activities near this property like Lavallette Library, Lavallette Community Center, and more.

Lavallette Library
Lavallette Community Center
Ocean Medical Center

What kind of public transportation is there?


Public transportation options include: NJ Transit bus service connecting Lavallette to Toms River and surrounding areas, Seasonal shuttle services to local beaches and attractions. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Lavallette Park, Borough Park and more.

Lavallette Park
Borough Park
Maruca Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Xfinity
Optimum
Verizon Fios
Rental Chart
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for Sunset Ln in Lavallette New Jersey
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Property Information

Public Records

Bankruptcy

The property located at Sunset Ln in Lavallette, NJ is listed as a potential Bankruptcy asset.

This property may be available as a potential bankruptcy asset in Case Number: 24-15005-cmg. It is listed because the address was used as the mailing address for an individual who has filed for bankruptcy on 05-16-2024. This listing at Sunset Ln in Lavallette, New Jersey is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. We highly recommend that you first contact Albert Russo (court-appointed receiver / trustee) listed below (scroll down) under "Legal/Bankruptcy Information" sections to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee, like Albert Russo, will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. Albert Russo is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy a house that's part of a bankruptcy filing for sale in Lavallette, NJ can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach Albert Russo to pursue your deal.

Contact Albert Russo to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.

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Legal Information

Bankruptcy Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Sunset Ln located in Lavallette, NJ is $1,730/month. Comparable homes around Sunset Ln that are rentals have monthly ranges starting as low as $1,470 per month and as high as $1,990 per month. An owner looking to use this property as an investment could bring a return in the area of $1,470 - $1,990 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/17/24 06/22/24 Preforeclosure
05/16/24   Bankruptcy
01/12/24 06/23/24 Preforeclosure PennyMac Loan Svs
01/09/24 07/09/24 Preforeclosure PennyMac Loan Services LLC
01/08/24 07/09/24 Preforeclosure Pennymac Loan Services LLC

Similar Homes Nearby Lavallette, NJ


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Sunset Ln
Lavallette, NJ 08735

864 sq. ft.   Single-Family

$705,622 EMV

Status: Active Listing ID: 61978422

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=Sunset-Ln-Lavallette-NJ-08735/61978422_lid

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