NOT LISTED FOR SALE

31 Atlantic Ave Ocean Grove, NJ 07756

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

4 Beds
4 Baths
2,332 Sq Ft
$549/Sq Ft Est. Value

Last Sold December 12, 2018

Last sale price $729,000 $313 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $8,362/month

25 Days on Market

Highlights

  • Deck
  • Zoned Heating
  • 1-minute walk to Founder's Park
  • Air Conditioning

About This Home

As of December 2018

Fabulous Four-Family Just Two Short Blocks to The Beach & Red-Hot Asbury Park! This Is Your Chance to Own a Well-Cared For, Turn-Key, Income-Producing Property at The Beach! Each Unit Features One Bedroom Plus Living Room, Kitchen & Bath. The Two Units on The South-Facing First Floor Are Beautifully Maintained & Sell-Out Consistently for Summer & Winter Rentals. The Spacious Porch Allows for Outdoor Entertaining. The Two Upper Rear Units Are on Annual Leases & Have a Huge Back Deck for Al Fresco Enjoyment. Average Annual Income is $73,000. Each Unit is Set Up w/ Separate Electric & Heat. Landlord Pays Cooking Gas, Water & Sewer. Updated on State & Local Inspections Too! All Furnishings Incl. for First Floor Units (1W & 1E). Tenants Furnishings in Upper Units Not Included (2W & 2E)

Last Agent to Sell the Property

Thea Bowers

RE/MAX Gateway License #0787334 Listed on: 09/23/2018

RE/MAX Gateway

Last Buyer's Agent

Margaret Sieczkowski

Jack Green Realty License #1326636

Jack Green Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,695

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 30 x 64

Home Design

  • Quadruplex

Interior Spaces

  • 2,332 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Stove

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Neptune Middle School

Utilities

  • Air Conditioning
  • Multiple cooling system units
  • Zoned Heating
  • Heating System Uses Natural Gas
  • Furnace
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 4 Units
  • Ocean Grove Subdivision

Listing and Financial Details

  • Exclusions: Tenants personal belongings in 2nd floor units
  • Tenant pays for hot water, heat, gas, electricity
  • The owner pays for yard maintenance, water, snow removal, sewer
  • Assessor Parcel Number 35-00105-0000-00019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,695

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • Subdivision Name: Ocean Grove
  • New Construction: No
  • Year Built: 1910
  • Contract Info List PriceSqFt: 312.61
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: No
  • 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
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Lighting: Yes
  • Garage None4: Yes
  • ExteriorDeck: Yes
  • Cooling Multi Units: Yes
  • Unit 1 AC Unit: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 1 Gas Meter3: Yes
  • Unit 1 Water Heater: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 2 Furnace2: Yes
  • Unit 2 Water Heater2: Yes
  • Unit 1 Furnace: Yes
  • Unit 1 Gas Stove: Yes
  • Unit 2 Water Meter2: Yes
  • Unit 3 Furnace3: Yes
  • Unit 3 Gas Stove3: Yes
  • Unit 4 Furnace10: Yes
  • Unit 2 Gas Stove2: Yes
  • Unit 3 AC Unit3: Yes
  • Unit 3 Water Heater3: Yes
  • Unit 4 AC Unit10: Yes
  • Heating 3 Zoned Heat: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 2
  • Basement:Crawl Space: Yes

Exterior Features

  • Waterfront: No
  • Exclusions: Tenants personal belongings in 2nd floor units
  • Exterior Features: Deck, Lighting

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
  • Heating: 3+ Zoned Heat
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Schools

  • Middle Or Junior School: Neptune

Lot Info

  • Lot Dimensions: 30 x 64
  • Parcel #: 35-00105-0000-00019
  • Zoning Description: Single Family, Residential, Multi-Family

Rental Info

  • Tenant Pays: Hot Water, Heat, Gas, Electricity
  • Owner Pays: Yard Maintenance, Water, Snow Removal, Sewer

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 12695.0
  • Tax Other Annual Assessment Amount: 601700.0

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2018
Closed on
Dec 21, 2018
Sold by
Ocean Grove Associates Llc
Bought by
Macdonald Petra
Seller's Agent
Thea Bowers
RE/MAX Gateway
Buyer's Agent
Margaret Sieczkowski
Jack Green Realty
Sold Price
$729,000
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.
Estimated Appreciation
$551,881
Avg. Annual Appreciation
8.42%
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
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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
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
12/12/2018 12/12/18 Sold $729,000 -- $313 / 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 $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

  • Thea Bowers

    Seller's Agent in 2018

    Thea Bowers

    RE/MAX

    (732) 361-0770

    73 in this area

    126 Total Sales

    Thea Bowers
    Section Image

  • M

    Buyer's Agent in 2018

    Margaret Sieczkowski

    Jack Green Realty

    (201) 961-2614

    24 in this area

    31 Total Sales

    Margaret Sieczkowski
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 21837619

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 35-00105-0000-00019

New Jersey Monmouth County Ocean Grove 07756

31 Atlantic Ave, 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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