NOT LISTED FOR SALE

1029 Ocean Ave Mantoloking, NJ 08738

Estimated Value: $7,103,000 - $9,068,000

0.78 Acre
$10,282,578 Price per Acre
33,759 Sq Ft Lot

Last Sold May 06, 2015

Last sale price $3,250,000 $803 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $45,409/month

109 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Riparian Grant
  • G Harold Antrim Elementary School Rated A-

About This Lot

As of May 2015

Mantoloking Oceanfront 70' x 482' One of the most sought after sprawling oceanfront lots is now available to purchase. This property posses a C.A.F.R.A permit to build with a 50' x 103' footprint, that can accommodate a 10,000+ sqft. home. The proposed dune will be constructed to EL 22', as per Mantoloking Boro., 1st floor can be flush with the dune. Commanding 1st floor ocean views. This property is within close proximity to East Ave., affording the maximum amount of privacy.

Last Agent to Sell the Property

Lawrence Greenberg

M. Van Sciver REALTORS License #1003712 Listed on: 01/06/2015

Last Buyer's Agent

Elizabeth Miller

M. Van Sciver REALTORS License #0014165

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,932

Lot Details

  • Beach Front
  • Cleared Lot
  • Building or Site Plan Approved

Outdoor Features

  • Riparian Grant
  • Electricity Available at Street

Schools

  • Memorial Middle School
  • Point Pleasant Beach High School

Additional Features

  • Ocean Views
  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 20-00023-0000-00005

Property Details

Property Type

Land

Est. Annual Taxes

$15,932

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Beachfront, Oceanfront, Cleared, Graded
  • Subdivision Name: None
  • General Property Info Waterview: Yes
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 33,742 (70' X 482')
  • Location Middle School: Memorial
  • WaterSewer Public Water: Yes
  • WaterSewer Public Sewer at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Docs Approved Site Plan - Finished: Yes
  • Lot Description Beachfront2: Yes
  • Lot Description Cleared: Yes
  • Special Features: None

Exterior Features

  • Waterfront Features: Oceanfront, Oceanview, Riparian Grants
  • Waterfront: Yes

Schools

  • Middle Or Junior School: Memorial

Lot Info

  • Lot Dimensions: 33,742 (70' X 482')
  • Parcel #: 20-00023-0000-00005
  • Zoning Description: Single Family, Residential

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 15932.0

MLS Schools

  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2014
Sold by
Burke Stephen E
Bought by
Bay Head Montoloking Land Co
Current Estimated Value
$7,968,998

Purchase Details

Closed on
Apr 26, 2014
Sold by
Stephenson Barbara
Bought by
Burke Stephen E

Purchase Details

Listed on
Nov 26, 2012
Closed on
Feb 27, 2013
Sold by
Fairbairn Willaim T and Balardi Vincemt A
Bought by
Manto 1029 Llc
Seller's Agent
Joseph Johnson
Diane Turton, Realtors-Bay Head
Buyer's Agent
Jeffrey Hallamore
VRI Homes
Sold Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%

Purchase Details

Closed on
Jun 29, 2009
Sold by
Fairbairn William T and Fairbairn Ursula F
Bought by
Fairbarin William T

Purchase Details

Closed on
Sep 8, 2000
Sold by
Canel Daniel
Bought by
Fairbairn William and Fairbairn Ursula
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bay Head Montoloking Land Co -- None Available
Burke Stephen E -- None Available
Manto 1029 Llc $1,375,000 None Available
Fairbarin William T -- Esquire Title Services Llc
Fairbairn William $4,900,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/06/2015 05/06/15 Sold $3,250,000 +18.2% $803 / Sq Ft
02/27/2013 02/27/13 Sold $2,750,000 -- $680 / Sq Ft View Prior Sale
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 $43,375 $5,055,400 $2,541,000 $2,514,400
2024 $41,213 $5,055,400 $2,541,000 $2,514,400
2023 $35,362 $5,050,600 $2,541,000 $2,509,600
2022 $35,362 $5,051,700 $2,541,000 $2,510,700
2021 $35,564 $5,051,700 $2,541,000 $2,510,700
2020 $35,968 $5,051,700 $2,541,000 $2,510,700
2019 $17,838 $2,541,000 $2,541,000 $0
2018 $17,584 $2,541,000 $2,541,000 $0
2017 $17,711 $2,541,000 $2,541,000 $0
2016 $17,635 $2,541,000 $2,541,000 $0
2015 $17,355 $2,541,000 $2,541,000 $0
2014 $15,932 $2,541,000 $2,541,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21500525

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00023-0000-00005