NOT LISTED FOR SALE

1240 Ocean Ave Long Branch, NJ 07740

Estimated Value: $5,544,000 - $7,494,599

6 Beds
5 Baths
6,417 Sq Ft
$1,022/Sq Ft Est. Value

About This Home

This home is located at 1240 Ocean Ave, Long Branch, NJ 07740 and is currently estimated at $6,558,533, approximately $1,022 per square foot. 1240 Ocean Ave is a home located in Monmouth County with nearby schools including Long Branch High School, St. Mary of the Assumption School, and Bet Yaakov of the Jersey Shore.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2006
Sold by
Rapisardi Evelyn
Bought by
Hyman Shamah and Shamah Liza
Current Estimated Value
$6,558,533

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Hyman Shamah $3,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shamah Hyman $1,600,000
Closed Shamah Hyman $1,905,700
Closed Shamah Hyman $1,935,516
Closed Hyman Shamah $1,950,000
Source: Public Records

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 $60,975 $3,973,100 $2,944,400 $1,028,700
2023 $60,975 $3,926,300 $2,944,400 $981,900
2022 $61,495 $3,569,200 $2,704,200 $865,000
2021 $61,495 $3,073,200 $2,203,600 $869,600
2020 $60,468 $2,893,200 $2,028,600 $864,600
2019 $55,516 $2,641,100 $1,878,600 $762,500
2018 $53,763 $2,543,200 $1,808,600 $734,600
2017 $52,026 $2,524,300 $1,803,600 $720,700
2016 $50,640 $2,505,700 $1,803,600 $702,100
2015 $53,662 $2,409,600 $1,613,600 $796,000
2014 $53,290 $2,522,000 $1,815,600 $706,400
Source: Public Records

Map

New Jersey Monmouth County Long Branch 07740

1240 Ocean Ave, Long Branch, NJ

This home is located at 1240 Ocean Ave, Long Branch, NJ 07740 and is currently estimated at $6,558,533, approximately $1,022 per square foot. 1240 Ocean Ave is a home located in Monmouth County with nearby schools including Long Branch High School, St. Mary of the Assumption School, and Bet Yaakov of the Jersey Shore.

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