NOT LISTED FOR SALE

1019 Ocean Ave Point Pleasant Beach, NJ 08742

Estimated Value: $521,000 - $1,010,000

4 Beds
3 Baths
1,872 Sq Ft
$414/Sq Ft Est. Value

Last Sold May 08, 2023

Last sale price $475,000 $254 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,691/month

70 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Baseboard Heating
  • Multiple cooling system units

About This Home

As of May 2023

Great opportunity for the handy person to turn this diamond in the rough legal 2 family home with additional summer kitchen in the finished basement. Separate entrances and separate electric and gas meters for each apartment. Downstairs features 2 Bedrooms or possible 3rd with addition of a closet, living room, dining room, kitchen and laundry area. Upstairs features 1 Bedroom, living room or second bedroom by adding closet, large eat in kitchen area and full bath with laundry area. Basement has finished rooms for exercise or office, full bath and summer kitchen. Large 130 ft deep lot with detached garage. Home is being sold in as is condition, cash or rehab loans only. Live and get rent to help pay your mortgage. Minutes to Ocean!!

Last Agent to Sell the Property

Pasquale Mennella

C21/ Lawrence Realty License #7857330 Listed on: 01/06/2023

Co-Listed By

Matthew Mennella

C21/ Lawrence Realty License #0679950

Last Buyer's Agent

Colleen Barnes

NextHome Realty Premier Properties License #2294846

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,295

Year Built

  • Built in 1936

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 50 x 130

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Asphalt Rolled Roof
  • Shingle Siding

Interior Spaces

  • 1,872 Sq Ft Home
  • 3-Story Property
  • Linoleum Flooring
  • Stove
  • Finished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Memorial Middle School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Baseboard Heating
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 25-00124-0000-00016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,295

Year Built

Built in 1936

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 1183
  • Co List Office Phone: 732-840-9200
  • Subdivision Name: None
  • Reso Flooring: Linoleum
  • Year Built: 1936
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 130
  • Location Middle School: Memorial
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Roof Timberline: Yes
  • Siding Shingle: Yes
  • Cooling Multi Units: Yes
  • Floors Linoleum: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Basement: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Stories: 3
  • Basement Finished: Yes

Exterior Features

  • Roof: Timberline
  • Acres: 0.15
  • Waterfront: No
  • Construction Type: Shingle Siding

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Off Street, Detached
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Baseboard
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes

Schools

  • Middle Or Junior School: Memorial

Lot Info

  • Lot Dimensions: 50 x 130
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 25-00124-0000-00016
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 6295.0
  • Tax Other Annual Assessment Amount: 294000.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2023
Closed on
May 1, 2023
Sold by
114 Jersey Llc
Bought by
Faria Jose J and Faria Gladys M
Seller's Agent
Pasquale Mennella
C21/ Lawrence Realty
Buyer's Agent
Colleen Barnes
NextHome Realty Premier Properties
List Price
$499,500
Sold Price
$475,000
Premium/Discount to List
-$24,500
-4.9%
Views
551
Current Estimated Value
$775,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,510
Avg. Annual Appreciation
22.87%
Original Mortgage
$550,334
Outstanding Balance
$535,429
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$236,864

Purchase Details

Closed on
Aug 8, 2022
Sold by
Sheriff Of The County Of Ocean
Bought by
114 Jersey Llc

Purchase Details

Closed on
Oct 29, 2004
Sold by
Merkler Walter A and Merkler Mary C
Bought by
Guaman Jacinto E and Guaman Ernestina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
7.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2004
Sold by
Merkler Walter A and Merkler Mary C
Bought by
Merkler Walter A and Merkler Mary C
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Faria Jose J $475,000 Break Water Title
114 Jersey Llc $3,585 None Listed On Document
Guaman Jacinto E $340,000 Commonwealth Land Title Insu
Merkler Walter A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faria Jose J $550,334
Previous Owner Guaman Jacinto E $306,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2023 05/08/23 Sold $475,000 0.0% $254 / Sq Ft
02/06/2023 02/06/23 Price Changed $475,000 -4.9% $254 / Sq Ft
12/08/2022 12/08/22 For Sale $499,500 -- $267 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,724 $348,700 $168,000 $180,700
2024 $6,427 $294,000 $168,000 $126,000
2023 $6,295 $294,000 $168,000 $126,000
2022 $6,295 $294,000 $168,000 $126,000
2021 $6,198 $294,000 $168,000 $126,000
2020 $6,133 $294,000 $168,000 $126,000
2019 $6,051 $294,000 $168,000 $126,000
2018 $5,871 $294,000 $168,000 $126,000
2017 $5,742 $294,000 $168,000 $126,000
2016 $5,698 $294,000 $168,000 $126,000
2015 $5,630 $294,000 $168,000 $126,000
2014 $5,501 $294,000 $168,000 $126,000
Source: Public Records

Agents Affiliated with this Home

  • Pasquale Mennella

    Seller's Agent in 2023

    Pasquale Mennella

    C21/ Lawrence Realty

    (609) 876-3076

    7 in this area

    150 Total Sales

    Pasquale Mennella
    Section Image

  • M

    Seller Co-Listing Agent in 2023

    Matthew Mennella

    C21/ Lawrence Realty

    (609) 636-3291

    6 in this area

    136 Total Sales

    Matthew Mennella
    Section Image

  • C

    Buyer's Agent in 2023

    Colleen Barnes

    NextHome Realty Premier Properties

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22237052

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 25-00124-0000-00016

New Jersey Ocean County Point Pleasant Beach 08742

1019 Ocean Ave, Point Pleasant Beach, NJ

This home is located at 1019 Ocean Ave, Point Pleasant Beach, NJ 08742 since 06 January 2023 and is currently estimated at $775,510, approximately $414 per square foot. This property was built in 1936. 1019 Ocean Ave is a home located in Ocean County with nearby schools including Point Pleasant High School and St. Peter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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