NOT LISTED FOR SALE

1127 Ocean Ave Mantoloking, NJ 08738

Estimated Value: $5,644,000 - $9,083,949

0.6 Acre
$12,681,540 Price per Acre
26,310 Sq Ft Lot

Last Sold March 08, 2018

Last sale price $3,200,000 $533 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $45,504/month

64 Days on Market

About This Lot

As of March 2018

Mantoloking Oceanfront 70' x 376' 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 111' footprint, that can accommodate a 10,000 sqft. home. The proposed dune will be constructed to EL 22' with protective steel revetment already installed, as per Mantoloking Boro., 1st floor can be flush with the dune. Commanding 1st floor ocean views. Rice & Brown house plans for a 6000+ sqft home will be included with the sale. This property is not located next to public beach access affording the maximum amount of privacy. Priced exceptionally at $3,299,000, this will not last! BEACH REPLENISHMENT STARTING JUNE 2017

Last Agent to Sell the Property

Lawrence Greenberg

M. Van Sciver REALTORS License #1003712 Listed on: 01/02/2018

Last Buyer's Agent

Lawrence Greenberg

Van Sciver REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,906

Lot Details

  • Lot Dimensions are 70 x 376
  • Ocean Front
  • Building or Site Plan Approved

Schools

  • Memorial Middle School
  • Point Pleasant Beach High School

Additional Features

  • Water Views
  • Electricity Available at Street
  • Gas Available at Street

Listing and Financial Details

  • Assessor Parcel Number 20-00023-0000-00054

Property Details

Property Type

Land

Est. Annual Taxes

$16,906

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential Land
  • ResoLotFeatures: Oceanfront
  • Subdivision Name: None
  • General Property Info Waterview: Yes
  • Water Type Oceanfront: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 70 x 376
  • Location Middle School: Memorial
  • 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
  • Special Features: None

Exterior Features

  • Waterfront Features: Oceanfront
  • Waterfront: Yes

Schools

  • Middle Or Junior School: Memorial

Lot Info

  • Lot Dimensions: 70 x 376
  • Parcel #: 20-00023-0000-00054
  • Zoning Description: Single Family, Residential

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 16906.0

MLS Schools

  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2018
Closed on
Feb 26, 2018
Sold by
1127 Ocean Llc
Bought by
Guarino Steven and Holck Lisa
Seller's Agent
Lawrence Greenberg
M. Van Sciver REALTORS
Buyer's Agent
Lawrence Greenberg
Van Sciver REALTORS
Sold Price
$3,200,000
Current Estimated Value
$7,659,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,459,650
Avg. Annual Appreciation
12.89%
Original Mortgage
$3,375,000
Outstanding Balance
$2,945,450
Interest Rate
4.32%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$4,960,886

Purchase Details

Closed on
Jan 6, 2016
Sold by
Hougen Paula J and Turner Estelle G
Bought by
1127 Ocean Llc

Purchase Details

Closed on
Oct 31, 2014
Sold by
New Jersey Department Of Children And Fa
Bought by
Hougen Paula G and Turney Estelle G

Purchase Details

Closed on
May 19, 2014
Sold by
Burke Stephen E
Bought by
Bay Head Montoloking Land Co
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
Guarino Steven $3,200,000 --
1127 Ocean Llc $2,350,000 Westcor Land Title
Hougen Paula G -- None Available
Bay Head Montoloking Land Co -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guarino Steven $2,000,000
Open Guarino Steven $3,375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2018 03/08/18 Sold $3,200,000 -- $533 / 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
2024 $45,228 $5,542,600 $2,862,100 $2,680,500
2023 $38,798 $5,542,600 $2,862,100 $2,680,500
2022 $38,798 $5,542,600 $2,862,100 $2,680,500
2021 $39,020 $5,542,600 $2,862,100 $2,680,500
2020 $40,570 $5,698,100 $2,862,100 $2,836,000
2019 $17,027 $2,425,500 $2,425,500 $0
2018 $16,784 $2,425,500 $2,425,500 $0
2017 $16,906 $2,425,500 $2,425,500 $0
2016 $16,833 $2,425,500 $2,425,500 $0
2015 $16,566 $2,425,500 $2,425,500 $0
2014 -- $2,425,500 $2,425,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Lawrence Greenberg

    Seller's Agent in 2018

    Lawrence Greenberg

    M. Van Sciver REALTORS

    (732) 691-7524

    27 in this area

    75 Total Sales

    Lawrence Greenberg
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21800063

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 20-00023-0000-00054

New Jersey Ocean County Mantoloking 08738

1127 Ocean Ave, Mantoloking, NJ

This home is located at 1127 Ocean Ave, Mantoloking, NJ 08738 since 02 January 2018 and is currently estimated at $7,659,650, approximately $1,276 per square foot. 1127 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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