NOT LISTED FOR SALE

22 Atlantic Ave Ocean Grove, NJ 07756

Estimated Value: $965,000 - $1,282,000

4 Beds
2 Baths
1,986 Sq Ft
$540/Sq Ft Est. Value

Last Sold February 12, 2024

Last sale price $765,000 $385 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $7,323/month

7 Days on Market

About This Home

As of February 2024

Attention all Investors, Contractors and those Individuals and Families who wish to design their own Two Family or Single family Ocean Grove home. This Legal 2 family has been Completely Gutted. Located just 1.5 blocks to the beach, and 3 blocks to Asbury Park with Ocean Views from Porches, the Restoration Possibilities are Endless! This is your chance to Renovate to a Two Family dwelling or Convert to a Single family home at the NJ Shore! This is an AS IS SALE. Buyers are responsible for Transfer of Title and all inspections, permits and due diligence with HPC and Township, OGCMA.

Last Agent to Sell the Property

Bridget Gannon Smith

Diane Turton, Realtors-Spring Lake License #0683392 Listed on: 11/22/2023

Diane Turton, Realtors-Spring Lake

Last Buyer's Agent

RICHARD CARRANO

EXP Realty License #1970030

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,319

Year Built

  • Built in 1885

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30 x 55

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,986 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Crawl Space

Parking

  • No Garage
  • On-Street Parking

Schools

  • Neptune Middle School

Utilities

  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 35-00108-0000-00011

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,319

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Subdivision Name: Ocean Grove
  • New Construction: No
  • Year Built: 1885
  • Contract Info New Construction: No
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 30 x 55
  • Location Middle School: Neptune
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Garage None4: Yes
  • Cooling No Heat2: Yes
  • Special Features: None

Interior Features

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

Exterior Features

  • Roof: Shingle
  • Acres: 0.04
  • Waterfront: No

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: On Street, None
  • General Property Info:Garage: No
  • Parking:On Street: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 55
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00108-0000-00011
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 12319.0
  • Tax Other Annual Assessment Amount: 912300.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 1990
Bought by
Gannon Gregory and Gannon Gannon,Joseph
Current Estimated Value
$1,073,367
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
Gannon Gregory $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goon Katie M $1,134,080
Closed Gannon Gregory G $276,000
Closed Gannon Joseph A $15,129
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2024 02/12/24 Sold $765,000 +5.5% $385 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/22/2023 11/22/23 For Sale $725,000 -- $365 / 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 $17,833 $1,158,600 $644,200 $514,400
2024 $16,184 $1,037,400 $606,300 $431,100
2023 $16,184 $912,300 $649,200 $263,100
2022 $13,714 $654,900 $436,600 $218,300
2021 $11,869 $660,300 $492,500 $167,800
2020 $13,584 $651,500 $492,500 $159,000
2019 $11,869 $561,700 $412,500 $149,200
2018 $11,969 $560,600 $412,500 $148,100
2017 $11,845 $532,100 $395,000 $137,100
2016 $11,817 $529,900 $395,000 $134,900
2015 $11,535 $526,700 $395,000 $131,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Bridget Gannon Smith

    Diane Turton, Realtors-Spring Lake

    (732) 768-4354

    5 in this area

    16 Total Sales

    Bridget Gannon Smith
    Section Image

  • R

    Buyer's Agent in 2024

    RICHARD CARRANO

    EXP Realty

    (609) 495-4156

    2 in this area

    28 Total Sales

    RICHARD CARRANO
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22332297

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00108-0000-00011

New Jersey Monmouth County Ocean Grove 07756

22 Atlantic Ave, Ocean Grove, NJ

This home is located at 22 Atlantic Ave, Ocean Grove, NJ 07756 since 22 November 2023 and is currently estimated at $1,073,367, approximately $540 per square foot. This property was built in 1885. 22 Atlantic Ave is a home located in Monmouth County with nearby schools including Neptune High School, Hope Academy Charter School, and Our Lady of Mount Carmel 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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