NOT LISTED FOR SALE

301 Ocean Gate Ave Ocean Gate, NJ 08740

Estimated Value: $552,000 - $611,000

6 Beds
2 Baths
2,750 Sq Ft
$215/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $280,000 $102 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $3,923/month

123 Days on Market

Highlights

  • Water Views
  • Deck
  • Forced Air Heating System

About This Home

As of August 2018

Large Mulit-Family property in Ocean Gate less than 2 blocks from the mile long beach and boardwalk on the Toms River! This recently updated 2 unit home has 3 bedrooms and a full bathroom on the first floor and the same on the second floor with separate entrances. This is a unique opportunity in this up and coming and evolving beach town to have 2 income producing units, or live in/summer in one and rent out the other. The property has recently been completely overhauled both inside and out, and is located on ''The Avenue'' with an eclectic and charming mix of residential homes, shops, restaurants, stores and the Historic Ocean Gate Yacht Club, plus it's only a short ride to the ocean beaches of Seaside and Lavalette. Don't miss your chance to see what possibilities may be in store for you

Last Agent to Sell the Property

Robert Lange

RE/MAX Gateway License #1329516 Listed on: 02/12/2018

RE/MAX Gateway

Co-Listed By

John Glancy

RE/MAX at Barnegat Bay License #8830435

Last Buyer's Agent

Joseph Palatnik

Weichert Realtors-Toms River License #0678955

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,227

Year Built

  • Built in 1950

Lot Details

  • 4,008

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Crawl Space

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Central Regional High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Deck
  • Lot Dimensions are 40 x 100

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 22-00024-0000-00001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,227

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Two Family
  • Co List Office Mls Id: 1420
  • Co List Office Phone: 732-473-1700
  • Subdivision Name: None
  • Year Built: 1950
  • General Property Info Waterview: Yes
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 40 x 100
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • ExteriorDeck: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Roof: Shingle
  • Waterfront: No
  • Exterior Features: Deck
  • Construction:Siding - Vinyl: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Lot Info

  • Lot Dimensions: 40 x 100
  • Parcel #: 22-00024-0000-00001

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6227.0
  • Tax Other Annual Assessment Amount: 248300.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2019
Sold by
Germann Robert and Raspantini Kaitlyn
Bought by
Og Rentals Llc
Current Estimated Value
$590,653

Purchase Details

Listed on
Feb 12, 2018
Closed on
Aug 29, 2018
Sold by
Brookstone 8 Llc
Bought by
Germann Robert and Raspantini Kaitlyn
Seller's Agent
Robert Lange
RE/MAX Gateway
Buyer's Agent
Joseph Palatnik
Weichert Realtors-Toms River
Sold Price
$280,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$210,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 30, 2012
Closed on
Apr 18, 2013
Sold by
Trucap Reo Corp
Bought by
Brookstone 8 Llc
Seller's Agent
John Glancy
RE/MAX at Barnegat Bay - Toms River
Buyer's Agent
John Glancy
RE/MAX at Barnegat Bay - Toms River
List Price
$199,000
Sold Price
$125,000
Premium/Discount to List
-$74,000
-37.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.20%

Purchase Details

Closed on
Apr 2, 2012
Sold by
Serido David
Bought by
Trucap Reo Corp

Purchase Details

Closed on
Nov 30, 2007
Sold by
Walsh Frances
Bought by
Serido David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 2007
Sold by
Ricigliano Daniel W and Ricigliano Carole J
Bought by
Walsh Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Og Rentals Llc $209,347 Fidelity National Ttl Ins Co
Germann Robert $280,000 None Available
Brookstone 8 Llc $125,000 None Available
Trucap Reo Corp -- None Available
Serido David $350,000 None Available
Walsh Frances $250,000 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Germann Robert $210,000
Previous Owner Serido David $315,000
Previous Owner Walsh Frances $25,000
Previous Owner Walsh Frances $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2018 08/29/18 Sold $280,000 +124.0% $102 / Sq Ft
04/18/2013 04/18/13 Sold $125,000 -37.2% -- View Prior Sale
04/12/2013 04/12/13 Pending -- -- --
05/30/2012 05/30/12 For Sale $199,000 -- --
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 $9,492 $577,400 $146,000 $431,400
2024 $7,496 $577,400 $146,000 $431,400
2023 $6,905 $248,300 $66,700 $181,600
2022 $6,905 $248,300 $66,700 $181,600
2021 $6,610 $248,300 $66,700 $181,600
2020 $6,662 $248,300 $66,700 $181,600
2019 $6,500 $248,300 $66,700 $181,600
2018 $6,275 $248,300 $66,700 $181,600
2017 $6,227 $248,300 $66,700 $181,600
2016 $6,178 $248,300 $66,700 $181,600
2015 $6,153 $301,900 $100,000 $201,900
2014 $6,180 $301,900 $100,000 $201,900
Source: Public Records

Agents Affiliated with this Home

  • Robert Lange

    Seller's Agent in 2018

    Robert Lange

    RE/MAX

    (732) 300-4307

    58 in this area

    400 Total Sales

    Robert Lange
    Section Image
  • John Glancy

    Seller Co-Listing Agent in 2018

    John Glancy

    RE/MAX at Barnegat Bay

    (732) 914-0074

    65 Total Sales

    John Glancy
    Section Image

  • J

    Buyer's Agent in 2018

    Joseph Palatnik

    Weichert Realtors-Toms River

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21805152

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00024-0000-00001

New Jersey Ocean County Ocean Gate 08740

301 Ocean Gate Ave, Ocean Gate, NJ

This home is located at 301 Ocean Gate Ave, Ocean Gate, NJ 08740 since 12 February 2018 and is currently estimated at $590,653, approximately $214 per square foot. This property was built in 1950. 301 Ocean Gate Ave is a home located in Ocean County with nearby schools including Ocean Gate Elementary School, Central Regional Middle School, and Central 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.

Nearby Homes