NOT LISTED FOR SALE

1041 Ocean Ave Mantoloking, NJ 08738

Estimated Value: $5,302,000 - $10,290,197

6 Beds
6.5 Baths
6,700 Sq Ft
$1,210/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $7,499,000 $1,119 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $47,786/month

6 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • 1 Fireplace
  • G Harold Antrim Elementary School Rated A-
  • Shore Colonial Architecture
  • No HOA

About This Home

As of July 2019

New Construction Oceanfront - Merit Homes presents one of the finest homes being offered at the Jersey shore, located on one of the deepest oceanfront properties in Mantoloking. High end appointments throughout, quality workmanship, and attention to detail is the mark of Merit Homes. This 6/7 bedroom, 6/1 bath Shingle style home offers old world charm and the amenities of today. A great home for entertaining offering generous open spaces, large wide plank oak floors, custom trim/built-ins, custom inset cabinets with butlers pantry and salt water pool with expansive patio. Located within close proximity to East Avenue, the Mantoloking Yacht Club, center of town in Bay Head, and train make this the ideal location. If you are looking for the ultimate luxury home look no further.

Last Agent to Sell the Property

Lawrence Greenberg

M. Van Sciver REALTORS License #1003712 Listed on: 06/12/2019

Last Buyer's Agent

Kathy Cummings

Diane Turton, Realtors-Bay Head License #0122565

Diane Turton, Realtors-Bay Head

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $47,393

Lot Details

  • Lot Dimensions are 70 x 470
  • Waterfront

Parking

  • 2 Car Attached Garage

Home Design

  • Shore Colonial Architecture
  • Wood Roof
  • Cedar Shake Siding
  • Shake Siding

Interior Spaces

  • 6,700 Sq Ft Home
  • 3-Story Property
  • 1 Fireplace
  • Water Views
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Covered Patio or Porch

Schools

  • Antrim Elementary School
  • Memorial Middle School
  • Point Pleasant Beach High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 20-00023-0000-00011

Home Details

Home Type

Single Family

Est. Annual Taxes

$47,393

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Subdivision Name: None
  • Architectural Style: Shore Colonial
  • General Property Info Waterview: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: Yes
  • WaterSewer Public Sewer: Yes
  • Exterior Balcony2: Yes
  • General Property Info Lot Dimensions: 70 x 470
  • Location Middle School: Memorial
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Style Shore Colonial: Yes
  • SidingCedarShake: Yes
  • Roof Wood3: Yes
  • Cooling 3 Zoned AC: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Walk-Out Access
  • Basement: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplaces: 1
  • Stories: 3
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Wood
  • Waterfront: Yes
  • Construction Type: Shake Siding
  • Exterior Features: Balcony, Porch - Covered
  • Features Exterior:Porch Covered: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: 3+ Zoned AC
  • Cooling Y N: Yes
  • Heating: Natural Gas, 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Memorial

Lot Info

  • Lot Dimensions: 70 x 470
  • Parcel #: 20-00023-0000-00011

Tax Info

  • Tax Year: 2018

MLS Schools

  • Elementary School: Antrim
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2019
Closed on
Aug 28, 2019
Sold by
1041 Ocean Avenue Llc
Bought by
Lonergan Edward F and Hutchinson Lonergan Laura
Seller's Agent
Lawrence Greenberg
M. Van Sciver REALTORS
Buyer's Agent
Kathy Cummings
Diane Turton, Realtors-Bay Head
Sold Price
$7,499,000
Current Estimated Value
$8,108,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$609,066
Avg. Annual Appreciation
1.28%

Purchase Details

Listed on
Apr 6, 2016
Closed on
Jan 11, 2017
Sold by
Black Gary and Black Florence
Bought by
1041 Ocean Llc
Seller's Agent
Shawn Clayton
Clayton & Clayton Inc.Realtors
Buyer's Agent
Lawrence Greenberg
Van Sciver REALTORS
Sold Price
$2,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.09%

Purchase Details

Closed on
May 19, 2014
Sold by
Burke Stephen E
Bought by
Bay Head Montoloking Land Co

Purchase Details

Closed on
Aug 12, 2009
Sold by
Pine Belt Enterprises Inc
Bought by
New Hampshire Avenue Llc

Purchase Details

Closed on
Apr 23, 1996
Sold by
Indoe William
Bought by
Black Gary and Black Florence

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$863,000
Interest Rate
7.82%
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
Lonergan Edward F $7,499,000 Trident Abstract Ttl Agcy Ll
1041 Ocean Llc $2,600,000 Stewart Title
Bay Head Montoloking Land Co -- None Available
New Hampshire Avenue Llc -- First American Title Ins Co
Black Gary $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Black Gary $2,500,000
Previous Owner Black Gary $863,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $7,499,000 +188.4% $1,119 / Sq Ft
01/24/2017 01/24/17 Sold $2,600,000 -- --
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 $47,393 $5,523,700 $2,541,000 $2,982,700
2024 $45,034 $5,523,700 $2,541,000 $2,982,700
2023 $38,640 $5,518,900 $2,541,000 $2,977,900
2022 $38,640 $5,520,000 $2,541,000 $2,979,000
2021 $38,861 $5,520,000 $2,541,000 $2,979,000
2020 $39,302 $5,520,000 $2,541,000 $2,979,000
2019 $17,838 $2,541,000 $2,541,000 $0
2018 $17,584 $2,541,000 $2,541,000 $0
2017 $17,739 $2,545,100 $2,541,000 $4,100
2016 $17,635 $2,541,000 $2,541,000 $0
2015 $17,355 $2,541,000 $2,541,000 $0
2014 $28,775 $4,589,300 $2,541,000 $2,048,300
Source: Public Records

Agents Affiliated with this Home

  • Lawrence Greenberg

    Seller's Agent in 2019

    Lawrence Greenberg

    M. Van Sciver REALTORS

    (732) 691-7524

    25 in this area

    72 Total Sales

    Lawrence Greenberg
    Section Image

  • K

    Buyer's Agent in 2019

    Kathy Cummings

    Diane Turton, Realtors-Bay Head

    (732) 600-7817

    16 Total Sales

    Kathy Cummings
    Section Image
  • Shawn Clayton

    Seller's Agent in 2017

    Shawn Clayton

    Clayton & Clayton Inc.Realtors

    (732) 295-2222

    6 in this area

    70 Total Sales

    Shawn Clayton
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21924465

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00023-0000-00011

New Jersey Ocean County Mantoloking 08738

1041 Ocean Ave, Mantoloking, NJ

This home is located at 1041 Ocean Ave, Mantoloking, NJ 08738 since 12 June 2019 and is currently estimated at $8,108,066, approximately $1,210 per square foot. 1041 Ocean Ave is a home located in Ocean County with nearby schools including G Harold Antrim Elementary School, Point Pleasant Beach 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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