NOT LISTED FOR SALE

1309 Ocean Front Point Pleasant Beach, NJ 08742

Point Pleasant Beach Neighborhood

Estimated Value: $2,212,000 - $3,089,000

6 Beds
4 Baths
3,840 Sq Ft
$724/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $2,300,000 $599 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $18,794/month

33 Days on Market

Highlights

  • Beach Front
  • Ocean View
  • Deck
  • G Harold Antrim Elementary School Rated A-
  • Oceanside
  • Balcony

About This Home

As of May 2024

Calling all investors!...or those looking for an Oceanfront compound! Welcome to 1309 Ocean Front, a RARE 4-unit multi-family property located directly on the Point Pleasant Beach oceanfront! The 2 units on 1st level are both 2BR 1 bath w/ galley kitchens, open living/dining combo with slider access to private deck area with direct access onto the sand! Upstairs is two 3BR 1 bath units with similar open living space as well as incredible Ocean & beach views! Common stairway leads to common laundry & yard/beach access. Another common stair leads to driveway. Parking for 4 vehicles, each unit having a dedicated space. Baseboard heat & ac units but nothing beats the cool Ocean breeze here. Boardwalk area just blocks away. Significant potential as a seasonal rental income producing property!

Last Agent to Sell the Property

James Ward

Keller Williams Realty Ocean Living License #0120228 Listed on: 03/07/2024

Keller Williams Realty Ocean Living

Last Buyer's Agent

James Ward

Keller Williams Realty Ocean Living License #0120228 Listed on: 03/07/2024

Keller Williams Realty Ocean Living

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $27,981

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Beach Front

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 4 Parking Spaces
  • No Garage
  • Unpaved Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Oceanside
  • Balcony
  • Deck

Schools

  • Antrim Elementary School
  • Point Pleasant Beach High School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 26-00017-01-00022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$27,981

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Beachfront, Oceanfront, Oceanside
  • Subdivision Name: None
  • Reso Flooring: See Remarks, Other
  • Reso Interior Features: Balcony, Cable TV
  • New Construction: No
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • Water Type Oceanfront: Yes
  • Water Type Oceanview: Yes
  • WaterSewer Public Sewer: Yes
  • Lot Description Oceanfront2: Yes
  • General Property Info Lot Dimensions: 50 x 140
  • Water Heater Electric2: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • General Property Info Handicap Access: No
  • Interior Balcony: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Parking Unpaved: Yes
  • Cooling Multi Units: Yes
  • Water Type Beachfront: Yes
  • General Property Info # Parking Spaces: 4.0
  • Exterior Ocean View: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 2 AC Unit2: Yes
  • Lot Description Beachfront2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Gas Stove10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 4 AC Unit10: Yes
  • Exterior Beach Access2: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Features Interior:Cable TV: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.16
  • Waterfront Features: Beachfront, Oceanfront, Oceanside/Beach Blk, Oceanview
  • Waterfront: Yes
  • Exterior Features: Deck, Beach Access, Ocean View
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Off Street, None, Assigned, Unpaved
  • Total Parking Spaces: 4.0
  • General Property Info:Garage: No
  • ParkingOffStreet: Yes
  • Parking:Assigned2: Yes

Utilities

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

Lot Info

  • Lot Dimensions: 50 x 140
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 26-00017-01-00022
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 27981.0
  • Tax Other Annual Assessment Amount: 1728300.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Antrim
  • High School: Point Pleasant Beach

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
May 9, 2024
Sold by
Eaf Two Llc
Bought by
368 Paterson Avenue E R Llc
Seller's Agent
James Ward
Keller Williams Realty Ocean Living
Buyer's Agent
James Ward
Keller Williams Realty Ocean Living
List Price
$2,750,000
Sold Price
$2,300,000
Premium/Discount to List
-$450,000
-16.36%
Views
740
Current Estimated Value
$3,078,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$778,320
Avg. Annual Appreciation
23.52%
Original Mortgage
$1,725,000
Outstanding Balance
$1,700,812
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$1,377,508

Purchase Details

Closed on
Aug 3, 2018
Sold by
Ocean Front Rentals Llc
Bought by
1309 Ocean Front Ppb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2017
Sold by
Mueller William M
Bought by
Ocean Front Rentals Llc
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
368 Paterson Avenue E R Llc $2,300,000 Trident Abstract Title
368 Paterson Avenue E R Llc $2,300,000 Trident Abstract Title
1309 Ocean Front Ppb Llc $1,600,000 None Available
Ocean Front Rentals Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 368 Paterson Avenue E R Llc $1,725,000
Closed 368 Paterson Avenue E R Llc $1,725,000
Previous Owner 1309 Ocean Front Ppb Llc $1,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2024 05/16/24 Sold $2,300,000 -16.4% $599 / Sq Ft
04/09/2024 04/09/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $2,750,000 -- $716 / 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
2025 $29,692 $1,728,300 $1,300,500 $427,800
2024 $28,793 $1,728,300 $1,300,500 $427,800
2023 $27,981 $1,728,300 $1,300,500 $427,800
2022 $27,981 $1,728,300 $1,300,500 $427,800
2021 $27,359 $1,728,300 $1,300,500 $427,800
2020 $27,324 $1,728,300 $1,300,500 $427,800
2019 $26,944 $1,728,300 $1,300,500 $427,800
2018 $26,529 $1,728,300 $1,300,500 $427,800
2017 $26,115 $1,728,300 $1,300,500 $427,800
2016 $26,236 $1,728,300 $1,300,500 $427,800
2015 $26,028 $1,728,300 $1,300,500 $427,800
2014 $25,907 $1,728,300 $1,300,500 $427,800
Source: Public Records

Agents Affiliated with this Home

  • James Ward

    Seller's Agent in 2024

    James Ward

    Keller Williams Realty Ocean Living

    (732) 995-2441

    34 in this area

    141 Total Sales

    James Ward
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22406302

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 26-00017-01-00022

New Jersey Ocean County Point Pleasant Beach 08742 Point Pleasant Beach

1309 Ocean Front, Point Pleasant Beach, NJ

This home is located at 1309 Ocean Front, Point Pleasant Beach, NJ 08742 since 07 March 2024 and is currently estimated at $2,778,983, approximately $723 per square foot. 1309 Ocean Front is a home located in Ocean County with nearby schools including G Harold Antrim Elementary School, Point Pleasant Beach High School, and St. Peter 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.

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