NOT LISTED FOR SALE

317 Ocean Gate Ave Ocean Gate, NJ 08740

Estimated Value: $898,413

8 Beds
4.5 Baths
4,176 Sq Ft
$215/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $800,000 $192 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $6,029/month

83 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Detached Garage
  • Attic
  • Balcony
  • Patio

About This Home

As of June 2023

In the heart of the Business District of the Borough of Ocean Gate is a .23 acre corner parcel of land with a *well maintained and fully occupied* investment opportunity for you! This Historic building features: A 728ft store front commercial unit with additional office spaces, small seating area, half bath, central air, forced hot air (via one central gas fired boiler) four apartment dwellings, each includes two bedrooms and one full bath, kitchen, living room and separate entrances-two upper and two lower units, radiator heat, ceramic and hardwood floors throughout building, full basement, attic space, pretty courtyard, individual electric meters, garage/workshop (792ft/new roof), coin-op laundry room and additional 40x100 buildable lot. Located in Flood Zone X. Blocks from beach! *Firewall between Quad and Commercial areas. Garage has large half bath.

Last Agent to Sell the Property

Alison Elias

RE/MAX New Beginnings Realty-Toms River Listed on: 02/13/2023

Last Buyer's Agent

Alison DiRodrico

Exit Realty Advantage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,333

Year Built

  • Built in 1950

Lot Details

  • Corner Lot
  • Subdivision Possible

Home Design

  • Quadruplex
  • Shingle Roof
  • Wood Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 4,176 Sq Ft Home
  • 2-Story Property
  • Attic
  • Partially Finished Basement

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 8 Bedrooms

Parking

  • Detached Garage
  • Workshop in Garage
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage

Schools

  • Central Regional High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Furnace
  • Separate Meters
  • Natural Gas Water Heater

Community Details

  • 5 Units
  • Fenced Storage

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water, sewer
  • Assessor Parcel Number 22-00024-0000-00015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,333

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Four Family
  • ResoLotFeatures: Corner Lot, Subdividable
  • Subdivision Name: None
  • Reso Flooring: Wood, Ceramic Tile
  • Reso Interior Features: Attic, Balcony
  • New Construction: No
  • Year Built: 1950
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • ExteriorPatio: Yes
  • General Property Info Lot Dimensions: add lot 40x100
  • Lot Description Corner Lot: Yes
  • Cooling Central Air: Yes
  • Roof Shingled: Yes
  • WaterSewer Public Water: Yes
  • Floors Ceramic Tile: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • General Property Info Handicap Access: No
  • Interior Attic: Yes
  • Interior Balcony: Yes
  • Cooling Electric3: Yes
  • Siding Stucco - Cement: Yes
  • Siding Wood2: Yes
  • Unit 1 Electric Meter: Yes
  • Unit 2 AC Unit2: Yes
  • Unit 2 Electric Meter2: Yes
  • Unit 1 Furnace: Yes
  • Unit 3 AC Unit3: Yes
  • Garage Workshop2: Yes
  • Unit 4 AC Unit10: Yes
  • Exterior Locked Storage2: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished
  • Basement: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Stories: 2
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle, Wood
  • Waterfront: No
  • Exclusions: Personal Property
  • Construction Type: Stucco
  • Exterior Features: Patio, Locked Storage

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Parking Features: Off Street, Detached, Workshop in Garage
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes

Utilities

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

Lot Info

  • Lot Dimensions: add lot 40x100
  • Parcel #: 22-00024-0000-00015
  • Zoning Description: Mixed, Commercial, Central Business

Rental Info

  • Tenant Pays: Electricity
  • Owner Pays: Water, Sewer

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 11333.0
  • Tax Other Annual Assessment Amount: 407500.0

Multi Family

  • Number Of Units Total: 5

MLS Schools

  • High School: Central Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Jun 16, 2023
Sold by
317 Ocean Gate Llc
Bought by
Bline 1301 Realty Llc
Seller's Agent
Alison Elias
RE/MAX New Beginnings Realty-Toms River
Buyer's Agent
Alison DiRodrico
Exit Realty Advantage
List Price
$800,000
Sold Price
$800,000
Views
301
Current Estimated Value
$898,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,413
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
May 18, 2010
Sold by
Prosser Thomas and Leary Brenda
Bought by
317 Ocean Gate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 11, 2000
Sold by
Rtcp Associates
Bought by
Prosser Thomas and Leary Brenda
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
Bline 1301 Realty Llc $800,000 Surety Title
317 Ocean Gate Llc -- None Available
Prosser Thomas $139,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 317 Ocean Gate Llc $375,000
Previous Owner 317 Ocean Gate Llc $300,000
Previous Owner Prosser Thomas A $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2023 06/16/23 Sold $800,000 0.0% $192 / Sq Ft
05/07/2023 05/07/23 Pending -- -- --
05/06/2023 05/06/23 For Sale $800,000 0.0% $192 / Sq Ft
03/08/2023 03/08/23 Pending -- -- --
02/12/2023 02/12/23 For Sale $800,000 -- $192 / 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 $12,302 $991,400 $225,000 $766,400
2023 $11,333 $407,500 $72,900 $334,600
2022 $11,333 $407,500 $72,900 $334,600
2021 $10,848 $407,500 $72,900 $334,600
2020 $10,933 $407,500 $72,900 $334,600
2019 $10,668 $407,500 $72,900 $334,600
2018 $10,298 $407,500 $72,900 $334,600
2017 $10,220 $407,500 $72,900 $334,600
2016 $10,139 $407,500 $72,900 $334,600
2015 $8,816 $432,600 $84,000 $348,600
2014 $8,855 $432,600 $84,000 $348,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Alison Elias

    RE/MAX

  • Alison DiRodrico

    Buyer's Agent in 2023

    Alison DiRodrico

    Exit Realty Advantage

    1 in this area

    17 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Alison DiRodrico Elias

    Crossroads Realty Ocean Cty Regional Office

See All Agents

Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22303889

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 22-00024-0000-00015

New Jersey Ocean County Ocean Gate 08740

317 Ocean Gate Ave, Ocean Gate, NJ

This home is located at 317 Ocean Gate Ave, Ocean Gate, NJ 08740 since 13 February 2023 and is currently estimated at $898,413, approximately $215 per square foot. This property was built in 1950. 317 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.

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