RENTED FEB 19, 2025

31 Atlantic Ave Unit 1W SUMMER Ocean Grove, NJ 07756

Estimated Value: $1,086,000 - $1,407,000

1 Bed
1 Bath
-- Sq Ft
1,917 Sq Ft Lot

Highlights

  • Wood Flooring
  • Porch
  • Multiple cooling system units
  • Furnished
  • Eat-In Kitchen
  • 1-minute walk to Founder's Park

About This Home

As of February 2025

SUMMER RENTALL - Comfortable first floor one-bedroom, one bath apartment with direct access to front porch. Close to beach, town and Asbury Park but easy on-street parking in the off-season. Living room with sofabed, SMART TV, wifi, fully stocked eat-in kitchen, bathroom with stall shower and bedroom with full size bed. Everything included - just bring your tooth brush. Quiet, well behaved dog welcomed too for additional pet rent! Full Season Rental (June 1- Sept 1) avail for $14,000. Monthly at $4000 for June, $5500 for July or August. 2 beach badges, beach chairs, A/C and wifi. $500 refundable security deposit and $150 exit cleaning fee. No smokers please.

Last Agent to Rent the Property

Michele DeRose

RE/MAX Gateway License #1969530 Listed on: 01/20/2025

RE/MAX Gateway

Last Renter's Agent

Janet Manni

RE/MAX Gateway License #9236673

RE/MAX Gateway

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $19,420

Year Built

  • 1910

Lot Details

  • 1,917

Interior Spaces

  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Living Room

Kitchen

  • Eat-In Kitchen
  • Stove
  • Microwave

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Primary Bathroom includes a Walk-In Shower

Parking

  • No Garage
  • On-Street Parking

Schools

  • Neptune Middle School

Utilities

  • Multiple cooling system units
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Lower Level

Listing and Financial Details

  • Security Deposit $500
  • Month-to-Month Lease Term
  • Short Term Lease
  • Assessor Parcel Number 35-00105-0000-00019

Community Details

Overview

  • 4 Units
  • Ocean Grove Subdivision

Pet Policy

  • Dogs Allowed

Property Details

Home Type

Apartment

Est. Annual Taxes

$19,420

Year Built

1910

Lot Details

0

Rental Info

  • Furnished: Furnished

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Inclusions: Stove, Ceiling Fan(s), Microwave, Refrigerator
  • Subdivision Name: Ocean Grove
  • Architectural Style: Lower Level
  • Reso Flooring: Laminate, Wood
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • Location Middle School: Neptune
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Exterior Porch - Open: Yes
  • Garage None4: Yes
  • Included Ceiling Fan(s): Yes
  • Floors Laminate: Yes
  • Kitchen Eat-In: Yes
  • Maintenance Fees Security Deposit3: 500.0
  • Lease Requirements Security Deposit4: Yes
  • Cooling Multi Units: Yes
  • Allowable Dogs2: Yes
  • Furnished Full2: Yes
  • Lease Terms Month to Month: Yes
  • Lease Terms Short Term: Yes
  • Style Lower Level: Yes
  • Special Features: None
  • Year Built (Public Record): 1910

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Stories: 1
  • Stories: 1
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Microwave: Yes
  • BasementOther: Yes
  • Primary Bath Shower Stall2: Yes

Exterior Features

  • Waterfront: No
  • Exterior Features: Porch - Open

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
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Parcel #: 35-00105-0000-00019

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2018
Sold by
Ocean Grove Associates Llc
Bought by
Macdonald Petra
Current Estimated Value
$1,280,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Outstanding Balance
$359,901
Interest Rate
4.62%
Estimated Equity
$920,980

Purchase Details

Closed on
Dec 12, 1996
Sold by
Bates Cristopher
Bought by
Busch Alfred and Busch Dorothy

Purchase Details

Closed on
Oct 6, 1994
Sold by
Lang Steven
Bought by
Bates Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
8.43%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Macdonald Petra $729,000 --
Busch Alfred $140,000 --
Bates Christopher $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Macdonald Petra $410,000
Closed Macdonald Petra --
Previous Owner Bates Christopher $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/19/2025 02/19/25 Rented $14,000 +154.5% --
02/07/2025 02/07/25 Under Contract -- -- --
01/20/2025 01/20/25 For Rent $5,500 -59.3% --
03/26/2024 03/26/24 Rented $13,500 -6.9% --
03/08/2024 03/08/24 Under Contract -- -- --
01/12/2024 01/12/24 For Rent $14,500 +7.4% --
02/20/2023 02/20/23 Rented $13,500 0.0% --
01/13/2023 01/13/23 For Rent $13,500 +14.4% --
08/15/2021 08/15/21 Rented $11,800 +883.3% --
08/08/2021 08/08/21 Price Changed $1,200 -20.0% --
06/29/2021 06/29/21 Price Changed $1,500 +25.0% --
06/08/2021 06/08/21 Price Changed $1,200 -73.3% --
01/07/2021 01/07/21 For Rent $4,500 -67.9% --
03/09/2020 03/09/20 Rented $14,000 +366.7% --
01/06/2020 01/06/20 For Rent $3,000 -- --
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 $19,420 $1,208,600 $678,500 $530,100
2024 $17,318 $1,129,700 $609,300 $520,400
2023 $17,318 $976,200 $652,100 $324,100
2022 $15,648 $747,500 $439,000 $308,500
2021 $12,744 $753,400 $494,900 $258,500
2020 $15,425 $739,800 $494,900 $244,900
2019 $12,744 $603,100 $414,900 $188,200
2018 $12,846 $601,700 $414,900 $186,800
2017 $12,695 $570,300 $397,400 $172,900
2016 $12,657 $567,600 $397,400 $170,200
2015 $12,341 $563,500 $397,400 $166,100
2014 $11,875 $445,600 $272,400 $173,200
Source: Public Records

Agents Affiliated with this Home

  • Michele DeRose

    Landlord's Agent in 2025

    Michele DeRose

    RE/MAX

    (732) 361-0770

    16 in this area

    24 Total Sales

    Michele DeRose
    Section Image

  • J

    Tenant's Agent in 2025

    Janet Manni

    RE/MAX

    (732) 208-6399

    19 in this area

    43 Total Sales

    Janet Manni
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22501746

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00105-0000-00019

New Jersey Monmouth County Ocean Grove 07756

31 Atlantic Ave Unit 1W SUMMER, Ocean Grove, NJ

Not Listed for Sale

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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