NOT LISTED FOR SALE

127 E Point Pleasant Ave Ocean Gate, NJ 08740

7 Beds
3.5 Baths
2,608 Sq Ft
0.52 Acres Lot

Sale Details

Date Sold: December 15, 2020

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

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 Agent to Sell the Property

Robert Dekanski

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

RE/MAX 1st. Advantage

Co-Listed By

Nick Homcy

RE/MAX 1st. Advantage License #1435504

Last Buyer's Agent

Yehuda Gold

HomeSmart First Advantage License #1971899

HomeSmart First Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,163

Year Built

  • Built in 1910

Lot Details

  • 22,651 Sq Ft 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

  • Wall to Wall Carpet
  • 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

0.52 Acres

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 List PriceSqFt: 134.2
  • 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
  • Heating 2 Zoned Heat: 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2020
Closed on
Jan 11, 2021
Sold by
Bought by
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
$233,164
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2020
Closed on
Dec 14, 2020
Sold by
Bought by
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
$233,164
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Universal Title
$350,000 Universal Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $262,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,442 $573,400 $238,300 $335,100
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

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22027479

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22 00031-0000-00005-0001

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