NOT LISTED FOR SALE

1540 Ocean Ave Unit 12 Sea Bright, NJ 07760

Sea Bright Neighborhood

Estimated Value: $1,454,000 - $1,770,322

3 Beds
3.5 Baths
2,599 Sq Ft
$630/Sq Ft Est. Value

Last Sold October 07, 2019

Last sale price $895,000 $344 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $10,226/month

32 Days on Market

Highlights

  • Outdoor Pool
  • Waterfront
  • Deck
  • Wolf Hill Elementary School Rated A-
  • 5.45 Acre Lot
  • Wood Flooring

About This Home

As of October 2019

Must see! Designer's own luxury townhome with ocean and Shrewsbury River views. This immaculate, extra-wide end unit has 7 additional side windows for a bright, open floor plan. Watch both the sun and moon rise over the ocean from your master suite, then stroll over to the bulkhead to watch the sunsets. Features 2-3 bedrooms, four decks and a covered patio for entertaining. Two car direct-entry garage with storage, plus ample guest parking. Pet Friendly. Desirable, ''Ocean Reef'' has just 24 residences on 5.45 riverfront acres and is set far back from Ocean Avenue, making it much quieter than most Sea Bright communities. This unit has the highest elevation in Ocean Reef. Pool & Tennis court. Walk across the street to a wide, uncrowded beach.

Last Agent to Sell the Property

Susan McLaughlin

Keller Williams Realty East Monmouth License #9693916 Listed on: 06/10/2019

Last Buyer's Agent

Susan McLaughlin

Veltri & Associates, Realtors

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $10,914

Lot Details

  • Waterfront
  • End Unit
  • Sprinkler System

HOA Fees

  • $697 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 2,599 Sq Ft Home
  • 3-Story Property
  • Tray Ceiling
  • Skylights
  • 1 Fireplace
  • Thermal Windows
  • Sliding Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Wood Flooring
  • Water Views
  • Home Security System

Kitchen

  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on third floor
  • Marble Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Primary Bathroom Bathtub Only
  • Primary Bathroom includes a Walk-In Shower

Outdoor Features

  • Outdoor Pool
  • Balcony
  • Deck
  • Patio
  • Exterior Lighting

Schools

  • Wolf Hill Elementary School
  • Maple Place Middle School
  • Shore Reg High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • Ocean Reef Subdivision, End Unit Floorplan

Listing and Financial Details

  • Assessor Parcel Number 42-00001-04-00024

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$10,914

Lot Details

0

HOA Fees

$697 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Model: End Unit
  • Subdivision Name: Ocean Reef
  • Architectural Style: End Unit, Townhouse
  • Property Attached Yn: Yes
  • General Property Info Waterview: Yes
  • General Property Info Fireplace: Yes
  • General Property Info Basement: No
  • General Property Info # Parking Spaces2: 2.0
  • General Property Info HOA: Yes
  • General Property Info Pool: Yes
  • Style Attached2: Yes
  • WaterSewer Public Sewer: Yes
  • Kitchen Center Island: Yes
  • Exterior Balcony2: Yes
  • ExteriorPatio: Yes
  • Exterior Swimming: Yes
  • General Property Info Acreage: 5.45
  • Location Middle School: Maple Place
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • General Property Info Handicap Access: No
  • General Property Info # Fireplaces: 1.0
  • Exterior Sprinkler Under: Yes
  • Exterior Thermal Window: Yes
  • Style Townhouse: Yes
  • Kitchen Sliding Door5: Yes
  • Kitchen GraniteStone Counter: Yes
  • ExteriorDeck: Yes
  • Kitchen Floor - Wood4: Yes
  • Exterior Tennis Court(s): Yes
  • Living Room Sliding Door2: Yes
  • Style End Unit: Yes
  • Exterior Security System3: Yes
  • Cooling 2 Zoned AC: Yes
  • Heating 2 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplaces: 1
  • Total Bedrooms: 10
  • Stories: 3
  • Basement:None2: Yes
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Foyer: Yes
  • Primary Bath:Shower Stall: Yes
  • Primary Bath:Tub: Yes
  • Primary Bath Double Sinks: Yes
  • Primary Bath Skylight6: Yes
  • Primary Bath TRYVLTCATH2: Yes
  • Primary Bedroom Level Third43: Yes
  • Primary Bath Marble7: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 5.45
  • Waterfront: Yes
  • Exterior Features: Balcony, Deck, Patio, Security System, Sprinkler Under, Swimming, Thermal Window, Lighting, Tennis Court(s)

Garage/Parking

  • Garage: Yes
  • Garage Spaces: 2.0
  • Total Parking Spaces: 2.0
  • General Property Info:Garage: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 697.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Maple Place

Lot Info

  • Lot Size Sq Ft: 237402.0
  • Parcel #: 42-00001-04-00024

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 10914.0

MLS Schools

  • Elementary School: Wolf Hill
  • High School: Shore Reg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Oct 4, 2019
Sold by
Lynch Anthony J
Bought by
Walton Kenneth J and Walton Shari J
Seller's Agent
Susan McLaughlin
Keller Williams Realty East Monmouth
Buyer's Agent
Susan McLaughlin
Veltri & Associates, Realtors
Sold Price
$895,000
Current Estimated Value
$1,638,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$743,331
Avg. Annual Appreciation
10.33%
Original Mortgage
$500,000
Outstanding Balance
$438,990
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,168,976

Purchase Details

Closed on
Jun 7, 2019
Sold by
Lynch Anthony J and Finn Eileen
Bought by
Lynch Anthony J

Purchase Details

Closed on
Feb 21, 2018
Sold by
Lynch Anthony J
Bought by
Finn Eileen and Lynch Anthony J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.38%

Purchase Details

Closed on
Aug 28, 2000
Sold by
Lapides Jerome
Bought by
Cohen Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
8.16%

Purchase Details

Closed on
Jan 14, 1994
Sold by
Higdon Marda
Bought by
Lapides Jerome and Lapides Elaine
Source: Public Records

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
Walton Kenneth J $895,000 Trident Abstract Ttl Agcy Ll
Lynch Anthony J -- None Available
Finn Eileen -- --
Cohen Jason $425,000 --
Lapides Jerome $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walton Kenneth J $500,000
Previous Owner Finn Eileen --
Previous Owner Lynch Anthony J $608,000
Previous Owner Cohen Jason $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2019 10/07/19 Sold $895,000 +17.8% $344 / Sq Ft
04/13/2017 04/13/17 Sold $760,000 -- $315 / 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 $10,523 $1,231,200 $918,700 $312,500
2024 $9,571 $1,100,700 $793,500 $307,200
2023 $9,571 $934,700 $670,500 $264,200
2022 $10,970 $914,000 $650,500 $263,500
2021 $10,173 $881,100 $620,500 $260,600
2020 $10,173 $792,300 $580,500 $211,800
2019 $10,484 $772,600 $564,500 $208,100
2018 $10,914 $760,000 $534,500 $225,500
2017 $10,514 $720,600 $502,000 $218,600
2016 $8,539 $654,300 $460,000 $194,300
2015 $9,432 $470,200 $250,000 $220,200
2014 $10,430 $522,300 $250,000 $272,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Susan McLaughlin

    Keller Williams Realty East Monmouth

  • B

    Seller's Agent in 2017

    Bernadette Barnette

    Coldwell Banker Realty

    (908) 902-5035

    1 in this area

    75 Total Sales

    Bernadette Barnette
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21924047

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 42-00001-04-00024

New Jersey Monmouth County Sea Bright 07760 Sea Bright

1540 Ocean Ave Unit 12, Sea Bright, NJ

This home is located at 1540 Ocean Ave Unit 12, Sea Bright, NJ 07760 since 10 June 2019 and is currently estimated at $1,638,331, approximately $630 per square foot. 1540 Ocean Ave Unit 12 is a home located in Monmouth County with nearby schools including Wolf Hill Elementary School, Maple Place Elementary and Middle School, and Shore 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.

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