NOT LISTED FOR SALE

127 E Point Pleasant Ave Ocean Gate, NJ 08740

Ocean Gate Neighborhood

Estimated Value: $571,000 - $656,628

7 Beds
3.5 Baths
2,608 Sq Ft
$232/Sq Ft Est. Value

Last Sold December 15, 2020

Last sale price $350,000 $134 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $4,046/month

54 Days on Market

Highlights

  • 0.52 Acre Lot
  • Ceramic Tile Flooring
  • Fenced
  • Multiple cooling system units
  • Forced Air Zoned Heating System
  • Level Lot

About This Home

As of December 2020

Here is an amazing opportunity to own this one of a kind property. Multi Fam with M/D layout in the main unit. A sprawling home w/tons of space for comfort! Nestled on a massive 160x140 lot, there is so much potential here! The main unit is filled w/natural sunlight & has a great layout. Huge LR/DR are open to each other & flows easily to a huge EIK. SS Appl, Ample cab storage, granite counters w/large center island & brkfst bar, too! Expansive FR is waiting for your personal touch. Half bath & laundry round out the main lvl. 2 BRs on the 2nd flr are a good size. M/D unit is perfect for visiting loved ones or housing guests! 2 BRs, Full Bath, Kitchen & DR! 2nd Unit is the perfect summer rental ! Its own separate entrance make it accessible & private for any tenant. This is a guaranteed money maker. Live in one unit while renting gout the other, or rent out both for maximum gain! It's a profit either way. Plus, the location can't be beat. Just mins to boardwalks, beaches, marinas & MORE!

Last Listed By

Robert Dekanski

RE/MAX 1st. Advantage License #0232901 Listed on: 08/09/2020

RE/MAX 1st. Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,163

Year Built

  • Built in 1910

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 137 x 164
  • Fenced
  • Level Lot

Parking

  • No Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,608 Sq Ft Home
  • 1-Story Property

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 7 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Central Regional High School

Utilities

  • Multiple cooling system units
  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Natural Gas Water Heater

Listing and Financial Details

  • Exclusions: Personal Belongings. Refrigerator in M/D Unit.
  • Tenant pays for water, snow removal, sewer, heat, electricity
  • The owner pays for gas
  • Assessor Parcel Number 22-00031-0000-00005-01

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $600
  • Gross Income $46,450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,163

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Level
  • Co List Office Mls Id: 2127
  • Co List Office Phone: 732-382-0200
  • Subdivision Name: None
  • Reso Flooring: W/W Carpet, Laminate, Ceramic Tile
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 137 x 164
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • SidingBrick: Yes
  • Cooling Multi Units: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Income Expenses WaterSewer Expense: 600.0
  • Income Expenses Gross Income2: 46450.0
  • Unit 1 Gas Stove: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Slab
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Stories: 1
  • Basement:Slab: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.52
  • Waterfront: No
  • Exclusions: Personal Belongings. Refrigerator in M/D Unit.
  • Construction Type: Brick
  • Exterior Features: Fence
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Forced Air, 2 Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 600.0

Lot Info

  • Lot Dimensions: 137 x 164
  • Lot Size Sq Ft: 22651.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 22-00031-0000-00005-01
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Water, Snow Removal, Sewer, Heat, Electricity
  • Owner Pays: See Remarks, Gas

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 7163.0
  • Tax Other Annual Assessment Amount: 273600.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 46450.0

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2020
Closed on
Jan 11, 2021
Sold by
Feinroth Tzirel L and Spiegel Bashy
Bought by
East Point Pleasant Llc
Seller's Agent
Robert Dekanski
RE/MAX 1st. Advantage
Buyer's Agent
Yehuda Gold
HomeSmart First Advantage
List Price
$350,000
Sold Price
$350,000
Total Days on Market
54
Current Estimated Value
$605,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,657
Avg. Annual Appreciation
13.34%
Original Mortgage
$262,500
Outstanding Balance
$236,380
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$369,277

Purchase Details

Listed on
Aug 9, 2020
Closed on
Dec 14, 2020
Sold by
Regenye Daniel E and Regenye Alysa
Bought by
Feinroth Tzirel L and Spiegel Bashy
Seller's Agent
Robert Dekanski
RE/MAX 1st. Advantage
Buyer's Agent
Yehuda Gold
HomeSmart First Advantage
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Outstanding Balance
$236,380
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$369,277

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
East Point Pleasant Llc -- Universal Title Llc
Feinroth Tzirel L $350,000 Universal Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feinroth Tzirel L $262,500
Previous Owner Regenye Daniel E $319,827
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2020 12/15/20 Sold $350,000 0.0% $134 / Sq Ft
10/02/2020 10/02/20 Pending -- -- --
08/08/2020 08/08/20 For Sale $350,000 -- $134 / 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 $8,260 $573,400 $238,300 $335,100
2023 $7,609 $273,600 $91,900 $181,700
2022 $7,609 $273,600 $91,900 $181,700
2021 $7,283 $273,600 $91,900 $181,700
2020 $7,341 $273,600 $91,900 $181,700
2019 $7,163 $273,600 $91,900 $181,700
2018 $6,914 $273,600 $91,900 $181,700
2017 $6,862 $273,600 $91,900 $181,700
2016 $6,807 $273,600 $91,900 $181,700
2015 $5,988 $293,800 $142,100 $151,700
2014 $6,014 $293,800 $142,100 $151,700
Source: Public Records

Agents Affiliated with this Home

  • Robert Dekanski

    Seller's Agent in 2020

    Robert Dekanski

    RE/MAX

    (800) 691-0485

    3 in this area

    3,063 Total Sales

    Robert Dekanski
    Section Image
  • Nick Homcy

    Seller Co-Listing Agent in 2020

    Nick Homcy

    RE/MAX

    (732) 382-0200

    2 in this area

    399 Total Sales

    Nick Homcy
    Section Image
  • Yehuda Gold

    Buyer's Agent in 2020

    Yehuda Gold

    HomeSmart First Advantage

    (856) 363-3000

    1 in this area

    38 Total Sales

    Yehuda Gold
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22027479

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00031-0000-00005-01

New Jersey Ocean County Ocean Gate 08740 Ocean Gate

127 E Point Pleasant Ave, Ocean Gate, NJ

Homes for Sale in Ocean Gate, NJ

This home is located at 127 E Point Pleasant Ave, Ocean Gate, NJ 08740 since 09 August 2020 and is currently estimated at $605,657, approximately $232 per square foot. This property was built in 1910. 127 E Point Pleasant Ave is a home located in Ocean County with nearby schools including Ocean Gate Elementary School, Central Regional Middle School, and Central Regional High 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.