$991,999
SOLD NOV 18, 2024

31 Abbott Ave Ocean Grove, NJ 07756

5 Beds
3.5 Baths
1,842 Sq Ft
1,742 Sq Ft Lot

Recently Sold

$539 Per Sq Ft

9% Below List Price

23 Days on Market

Highlights

  • Water Views
  • Forced Air Heating System
  • 1-minute walk to Ocean Grove Park
  • Air Conditioning

About This Home

As of November 2024

Convert one unit into 2 BR with additional loft space, rent all three units t projected 6k per month gross or convert to original large single family ( with or without in-law suites ).The options are all wonderful opportunity. 2 porches with ocean views. You can move in any init today ! Any rent will be reduced from purchase price.

Last Agent to Sell the Property

Christopher Kavan

C21/ Coastal Realtors License #1756600 Listed on: 08/24/2024

Last Buyer's Agent

Christopher Kavan

C21/ Coastal Realtors License #1756600 Listed on: 08/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,621

Year Built

  • Built in 1900

Lot Details

  • 1,742 Sq Ft Lot
  • Lot Dimensions are 30 x 64

Home Design

  • Triplex

Interior Spaces

  • 1,842 Sq Ft Home
  • 2-Story Property
  • Water Views
  • Stove

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Dirt Floor
  • Crawl Space

Schools

  • Neptune Middle School

Utilities

  • Air Conditioning
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Separate Meters
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Exclusions: nothing in this property is excluded
  • Assessor Parcel Number 35-00231-0000-00018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,621

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Three Family
  • Subdivision Name: None
  • New Construction: No
  • Year Built: 1900
  • 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 64
  • Location Middle School: Neptune
  • Water Heater Electric2: Yes
  • WaterSewer Public Water: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 2 Gas Stove2: Yes
  • Special Features: None

Interior Features

  • Basement: Dirt Floor, Walk-Out Access, Crawl Space
  • Basement: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Stories: 2
  • Basement:Crawl Space: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Acres: 0.04
  • Waterfront: No
  • Exclusions: nothing in this property is excluded

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Forced Air: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 64
  • Lot Size Sq Ft: 1742.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 35-00231-0000-00018
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 13621.0
  • Tax Other Annual Assessment Amount: 789700.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2007
Sold by
Declerk Richard and Declerk Nancy
Bought by
Mildner Robert
Current Estimated Value
$941,196

Purchase Details

Closed on
May 17, 1995
Sold by
Montague Franziska
Bought by
Williams Jeffery

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,000
Interest Rate
8.34%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $250,000 Transnation Title Ins Co
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $799,999 New Conventional
Previous Owner $35,000 Commercial
Previous Owner $68,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2024 11/18/24 Sold $991,999 -8.9% $539 / Sq Ft
09/16/2024 09/16/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $1,089,000 +150.3% $591 / Sq Ft
08/15/2016 08/15/16 Sold $435,000 -- $233 / 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 $13,621 $789,700 $609,300 $180,400
2023 $13,621 $767,800 $652,100 $115,700
2022 $13,287 $627,300 $439,000 $188,300
2021 $13,287 $639,700 $494,900 $144,800
2020 $13,179 $632,100 $494,900 $137,200
2019 $11,486 $543,600 $414,900 $128,700
2018 $11,420 $534,900 $414,900 $120,000
2017 $9,683 $435,000 $323,900 $111,100
2016 $11,966 $536,600 $397,400 $139,200
2015 $11,679 $533,300 $397,400 $135,900
2014 $10,372 $389,200 $272,400 $116,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Christopher Kavan

    C21/ Coastal Realtors

    (732) 539-3051

    12 in this area

    22 Total Sales

    Christopher Kavan
    Section Image

  • K

    Seller's Agent in 2016

    Karen Pentz

    James J. Pentz, REALTORS

  • L

    Buyer's Agent in 2016

    Laura Massaro

    RE/MAX

    (732) 803-6465

    5 in this area

    8 Total Sales

    Laura Massaro
    Section Image
See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22424661

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00231-0000-00018

New Jersey Monmouth County Ocean Grove 07756

31 Abbott Ave, Ocean Grove, NJ

This home is located at 31 Abbott Ave, Ocean Grove, NJ 07756 and is currently priced at $991,999, approximately $538 per square foot. This property was built in 1900. 31 Abbott 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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