NOT LISTED FOR SALE

12 Oak Terrace Neptune City, NJ 07753

Estimated Value: $579,000 - $658,323

3 Beds
1 Bath
1,568 Sq Ft
$385/Sq Ft Est. Value

Last Sold August 29, 2024

Last sale price $570,000 $364 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,116/month

43 Days on Market

Highlights

  • Cape Cod Architecture
  • No HOA
  • Crown Molding
  • Wood Flooring
  • Porch
  • Multiple cooling system units

About This Home

As of August 2024

Inviting Craftsman Cape down the street from the Shark River InletThere are so many things we love about this house. We can walk a block to the Inlet for evening sunsets or a stroll along the water, or launch a kayak/paddle board at nearby Memorial park. The front porch is pleasant any time of day! The variety of rooms are generously sized, with bedrooms on both the 1st and 2nd floors. Every day, we drive five minutes (less than a mile) to the beach over the Avon bridge. This neighborhood is a well-kept secret, secluded from busier town traffic. Beaches and towns at Asbury Park, Belmar, Avon, and Bradley are short bike rides away. Exit the neighborhood in any direction for quick access to year-round activities and work commutes. Recent updates include a newer roof, all new windows, updated lighting and ceiling fans. The house boasts high ceilings throughout with refinished walls, a newly fenced backyard with landscaping, and updated garage doors coming soon. Additionally, the house has room for expansion from a 3-bedroom, 1-bath to a 4-bedroom, 2-bath. Or open up the kitchen with a large island to the dining room. It is fully livable as is or can grow to your own liking, if desired.

Last Agent to Sell the Property

Valerie Vargas

Keller Williams Realty West Monmouth License #0337086 Listed on: 05/30/2024

Keller Williams Realty West Monmouth

Co-Listed By

Emily Knight

Keller Williams Realty Central Monmouth License #0568120

Last Buyer's Agent

Melissa Venditti

Hubbard Park Real Estate, LLC License #1109027

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,981

Year Built

  • Built in 1927

Lot Details

  • 4,487

Parking

  • 2 Car Garage

Home Design

  • Cape Cod Architecture
  • Craftsman Architecture
  • Shingle Roof
  • Vinyl Siding
  • Stucco Exterior

Interior Spaces

  • 1,568 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Wood Burning Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Woodrow Wilson Middle School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Fenced

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 36-00030-0000-00024

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,981

Year Built

Built in 1927

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 3190
  • Co List Office Phone: 732-945-5253
  • Inclusions: Washer, Dishwasher, Dryer, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Cape, Craftsman
  • Reso Flooring: Wood
  • Reso Interior Features: Dec Molding
  • Year Built: 1927
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Woodrow Wilson
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Exterior Porch - Open: Yes
  • Style Cape: Yes
  • Living Room Fireplace - Woodburning2: Yes
  • Cooling Multi Units: Yes
  • SidingStucco: Yes
  • Special Features: None

Interior Features

  • Basement: Full
  • Basement: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Stories: 2
  • Full Basement: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Fence, Porch - Open
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Woodrow Wilson

Lot Info

  • Parcel #: 36-00030-0000-00024

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Aug 27, 2024
Sold by
Kelly Julie and Koenig Kipp
Bought by
Mclaughlin Kevin and Warnock Julia
Seller's Agent
Valerie Vargas
Keller Williams Realty West Monmouth
Buyer's Agent
Melissa Venditti
Hubbard Park Real Estate, LLC
List Price
$588,000
Sold Price
$570,000
Premium/Discount to List
-$18,000
-3.06%
Views
204
Current Estimated Value
$603,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,890
Avg. Annual Appreciation
5.85%
Original Mortgage
$513,000
Outstanding Balance
$507,233
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$96,098

Purchase Details

Listed on
Aug 14, 2021
Closed on
Dec 21, 2021
Sold by
John Hayes
Bought by
Kelly Julie and Koenig Icipp
Seller's Agent
Lawrence McCown
Keller Williams Realty Monmouth/Ocean
Buyer's Agent
Lawrence McCown
Keller Williams Realty West Monmouth
List Price
$390,000
Sold Price
$350,000
Premium/Discount to List
-$40,000
-10.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.90%

Purchase Details

Closed on
Jul 30, 1992
Bought by
Hayes John
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 Buyer Sale Price Title Company
Mclaughlin Kevin $570,000 Westcor Land Title
Kelly Julie $350,000 Old Republic Title
Hayes John $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclaughlin Kevin $513,000
Previous Owner Hayes John $80,000
Previous Owner Hayes John $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $570,000 -0.9% $364 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
06/18/2024 06/18/24 Price Changed $575,000 -2.2% $367 / Sq Ft
05/30/2024 05/30/24 For Sale $588,000 +68.0% $375 / Sq Ft
02/02/2022 02/02/22 Sold $350,000 -10.3% $223 / Sq Ft
01/06/2022 01/06/22 Pending -- -- --
01/05/2022 01/05/22 For Sale $390,000 0.0% $249 / Sq Ft
09/15/2021 09/15/21 Pending -- -- --
08/31/2021 08/31/21 Price Changed $390,000 -2.5% $249 / Sq Ft
08/14/2021 08/14/21 Price Changed $400,000 0.0% $255 / Sq Ft
08/14/2021 08/14/21 For Sale $400,000 -5.9% $255 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
05/16/2021 05/16/21 For Sale $425,000 0.0% $271 / Sq Ft
08/27/2019 08/27/19 Rented $21,600 -- --
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 $9,981 $565,500 $308,200 $257,300
2024 $8,543 $529,800 $283,600 $246,200
2023 $8,543 $443,100 $218,100 $225,000
2022 $8,137 $399,700 $184,900 $214,800
2021 $8,137 $371,900 $174,700 $197,200
2020 $7,684 $335,400 $148,700 $186,700
2019 $7,570 $319,800 $145,400 $174,400
2018 $7,418 $300,200 $138,300 $161,900
2017 $7,079 $285,000 $128,200 $156,800
2016 $6,596 $264,900 $119,600 $145,300
2015 $6,231 $245,900 $102,500 $143,400
2014 $5,965 $206,600 $92,500 $114,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22415089

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 36-00030-0000-00024