$450,000
SOLD OCT 7, 2024

103 Franklin Ave Ocean Grove, NJ 07756

0.04 Acre
$11,250,000 Price per Acre
1,742 Sq Ft Lot

Recently Sold

$404 Per Sq Ft

9% Below List Price

51 Days on Market

About This Lot

As of October 2024

RARE OPPORTUNITY VACANT LOT South Facing corner lot on the desirable South end of OCEAN GROVE! This lot offers you the opportunity to design & build your own Custom Home in sought after Ocean Grove. The Bonus for the buyer is proposed plans which will transfer (if you should choose to use them) which have already been approved by Neptune Township. This is a major savings to the buyer time & $.There is limited inventory in Ocean Grove to buy & certainly few buildable lots . The lot is close to boardwalk, beaches,Fletcher Lake, parks & town for restaurants & shops. The lot is totally cleared & ready to build.One of the last available lots in Ocean Grove don't miss out on this opportunityThe proposed approved plans offers 5 bedrooms, a den, 4 full bathrooms, 3 porches & full basement

Last Agent to Sell the Property

Denise Sherman-Pula

Jack Green Realty License #0446543 Listed on: 07/28/2024

Jack Green Realty

Last Buyer's Agent

Denise Sherman-Pula

Jack Green Realty License #0446543 Listed on: 07/28/2024

Jack Green Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,358

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 31 x 60
  • Corner Lot
  • Level Lot
  • Cleared Lot
  • Building or Site Plan Approved
  • Land Lease

Schools

  • Midtown Community Elementary School
  • Neptune Middle School
  • Neptune Twp High School

Utilities

  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 35-00270-0000-00009

Community Details

Overview

  • Ocean Grove Subdivision

Recreation

  • Electricity Available at Street

Property Details

Property Type

Land

Est. Annual Taxes

$9,358

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Corner Lot, Level, Leased Land, Cleared, Finished Road
  • Subdivision Name: Ocean Grove
  • General Property Info Waterview: No
  • General Property Info Acreage: 0.04
  • General Property Info Lot Dimensions: 31 x 60
  • Location Middle School: Neptune
  • Lot Description Corner Lot: Yes
  • WaterSewer Public Water on Site: Yes
  • WaterSewer Public Sewer at Street: Yes
  • WaterSewer Public Water at Street: Yes
  • Electric At Street2: Yes
  • Gas At Street3: Yes
  • Docs Approved Site Plan - Finished: Yes
  • Lot Description Leased Land: Yes
  • Lot Description Cleared: Yes
  • Special Features: None

Exterior Features

  • Acres: 0.04
  • Waterfront: No

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Land Lease: Yes
  • Lot Dimensions: 31 x 60
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00270-0000-00009
  • Zoning Description: Single Family, Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9358.0

MLS Schools

  • Elementary School: Midtown Community
  • High School: Neptune Twp

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2023
Sold by
Feiner Donald W
Bought by
Equity Trust Co and Niedzielski
Current Estimated Value
$515,545

Purchase Details

Closed on
Jul 10, 2000
Sold by
Sorrentino F Joseph
Bought by
Shin Hyun

Purchase Details

Closed on
Jul 16, 1999
Sold by
Jacobs Arthur
Bought by
Shin Hyunjoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
7.49%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Bargain Sale Deed $220,000 Realsafe Title
Bargain Sale Deed $220,000 Realsafe Title
Deed $100,000 --
Deed $505,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $524,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold $450,000 -9.1% $404 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
07/28/2024 07/28/24 For Sale $495,000 -- $445 / 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 $7,252 $436,900 $436,900 --
2024 $9,358 $421,900 $421,900 $0
2023 $9,358 $527,500 $367,700 $159,800
2022 $8,551 $495,900 $343,700 $152,200
2021 $7,822 $411,700 $294,700 $117,000
2020 $8,027 $385,000 $274,100 $110,900
2019 $7,822 $370,200 $266,200 $104,000
2018 $7,887 $369,400 $266,200 $103,200
2017 $7,526 $338,100 $242,500 $95,600
2016 $7,152 $320,700 $226,700 $94,000
2015 $6,916 $315,800 $224,000 $91,800
2014 $7,012 $263,100 $149,000 $114,100
Source: Public Records

Agents Affiliated with this Home

  • Denise Sherman-Pula

    Seller's Agent in 2024

    Denise Sherman-Pula

    Jack Green Realty

    (570) 977-4250

    39 in this area

    51 Total Sales

    Denise Sherman-Pula
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22421577

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00270-0000-00009

New Jersey Monmouth County Ocean Grove 07756

103 Franklin Ave, Ocean Grove, NJ

This home is located at 103 Franklin Ave, Ocean Grove, NJ 07756 and is currently priced at $450,000, approximately $404 per square foot. 103 Franklin Ave is a home located in Monmouth County with nearby schools including Neptune High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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