NOT LISTED FOR SALE

Estimated Value: $1,094,000 - $1,445,000

3 Beds
2 Baths
1,485 Sq Ft
$828/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $736,500 $496 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $8,142/month

91 Days on Market

Highlights

  • Ocean View
  • Wood Flooring
  • Air Conditioning
  • Oceanside
  • Storm Windows
  • 2-minute walk to Founder's Park

About This Home

As of July 2020

This lovely 2 family is the vacation getaway you've been looking for. It's located on the first beach block on the coveted North side of OG, super close to Asbury Park! The downstairs unit is a 1 bedroom with newer flooring, an eat-in kitchen, a washer/dryer and an open porch with ocean views. The upstairs unit features a wide open floor plan with tons of windows and a sunny southern exposure, a huge wrap around porch with ocean views, 1 bedroom, a loft for extra sleeping space and a washer dryer. Use both, use one and collect rent on the other, the choice is yours. This property also has a strong rental history. This property has been maintained but being sold as is.

Last Listed By

Janet Manni

RE/MAX Gateway License #9236673 Listed on: 05/11/2020

RE/MAX Gateway

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,945

Year Built

  • Built in 1880

Lot Details

  • Lot Dimensions are 30 x 46

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Window Screens
  • Ocean Views
  • Crawl Space

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Laminate

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Oceanside
  • Patio
  • Exterior Lighting

Schools

  • Neptune Middle School

Utilities

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

Community Details

  • 2 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • The owner pays for hot water, water, sewer, heat, gas, electricity
  • Assessor Parcel Number 35-00106-0000-00013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,945

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • ResoLotFeatures: Ocean Block, Oceanside
  • Subdivision Name: Ocean Grove
  • Reso Flooring: Wood, Laminate
  • Year Built: 1880
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: 30 x 46
  • Location Middle School: Neptune
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Exterior Storm Window: Yes
  • Exterior Storm Door(s): Yes
  • Cooling Multi Units: Yes
  • Lot Description Ocean Block: Yes
  • Exterior Ocean View: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Stove3: Yes
  • Unit 1 Washer2: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Dryer3: Yes
  • Unit 2 Washer3: Yes
  • Unit 1 Dishwasher4: Yes
  • Unit 1 Dryer2: Yes
  • Floors Laminate2: Yes
  • Exterior Screens2: Yes
  • Unit 2 Dishwasher3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront Features: Oceanside/Beach Blk
  • Waterfront: No
  • Exterior Features: Patio, Storm Door(s), Storm Window, Ocean View, Screens, Lighting
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

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

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 46
  • Parcel #: 35-00106-0000-00013

Rental Info

  • Owner Pays: Hot Water, Water, Sewer, Heat, Gas, Electricity

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 15945.0
  • Tax Other Annual Assessment Amount: 754600.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2002
Sold by
Morgan Barbara Sandberg
Bought by
Schwartz Lisa
Total Days on Market
91
Current Estimated Value
$1,229,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.07%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1995
Sold by
Borders Kathleen
Bought by
Morgan Barbara and Morgan Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
9.17%
Mortgage Type
Commercial

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
Schwartz Lisa $500,000 --
Morgan Barbara $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Akinyemi Ashley $552,375
Closed Edwards Linda D $451,550
Closed Edwards Linda D $468,000
Closed Schwartz Lisa $72,000
Closed Schwartz Lisa $52,000
Closed Schwartz Lisa $26,000
Closed Schwartz Lisa $450,000
Closed Schwartz Lisa $60,000
Closed Schwartz Lisa $350,000
Previous Owner Morgan Barbara $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $736,500 -3.0% $496 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $759,000 +3.1% $511 / Sq Ft
03/27/2020 03/27/20 Off Market $736,500 -- --
02/28/2020 02/28/20 For Sale $759,000 -- $511 / 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 $15,884 $1,034,700 $677,400 $357,300
2023 $15,884 $895,400 $677,400 $218,000
2022 $15,172 $824,800 $643,900 $180,900
2021 $15,945 $730,500 $608,500 $122,000
2020 $15,992 $767,000 $608,500 $158,500
2019 $15,945 $754,600 $608,500 $146,100
2018 $16,087 $753,500 $608,500 $145,000
2017 $12,250 $550,300 $416,000 $134,300
2016 $12,223 $548,100 $416,000 $132,100
2015 $14,080 $642,900 $514,000 $128,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22008050

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00106-0000-00013